Bust a move and get your groove on.
It’s time to get down with da weekly BEETS da-da-da-data!
BEETs Special Broadcast
Due to the recent Multichain drama, this week’s edition of the DataDrop will only report on the Optimism and treasury numbers. The de-pegging of Multichain assets has caused a discrepancy in the subgraph pricing of some Beets assets in relation to their liquidity pairs. As the Multichain assets are losing value, it is showing an increase in the paired token while showing the stable asset as higher than it is. As a result, lookerstudios is displaying inflated and inaccurate numbers, so these will therefore be excluded from this week’s drop. We’re looking to resolve this issue ASAP and hope to return to regular reading next week. Thank you for your support!
TVL
🔴 On OP, TVL is $31,006,237
Volume
🔴 On Optimism, Volume totaled $12,523,970
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $3.32K in swap fees and $1.54K in BEETS incentives on Optimism.
Pool Performance
Optimism
This week, on OP, the ‘Shanghai Shakedown’ pool has pulled in the most swap fees for liquidity providers, generating a total of $856 for the week.
Yield Capture
On Optimism, Rocket Fuel has captured users the most in Yield fees, bringing in $8,715 for the week. The second highest fee generator of the week is Shanghai Shakedown.
Protocol Revenue (Optimism Only)
During this past week, the protocol generated $3,318 in Swap fees. $11,127 was also generated via Yield Bearing tokens hosted on the protocol, of which, $5,072 flowed to the protocol as revenue.
From Optimism, $6,644 flowed to the protocol as revenue.
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.
This week an emergency vote to alter the gauge vote results was passed. This proposal only applied the gauge vote results to pools without any multichain bridged assets (based on normal gauge vote rules).
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 $699,923 in the Treasury wallet.
Up compared to last week by roughly $66K
Top DAO Farming positions on Fantom
- BEETS Liquidity Pool on Tarot — $23,420
- Locked LQDR pool on Liquid Driver — $9,108
- Pirate’s Paradise (LQDR/wFTM/USDC) on Beethoven X — $4,850
Optimism
The Beethoven X DAO holds $1,083,374 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($556,414). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, over $486,129 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X — $353,431
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,167
- House of the rising Sonne(USDC/DAI/USDT) on Beethoven X — $32,426
Ethereum
The Treasury also holds over $1,426,233 of assets on Ethereum.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $99,812
- veBAL pool (BAL/ETH) on Balancer — $33,690
Totals
This brings the Treasury’s total holdings to over $ 3,209,530 (up 6.95% since last week)
($2,328,685 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
