DA WEEKLY DATA DROP — #7. Bust a move and get your groove on. | by Beethoven x | May, 2023

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 $77,521,317

🔵 On FTM, TVL is $33,674,320

🔴 On OP, TVL is $43,846,997

The total volume for the previous week is $22,435,607

🔵 On Fantom, Volume totaled $10,683,874

🔴 On Optimism, Volume totaled $11,751,733

What about our BEETiful Liquidity providers?

During the past week, Liquidity Providers have earned $20.95K in swap fees and $12.13K in BEETS incentives across both Fantom and Optimism.

On Fantom, the A Late Quartet (wBTC/wETH/FTM/USDC) has generated 25.1% of the weekly swap fees totaling $4061.

Once again, on OP, the Bonded Oath Token pool has pulled in the most swap fees for liquidity providers, generating a total of $1,932 for the week.

During this past week, the protocol generated $20,945 in Swap fees. Total protocol fees for the week came in at $15,331.

Compared to last week, swap fees are down $14,671 while revenue is up $4685. This is because we have now integrated a mechanism to effectively showcase the fees captured from Yield Bearing tokens.

During the last week, the $19,004 was generated via Yield Bearing tokens hosted on the protocol, of which, $9,273 flowed to the protocol as revenue.

This increase in protocol fees has meant that our Protocol Fee to BEETS ratio ends the week at 1.14!

With Yield Bearing fees accounted for, we are now CASH FLOW POSITIVE!

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.

In the recent gauge vote, over 137,821 BEETS were offered as BEETS bounties.

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 $2,009,767 in the Treasury wallet.

61.35% of this is actively farming in LP positions.

• A Late Quartet (BTC/ETH/FTM/USDC) on Beethoven X — $405,515
• Steady Beets (USDC/DAI) on Beethoven X — $288,389.
• A Late Quartet (BTC/ETH/FTM/USDC) on LiquidDriver — $270,721

The Beethoven X DAO holds $1,206,187 in Treasury assets on Optimism.

The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($713,174). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.

Besides the OP, over $439,581 is actively deployed in LP positions.

• Rocket Fuel (rETH/ETH) on Beethoven X — $323,352
• Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,123
• Here comes the Sonne (USDC/DAI/USDT) on Beethoven X — $32,105

The Treasury also holds over $124,095 of assets on Ethereum.

• AURA locked as vlAURA on Aura Finance — $57,623
• veBAL on Balancer — $34,879
• auraBAL in the auraBAL auto-compounder on Aura Finance — $35,472

This brings the Treasury’s total holdings to over $ 3,354,218 (Up +0.55% since last week)

( 2,251,867 not including BEETS and OP tokens)

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,

BEET X