dForce Bi-Weekly Update

dForce Bi-Weekly Update (1-Feb-2014)

dForce received a 1 million ARB grant through the STIP Backfund and initiated our incentive program on January 18, 2024.

During the first two weeks, dForce has observed substantial growth on Arbitrum across all metrics, such as TVL, user numbers, DEX liquidity, and more. dForce STIP incentives have been specifically directed towards supporting iUSX staking, lending activities on Unitus Finance, and providing liquidity on Camelot and Curve for USX and Unitus’ BLP.

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 428,574 ARB

ARB Utilized as Incentives in the Last Two Weeks: 235,000 ARB

Contracts incentivized over the last 2 weeks: 0x3F126586031017f601bBD00Da03fF0B0F45660c2

Contract address label Form 15 completed for all addresses: Yes

ARB left over: 193,574 ARB

Plan for leftover ARB: In addition to our current incentive plan, we have introduced a new LSD vault in collaboration with Aspida starting from February 1st. Another Stable Vault will be introduced in the coming week to encourage more minting of USX on Arbitrum.

Summary of incentives:

  1. Unitus Finance: ARB rewards are distributed to lenders and borrowers who provide liquidity for BLP (UTS/DF, UTS/USX) on Camelot.
  2. iUSX Staking: ARB rewards are distributed to users who stake their USX yield token on Unitus Finance.
  3. Camelot LP: ARB rewards are distributed to users upon liquidity provision for UTS/DF, UTS/USX via Camolet, incentivizing LPs.
  4. Curve LP: ARB rewards are distributed to users upon liquidity provision for USX/USDC via Curve, incentivizing LPs.
  5. Aspida LSD Vault: ARB rewards are distributed to users who stake ETH and/or wstETH on dForce.

Additional Info / Disclosures to Multisig: The contract for ARB disbursement has been changed to 0x3F126586031017f601bBD00Da03fF0B0F45660c2 from 0xc0Dc7C5057141C9065bd9bedf79fd4E9EA69a739 in the original proposal.

STATS

Average daily TVL: 21.4M (12.9M from Unitus and 8.5M from USX)

Average daily transactions: 426 (252 from Unitus and 174 from USX)

Average daily volumes: 2.7M (2.6M from Unitus and 143K from USX)

Number of unique user addresses: 26,811 (12,110 from Unitus and 14,701 from USX)

Transaction fees: 156.27K

Link to Dashboard showing metrics: Dune - USX, TVL & Fees for USX, Dune - Unitus

Plan For the Next Two Weeks

Amount of ARB to be distributed: approximately 200K ARB (100K ARB per week)

Contracts that will be incentivized: 0x3F126586031017f601bBD00Da03fF0B0F45660c2

Contract address label Form 15 completed for all addresses: Yes

Mechanism for distribution incentives:

  1. Unitus Lending & iUSX Staking: Users who provide BLP tokens reaching the threshold can mine ARB tokens by depositing and borrowing assets, or staking iUSX on Unitus. Backend services take a snapshot of users’ BLP, deposits, borrowings, staked iUSX every hour, then calculate users’ final mining weight by multiplying the value of BLP by the corresponding weight and adding it to their deposits, borrowings, and staked iUSX. Distribution occurs weekly.
  2. BLP Liquidity Mining: Similar to Unitus Mining, this method uses snapshots to determine users’ staked amounts and distributes rewards weekly.
  3. Curve LP: ARB rewards are distributed to users upon liquidity provision for USX/USDC via Curve, incentivizing LPs.
  4. Aspida Vault Distribution: ARB rewards are distributed in real-time based on the amount of wstETH tokens deposited by users through smart contracts. Please see announcement here.

Summary of incentives plan:

Alongside our existing incentive plans mentioned earlier, we are planning to introduce a new Stable Vault. In this vault, users will receive ARB tokens as rewards when they mint USX by staking USDC, USDT, and DAI on dForce.

Summary of changes to the original plan:

New Stable Vault to encourage minting of USX from other stablecoins (coming soon)

1 Like

[dForce] Bi-Weekly Update [15-Feb-2024]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 142,858 ARB

ARB Utilized as Incentives in the Last Two Weeks: 185,000 ARB

Contracts incentivized over the last 2 weeks: 0x3F126586031017f601bBD00Da03fF0B0F45660c2

Contract address label Form 15 completed for all addresses: Yes

ARB left over: 97,574 ARB

Plan for leftover ARB:

  • Lending activities on Unitus
  • iUSX staking
  • BLP liquidity provision on Camelot
  • USX/USDC liquidity provision on Curve and Balancer
  • Aspida LSD Vault
  • USX minting via Peg Stability Vault

Summary of incentives:

  1. Lending activities on Unitus Finance (32,500 ARB to 22,750 ARB)
  2. iUSX Staking (17,500 ARB to 12,250 ARB)
  3. BLP provision on Camelot for UTS/DF and UTS/USX (19,000 ARB to 19,000 ARB)
  4. Liquidity provision for USDC/USX on Curve (4,000 ARB to 3,000 ARB)
  5. Liquidity provision for USDC/USX on Balancer (0 ARB to 3,000 ARB)
  6. Aspida LSD Vault (16,000 ARB to 16,000 ARB)
  7. Peg Stability Vault (New) (0 ARB to 20,000 ARB)

Additional Info / Disclosures to Multisig: The contract for ARB disbursement has been changed to 0x3F126586031017f601bBD00Da03fF0B0F45660c2 from 0xc0Dc7C5057141C9065bd9bedf79fd4E9EA69a739 in the original proposal.

STATS

Average daily TVL: 29.3M (20.3M from Unitus and 9.0M from USX)

Average daily transactions: 630 (388 from Unitus and 242 from USX)

Average daily volumes: 2.5M (2.0M from Unitus and 483K from USX)

Number of unique user addresses: 26,857 (12,130 from Unitus and 14,727 from USX)

Transaction fees: 160.0K

Link to Dashboard showing metrics: Dune - USX, TVL & Fees for USX, Dune - Unitus

Plan For the Next Two Weeks

Amount of ARB to be distributed: 192,000 ARB (96,000 ARB per week)

Contracts that will be incentivized: 0x3F126586031017f601bBD00Da03fF0B0F45660c2

Contract address label Form 15 completed for all addresses: Yes

Mechanism for distribution incentives:

  1. Unitus Lending & iUSX Staking: Users who provide BLP tokens reaching the threshold can mine ARB tokens by depositing and borrowing assets, or staking iUSX on Unitus. Backend services take a snapshot of users’ BLP, deposits, borrowings, staked iUSX every hour, then calculate users’ final mining weight by multiplying the value of BLP by the corresponding weight and adding it to their deposits, borrowings, and staked iUSX. Distribution occurs weekly.
  2. BLP Liquidity Mining: Similar to Unitus Mining, this method uses snapshots to determine users’ staked amounts and distributes rewards weekly.
  3. Curve/Balancer LP: ARB rewards are distributed to users upon liquidity provision for USX/USDC via Curve/Balancer, incentivizing LPs.
  4. Aspida Vault Distribution: ARB rewards are distributed in real-time based on the amount of wstETH tokens deposited by users through smart contracts. Please see announcement here.
  5. Peg Stability Vault Distribution: ARB rewards are distributed in real-time based on the amount of USX minted by users through smart contracts. Please see announcement here.

Summary of incentives plan:

  1. Unitus Finance: ARB rewards are distributed to lenders and borrowers of stablecoins (USX, USDT, USDC, DAI) who provide liquidity for BLP (UTS/DF, UTS/USX) on Camelot.
  2. iUSX Staking: ARB rewards are distributed to users who stake their USX yield token on Unitus Finance.
  3. Camelot LP: ARB rewards are distributed to users upon liquidity provision for UTS/DF, UTS/USX via Camolet, incentivizing LPs.
  4. Curve LP: ARB rewards are distributed to users upon liquidity provision for USX/USDC via Curve, incentivizing LPs.
  5. Balancer LP (New): ARB rewards are distributed to users upon liquidity provision for USX/USDC via Curve, incentivizing LPs.
  6. Aspida LSD Vault: ARB rewards are distributed to users who stake wstETH on dForce.
  7. Peg Stability Vault (New): ARB rewards are distributed to users who mint and stake USX through the Peg Stability Vault on dForce.

Summary of changes to the original plan:

N/A

[dForce] Bi-Weekly Update [28-Feb-2024]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 142,858 ARB

ARB Utilized as Incentives in the Last Two Weeks: 192,000 ARB

Contracts incentivized over the last 2 weeks: 0x3F126586031017f601bBD00Da03fF0B0F45660c2

Contract address label Form 15 completed for all addresses: Yes

ARB left over: 198,090 ARB

Plan for leftover ARB:

  • Lending activities on Unitus
  • iUSX staking
  • BLP liquidity provision on Camelot
  • USX/USDC liquidity provision on Curve and Balancer
  • Aspida LSD Vault
  • USX minting via Peg Stability Vault

Summary of incentives:

  1. Lending activities on Unitus Finance (22,750 ARB to 22,750 ARB)
  2. iUSX Staking (12,250 ARB to 12,250 ARB)
  3. BLP provision on Camelot for UTS/DF and UTS/USX (19,000 ARB to 19,000 ARB)
  4. Liquidity provision for USDC/USX on Curve (3,000 ARB to 6,000 ARB)
  5. Liquidity provision for USDC/USX on Balancer (3,000 ARB to 8,000 ARB)
  6. Aspida LSD Vault (16,000 ARB to 11,200 ARB)
  7. Peg Stability Vault (New) (20,000 ARB to 10,000 ARB)

Additional Info / Disclosures to Multisig: The contract for ARB disbursement has been changed to 0x3F126586031017f601bBD00Da03fF0B0F45660c2 from 0xc0Dc7C5057141C9065bd9bedf79fd4E9EA69a739 in the original proposal.

STATS

Average daily TVL: 38.5M (29.1M from Unitus and 9.4M from USX)

Average daily transactions: 368 (203 from Unitus and 165 from USX)

Average daily volumes: 2.1M (1.8M from Unitus and 308K from USX)

Number of unique user addresses: 26,857 (12,152 from Unitus and 14,748 from USX)

Transaction fees: 163.58K

Link to Dashboard showing metrics: Dune - USX, TVL & Fees for USX, Dune - Unitus

Plan For the Next Two Weeks

Amount of ARB to be distributed: 178,400 ARB (89,200 ARB per week)

Contracts that will be incentivized: 0x3F126586031017f601bBD00Da03fF0B0F45660c2

Contract address label Form 15 completed for all addresses: Yes

Mechanism for distribution incentives:

  1. Unitus Lending & iUSX Staking: Users who provide BLP tokens reaching the threshold can mine ARB tokens by depositing and borrowing assets, or staking iUSX on Unitus. Backend services take a snapshot of users’ BLP, deposits, borrowings, staked iUSX every hour, then calculate users’ final mining weight by multiplying the value of BLP by the corresponding weight and adding it to their deposits, borrowings, and staked iUSX. Distribution occurs weekly.
  2. BLP Liquidity Mining: Similar to Unitus Mining, this method uses snapshots to determine users’ staked amounts and distributes rewards weekly.
  3. Curve/Balancer LP: ARB rewards are distributed to users upon liquidity provision for USX/USDC via Curve/Balancer, incentivizing LPs.
  4. Aspida Vault Distribution: ARB rewards are distributed in real-time based on the amount of wstETH tokens deposited by users through smart contracts. Please see announcement here.
  5. Peg Stability Vault Distribution: ARB rewards are distributed in real-time based on the amount of USX minted by users through smart contracts. Please see announcement here.

Summary of incentives plan:

  1. Unitus Finance: ARB rewards are distributed to lenders and borrowers of stablecoins (USX, USDT, USDC, DAI) who provide liquidity for BLP (UTS/DF, UTS/USX) on Camelot.
  2. iUSX Staking: ARB rewards are distributed to users who stake their USX yield token on Unitus Finance.
  3. Camelot LP: ARB rewards are distributed to users upon liquidity provision for UTS/DF, UTS/USX via Camolet, incentivizing LPs.
  4. Curve LP: ARB rewards are distributed to users upon liquidity provision for USX/USDC via Curve, incentivizing LPs.
  5. Balancer LP (New): ARB rewards are distributed to users upon liquidity provision for USX/USDC via Curve, incentivizing LPs.
  6. Aspida LSD Vault: ARB rewards are distributed to users who stake wstETH on dForce.
  7. Peg Stability Vault (New): ARB rewards are distributed to users who mint and stake USX through the Peg Stability Vault on dForce.

Summary of changes to the original plan:

Aspida LSD Vault has entered the lock-up stage, during which existing stakers will receive bonuses and additional rewards for committing to saETH. Upon the conclusion of the Lockup Phase, participants will be able to claim their incentives, which include $ARB and Shields, as well as saETH.