DA WEEKLY DATA DROP — #13
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 $50,199,276
🔵 On FTM, TVL is $23,298,536
🔴 On OP, TVL is $26,900,740
Volume
The total volume for the previous week is $14,523,210
🔵 On Fantom, Volume totaled $6,095,430
🔴 On Optimism, Volume totaled $8,427,779
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $16.27K in swap fees and $6.51K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, the A Late Quartet (wBTC/wETH/FTM/USDC) has generated 47.5% of the weekly swap fees totaling $6,128.
Optimism
This week, on OP, the Bonded Oath Token pool has pulled in the most swap fees for liquidity providers, generating a total of $785 for the week.
Yield Capture
Across both Fantom and Optimism, Rocket Fuel has captured users the most in yield fees, bringing in $4,241 for the week. The second highest fee generator of the week is Shanghai Shakedown.
Protocol Revenue
During this past week, the protocol generated $16,269 in swap fees. $14,029 was also generated via yield-bearing tokens hosted on the protocol, of which, $5,378 flowed to the protocol as revenue.
In total, $10,176 flowed to the protocol as revenue, down $634 compared to last week.
This week our Protocol Fee to BEETS ratio ends the week at 1.56!
Here’s to another week cash flow positive!
So, where does all protocol revenue flow?
Two directions.
- Gauge Bounties
- 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 $720,605 in the Treasury wallet.
Up roughly $30.6k compared to last week.
Top DAO Farming positions on Fantom
- BEETS Liquidity Pool on Tarot — $25,262
- Locked LQDR pool on Liquid Driver — $9,270
Optimism
The Beethoven X DAO holds $1,008,088 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($512,253). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, over $448,569 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X — $332,060
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,144
- House of the rising Sonne(USDC/DAI/USDT) on Beethoven X — $32,363
Ethereum
The Treasury also holds over $1,444,337 of assets on Ethereum.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $61,038
- veBAL on Balancer — $31,653
- auraBAL in the auraBAL auto-compounder on Aura Finance — $25,814
This brings the Treasury’s total holdings to over $3,173,030 — down 0.33% since last week ($2,317,636 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.
