DA WEEKLY DATA DROP — #66
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 $29,649,100 (+15.58% compared to last week)
🔵 On FTM, TVL is $10,128,883 (+3.81%)
🔴 On OP, TVL is $19,520,217 (+22.80%)
Volume
The total volume for the previous week is $24,960,472 (-13.10% compared to last week).
🔵 On Fantom, Volume totaled $2,985,109 (-49.19%)
🔴 On Optimism, Volume totaled $21,975,363 (-3.82%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $7.04K in swap fees and $11.69K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 20% of the weekly swap fees, totalling $761. This was followed by ‘Dropping the fBOMB!’ (fBOMB/wFTM) which generated $559.
Optimism
This week on OP, ‘Gyroscope ECLP wstETH/WETH’ has pulled in the most swap fees for liquidity providers, generating a total of $813 for the week. This was followed by ‘Happy Road’ (WETH/OP/USDC.e) with $377.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $2,361 for the week. The second highest fee generator of the week is ‘Fantom Menace’ (sFTMx/wFTM) bringing in $1,757.
Protocol Revenue
During this past week, the protocol generated $7,038 in Swap fees. $8,241 was also generated via Yield Bearing tokens hosted on the protocol, of which, $3,512 flowed to the protocol as revenue. In total, $6,060 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 0.83.
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 $931,291 in the treasury, up $13,017 compared to last week. $383,935 is held in liquid tokens whilst $547,356 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $362,119
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $121,162
- sFTMx/BEETS liquidity pool on Equalizer —$39,869
Optimism
The Beethoven X DAO holds $1,839,211 in treasury assets on Optimism, up $133,454 compared to the last Data Drop.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($529,889). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,151,962 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $617,986
- Roast Beets (rETH/lzBEETS) on Beethoven X — $210,309
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $187,338
- Native Stable Beets (USDC/USDC.e/USDT/DAI) —$135,956
Ethereum
The Treasury also holds over $799,733 of assets on Ethereum, up $50,212 compared to last week. This is predominantly in stablecoins ($281,432), although there is also $119,826 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $74,233
- veBAL pool (BAL/ETH) on Balancer — $45,025
Totals
This brings the Treasury’s total holdings to over $3,570,235 (Up 5.83% compared to the last Data Drop)
($2,643,651 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, 21,984,683 FTM is staked (+0.00% compared to the last Data Drop), with 504,491 FTM in the free pool. This brings the total to 22,489,174 FTM (+0.22%, with an overall value of $10,990,077.
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
