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 $32,983,318
🔵 On FTM, TVL is $10,104,210
🔴 On OP, TVL is $22,879,108
Volume
The total volume for the previous week is $12,062,792
🔵 On Fantom, Volume totaled $1,923,027
🔴 On Optimism, Volume totaled $10,139,765
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $6.21K in swap fees and $3.57K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘A Late Quartet’ (wBTC/wETH/FTM/USDC) has generated 29.1% of the weekly swap fees totaling $868.29.
Optimism
This week, on OP, the ‘Rocket Fuel’ pool has pulled in the most swap fees for liquidity providers, generating a total of $1,284 for the week.
Yield Capture
On Optimism, ‘Rocket Fuel’ has captured users the most in Yield fees, bringing in $6,009 for the week. The second highest fee generator of the week is ‘Shanghai Shakedown’.
Protocol Revenue
During this past week, the protocol generated $6,213 in Swap fees. $9,145 was also generated via Yield Bearing tokens hosted on the protocol, of which, $4,057 flowed to the protocol as revenue.
In total, $6,264 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 1.23.
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 171,000 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 $591,541 in the Treasury wallet.
Up compared to last week by roughly $120k.
This is predominantly due to the bridging of $100k USDC as lzUSDC from the Ethereum treasury, which was paired with FTM and deposited in ‘Fantom Layer of the Opera’.
Top DAO Farming positions on Fantom
- Fantom Layer of the Opera on Beethoven X — $217,156
- BEETS Liquidity Pool on Tarot — $14,324
- Locked LQDR pool on Liquid Driver — $6,012
Optimism
The Beethoven X DAO holds $1,193,179 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($614,344). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $551,545 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $325,315
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $98,192
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,113
- House of the rising Sonne(USDC/DAI/USDT) on Beethoven X — $32,467
Ethereum
The Treasury also holds over $1,136,193 of assets on Ethereum.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $73,471
- veBAL pool (BAL/ETH) on Balancer — $29,055
Totals
This brings the Treasury’s total holdings to over $2,920,913 (down 1.52% since last week)
( $2,105,083 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
