DA WEEKLY DATA DROP — #53
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 $38,762,397 (-0.24% compared to last week)
🔵 On FTM, TVL is $16,844,725 (+10.80%)
🔴 On OP, TVL is $21,917,672 (-7.34%)
Volume
The total volume for the previous week is $19,564,053 (+10.28% compared to last week).
🔵 On Fantom, Volume totaled $5,343,543 (+42.35%)
🔴 On Optimism, Volume totaled $14,220,510 (+1.67%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $24.91K in swap fees and $15.60K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Dropping the fBOMB’ (wFTM/fBOMB) has generated 15% of the weekly swap fees, totalling $3,042. This was followed by ‘Memedex Vol. 1’ (Fknuckles/sGOAT/THC/FANTIE/MUTTSKI/BLACKY/CHILL) which generated $2,705.
Optimism
This week on OP, ‘Happy Road’ (wETH/OP/USDC.e) has pulled in the most swap fees for liquidity providers, generating a total of $692 for the week. This was followed by ‘Native Stable Beets’ with $655.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $6,497 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $2,444.
Protocol Revenue
During this past week, the protocol generated $24,912 in Swap fees. $14,279 was also generated via Yield Bearing tokens hosted on the protocol, of which, $6,620 flowed to the protocol as revenue. In total, $13,832 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.76.
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 $14,000 of incentives were offered as Beets bounties.
Check out the latest 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 $1,564,503 in the treasury, up $211,511 compared to last week. $691,055 is held in liquid tokens whilst $817,582 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Layered & Staked Fantom Opera (sFTMx/lzUSDC) on Beethoven X — $274,402
- Fantom Layer of the Opera (wFTM/lzUSDC) on Beethoven X — $253,053
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,100
- sFTMx/BEETS liquidity pool on Equalizer — $73,594
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $72,628
Optimism
The Beethoven X DAO holds $2,341,514 in treasury assets on Optimism, down $4,072 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($914,101). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,284,877 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $614,440
- Roast Beets (rETH/lzBEETS) on Beethoven X — $348,510
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $186,634
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $135,290
Ethereum
The Treasury also holds over $943,621 of assets on Ethereum, down $32,780 compared to last week. This is predominantly in stablecoins ($405,944), although there is also $118,634 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $60,984
- veBAL pool (BAL/ETH) on Balancer — $57,456
Totals
This brings the Treasury’s total holdings to over $4,849,638 (Up 3.74% compared to last week)
( $3,231,401 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, 12,065,160 FTM is staked (-0.00% compared to last week), with 1,497,243 FTM in the free pool. This brings the total to 13,562,403 FTM (+6.45%), with an overall value of $11,873,478.
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
