DA WEEKLY DATA DROP — #64
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 $25,123,913 (-15.57% compared to last week)
🔵 On FTM, TVL is $9,251,323 (-20.86%)
🔴 On OP, TVL is $15,872,590 (-12.14%)
Volume
The total volume for the previous week is $30,546,879 (+58.82% compared to last week).
🔵 On Fantom, Volume totaled $3,475,255 (-26.97%)
🔴 On Optimism, Volume totaled $27,071,624 (+87.02%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $7.53K in swap fees and $12.70K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 16.9% of the weekly swap fees, totalling $705. This was followed by ‘Fantom Menace’ (sFTMx/wFTM) which generated $576.
Optimism
This week on OP, ‘Gyroscope ECLP wstETH/WETH’ has pulled in the most swap fees for liquidity providers, generating a total of $985 for the week. This was followed by ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) with $386.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $2,372 for the week. The second highest fee generator of the week is ‘Fantom Menace’ (sFTMx/wFTM) bringing in $1,855.
Protocol Revenue
During this past week, the protocol generated $8,640 in Swap fees. $8,640 was also generated via Yield Bearing tokens hosted on the protocol, of which, $3,680 flowed to the protocol as revenue. In total, $6,306 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.65.
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 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 $826,796 in the treasury, down $201,468 compared to last week. $323,851 is held in liquid tokens whilst $502,945 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $325,526
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $121,090
- sFTMx/BEETS liquidity pool on Equalizer — $33,556
Optimism
The Beethoven X DAO holds $1,525,944 in treasury assets on Optimism, down $319,962 compared to the last Data Drop.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($382,480. This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $992,585 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $524,353
- Roast Beets (rETH/lzBEETS) on Beethoven X — $173,321
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $159,154
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $135,437
Ethereum
The Treasury also holds over $720,611 of assets on Ethereum, down $85,074 compared to last week. This is predominantly in stablecoins ($281,429), although there is also $101,032 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $61,473
- veBAL pool (BAL/ETH) on Balancer — $39,412
Totals
This brings the Treasury’s total holdings to over $3,073,351 (Down -16.48% compared to the last Data Drop)
($2,365,134 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, 20,334,609 FTM is staked (+0.00% compared to the last Data Drop), with 750,898 FTM in the free pool. This brings the total to 21,085,507 FTM (+1.79%), with an overall value of $8,980,107.
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
