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 $46,294,671
🔵 On FTM, TVL is $20,777,602
🔴 On OP, TVL is $25,517,069
Volume
The total volume for the previous week is $22,121,420
🔵 On Fantom, Volume totaled $9,124,555
🔴 On Optimism, Volume totaled $12,996,865
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $27.18K in swap fees and $7.25K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, the A Late Quartet (wBTC/wETH/FTM/USDC) has generated 59.5% of the weekly swap fees totaling $13,451.
Optimism
This week, on OP, the Bonded Oath Token pool has pulled in the most swap fees for liquidity providers, generating a total of $1,549 for the week.
Yield Capture
Across both Fantom and Optimism, Rocket Fuel has captured the most in Yield fees, bringing in $3,708 for the week. The second highest fee generator is Shanghai Shakedown.
Protocol Revenue
During this past week, the protocol generated $27,178 in Swap fees. $13,680 was also generated via Yield Bearing tokens hosted on the protocol, of which, $4,859 flowed to the protocol as revenue.
In total, $12,533 flowed to the protocol as revenue, up $2,357 compared to last week.
This week our Protocol Fee to BEETS ratio ends the week at 3.02!
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 250,000 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 $633,843 in the Treasury wallet.
Up compared to last week by roughly $86.7k.
Top DAO Farming positions on Fantom
- BEETS Liquidity Pool on Tarot — $21,859
- Locked LQDR pool on Liquid Driver — $8,136
- Pirate’s Paradise (LQDR/wFTM/USDC) on Beethoven X — $5,013
Optimism
The Beethoven X DAO holds $968,059 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($478,052). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, over $452,579 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X — $328,019
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,139
- House of the rising Sonne(USDC/DAI/USDT) on Beethoven X — $32,374
Ethereum
The Treasury also holds over $1,399,110 of assets on Ethereum.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $93,755
- veBAL pool (BAL/ETH) on Balancer — $31,256
This brings the Treasury’s total holdings to just over $ 3,001,012 (down 5.42% since last week)
($ 2,294,706 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
