DA WEEKLY DATA DROP — #56
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 $31,014,201 (-6.24% compared to last week)
🔵 On FTM, TVL is $13,423,042 (-6.96%)
🔴 On OP, TVL is $17,591,159 (-5.69%)
Volume
The total volume for the previous week is $20,166,224 (-6.52% compared to last week).
🔵 On Fantom, Volume totaled $4,496,208 (-10.86%)
🔴 On Optimism, Volume totaled $15,670,016 (-5.20%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $10.91K in swap fees and $13.52K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘A Late Quartet’ (multiUSDC/wFTM/multiWETH/multiWBTC) has generated 13.7% of the weekly swap fees, totalling $936. This was followed by ‘Trio of the Stables’ (axlUSDC/lzUSDC/USDC.e) which generated $882.
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 $1,056 for the week. This was followed by ‘A Night at the OPara’ (OP/PSP) with $815.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $3,242 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $1,764.
Protocol Revenue
During this past week, the protocol generated $10,913 in Swap fees. $8,939 was also generated via Yield Bearing tokens hosted on the protocol, of which, $4,059 flowed to the protocol as revenue. In total, $7,739 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.57.
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 $17,000 of incentives were offered as Beets bounties.
Check out the latest round results 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 $1,350,389 in the treasury, down $29,487 compared to last week. $610,485 is held in liquid tokens whilst $739,904 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Layered & Staked Fantom Opera (sFTMx/lzUSDC) on Beethoven X — $245,093
- Fantom Layer of the Opera (wFTM/lzUSDC) on Beethoven X — $215,274
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,558
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $61,743
- sFTMx/BEETS liquidity pool on Equalizer — $57,622
Optimism
The Beethoven X DAO holds $2,191,781 in treasury assets on Optimism, up $106,662 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($861,472). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,118,158 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $540,717
- Roast Beets (rETH/lzBEETS) on Beethoven X —$278,609
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $164,186
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $134,643
Ethereum
The Treasury also holds over $851,188 of assets on Ethereum, down $38,409 compared to last week. This is predominantly in stablecoins ($365,451), although there is also $116,019 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $65,310
- veBAL pool (BAL/ETH) on Balancer — $50,536
Totals
This brings the Treasury’s total holdings to over $4,303,358 (Up 0.19% compared to last week)
($2,891,179 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, 14,565,371 FTM is staked (+7.38% compared to last week), with 909,411 FTM in the free pool. This brings the total to 15,474,782 FTM (+4.07%), with an overall value of $10,680,354.
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
