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 $21,488,421 (-3.08% compared to last week.)
🔵 On FTM, TVL is $4,711,718
🔴 On OP, TVL is $16,776,703
Volume
The total volume for the previous week is $3,817,507
🔵 On Fantom, Volume totaled $206,178
🔴 On Optimism, Volume totaled $3,611,328
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $2.60K in swap fees and $2.58K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Fantom Layer of the Opera’ (wFTM/lzUSDC) has generated 35.3% of the weekly swap fees totaling $369.
Optimism
This week on OP, for the second week running, the ‘Sonata for Two: DOLA & USDC’ pool has pulled in the most swap fees for liquidity providers, generating a total of $488 for the week. A total of 31.5% of the total Optimism swap fees.
Yield Capture
Across both chains, ‘Gyroscope ECLP wstETH/WETH’ has captured users the most in Yield fees, bringing in $3,723 for the week. The second highest fee generator of the week is ‘Rocket Fuel’ bringing in $2,051.
Protocol Revenue
During this past week, the protocol generated $2,596 in Swap fees. $6,529 was also generated via Yield Bearing tokens hosted on the protocol, of which, $3,152 flowed to the protocol as revenue. In total, $4,175 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 2.04.
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.
Recently the Beethoven X DAO passed a BIP to change gauge bounties from BEETS to Fantom Layer of the Opera BPTs!
In the latest gauge vote, over 2,000 BPTs were offered as 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 $457,373 in the Treasury wallet. Down 5.37% compared to last week.
On Fantom, the DAO currently has $203,164 actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Fantom Layer of the Opera (FTM/USDC) on Beethoven X — $189,701
- BEETS Liquidity Pool on Tarot — $8,826
- Locked LQDR pool on Liquid Driver — $4,633
Optimism
The Beethoven X DAO holds $959,219 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($450,920). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $441,332 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $274,371
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $82,787
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,169
Ethereum
The Treasury also holds over $925,610 of assets on Ethereum. This is predominantly in stablecoins ($634,362), although there is also $72,954 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $51,364
- veBAL pool (BAL/ETH) on Balancer — $21,427
Totals
This brings the Treasury’s total holdings to over $2,342,202 (down 5.71% since last week)
($1,764,691 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
