DA WEEKLY DATA DROP — #10

Beethoven X
5 min readJun 9, 2023

Bust a move and get your groove on.

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

TVL

Total TVL across both networks is sitting at $63,905,184

🔵 On FTM, TVL is $25,368,080

🔴 On OP, TVL is $38,537,104

Volume

The total volume for the previous week is $24,730,357

🔵 On Fantom, Volume totaled $7,858,565

🔴 On Optimism, Volume totaled $12,961,678

There was an error in the volume recorded for Optimism in the data studio

Liquidity Providers

What about our BEETiful Liquidity providers?

During the past week, Liquidity Providers have earned $17.38K in swap fees and $6.34K in BEETS incentives across both Fantom and Optimism.

Pool Performance

Fantom

On Fantom, the A Late Quartet (wBTC/wETH/FTM/USDC) has generated 39.3% of the weekly swap fees totaling $4,960.

Optimism

This week, on OP, the Rocket Fuel pool has pulled in the most swap fees for liquidity providers, generating a total of $1,206 for the week.

Yield Capture

Across both Fantom and Optimism, Rocket Fuel has captured users the most in Yield fees, bringing in $5834 for the week. This is greater than the highest-earning swap fee for the week — A Late Quartet.

Protocol Revenue

During this past week, the protocol generated $17,376 in Swap fees. $16,295 was also generated via Yield Bearing tokens hosted on the protocol, of which, $7,891 flowed to the protocol as revenue.

In total, $13,310 flowed to the protocol as revenue, down $2,131 compared to last week.

This week our Protocol Fee to BEETS ratio ends the week at 2.35!

Here’s to another week cash flow positive!

So, where does all protocol revenue flow?

Two directions.

  1. Gauge Bounties
  2. Treasury

Gauge Bounties

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 250,000 BEETS were offered as BEETS bounties.

Treasury

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.

Fantom

On Fantom, the DAO currently holds $676,744 in the Treasury wallet.

Down compared to last week by roughly $870k due to assets being bridged to ETH. This was done after an emergency vote passed to transfer Multichain exposed assets to a chain where they are native.

100% of this is actively farming in LP positions.

Top DAO Farming positions on Fantom

  • BEETS Liquidity Pool on Tarot — $23,567
  • Locked LQDR pool on Liquid Driver — $9,886

Optimism

The Beethoven X DAO holds $1,037,700 in Treasury assets on Optimism.

The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($558,735). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.

Besides the OP, over $440,126 is actively deployed in LP positions.

Top DAO Farming Positions on Optimism

  • Rocket Fuel (rETH/ETH) on Beethoven X — $323,814
  • Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,086
  • Here comes the Sonne (USDC/DAI/USDT) on Beethoven X — $32,225

The Treasury also holds over $1,410,307 of assets on Ethereum.

Top DAO Farming Positions on Ethereum

  • AURA locked as vlAURA on Aura Finance — $52,274
  • veBAL on Balancer — $32,897
  • auraBAL in the auraBAL auto-compounder on Aura Finance — $27,806

($ 2,239,196 not including BEETS and OP tokens)

Outro

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

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