DA WEEKLY DATA DROP — #29

Beethoven X
5 min readOct 27, 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 $24,900,511(+31.46% compared to last week.)

🔵 On FTM, TVL is $7,177,592

🔴 On OP, TVL is $17,722,919

Volume

The total volume for the previous week is $13,432,833

🔵 On Fantom, Volume totaled $580,389

🔴 On Optimism, Volume totaled $12,852,444

This week a huge spike in volume can be seen on Oct. 26th after over $6M flowed through the ‘Gyroscope ECLP wstETH/WETH’ pool. That’s over 100% of the pool's TVL!

Liquidity Providers

What about our BEETiful Liquidity providers?

During the past week, Liquidity Providers earned $5.97K in swap fees and $3.60K in BEETS incentives across both Fantom and Optimism.

Pool Performance

Fantom

On Fantom, ‘Fantom Layer of the Opera’ (wFTM/lzUSDC) has generated almost half (46.4%) of the weekly swap fees totaling $1,194.

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 $1,045 for the week.

Yield Capture

Across both chains, ‘Gyroscope ECLP wstETH/WETH’ has captured users the most in Yield fees, bringing in $3,397 for the week. The second highest fee generator of the week is ‘Rocket Fuel’ bringing in $1,452.

Protocol Revenue

During this past week, the protocol generated $5,974 in Swap fees. $5,733 was also generated via Yield Bearing tokens hosted on the protocol, of which, $2,749 flowed to the protocol as revenue. In total, $5,076 flowed to the protocol as revenue.

This week our Protocol Fee to BEETS ratio rounds out at 1.75.

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 have been offered as bounties.

Check out the tweet and have your say 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 $527,523 in the Treasury wallet. Up 17.2% compared to last week.

On Fantom, the DAO currently has $225,475 actively deployed in farming positions.

Top DAO Farming positions on Fantom

  • Fantom Layer of the Opera (FTM/USDC) on Beethoven X — $209,878
  • BEETS Liquidity Pool on Tarot — $10,085
  • Locked LQDR pool on Liquid Driver —$5,512

Optimism

The Beethoven X DAO holds $1,076,851 in Treasury assets on Optimism. Up 9.6% compared to last week.

The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($508,740). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.

Besides the OP, $497,547 is actively deployed in LP positions.

Top DAO Farming Positions on Optimism

  • Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $317,426
  • Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $95,855
  • Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,266

Ethereum

The Treasury also holds over $990,585 of assets on Ethereum. Up 4.85% compared to last week. This is predominantly in stablecoins ($634,374), although there is also $84,696 actively deployed in farming positions.

Top DAO Farming Positions on Ethereum

  • AURA locked as vlAURA on Aura Finance — $60,475
  • veBAL pool (BAL/ETH) on Balancer — $24,055

Totals

This brings the Treasury’s total holdings to over $2,594,959 (up 9.16% compared to last week)

($1,940,238 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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