DA WEEKLY DATA DROP — #65
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 $25,653,160 (+2.11% compared to last week)
🔵 On FTM, TVL is $9,756,998 (+5.47%)
🔴 On OP, TVL is $15,896,162 (+0.15%)
Volume
The total volume for the previous week is $28,723,479 (-5.97% compared to last week).
🔵 On Fantom, Volume totaled $5,875,074 (+69.05%)
🔴 On Optimism, Volume totaled $22,848,405 (-15.60%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $9.98K in swap fees and $11.36K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 28.6% of the weekly swap fees, totalling $1,439. This was followed by ‘Fantom Menace’ (sFTMx/wFTM) which generated $612.
Optimism
This week on OP, ‘A Night at the OPara’ (OP/PSP) has pulled in the most swap fees for liquidity providers, generating a total of $1,118 for the week. This was followed by ‘Blue Rev’ (WETH/PSP) with $887.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $2,161 for the week. The second highest fee generator of the week is ‘Fantom Menace’ (sFTMx/wFTM) bringing in $1,532.
Protocol Revenue
During this past week, the protocol generated $9,982 in Swap fees. $7,630 was also generated via Yield Bearing tokens hosted on the protocol, of which, $3,284 flowed to the protocol as revenue. In total, $6,977 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.59.
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 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 $918,274 in the treasury, up $91,478 compared to last week. $373,472 is held in liquid tokens whilst $544,802 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $358,903
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $121,129
- sFTMx/BEETS liquidity pool on Equalizer — $38,639
Optimism
The Beethoven X DAO holds $1,705,757 in treasury assets on Optimism, up $179,813 compared to the last Data Drop.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($486,983). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,065,788 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $562,058
- Roast Beets (rETH/lzBEETS) on Beethoven X — $197,555
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $170,181
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $135,732
Ethereum
The Treasury also holds over $749,521 of assets on Ethereum, up $28,910 compared to last week. This is predominantly in stablecoins ($281,420), although there is also $112,492 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $69,832
- veBAL pool (BAL/ETH) on Balancer — $42,589
Totals
This brings the Treasury’s total holdings to over $ 3,373,552 (Up 9.77% compared to the last Data Drop)
($2,513,413 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, 21,984,625 FTM is staked (+8.11% compared to the last Data Drop), with 455,301 FTM in the free pool. This brings the total to 22,439,926 FTM (+6.42%), with an overall value of $10,835,792.
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
