DA WEEKLY DATA DROP — #55
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 $33,079,719 (+4.00% compared to last week)
🔵 On FTM, TVL is $14,427,050 (+9.28%)
🔴 On OP, TVL is $18,652,669 (+0.25%)
Volume
The total volume for the previous week is $21,573,428 (-20.65% compared to last week).
🔵 On Fantom, Volume totaled $5,043,903 (-43.34%)
🔴 On Optimism, Volume totaled $16,529,525 (-9.60%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $13.04K in swap fees and $12.99K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Trio of the Stables’ (axlUSDC/lzUSDC/USDC.e) has generated 9.3% of the weekly swap fees, totalling $797. This was followed by ‘Fantom Layer of the Opera’ (wFTM/lzUSDC) which generated $778.
Optimism
This week on OP, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH has pulled in the most swap fees for liquidity providers, generating a total of $987 for the week. This was followed by ‘Native Stable Beets’ (USDC/USDC.e/USDT/DAI) with $943.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $4,157 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $2,046.
Protocol Revenue
During this past week, the protocol generated $13,044 in Swap fees. $11,141 was also generated via Yield Bearing tokens hosted on the protocol, of which, $5,113 flowed to the protocol as revenue. In total, $9,406 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.54.
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 $8,000 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 $1,379,876 in the treasury, up $39,324 compared to last week. $643,407 is held in liquid tokens whilst $736,469 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Layered & Staked Fantom Opera (sFTMx/lzUSDC) on Beethoven X — $252,004
- Fantom Layer of the Opera (wFTM/lzUSDC) on Beethoven X — $223,919
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,443
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $64,226
- sFTMx/BEETS liquidity pool on Equalizer — $60,996
Optimism
The Beethoven X DAO holds $1,995,119 in treasury assets on Optimism, up $55,034 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($720,414). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,151,782 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $551,372
- Roast Beets (rETH/lzBEETS) on Beethoven X — $296,984
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $167,504
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $135,920
Ethereum
The Treasury also holds over $889,597 of assets on Ethereum, down $5,743 compared to last week. This is predominantly in stablecoins ($405,946), although there is also $104,469 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $57,548
- veBAL pool (BAL/ETH) on Balancer — $46,868
Totals
This brings the Treasury’s total holdings to over $4,264,592 (Up 2.12% compared to last week)
( $2,962,730 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, 13,564,080 FTM is staked (-0.01% compared to last week), with 1,305,318 FTM in the free pool. This brings the total to 14,869,398 FTM (+3.69%), with an overall value of $10,886,555.
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
