DA WEEKLY DATA DROP — #59
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 $35,673,762 (+14.90% compared to last week)
🔵 On FTM, TVL is $14,605,339 (+5.99%)
🔴 On OP, TVL is $21,068,423 (+22.01%)
Volume
The total volume for the previous week is $29,133,167 (+62.89% compared to last week).
🔵 On Fantom, Volume totaled $6,065,179 (+15.07%)
🔴 On Optimism, Volume totaled $23,067,988 (+82.87%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $12.96K in swap fees and $18.09K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 20.6% of the weekly swap fees, totalling $1,834. This was followed by ‘Fantom Menace’ (sFTMx/wFTM) which generated $986.
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 $794 for the week. This was followed by ‘Native Stable Beets’ (USDC/USDC.e/USDT/DAI) with $776.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $3,315 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $1,978.
Protocol Revenue
During this past week, the protocol generated $12,960 in Swap fees. $10,162 was also generated via Yield Bearing tokens hosted on the protocol, of which, $4,410 flowed to the protocol as revenue. In total, $8,539 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.45.
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 $9,000 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 $1,426,092 in the treasury, down $18,689 compared to last week. $708,649 is held in liquid tokens whilst $717,443 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $503,163
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,752
- sFTMx/BEETS liquidity pool on Equalizer — $66,866
Optimism
The Beethoven X DAO holds $2,250,856 in treasury assets on Optimism, up $146,595 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($751,041). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,310,301 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $652,791
- Roast Beets (rETH/lzBEETS) on Beethoven X — $324,259
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $197,667
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $135,582
Ethereum
The Treasury also holds over $921,277 of assets on Ethereum, up $27,938 compared to last week. This is predominantly in stablecoins ($365,459), although there is also $141,346 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance —$86,170
- veBAL pool (BAL/ETH) on Balancer — $54,998
Totals
This brings the Treasury’s total holdings to over $4,598,225 (Up 3.51% compared to last week)
($3,217,973 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, 16,414,079 FTM is staked (+6.48% compared to last week), with 380,515 FTM in the free pool. This brings the total to 16,794,594 FTM (-0.30%), with an overall value of $13,318,230.
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
