# Abracadabra DAO Bi-Weekly Update 2024-07-29 **URL:** \ **Category:** Biweekly Updates (STIP)\ **Created:** [July 30, 2024, 10:44am UTC](https://forum.arbitrum.foundation/t/abracadabra-dao-bi-weekly-update-2024-07-29/25987 "2024-07-30T10:44:01Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![Romy](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/romy/32/3261_2.png) [@Romy](https://forum.arbitrum.foundation/u/Romy)\ **Post date:** [July 30, 2024, 10:44am UTC](https://forum.arbitrum.foundation/t/abracadabra-dao-bi-weekly-update-2024-07-29/25987/1 "2024-07-30T10:44:01Z")
## 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](https://arbiscan.io/address/0xc30911b52b5752447ab08615973e434c801cd652) | [MagicLP MIM-USDT](https://arbiscan.io/address/0x236b9ee6f185dc8b70d8bd3649f40ec37688c1ab) | 35k ARB | | [MultiReward](https://arbiscan.io/address/0x280c64c4c4869cf2a6762eadd4701360c1b11f97) | [MagicLP MUM-USDC](https://arbiscan.io/address/0x8279699d397ed22b1014fe4d08ffd7da7b3374c0) | 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](https://dune.com/abracadabra_money/arbitrum-abracadabra-stip-metrics) ### 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](https://arbiscan.io/address/0xc30911b52b5752447ab08615973e434c801cd652) | [MagicLP MIM-USDT](https://arbiscan.io/address/0x236b9ee6f185dc8b70d8bd3649f40ec37688c1ab) | Around 45k ARB | | [MultiReward](https://arbiscan.io/address/0x280c64c4c4869cf2a6762eadd4701360c1b11f97) | [MagicLP MUM-USDC](https://arbiscan.io/address/0x8279699d397ed22b1014fe4d08ffd7da7b3374c0) | 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. ---
**Author:** ![Romy](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/romy/32/3261_2.png) [@Romy](https://forum.arbitrum.foundation/u/Romy)\ **Post date:** [August 18, 2024, 5:13pm UTC](https://forum.arbitrum.foundation/t/abracadabra-dao-bi-weekly-update-2024-07-29/25987/2 "2024-08-18T17:13:30Z")
## Abracadabra DAO - MIMSwap Bi-Weekly Update 2024-08-12 ### Recap of the Previous Two Weeks ARB Received Last Disbursement: **125k $ARB** ARB Utilized as Incentives in the Last Two Weeks _(from 2024-07-29 to 2024-08-11)_: **135k $ARB** Contracts incentivized over the last 2 weeks: | Reward Contract | Incentivized Pool | Amount Incentivized | | --- | --- | --- | | [MultiReward](https://arbiscan.io/address/0xc30911b52b5752447ab08615973e434c801cd652) | [MagicLP MIM-USDT](https://arbiscan.io/address/0x236b9ee6f185dc8b70d8bd3649f40ec37688c1ab) | 45k ARB | | [MultiReward](https://arbiscan.io/address/0x280c64c4c4869cf2a6762eadd4701360c1b11f97) | [MagicLP MUM-USDC](https://arbiscan.io/address/0x8279699d397ed22b1014fe4d08ffd7da7b3374c0) | 90k ARB | #### Contract address label Form completed for all addresses: **Yes** #### ARB left over: 270k $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: 15.1M $USD Average daily transactions: 64 Average daily volumes: 24k $USD Number of unique user addresses: 128 Transaction fees: 0.0596 ETH (3.24 USD) Link to Dashboard showing metrics: [Dune Dashbaord](https://dune.com/abracadabra_money/arbitrum-abracadabra-stip-metrics) ### Plan For the Next Two Weeks #### Amount of ARB to be distributed: 150k-200k #### Contracts that will be incentivized: | Reward Contract | Incentivized Pool | Amount Planned | | --- | --- | --- | | [MultiReward](https://arbiscan.io/address/0xc30911b52b5752447ab08615973e434c801cd652) | [MagicLP MIM-USDT](https://arbiscan.io/address/0x236b9ee6f185dc8b70d8bd3649f40ec37688c1ab) | 50k ARB | | [MultiReward](https://arbiscan.io/address/0x280c64c4c4869cf2a6762eadd4701360c1b11f97) | [MagicLP MUM-USDC](https://arbiscan.io/address/0x8279699d397ed22b1014fe4d08ffd7da7b3374c0) | 100k 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 incentivizing the MIM liquidity. #### Summary of changes to the original plan: No changes ---
**Author:** ![Romy](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/romy/32/3261_2.png) [@Romy](https://forum.arbitrum.foundation/u/Romy)\ **Post date:** [August 29, 2024, 3:23pm UTC](https://forum.arbitrum.foundation/t/abracadabra-dao-bi-weekly-update-2024-07-29/25987/3 "2024-08-29T15:23:15Z")
## Abracadabra DAO - MIMSwap Bi-Weekly Update 2024-08-26 ### Recap of the Previous Two Weeks ARB Received Last Disbursement: **125k $ARB** ARB Utilized as Incentives in the Last Two Weeks _(from 2024-08-12 to 2024-08-25)_: **165k $ARB** Contracts incentivized over the last 2 weeks: | Reward Contract | Incentivized Pool | Amount Incentivized | | --- | --- | --- | | [MultiReward](https://arbiscan.io/address/0xc30911b52b5752447ab08615973e434c801cd652) | [MagicLP MIM-USDT](https://arbiscan.io/address/0x236b9ee6f185dc8b70d8bd3649f40ec37688c1ab) | 55k ARB | | [MultiReward](https://arbiscan.io/address/0x280c64c4c4869cf2a6762eadd4701360c1b11f97) | [MagicLP MUM-USDC](https://arbiscan.io/address/0x8279699d397ed22b1014fe4d08ffd7da7b3374c0) | 110k ARB | #### Contract address label Form completed for all addresses: **Yes** #### ARB left over: 230k $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: 15.6M $USD Average daily transactions: 36.5 Average daily volumes: 18.6k $USD Number of unique user addresses: 100 Transaction fees: 0.0012 ETH (1.5 USD) Link to Dashboard showing metrics: [Dune Dashbaord](https://dune.com/abracadabra_money/arbitrum-abracadabra-stip-metrics) ### Plan For the Next Two Weeks #### Amount of ARB to be distributed: [Insert amount of ARB] #### Contracts that will be incentivized: | Reward Contract | Incentivized Pool | Amount Planned | | --- | --- | --- | | [MultiReward](https://arbiscan.io/address/0xc30911b52b5752447ab08615973e434c801cd652) | [MagicLP MIM-USDT](https://arbiscan.io/address/0x236b9ee6f185dc8b70d8bd3649f40ec37688c1ab) | 60k ARB | | [MultiReward](https://arbiscan.io/address/0x280c64c4c4869cf2a6762eadd4701360c1b11f97) | [MagicLP MUM-USDC](https://arbiscan.io/address/0x8279699d397ed22b1014fe4d08ffd7da7b3374c0) | 120k 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 incentivizing the MIM liquidity. #### Summary of changes to the original plan: The DAO is focusing much more on growing MIM liquidity on MIMSwap rather than other intiatives following the big success achieved and growth in TVL. ---
**Author:** ![Romy](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/romy/32/3261_2.png) [@Romy](https://forum.arbitrum.foundation/u/Romy)\ **Post date:** [October 1, 2024, 10:51am UTC](https://forum.arbitrum.foundation/t/abracadabra-dao-bi-weekly-update-2024-07-29/25987/4 "2024-10-01T10:51:54Z")
## Abracadabra DAO - MIMSwap Bi-Weekly Update 2024-09-09 ### Recap of the Previous Two Weeks ARB Received Last Disbursement: **125k $ARB** ARB Utilized as Incentives in the Last Two Weeks _(from 2024-08-26 to 2024-09-08)_: **230k $ARB** Contracts incentivized over the last 2 weeks: | Reward Contract | Incentivized Pool | Amount Incentivized | | :-------------- | :---------------- | ------------------: | | [MultiReward](https://arbiscan.io/address/0xc30911b52b5752447ab08615973e434c801cd652) | [MagicLP MIM-USDT](https://arbiscan.io/address/0x236b9ee6f185dc8b70d8bd3649f40ec37688c1ab) | 75k ARB | | [MultiReward](https://arbiscan.io/address/0x280c64c4c4869cf2a6762eadd4701360c1b11f97) | [MagicLP MUM-USDC](https://arbiscan.io/address/0x8279699d397ed22b1014fe4d08ffd7da7b3374c0) | 155k ARB | #### Contract address label Form completed for all addresses: **Yes** #### ARB left over: 125k $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: 24M $USD Average daily transactions: 74 Average daily volumes: 408k $USD Number of unique user addresses: 197 Transaction fees: 0.003 ETH (1.65 USD) Link to Dashboard showing metrics: [Dune Dashbaord](https://dune.com/abracadabra_money/arbitrum-abracadabra-stip-metrics) ### Plan For the Next Two Weeks #### Amount of ARB to be distributed: [Insert amount of ARB] #### Contracts that will be incentivized: | Reward Contract | Incentivized Pool | Amount Planned | | :-------------- | :---------------- | ------------------: | | [MultiReward](https://arbiscan.io/address/0xc30911b52b5752447ab08615973e434c801cd652) | [MagicLP MIM-USDT](https://arbiscan.io/address/0x236b9ee6f185dc8b70d8bd3649f40ec37688c1ab) | 82,500 ARB | | [MultiReward](https://arbiscan.io/address/0x280c64c4c4869cf2a6762eadd4701360c1b11f97) | [MagicLP MUM-USDC](https://arbiscan.io/address/0x8279699d397ed22b1014fe4d08ffd7da7b3374c0) | 42,500 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 incentivizing the MIM liquidity. #### Summary of changes to the original plan: No changes ---
**Author:** ![Romy](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/romy/32/3261_2.png) [@Romy](https://forum.arbitrum.foundation/u/Romy)\ **Post date:** [October 1, 2024, 10:52am UTC](https://forum.arbitrum.foundation/t/abracadabra-dao-bi-weekly-update-2024-07-29/25987/5 "2024-10-01T10:52:09Z")
## Abracadabra DAO - MIMSwap Bi-Weekly Update 2024-09-23 ### Recap of the Previous Two Weeks ARB Received Last Disbursement: **0 $ARB** ARB Utilized as Incentives in the Last Two Weeks _(from 2024-09-09 to 2024-09-22)_: **125k $ARB** Contracts incentivized over the last 2 weeks: | Reward Contract | Incentivized Pool | Amount Incentivized | | :-------------- | :---------------- | ------------------: | | [MultiReward](https://arbiscan.io/address/0xc30911b52b5752447ab08615973e434c801cd652) | [MagicLP MIM-USDT](https://arbiscan.io/address/0x236b9ee6f185dc8b70d8bd3649f40ec37688c1ab) | 42,500 ARB | | [MultiReward](https://arbiscan.io/address/0x280c64c4c4869cf2a6762eadd4701360c1b11f97) | [MagicLP MUM-USDC](https://arbiscan.io/address/0x8279699d397ed22b1014fe4d08ffd7da7b3374c0) | 82,500 ARB | #### Contract address label Form completed for all addresses: **Yes** #### ARB left over: 0 $ARB #### Plan for leftover ARB: The plan has been executed successfully #### 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: 13M $USD Average daily transactions: 88 Average daily volumes: 458k $USD Number of unique user addresses: 224 Transaction fees: 0.0026 ETH (2.4 USD) Link to Dashboard showing metrics: [Dune Dashbaord](https://dune.com/abracadabra_money/arbitrum-abracadabra-stip-metrics)