DA WEEKLY DATA DROP — #34

Beethoven X
5 min readDec 1, 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 $34,675,689 (-1.59% compared to last week)

🔵 On FTM, TVL is $7,248,627 (-0.49%)

🔴 On OP, TVL is $27,427,062 (-1.87%)

Volume

The total volume for the previous week is $9,511,641 (-68.19% compared to last week).

🔵 On Fantom, Volume totaled 494,849 (-43.49%)

🔴 On Optimism, Volume totaled $9,016,792(-68.94%)

Note: Volume numbers are significantly down compared to last week after the previous numbers were inflated by a few high-value swaps.

Liquidity Providers

What about our BEETiful Liquidity providers?

During the past week, Liquidity Providers earned $4.96K in swap fees and $17.23K in BEETS incentives across both Fantom and Optimism.

Pool Performance

Fantom

On Fantom, ‘Fantom Layer of the Opera’ (wFTM/lzUSDC) has generated 17.8% of the weekly swap fees, totaling $388.

Optimism

This week on OP, ‘Sonata for Two: DOLA & USDC’ has pulled in the most swap fees for liquidity providers, generating a total of $633 for the week.

Yield Capture

Across both chains, ‘Ethereum Triplets’ (wstETH/sfrxETH/rETH) has captured users the most in Yield fees, bringing in $5,082 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $3,305.

Protocol Revenue

During this past week, the protocol generated $4,962 in Swap fees. $11,840 was also generated via Yield Bearing tokens hosted on the protocol, of which, $5,768 flowed to the protocol as revenue. In total, $7,657 flowed to the protocol as revenue.

This week our Protocol Fee to BEETS ratio rounds out at 1.18.

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 out the results 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 $611,004 in the treasury wallet, up $25,938 compared to last week. $326,654 is held in liquid tokens whilst $284,350 is actively deployed in farming positions.

Top DAO Farming positions on Fantom

  • Fantom Layer of the Opera (FTM/USDC) on Beethoven X — $258,852
  • BEETS Liquidity Pool on Tarot — $18,918
  • Locked LQDR pool on Liquid Driver — $6,579

Optimism

The Beethoven X DAO holds $1,419,080 in Treasury assets on Optimism.

The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($608,232). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.

Besides the OP, $760,385 is actively deployed in LP positions.

Please note: The lzBEETS price is yet to be updated on DeBank and are currently showing as valueless.

Top DAO Farming Positions on Optimism

  • Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $369,606
  • Native Stable Beets (USDC/USDC.e/USDT/DAI) — $133,065
  • Roast Beets (rETH/lzBEETS) on Beethoven X — $145,829
  • Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $111,886

Ethereum

The Treasury also holds over $980,710 of assets on Ethereum. This is predominantly in stablecoins ($599,379), although there is also $95,684 actively deployed in farming positions.

Top DAO Farming Positions on Ethereum

  • AURA locked as vlAURA on Aura Finance — $64,047
  • veBAL pool (BAL/ETH) on Balancer — $31,460

Totals

This brings the Treasury’s total holdings to over $3,010,794 (down 1.97% compared to last week)

( $2,169,984 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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