DA WEEKLY DATA DROP — #67
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 $28,483,782 (-3.93% compared to last week)
🔵 On FTM, TVL is $9,328,090 (-7.91%)
🔴 On OP, TVL is $19,155,692 (-1.87%)
Volume
The total volume for the previous week is $17,084,968 (-31.55% compared to last week).
🔵 On Fantom, Volume totaled $3,446,644 (+15.46%)
🔴 On Optimism, Volume totaled $13,638,324 (-37.94%)
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $7.19K in swap fees and $8.05K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 22% of the weekly swap fees, totalling $1,044. This was followed by ‘Fantom Menace’ (sFTMx/wFTM) which generated $512.
Optimism
This week on OP, ‘Gyroscope ECLP wstETH/WETH’ has pulled in the most swap fees for liquidity providers, generating a total of $449 for the week. This was followed by ‘Happy Road’ (WETH/OP/USDC.e) $369.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH) has captured users the most in Yield fees, bringing in $2,286 for the week. The second highest fee generator of the week is ‘Fantom Menace’ (sFTMx/wFTM) bringing in $1,724.
Protocol Revenue
During this past week, the protocol generated $7,187 in Swap fees. $9,580 was also generated via Yield Bearing tokens hosted on the protocol, of which, $3,987 flowed to the protocol as revenue. In total, $6,530 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 1.14.
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 $10,000 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 $878,084 in the treasury, down $53,207 compared to last week. $354,847 is held in liquid tokens whilst $523,237 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $342,879
- Trio of the Stables (lzUSDC/axlUSDC/USDC.e) on Beethoven X — $121,197
- sFTMx/BEETS liquidity pool on Equalizer — $36,802
Optimism
The Beethoven X DAO holds $1,731,892 in treasury assets on Optimism, down $107,319 compared to the last Data Drop.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($490,271). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $1,086,977 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $579,614
- Roast Beets (rETH/lzBEETS) on Beethoven X — $194,951
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $175,897
- Native Stable Beets (USDC/USDC.e/USDT/DAI) — $136,166
Ethereum
The Treasury also holds over $799,678 of assets on Ethereum, down $55 compared to last week. This is predominantly in stablecoins ($281,442), although there is also $115,521 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $72,383
- veBAL pool (BAL/ETH) on Balancer — $42,738
Totals
This brings the Treasury’s total holdings to over $3,409,654 (Down 4.50% compared to the last Data Drop)
($2,521,575 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, 22,484,857 FTM is staked (+2.28% compared to the last Data Drop), with 68,314 FTM in the free pool. This brings the total to 22,553,171 FTM (+0.28%, with an overall value of $10,239,523.
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
