DA WEEKLY DATA DROP — #51
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 $45,165,864 (-15.27% compared to last week)
🔵 On FTM, TVL is $18,429,171 (-6.73%)
🔴 On OP, TVL is $26,736,693 (-20.30%)
Volume
The total volume for the previous week is $31,827,465 (-9.24% compared to last week).
🔵 On Fantom, Volume totaled $9,312,884 (-32.30%)
🔴 On Optimism, Volume totaled $22,514,581 (+5.65%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $44.17K in swap fees and $21.30K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Dropping the fBOMB’ (wFTM/fBOMB) has generated 22.3% of the weekly swap fees, totalling $9,863. This was followed by ‘Goats & Roses’ (sGOAT/lzUSDC) which generated $5,575.
Optimism
This week on OP, ‘A Night at the OPara’ (PSP/OP) has pulled in the most swap fees for liquidity providers, generating a total of $1,522 for the week. This was followed by ‘Happy Road’ (wETH/OP/USDC.e) with $993.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $8,587 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $2,822.
Protocol Revenue
During this past week, the protocol generated $44,167 in Swap fees. $16,645 was also generated via Yield Bearing tokens hosted on the protocol, of which, $7,808 flowed to the protocol as revenue. In total, $20,198 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.87.
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.
With evolutions and optimizations, the BEETS WARS has slowly taken a new form — BEETS WARS 2.0. Check out the following article for everything you need to know on the Beets gauge vote.
In the last gauge vote, over 6000 BPTs were offered as bounties.
Check out the new round 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 $1,628,766 in the treasury, down $202,560 compared to last week. $892,044 is held in liquid tokens whilst $736,732 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Layered & Staked Fantom Opera (sFTMx/lzUSDC) on Beethoven X — $351,778
- Fantom Layer of the Opera (wFTM/lzUSDC) on Beethoven X — $289,614
- Love Thy Stables (axlUSDC/lzUSDC) on Beethoven X — $8,380
Optimism
The Beethoven X DAO holds $2,623,473 in Treasury assets on Optimism, up $69,157 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($1,186,712). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,328,999 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $624,237
- Roast Beets (rETH/lzBEETS) on Beethoven X — $381,175
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $189,088
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $134,497
Ethereum
The Treasury also holds over $1,032,636 of assets on Ethereum, up $53,992 compared to last week. This is predominantly in stablecoins ($389,242), although there is also $132,741 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $71,460
- veBAL pool (BAL/ETH) on Balancer — $61,080
Totals
This brings the Treasury’s total holdings to over $5,284,885 (Down 1.48% compared to last week)
( $3,380,074 not including BEETS and OP tokens)
sFTMx
As of the 15th of February 2024, the Beethoven X DAO is now officially the new owner of Fantom’s no. 1 LST, sFTMx. Combined with the yield-bearing native Beets tech stack, Beethoven X is now positioned as THE yield-bearing hub of the Fantom blockchain.
For all the juicy details dive into the article below:
Currently, 7,064,487 FTM is staked (+0.00% compared to last week), with 3,116,588 FTM in the free pool. This brings the total to 10,181,075 FTM (+35.02%), with an overall value of $10,039,487.
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
