DA WEEKLY DATA DROP — #60
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 $34,873,591 (-2.24% compared to last week)
🔵 On FTM, TVL is $14,805,550 (+1.37%)
🔴 On OP, TVL is $20,068,041 (-4.75%)
Volume
The total volume for the previous week is $25,729,465 (-11.68% compared to last week).
🔵 On Fantom, Volume totaled $3,220,517 (-46.90%)
🔴 On Optimism, Volume totaled $22,508,948 (-2.42%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $8.42K in swap fees and $18.62K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Fantom Menace’ (sFTMx/wFTM) has generated 18% of the weekly swap fees, totalling $842. This was followed by ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) which generated $677.
Optimism
This week on OP, ‘Gyroscope ECLP wstETH/WETH’ has pulled in the most swap fees for liquidity providers, generating a total of $665 for the week. This was followed by ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) with $624.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $3,155for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $2,106.
Protocol Revenue
During this past week, the protocol generated $8,421 in Swap fees. $10,677 was also generated via Yield Bearing tokens hosted on the protocol, of which, $4,637 flowed to the protocol as revenue. In total, $7,588 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.41.
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 $10,000 of incentives were offered as Beets bounties.
Check out the last round’s 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 $1,410,228 in the treasury, down $15,864 compared to last week. $703,917 is held in liquid tokens whilst $706,3113 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $495,538
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,784
- sFTMx/BEETS liquidity pool on Equalizer — $63,951
Optimism
The Beethoven X DAO holds $2,213,643 in treasury assets on Optimism, down $37,213 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($712,219). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,314,815 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $664,476
- Roast Beets (rETH/lzBEETS) on Beethoven X — $313,446
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $201,119
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $135,772
Ethereum
The Treasury also holds over $913,003 of assets on Ethereum, down $8,274 compared to last week. This is predominantly in stablecoins ($365,429), although there is also $139,273 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $82,623
- veBAL pool (BAL/ETH) on Balancer — $56,469
Totals
This brings the Treasury’s total holdings to over $4,536,874 (Down 1.33% compared to last week)
($3,218,536 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, 17,165,580 FTM is staked (+4.58% compared to last week), with 274,313 FTM in the free pool. This brings the total to 17,439,893 FTM (+3.84%), with an overall value of $13,697,396.
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
