DA WEEKLY DATA DROP — #61
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 $31,284,494 (-10.29% compared to the last Data Drop)
🔵 On FTM, TVL is $12,888,113 (-12.95%)
🔴 On OP, TVL is $18,396,381 (-8.33%)
Volume
The total volume for the previous week is $17,995,990 (-30.06% compared to the last Data Drop).
🔵 On Fantom, Volume totaled $3,842,233 (+19.30%)
🔴 On Optimism, Volume totaled $14,153,757 (-37.12%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $8.68K in swap fees and $13.76K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 20.4% of the weekly swap fees, totalling $1,145. This was followed by ‘+EQ : Bass Boosted 🎛’ (EQAUL/sFTMx) which generated $769.
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 $554 for the week. This was followed by ‘Gyroscope ECLP wstETH/WETH’ with $435.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $3,011 for the week. The second highest fee generator of the week is ‘Gyroscope ECLP wstETH/WETH’ bringing in $2,374.
Protocol Revenue
During this past week, the protocol generated $8,677 in Swap fees. $11,166 was also generated via Yield Bearing tokens hosted on the protocol, of which, $4,864 flowed to the protocol as revenue. In total, $7,742 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.62.
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 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 $1,165,481 in the treasury, down $244,747 compared to the last Data Drop. $542,614 is held in liquid tokens whilst $622,867 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $423,200
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,868
- sFTMx/BEETS liquidity pool on Equalizer — $50,397
Optimism
The Beethoven X DAO holds $1,907,475 in treasury assets on Optimism, down $306,168 compared to the last Data Drop.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($556,751). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,176,763 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $606,487
- Roast Beets (rETH/lzBEETS) on Beethoven X — $250,799
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $183,357
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $136,118
Ethereum
The Treasury also holds over $832,574 of assets on Ethereum, down $80,429 compared to last week. This is predominantly in stablecoins ($320,466), although there is also $117,418 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance —$69,007
- veBAL pool (BAL/ETH) on Balancer — $48,243
Totals
This brings the Treasury’s total holdings to over $3,905,530 (Down 13.9% compared to the last Data Drop)
($2,870,525 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, 18,563,892 FTM is staked (+8.15% compared to the last Data Drop), with 638,870 FTM in the free pool. This brings the total to 19,202,762 FTM (+10.11%, with an overall value of $11,709,364.
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
