DA WEEKLY DATA DROP — #53. Bust a move and get your groove on. | by Beethoven X | Apr, 2024


Bust a move and get your groove on.

It’s time to get down with da weekly BEETS da-da-da-data!

Total TVL across both networks is sitting at $38,762,397 (-0.24% compared to last week)

🔵 On FTM, TVL is $16,844,725 (+10.80%)

🔴 On OP, TVL is $21,917,672 (-7.34%)

The total volume for the previous week is $19,564,053 (+10.28% compared to last week).

🔵 On Fantom, Volume totaled $5,343,543 (+42.35%)

🔴 On Optimism, Volume totaled $14,220,510 (+1.67%)

What about our BEETiful Liquidity providers?

During the past week, Liquidity Providers earned $24.91K in swap fees and $15.60K in BEETS incentives across both Fantom and Optimism.


On Fantom, ‘Dropping the fBOMB’ (wFTM/fBOMB) has generated 15% of the weekly swap fees, totalling $3,042. This was followed by ‘Memedex Vol. 1’ (Fknuckles/sGOAT/THC/FANTIE/MUTTSKI/BLACKY/CHILL) which generated $2,705.


This week on OP, ‘Happy Road’ (wETH/OP/USDC.e) has pulled in the most swap fees for liquidity providers, generating a total of $692 for the week. This was followed by ‘Native Stable Beets’ with $655.

Yield Capture

Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $6,497 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $2,444.

During this past week, the protocol generated $24,912 in Swap fees. $14,279 was also generated via Yield Bearing tokens hosted on the protocol, of which, $6,620 flowed to the protocol as revenue. In total, $13,832 flowed to the protocol as revenue.

This week our Protocol Fee to BEETS ratio rounds out at 0.76.

So, where does all protocol revenue flow?

Two directions.

  1. Gauge Bounties
  2. Treasury

A portion of all Beethoven X protocol fees flows back to our #maBEETS holders as Gauge Bounties on Fantom.

With evolutions and optimizations, the BEETS WARS has slowly taken a new form — BEETS WARS 2.0. Check out the following article for everything you need to know on the Beets gauge vote.

In the last gauge vote, over $14,000 of incentives were offered as Beets bounties.

Check out the latest round here:

The remaining protocol revenue is utilized to build a sustainable Treasury to ensure Beethoven X’s longevity. To ensure diversification, Beethoven holds treasury assets across 3 different chains.


On Fantom, the DAO currently holds $1,564,503 in the treasury, up $211,511 compared to last week. $691,055 is held in liquid tokens whilst $817,582 is actively deployed in farming positions.

Top DAO Farming positions on Fantom

  • Layered & Staked Fantom Opera (sFTMx/lzUSDC) on Beethoven X — $274,402
  • Fantom Layer of the Opera (wFTM/lzUSDC) on Beethoven X — $253,053
  • Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,100
  • sFTMx/BEETS liquidity pool on Equalizer — $73,594
  • Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $72,628


The Beethoven X DAO holds $2,341,514 in treasury assets on Optimism, down $4,072 compared to last week.

The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($914,101). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.

Besides the OP, $1,284,877 is actively deployed in LP positions.

Top DAO Farming Positions on Optimism

  • Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $614,440
  • Roast Beets (rETH/lzBEETS) on Beethoven X — $348,510
  • Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $186,634
  • Native Stable Beets (USDC/USDC.e/USDT/DAI) — $135,290


The Treasury also holds over $943,621 of assets on Ethereum, down $32,780 compared to last week. This is predominantly in stablecoins ($405,944), although there is also $118,634 actively deployed in farming positions.

Top DAO Farming Positions on Ethereum

  • AURA locked as vlAURA on Aura Finance — $60,984
  • veBAL pool (BAL/ETH) on Balancer — $57,456


This brings the Treasury’s total holdings to over $4,849,638 (Up 3.74% compared to last week)

( $3,231,401 not including BEETS and OP tokens)

As of the 15th of February 2024, the Beethoven X DAO is now officially the new owner of Fantom’s no. 1 LST, sFTMx. Combined with the yield-bearing native Beets tech stack, Beethoven X is now positioned as THE yield-bearing hub of the Fantom blockchain.

For all the juicy details dive into the article below:

Currently, 12,065,160 FTM is staked (-0.00% compared to last week), with 1,497,243 FTM in the free pool. This brings the total to 13,562,403 FTM (+6.45%), with an overall value of $11,873,478.

Beetin’ and Bustin’

Did you groove to the data?

Until next week, you can keep up to date / interact in real-time with the two analytic platforms below:

Love as always,


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