Dolomite Bi-Weekly Update 11/17/2023
Recap of the Previous Two Weeks
ARB Received Last Disbursement: 142,568
ARB Utilized as Incentives in the Last Two Weeks: 0
Contracts incentivized over the last 2 weeks: 0x6Bd780E7fDf01D77e4d475c821f1e7AE05409072
Contract address label Form completed for all addresses: Yes
ARB left over: 142,568 (oARB mechanism results in delays in distribution)
Plan for leftover ARB: oARB Vesting begins on 11/17/2023 at 8:45 PM EST. At this time, ARB will be utilized. Due to the nature of the oARB incentivization system, there’s a “start delay” from when users can start utilizing the rewards.
Summary of incentives: Over the past week, we distributed oARB to the following markets (shown below) to depositors of these assets. APRs were elevated which resulted in an increase in TVL and usage of the platform. More on the distribution strategy with oARB below.
Additional Info / Disclosures to Multisig: No new information since our STIP was posted on the forum. Multi sig is a 2/3, address is 0xa75c21C5BE284122a87A37a76cc6C4DD3E55a1D4.
STATS
Average daily TVL: $12.25M
Average daily transactions: 523
Average daily volumes: $1.99M
Number of unique user addresses: 441
Transaction fees: $8,939.97
Link to Dashboard showing metrics: Subgraph, Dune Dashboard, Tx Fees
Plan For the Next Two Weeks
Amount of ARB to be distributed: 142,568
Contracts that will be incentivized: The same contracts as above.
Contract address label Form completed for all addresses: Yes
Mechanism for distribution incentives: Dolomite uses oARB (an option token) to distribute the ARB. Users earn oARB by depositing liquidity on Dolomite and then can vest oARB into ARB by pairing oARB with an equal amount of ARB for intervals up to 4 weeks. You can learn more about oARB on our docs.
Summary of incentives plan: We plan to incentivize USDC, ETH, WBTC, ARB, and LINK markets using weights shown on the Rewards page on Dolomite.
Summary of changes to the original plan: No changes.