DA WEEKLY DATA DROP — #54
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 $31,808,147 (-17.94% compared to last week)
🔵 On FTM, TVL is $13,202,433 (-21.62%)
🔴 On OP, TVL is $18,605,714 (-15.11%)
Volume
The total volume for the previous week is $27,186,414 (+38.96% compared to last week).
🔵 On Fantom, Volume totaled $8,902,533 (+66.60%)
🔴 On Optimism, Volume totaled $18,283,881 (+28.57%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $21.92K in swap fees and $13.27K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Fantom Layer of the Opera’ (wFTM/lzUSDC) has generated 12.6% of the weekly swap fees, totalling $2,001. This was followed by ‘Layered & Staked Fantom Opera’ (sFTMx/lzUSDC) which generated $1,713.
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 $1,093 for the week. This was followed by ‘Ethereum Triplets’ (wstETH/sfrxETH/rETH) with $940.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $4,218 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $2,222.
Protocol Revenue
During this past week, the protocol generated $21,918 in Swap fees. $12,236 was also generated via Yield Bearing tokens hosted on the protocol, of which, $5,700 flowed to the protocol as revenue. In total, $12,496 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.75.
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 $18,000 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 the longevity of Beethoven X. To ensure diversification, Beethoven holds treasury assets across 3 different chains.
Fantom
On Fantom, the DAO currently holds $1,340,552 in the treasury, down $223,951 compared to last week. $614,694 is held in liquid tokens whilst $725,858 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Layered & Staked Fantom Opera (sFTMx/lzUSDC) on Beethoven X — $246,795
- Fantom Layer of the Opera (wFTM/lzUSDC) on Beethoven X — $217,597
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,317
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $62,418
- sFTMx/BEETS liquidity pool on Equalizer — $59,416
Optimism
The Beethoven X DAO holds $1,940,085 in treasury assets on Optimism, down $401,429 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($682,284). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,135,339 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $544,151
- Roast Beets (rETH/lzBEETS) on Beethoven X — $290,037
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $165,577
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $135,572
Ethereum
The Treasury also holds over $895,340 of assets on Ethereum, down $48,281 compared to last week. This is predominantly in stablecoins ($405,963), although there is also $107,505 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $59,613
- veBAL pool (BAL/ETH) on Balancer — $47,716
Totals
This brings the Treasury’s total holdings to over $4,175,977 (Down 13.89% compared to last week)
($2,926,486 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, 13,565,446 FTM is staked (+12.43% compared to last week), with 774,303 FTM in the free pool. This brings the total to 14,339,749 FTM (+5.73%), with an overall value of $10,135,049.
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
