DA WEEKLY DATA DROP — #8
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 $69,571,501
🔵 On FTM, TVL is $29,255,329
🔴 On OP, TVL is $40,316,172
Volume
The total volume for the previous week is $28,067,781
🔵 On Fantom, Volume totaled $16,282,359
🔴 On Optimism, Volume totaled $11,785,422
There is a considerable jump in volume on the 24th of May that comes down to the recent Multichain drama. On that day, the Steady Beets, Act 2 USDC DAI pool facilitated $4 million of swap volume.
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $22.71K in swap fees and $9.37K in BEETS incentives across both Fantom and Optimism. Again, due to this significant increase in volume, LPs saw a considerable increase in swap fees on the 24th May.
Pool Performance
Fantom
On Fantom, the A Late Quartet (wBTC/wETH/FTM/USDC) has generated 33.4% of the weekly swap fees totaling $6,239.
Optimism
On OP, the Bonded Oath Token pool has pulled in the most swap fees for liquidity providers, generating a total of $1,169 for the week.
Protocol Revenue
During this past week, the protocol generated $22,709 in Swap fees, up $1,764 since last week.
$18,192 has been captured from Yield Bearing tokens hosted on the protocol, of which, $8,779 flowed to the protocol as revenue.
Total protocol fees for the week came in at $15,305, down $26 since last week.
With the recent addition of Yield Bearing fees accounted for, Beethoven X is cashflow positive!
In fact, our Protocol Fee to BEETS ratio ends the week at 1.69! Meaning for every $1 emitted in BEETS incentives, the protocol has generated $1.69 in protocol fees.
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.
In the recent gauge vote, over 137,000 BEETS have been offered as BEETS bounties.
Treasury
The remaining protocol revenue is utilized to build a sustainable Treasury to ensure Beethoven X’s longevity. To ensure diversification, Beethoven holds treasury assets across 3 different chains.
Fantom
On Fantom, the DAO currently holds $1,917,785 in the Treasury wallet.
72.85% of this is actively farming in LP positions.
Top DAO Farming positions on Fantom
- A Late Quartet (BTC/ETH/FTM/USDC) on Beethoven X — $393,172
- Steady Beets (USDC/DAI) on Beethoven X — $288,438
- A Late Quartet (BTC/ETH/FTM/USDC) on LiquidDriver — $262,762
Optimism
The Beethoven X DAO holds $1,159,929 in Treasury assets on Optimism.
Please note that the treasury has staked in the latest gauge, and as Debank is yet to list the position, $317,590 is not shown on the graphic below.
The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($680,455). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, over $433,831 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X — $317,590
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,101
- Here comes the Sonne (USDC/DAI/USDT) on Beethoven X — $32,139
Ethereum
The Treasury also holds over $110,674 of assets on Ethereum.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $48,812
- veBAL on Balancer — $34,094
- auraBAL in the auraBAL auto-compounder on Aura Finance — $27,122
This brings the Treasury’s total holdings to over $ 3,202,557 (down 4.52% since last week)
($ 2,183,389 not including BEETS and OP tokens)
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
