DA WEEKLY DATA DROP — #21

Beethoven X
5 min readAug 25, 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 $23,826,591

🔵 On FTM, TVL is $6,702,845

🔴 On OP, TVL is $17,123,746

Volume

The total volume for the previous week is $15,226,597

🔵 On Fantom, Volume totaled $985,035

🔴 On Optimism, Volume totaled $14,241,562

Liquidity Providers

What about our BEETiful liquidity providers?

During the past week, Liquidity Providers have earned $5.69K in swap fees and $3.64K in BEETS incentives across both Fantom and Optimism.

Pool Performance

Fantom

On Fantom, ‘A Late Quartet’ (wBTC/wETH/FTM/USDC) has generated 20.4% of the weekly swap fees totaling $275.51.

Optimism

This week, on OP, the ‘Rocket Fuel’ pool has pulled in the most swap fees for liquidity providers, generating a total of $1,441 for the week.

Yield Capture

Across both chains, ‘Rocket Fuel’ has captured users the most in Yield fees, bringing in $3,723 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’, our new concentrated liquidity pool which recently overtook its non-concentrated counterpart, ‘Shanghai Shakedown’, in TVL.

Protocol Revenue

During this past week, the protocol generated $5,692 in Swap fees. $7,912 was also generated via Yield Bearing tokens hosted on the protocol, of which, $3,007 flowed to the protocol as revenue.

In total, $5,466 flowed to the protocol as revenue.

This week our Protocol Fee to BEETS ratio rounds out at 1.4.

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 174,000 BEETS were offered as BEETS bounties.

To see the results, check out the link below.

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 $516,477 in the Treasury wallet.

Up compared to last week by roughly $24K.

Top DAO Farming positions on Fantom

  • Fantom Layer of the Opera (FTM/USDC) on Beethoven X — $200,219
  • BEETS Liquidity Pool on Tarot — $11,204
  • Locked LQDR pool on Liquid Driver — $5,164

Optimism

The Beethoven X DAO holds $1,105,804 in Treasury assets on Optimism.

The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($569,430). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.

Besides the OP, $467,063 is actively deployed in LP positions.

Top DAO Farming Positions on Optimism

  • Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $291,766
  • Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $88,102
  • Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,077

Ethereum

The Treasury also holds over $1,096,610 of assets on Ethereum. This is predominantly in stablecoins ($788,003), although there is also $91,147 actively deployed in farming positions.

Top DAO Farming Positions on Ethereum

  • AURA locked as vlAURA on Aura Finance — $66,762
  • veBAL pool (BAL/ETH) on Balancer — $24,200

Totals

This brings the Treasury’s total holdings to over $2,718,891 (up 1.37% since last week)

( $1,992,092 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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