DA WEEKLY DATA DROP — #28

Beethoven X
5 min readOct 20, 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 $18,942,230(-14.5% compared to last week.)

🔵 On FTM, TVL is $4,396,582

🔴 On OP, TVL is $14,545,648

Volume

The total volume for the previous week is $3,907,897

🔵 On Fantom, Volume totaled $337,028

🔴 On Optimism, Volume totaled $3,570,869

Liquidity Providers

What about our BEETiful Liquidity providers?

During the past week, Liquidity Providers earned $4.06K in swap fees and $2.90K in BEETS incentives across both Fantom and Optimism.

Pool Performance

Fantom

On Fantom, ‘Fantom Layer of the Opera’ (wFTM/lzUSDC) has generated 31% of the weekly swap fees totaling $389.

Optimism

This week on OP, the ‘Sonata for Two: DOLA & USDC’ pool has pulled in the most swap fees for liquidity providers, generating a total of $1,483 for the week.

Yield Capture

Across both chains, ‘Gyroscope ECLP wstETH/WETH’ has captured users the most in Yield fees, bringing in $5,057 for the week. The second highest fee generator of the week is ‘Rocket Fuel’ bringing in $1,740.

Protocol Revenue

During this past week, the protocol generated $4,062 in Swap fees. $7,577 was also generated via Yield Bearing tokens hosted on the protocol, of which, $3,680 flowed to the protocol as revenue. In total, $5,366 flowed to the protocol as revenue.

This week our Protocol Fee to BEETS ratio rounds out at 1.46.

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.

Following a recent proposal, gauge vote bounties will now be set as Fantom Layer of the Opera BPTs. Dive into the thread below for all the details.

In the latest gauge vote, over 2,000 BPTs were offered as bounties.

Check out the results 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 $450,010 in the Treasury wallet. Down 6.89% compared to last week.

On Fantom, the DAO currently has $202,684 actively deployed in farming positions.

Top DAO Farming positions on Fantom

  • Fantom Layer of the Opera (FTM/USDC) on Beethoven X — $189,812
  • BEETS Liquidity Pool on Tarot —$8,305
  • Locked LQDR pool on Liquid Driver — $4,565

Optimism

The Beethoven X DAO holds $982,396 in Treasury assets on Optimism.

The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($459,955). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.

Besides the OP, $455,277 is actively deployed in LP positions.

Top DAO Farming Positions on Optimism

  • Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $285,029
  • Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $86,042
  • Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,203

Ethereum

The Treasury also holds over $944,790 of assets on Ethereum. This is predominantly in stablecoins ($634,383), although there is also $72,515 actively deployed in farming positions.

Top DAO Farming Positions on Ethereum

  • AURA locked as vlAURA on Aura Finance — $50,703
  • veBAL pool (BAL/ETH) on Balancer — $21,771

Totals

This brings the Treasury’s total holdings to over $2,377,196 (up 1.49% since last week)

( $1,797,565 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

--

--