Symphony of the Week: Tubular Bells: Curved and Linked

Dear Friends and Fellow Ludwigs,

Welcome to Symphony of the Week!

About this Melody

This week we feature a pool that’s a nod to Mike Oldfield. Considered to be one of the best experimental progressive rock albums, this week we enjoy the unique sounds of Tubular Bells: Curved and Linked

Performance

Trade volume began the week with $55K (May 21) and continued growing through the week to reach a high of $59k (May 23). After that volumes tailed off reaching a low for the week of 17k ( May 25), it then recovered closing the week at 48k.

TVL saw greater than 205 movements on certain days but started the week ($309k) and ended the week ($285k) with similar amounts. TVL grew the most on the 22nd with an increase of $61k and experienced the largest decrease on the 23rd with a $57k drop.

Rewards

The pool experienced a fairly steady APR from BEETS rewards, ranging from 5.29% (May 22) to 6.31% (May 25). Swap fee APR followed the growth of trade volume and reached a high of 34.17% (23 May) and low of 9.81% (May 25). Average pool APR for the week was 31.5%.

Comparison

Amongst all non-boosted pools during the week, this pool ranked in the top 20 for volume. Additionally, throughout the week the Swap Fee to TVL ratio was greater than 1. This means that fees generated to liquidity providers and the protocol, exceed the value of BEETS emissions. The pool ranked 15th for utilization rate for all non-boosted pools with a TVL > $100k.

Conclusion

This week we heard from a pool that shows that unusual pairing can make beautiful music. In DeFi, we are fortunate enough to have many instruments to try combinations. Things can get strange here, but this is also an opportunity to enjoy songs outside the norm. Tune in next time to see what else is playing!

Not Financial Advice

This feature should under no circumstances be considered financial advice. Each Beethoven X pool is unique and carries the risks of all the underlying digital assets. Featuring on the Symphony of the Week is only a review of past performance. It doesn’t not represent an endorsement of any of the protocols or their digital assets. Beethoven X users should only invest according to their individual risk limits.

Remember that a liquidity pool is only as good as its weakest token. If a token were blacklisted, infinitely minted, frozen, or exploited in any other way, the value of a pool could go to 0. Beethoven X is never liable for losses incurred through using our UI or the Beethoven X protocol. Be careful, and do your own research.

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