Abracadabra DAO - MIMSwap Bi-Weekly Update 2024-07-29
Recap of the Previous Two Weeks
ARB Received Last Disbursement: 375k ARB
ARB Utilized as Incentives in the Last Two Weeks (from 2024-07-15 to 2024-07-28): 95k $ARB
Contracts incentivized over the last 2 weeks:
| Reward Contract | Incentivized Pool | Amount Incentivized |
|---|---|---|
| MultiReward | MagicLP MIM-USDT | 35k ARB |
| MultiReward | MagicLP MUM-USDC | 60k ARB |
Contract address label Form completed for all addresses: Yes
ARB left over: 280k $ARB
Plan for leftover ARB:
Continue the use following the plan.
Summary of incentives:
Following our proposal, the Abracadabra DAO has started incentivizing 2 MIMSwap Pools (MIM-USDT and MIM-USDC)
Additional Info / Disclosures to Multisig: N/A
STATS
Average daily TVL: 13.8M $USD
Average daily transactions: 118
Average daily volumes: 175k $USD
Number of unique user addresses: 174
Transaction fees: 0.005 ETH
Link to Dashboard showing metrics: Dune Dashbaord
Plan For the Next Two Weeks
Amount of ARB to be distributed: To be decided, ideally scaling up as liqudiity is used.
Contracts that will be incentivized:
| Reward Contract | Incentivized Pool | Amount Planned |
|---|---|---|
| MultiReward | MagicLP MIM-USDT | Around 45k ARB |
| MultiReward | MagicLP MUM-USDC | Around 80k ARB |
Contract address label Form completed for all addresses: YES
Mechanism for distribution incentives:
The MultiReward contract receives $SPELL and $ARB incentives and distributes them proportionally to the liquidity deposited.
Summary of incentives plan:
Continue incentivising the MIM liquidity.
Summary of changes to the original plan:
Focusing more on the growth of MIMswap, as the TVL acquired in this 2 weeks crossed already the 10m mark.