Symphony of the Week: Fantom of the Opera

Dear friends and fellow Ludwigs! It is time for Symphony of The Week.

Disclaimer:

At Beethoven X we like to enjoy all kinds of music, rock, jazz, classical, and hip hop, each symphony is unique in its design. So while we may applaud the show, it doesn’t mean we think you should buy a ticket

About this Melody

This week we feature a symphony at the very heart of our Fantom showpiece.

It is our principal act and it has recently been getting a lot of attention from our loyal supporters. It's unique weighting between FTM-USDC is unmatched.… It’s none other than our beautifully written Fantom of the Opera!

Performance

Trade volume began the week with $247K (August 20). The following day (August 21) saw volume decrease by 34% to 163k. This value was the low for the week. The next four days saw volume move between $180k — $220k per day. The last day of the week (August 26) saw volume more than double, reaching the high for the week of $381k.

Rewards

As Swap Fee APR is a product of volume and TVL, the decline in volume on August 21 resulted in a Swap APR of 4.61%, the low for the week. The activity on August 26 drove the Swap fee APR up to 11.67%

Fantom of the Opera also receives BEETs rewards from both liquidity mining and voter incentives. BEETs rewards APR stayed consistently above 14.5%, and the variation in returns was driven primarily by the changes in BEETs price and the varying block speeds on the network.

Comparison

On the Fantom network, over the 7 days Fantom of the Opera Ranked:

  • 2nd for volume
  • 3rd for Average TVL
  • Top 20 for utilization rate
  • Top 20 for Revenue: TVL
  • Top 20 for Protocol Fees: Emissions

The average utilization rate over the period was 7.12% with a low of 5.06% (August 21) and a high of 12.79%% (August 26).

The average Swap Fee: Emissions Ratio was 0.06, with a low of 0.25 (August 21) and a high of 0.79 (August 26)

Conclusion

Fantom of the Opera was one of our first pools but remains one of our favorites. A place where Ludwigs can enjoy a melody available nowhere else.

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