DA WEEKLY DATA DROP — #74
Bust a move and get ya 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 $25,044,737 (+10.07% compared to last week)
On FTM, TVL is $9,913,923.14 (+19.90%)
On OP, TVL is $15,130,813.62 (+2.16%)
Volume
The total volume for the previous week is $17,358,542 (-35.98% compared to last week)
On Fantom, volume totaled $4,341,296 (+66.51% compared to last week)
On Optimism, volume totaled $13,017,246 (-46.89% compared to last week)
Liquidity Providers
What about our BEETiful Liquidity Providers?
During the past week, Liquidity providers earned $4.85k in swap fees and $5.23k in BEETS incentives across both Fantom and Optimism.
Pool performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 31.4% of the weekly swap fees, totaling $1,585.57. This was followed by ‘Fantom Menace’ on (sFTMx/wFTM) with $559.55.
Optimism
This week on OP, ‘Gyroscope ECLP’ (wstETH/WETH), remains on top by pulling in the most swap fees for liquidity providers, generating a total of $456.59 for the week.
This was followed by ‘Native Stable Beets’ (USDC/USDC.e/USDT/DAI) that just about scraped 2nd place with $219.30.
Yield Capture
Across both chains, ‘Fantom Menace’ (sFTMx/wFTM) has captured users the most Yield fees, bringing in $1,377.57 for the week. The second highest fee generator of the week is ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH), bringing in $1,353.09.
Protocol Revenue
During the past week, the protocol generated $7,077 in Swap fees. $7,574 was generated via Yield Bearing tokens hosted on the protocol, of which, $3,284 flowed to the protocol as revenue.
In total, $5,507 flowed to the protocol as revenue.
This week, our Protocol Fee to BEETS ratio rounds out at 0.93.
So, where does all the protocol revenue flow?
Two routes.
- Gauge Bounties
- Treasury
Gauge Bounties
A portion of all Beethoven X protocol fees flows back to our #maBEETS holders as Gauge Bounties on Fantom.
Round 71 of the Gauge vote opened on Thursday 12th September. This vote is to decide 50% of the $BEETS farm emissions for the period of 18th September to 1st October 2024!
To be among the voters, click this snapshot link:
Treasury
The remaining protocol revenue is utilized to build a sustainable Treasury to ensure longevity of Beethoven X. To ensure diversification, Beethoven holds treasury assets across 3 different chains.
Fantom
On Fantom, the DAO currently holds $932,375 in the treasury, up $147,622 compared to last week. $369,882 is held in liquid tokens whilst $562,493 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $365,356
- Trio of Stables (USDC/axlUSDC/USDC.e) on Beethoven X — $121,524
- sFTMx/BEETS liquidity pool on Equalizer- $38,937
Optimism
The Beethoven X DAO holds $1,443,713 in treasury assets on Optimism, up $87,966 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($423,560). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $865,704 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $416,919
- Roast BEETS (rETH/lzBEETS) ON Beethoven X — $185,462
- Native Stable Pools (USDC/USDC.e/USDT/DAI) — $136,213
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked on Aura) — $126,860
Ethereum
The Treasury also holds over $623,756 of assets on Ethereum, up $18,031 compared to last week. $200,530 are in stablecoins, although there is also $86,180 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $50,672
- veBAL pool (BAL/ETH) on Balancer — $35,371
Portfolio of 0xea06…0e26 | DeBank | The Real User Based Web3 Community
Totals
This brings the Treasury’s total holdings to $2,999,844 (up 9.24% compared to the last Data Drop)
($2,374,398 not including BEETS and OP tokens)
sFTMx
Currently, 21,817,943 FTM is staked (0.00% compared to last Data Drop), with 860,527 FTM in the free pool. This brings the total to 22,678,470 FTM (+1.65% compared to the last Data Drop), with an overall value of $10,495,359.
This week, the protocol has generated 2,244 FTM in revenue. This is split predominantly between maBEETS holders and the sFTMx Coalition participants, with the remaining distributed to Stader and the BEETS DAO treasury.
Outro
We’re Beetin’ N Bustin’ in this fine weather — did you groove to the data? Sweet! Until next week, Maestros.
You can keep up to date/interact in real-time with the analytic platforms below.
Love as always,
Beethoven X
