DA WEEKLY DATA DROP — #58
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 $31,046,972 (+6.33% compared to last week)
🔵 On FTM, TVL is $13,779,412 (+10.53%)
🔴 On OP, TVL is $17,267,560 (+3.20%)
Volume
The total volume for the previous week is $17,885,452 (+9.48% compared to last week).
🔵 On Fantom, Volume totaled $5,270,916 (+133.52%)
🔴 On Optimism, Volume totaled $12,614,536 (-10.41%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $9.61K in swap fees and $15.45K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 13.3% of the weekly swap fees, totalling $838. This was followed by ‘Fantom Menace’ (sFTMx/wFTM) which generated $791.
Optimism
This week on OP, ‘A Night at the OPara’ (OP/PSP) has pulled in the most swap fees for liquidity providers, generating a total of $572 for the week. This was followed by ‘Native Stable Beets’ (USDC/USDC.e/USDT/DAI) with $438.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $2,806 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $1,372.
Protocol Revenue
During this past week, the protocol generated $9,607 in Swap fees. $8,031 was also generated via Yield Bearing tokens hosted on the protocol, of which, $3,568 flowed to the protocol as revenue. In total, $6,747 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.56.
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 results for 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 $1,444,781 in the treasury, up $68,426 compared to last week. $714,585 is held in liquid tokens whilst $730,196 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $508,605
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,692
- sFTMx/BEETS liquidity pool on Equalizer —$67,417
Optimism
The Beethoven X DAO holds $2,104,261 in treasury assets on Optimism, up $127,014 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($761,468). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,149,866 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $539,888
- Roast Beets (rETH/lzBEETS) on Beethoven X — $311,495
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $163,286
- Native Stable Beets (USDC/USDC.e/USDT/DAI) —$135,195
Ethereum
The Treasury also holds over $893,339 of assets on Ethereum, up $57,520 compared to last week. This is predominantly in stablecoins ($365,318), although there is also $135,563 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $85,811
- veBAL pool (BAL/ETH) on Balancer — $49,580
Totals
This brings the Treasury’s total holdings to over $4,442,381 (Up 6.04% compared to last week)
($3,104,278 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, 15,415,245 FTM is staked (+2.32% compared to last week), with 1,430,132 FTM in the free pool. This brings the total to 16,845,377 FTM (+6.95%), with an overall value of $13,614,751.
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
