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 $20,560,613 (+1.22% compared to last week.)
🔵 On FTM, TVL is $4,765,997
🔴 On OP, TVL is $15,794,616
Volume
The total volume for the previous week is $6,426,992
🔵 On Fantom, Volume totaled $458,364
🔴 On Optimism, Volume totaled $5,968,629
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $3.52K in swap fees and $3.41K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘A Late Quartet’ (multiUSDC/wFTM/multiWBTC/multiWETH) has generated 25.9% of the weekly swap fees totaling $413.
Optimism
This week on OP, the ‘Rocket Fuel’ (WETH/rETH) pool has pulled in the most swap fees for liquidity providers, generating a total of $444 for the week.
Yield Capture
Across both chains, ‘Gyroscope ECLP wstETH/WETH’ has captured users the most in Yield fees, bringing in $2,378 for the week. The second highest fee generator of the week is ‘Rocket Fuel’ bringing in $2,232.
Protocol Revenue
During this past week, the protocol generated $3,521 in Swap fees. $5,318 was also generated via Yield Bearing tokens hosted on the protocol, of which, $2,548 flowed to the protocol as revenue. In total, $3,892 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 1.38.
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 latest gauge vote, over 105,000 BEETS have been 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 $475,880 in the Treasury wallet. Up 1.99% compared to last week.
On Fantom, the DAO currently has $207,936 actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Fantom Layer of the Opera (FTM/USDC) on Beethoven X — $193,397
- BEETS Liquidity Pool on Tarot — $9,537
- Locked LQDR pool on Liquid Driver — $5,001
Optimism
The Beethoven X DAO holds $1,048,535 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($510,980). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $469,943 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $296,344
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $89,442
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,155
Ethereum
The Treasury also holds over $974,499 of assets on Ethereum. This is predominantly in stablecoins ($673,310), although there is also $72,047 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $48,164
- veBAL pool (BAL/ETH) on Balancer — $23,642
Totals
This brings the Treasury’s total holdings to over $2,498,914 (up 2.25% since last week)
($1,851,199 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
