DA WEEKLY DATA DROP — #31

Beethoven X
5 min readNov 10, 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 $31,191,451 (+18.1% compared to last week).

🔵 On FTM, TVL is $6,235,664

🔴 On OP, TVL is $24,865,787

Volume

The total volume for the previous week is $11,241,609 (+20% compared to last week).

🔵 On Fantom, Volume totaled $805,845

🔴 On Optimism, Volume totaled $10,435,764

Liquidity Providers

What about our BEETiful Liquidity providers?

During the past week, Liquidity Providers earned $8.88K in swap fees and $5.49K in BEETS incentives across both Fantom and Optimism.

Pool Performance

Fantom

On Fantom, ‘Fantom Layer of the Opera’ (wFTM/lzUSDC) has generated 29.7% of the weekly swap fees totaling $1,077.

Optimism

This week on OP, the ‘Sonata for Two: DOLA & USDC’ pool (DOLA/USDC.e) has pulled in the most swap fees for liquidity providers, generating a total of $1,173 for the week.

Yield Capture

Across both chains, ‘Ethereum Triplets’ (wstETH/sfrxETH/rETH) has captured users the most in Yield fees, bringing in $2,272 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $2,192.

Protocol Revenue

During this past week, the protocol generated $8,883 in Swap fees. $7,034 was also generated via Yield Bearing tokens hosted on the protocol, of which, $3,391 flowed to the protocol as revenue. In total, $6,892 flowed to the protocol as revenue.

This week our Protocol Fee to BEETS ratio rounds out at 1.56.

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 5,000 BPTs will be offered as bounties.

Check it out here:

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 $504,283 in the treasury wallet, up $46,993 compared to last week. $251,917 is held in liquid tokens whilst $252,366 is actively deployed in farming positions.

Top DAO Farming positions on Fantom

  • Fantom Layer of the Opera (FTM/USDC) on Beethoven X — $234,797
  • BEETS Liquidity Pool on Tarot — $12,170
  • Locked LQDR pool on Liquid Driver —$6,265

Optimism

The Beethoven X DAO holds $1,397,587 in Treasury assets on Optimism.

The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($630,529). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.

Besides the OP, $719,898 is actively deployed in LP positions. This week 10.1 rETH and 7,234,599 lzBEETS were deposited into the new ‘Roast Beets’ pool.

Please note: lzBEETS are currently showing as valueless on DeBank.

Top DAO Farming Positions on Optimism

  • Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $370,598
  • Native Stable Beets (USDC/USDC.e/USDT/DAI) — $132,447
  • Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $111,976
  • Roast Beets (rETH/lzBEETS) — $104,873

Ethereum

The Treasury also holds over $988,515 of assets on Ethereum. This is predominantly in stablecoins ($599,375), although there is also $110,732 actively deployed in farming positions.

Top DAO Farming Positions on Ethereum

  • AURA locked as vlAURA on Aura Finance — $81,941
  • veBAL pool (BAL/ETH) on Balancer — $28,609

Totals

This brings the Treasury’s total holdings to over $2,890,385 (up 9.42% compared to last week)

( $2,105,072 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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