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 $35,725,252
🔵 On FTM, TVL is $11,600,017
🔴 On OP, TVL is $24,125,235
Volume
The total volume for the previous week is $10,447,141
🔵 On Fantom, Volume totaled $2,248,269
🔴 On Optimism, Volume totaled $8,198,873
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $8.49K in swap fees and $2.58K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, the A Late Quartet (wBTC/wETH/FTM/USDC) has generated 33.5% of the weekly swap fees totaling $1,960.
Optimism
This week, on OP, the ‘Rocket Fuel’ pool has pulled in the most swap fees for liquidity providers, generating a total of $848 for the week.
Yield Capture
On Optimism, Rocket Fuel has captured users the most in Yield fees, bringing in $7,569 for the week. The second highest fee generator of the week is Shanghai Shakedown.
Protocol Revenue
During this past week, the protocol generated $8,486 in Swap fees. $10,202 was also generated via Yield Bearing tokens hosted on the protocol, of which, $4,363 flowed to the protocol as revenue.
In total, $6,989 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 2.14.
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 215,000 BEETS were offered as BEETS bounties.
This round it was decided to include Music Directors’ distribution option in the vote and place all bounties from Beethoven X there. The emissions determined by that option will be decided by Music Directors and may be shifted during the epoch as possible new partnerships and/or partnership pools arise. This will be the only uncapped pool this round.
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 $492,967 in the Treasury wallet.
Down compared to last week by roughly $50k.
Top DAO Farming positions on Fantom
- BEETS Liquidity Pool on Tarot — $14,755
- Locked LQDR pool on Liquid Driver — $6,544
Optimism
The Beethoven X DAO holds $1,060,836 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($575,073). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $454,661 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X — $330,085
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,074
- House of the rising Sonne(USDC/DAI/USDT) on Beethoven X — $32,435
Ethereum
The Treasury also holds over $1,382,750 of assets on Ethereum.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $81,407
- veBAL pool (BAL/ETH) on Balancer — $30,692
Totals
This brings the Treasury’s total holdings to over $2,936,553 (down 3.22% since last week)
( $2,158,550 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
