DA WEEKLY DATA DROP — #62
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 $30,264,183 (-3.26% compared to last week)
🔵 On FTM, TVL is $11,380,912 (-11.69%)
🔴 On OP, TVL is $18,883,271 (+2.65%)
Volume
The total volume for the previous week is $29,607,616 (+64.52% compared to last week).
🔵 On Fantom, Volume totaled $6,768,503 (+76.16%)
🔴 On Optimism, Volume totaled $22,839,113 (+61.36%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $10.83K in swap fees and $14.66K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 21.9% of the weekly swap fees, totalling $1,583. This was followed by ‘Dropping the fBOMB!’ (wFTM/fBOMB) which generated $956.
Optimism
This week on OP, ‘Gyroscope ECLP wstETH/WETH’ has pulled in the most swap fees for liquidity providers, generating a total of $870 for the week. This was followed by ‘Happy Road’ (WETH/OP/USDC.e) with $632.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $3,248 for the week. The second highest fee generator of the week is ‘Fantom Menace’ (sFTMx/wFTM) bringing in $1,882.
Protocol Revenue
During this past week, the protocol generated $10,830 in Swap fees. $10,455 was also generated via Yield Bearing tokens hosted on the protocol, of which, $4,576 flowed to the protocol as revenue. In total, $8,120 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 $7,000 of incentives were offered as Beets bounties.
Check out the last 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 $1,044,179 in the treasury, down $121,302 compared to the last Data Drop. $447,196 is held in liquid tokens whilst $596,983 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $405,401
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $120,962
- sFTMx/BEETS liquidity pool on Equalizer — $46,974
Optimism
The Beethoven X DAO holds $1,883,785 in treasury assets on Optimism, down $23,690 compared to the last Data Drop.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($533,544). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,189,616 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $625,905
- Roast Beets (rETH/lzBEETS) on Beethoven X —$238,141
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $189,312
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $136,254
Ethereum
The Treasury also holds over $822,970 of assets on Ethereum, down $9,604 compared to last week. This is predominantly in stablecoins ($320,380), although there is also $112,588 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $65,989
- veBAL pool (BAL/ETH) on Balancer —$46,435
Totals
This brings the Treasury’s total holdings to over $3,750,934 (Down 3.96% compared to the last Data Drop)
($2,768,498 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, 20,063,999 FTM is staked (+8.08% compared to the last Data Drop), with 262,501 FTM in the free pool. This brings the total to 20,326,500 FTM (+5.85%, with an overall value of $11,705,462).
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
