DA WEEKLY DATA DROP — #9
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 $68,297,800
🔵 On FTM, TVL is $29,329,136
🔴 On OP, TVL is $38,968,664
Volume
The total volume for the previous week is $25,651,685
🔵 On Fantom, Volume totaled $14,157,127
🔴 On Optimism, Volume totaled $11,494,558
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $22.90K in swap fees and $7.29K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, the A Late Quartet (wBTC/wETH/FTM/USDC) has generated 38% of the weekly swap fees totaling $6,896.
Optimism
Once again, on OP, the Bonded Oath Token pool has pulled in the most swap fees for liquidity providers, generating a total of $1,206 for the week.
Protocol Revenue
During this past week, the protocol generated $22,900 in Swap fees. Total protocol fees for the week came in at $15,441.
Compared to last week, swap fees and revenue are up $191 and $136 respectively.
During the last week, $18,265 was generated via Yield Bearing tokens hosted on the protocol, of which, $8,695 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio ends the week at 2.66!
Here’s to another week CASH FLOW POSITIVE!
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, roughly 137,482 BEETS were 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 $1,418,898 in the Treasury wallet.
The Fantom wallet is down compared to last week due to $303k USDC being bridged to ETH, a $35k monthly DAO payment, and a $115k Balancer service provider payment *
*Balancer pays the Beethoven X DAO on Ethereum, with the recent multichain news, payment was utilized on Fantom with the remaining USDC funds left in the Ethereum wallet.
100% of all funds on Fantom are actively farming in LP positions.
Top DAO Farming positions on Fantom
- A Late Quartet (BTC/ETH/FTM/USDC) on Beethoven X — $397,470
- Steady Beets (USDC/DAI) on Beethoven X — $288,453
- A Late Quartet (BTC/ETH/FTM/USDC) on LiquidDriver — $265,859
Optimism
The Beethoven X DAO holds $1,074,998 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($589,387). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, over $448,432 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X — $332,170
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,082
- Here comes the Sonne (USDC/DAI/USDT) on Beethoven X — $32,178
Ethereum
The Treasury also holds over $535,432 of assets on Ethereum.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $52,659
- veBAL on Balancer — $34,973
- auraBAL in the auraBAL auto-compounder on Aura Finance — $28,993
This brings the Treasury’s total holdings to over $ 3,049,497 (down 4.97% since last week)
($ 2,156,187 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
