DA WEEKLY DATA DROP — #22
Bust a move and get your groove on.
It’s time to get down with da weekly BEETS da-da-da-data!
Maestros, unfortunately this week Balancer, and in turn Beethoven X, suffered an exploit. It should therefore be noted that the following numbers do not represent a regular week at Beets. For updates on the situation please refer to Discord. Thanks.
TVL
Total TVL across both networks is sitting at $18,589,008
🔵 On FTM, TVL is $5,276,411
🔴 On OP, TVL is $13,312,597
Volume
The total volume for the previous week is $10,282,750
🔵 On Fantom, Volume totaled $2,472,920
🔴 On Optimism, Volume totaled $7,809,830
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $5.82K in swap fees and $3.22K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Fantom Layer of the Opera’ (wFTM/lzUSDC) has generated 27% of the weekly swap fees totaling $1,113.
Optimism
This week, on OP, the ‘Gyroscope ECLP wstETH/WETH’ pool has pulled in the most swap fees for liquidity providers, generating a total of $539 for the week.
Yield Capture
Across both chains, ‘Rocket Fuel’ has captured users the most in Yield fees, bringing in $3,296 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’, with $1,757.
Protocol Revenue
During this past week, the protocol generated $5,821 in Swap fees. $6,108 was also generated via Yield Bearing tokens hosted on the protocol, of which, $2,853 flowed to the protocol as revenue.
In total, $4,715 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 1.47.
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 139,000 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 $491,246 in the Treasury wallet.
Down compared to last week by roughly $25K.
Top DAO Farming positions on Fantom
- Fantom Layer of the Opera (FTM/USDC) on Beethoven X — $197,259
- BEETS Liquidity Pool on Tarot — $10,024
- Locked LQDR pool on Liquid Driver — $4,841
Optimism
The Beethoven X DAO holds $1,059,331 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($527,256). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $362,775 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $288,688
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $87,078
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,111
Ethereum
The Treasury also holds over $1,089,496 of assets on Ethereum. This is predominantly in stablecoins ($788,028), although there is also $84,957 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $60,988
- veBAL pool (BAL/ETH) on Balancer — $23,969
Totals
This brings the Treasury’s total holdings to over $2,640,073 (down 2.9% since last week)
( $1,971,410 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
