Bust a move and get your grooove on.
It’s time to get down with da weekly BEETS da-da-da-data!
TVL
Total TVL across both networks is currently $105.004 Million.
🔵 On FTM, TVL is sitting at $47.760 million.
🔴 On OP, TVL is sitting at $57.244 million.
Optimism TVL continues its rampant rise, up nearly 3x since the start of the year!
Volume
The total volume for the previous week was $30,301,863
🔵 On $FTM, Volume totalled $20,153,470.
🔴 On $OP, Volume totalled $10,148,393.
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $58.63K in swap fees and $25.12K in BEETS incentives across both Fantom and Optimism
Pool Performance
Fantom
Pools on the right are ordered from highest to lowest in terms of swap fees generated.
On Fantom, the Oats and Grain (GRAIN/OATH/FTM/USDC) pool has generated over double the fees of crowd favourite, A Late Quartet, totalling $15,928 in fees for the previous week.
Optimism
On OP, the Byte Mason Bonded Oath Token pool has seen a lot of interest with the launch of Ethos Reserve. This has led to the pool generating $7,560 in fees for the week.
Protocol Revenue
During this past week, 77,599 swaps generated $58,634 in Swap fees, of which $17,990 flowed to the protocol as revenue.
With a current Protocol Fee to BEETS ratio of 0.89, this revenue generation has ensured we continue our trend to a positive cash flow protocol!
Meaning, for every $1 in BEETS incentives emitted, we have generated $0.89 in protocol fees.
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 upcoming gauge vote, over 151,000 $BEETS will be offered as BEETS bounties, currently valued at $7,736.
Treasury
The remaining protocol revenue is utilised 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 hold $2.53 million in the Treasury wallet.
61.95% of this is actively farming in LP positions.
Top DAO Farming positions on Fantom
- A Late Quartet (BTC/ETH/FTM/USDC) on Beethoven X — $455,721
- A Late Quartet (BTC/ETH/FTM/USDC) on LiquidDriver — $306,327
- Steady Beets (USDC/DAI) on Beethoven X — $333,344
Optimism
The Beethoven X DAO holds $1.56 million in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($978,814). This OP grant is continuously paired with a portion of generated protocol fees to incentivise LPs on Beethoven X.
Besides the OP, over $425,000k is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X — $340,591
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,254
Additionally, from previous months’ protocol fees, an additional $15,766 has been deployed into Here Comes the Sonne (Sonne Boosted USDC/DAI/USDT ) on Beethoven X.
Ethereum
The Treasury also holds over $140,843 of assets on Ethereum.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $61,688
- veBAL on Balancer — $43,566.49
- auraBAL in the auraBAL autocompounder on Aura Finance — $34,815
This brings the Treasury’s total holdings to over $4,208,048 (Up 2.14% since last week.)
($2,559,008 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
