Frax Finance Bi-Weekly Update (8/15/2024)

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 125,000 ARB

ARB Utilized as Incentives in the Last Two Weeks: 117,494 ARB

Contracts incentivized over the last 2 weeks:

Contract Address Contract Tag/Name
0x4645e6476d3a5595be9efd39426cc10586a8393d Curve - Gauge - Direct LP Incentives
0x9D682578385C3F1Db08f50f4b87E7C3472535A33 GMX-msig
0x8BB4C975Ff3c250e0ceEA271728547f3802B36Fd Merkle - DistributionCreator
0xB854cF650F5492d23e52cb2A7a58B787fC25B0Bb Votemarket - Arbitrum
0xfd18a2f679bc726c6170827f0685178ffbd07a82 Curve - Gauge - Direct LP Incentives
0x05824d6d4de8a0ede4e12b98387a4f035a67ee68 Curve - Gauge - Direct LP Incentives
0xa2617a26f9f528fa7b0e47fc2e66fcc04c6682e9 Curve - Gauge - Direct LP Incentives
0x421Efd53FA0d90687db5ef370D5DCD7f89CbD9dE Frax - FraxCCFarmV4_cvxLP
0xc920B52E610659bCb3d902001b8C52c5A31AAf51 Horiza - Bribe
0x92C06eA48D96B499ea5a2B102232E7916a7ECA96 Horiza - Bribe
0x743d7683e67cF5719fad4149311CD7C24e3D1ffA Ramses - Bribe
0xdc16a1877e44ac80b6befdda5a6d8a89300cbff9 Ramses - Bribe
0x066d6f97b3f1456ED5b148A3c3d5C5C235869d7E Ramses - Bribe
0x4995f8a28f0E8d2920AE787e32d0f1013AEc29e1 Ramses - Bribe
0x3f96c2110563f62900d6818dac4c32b6c996761b Ramses - Bribe
0xeBC15b33f0a0D940267B4c5DA7428eD9a95d542c Ramses - Bribe
0xeb473a6a0bf7b4d820d8fed61d2ab1402d637994 Ramses - Bribe
0xe3003b04fbb20a3a18497bc5106a0e45d601ac4f Ramses - Bribe
0x43DB1214e9c5d7d980267a2031b380fc80b88f86 Ramses - Bribe
0x45d19CAc4901983E02fb93D7579C247D5F89f38B Wombat - Bribe
0xe3c747896C76aEE3f4c18F34A36eE58b425B8E17 Wombat - Bribe
0xFD0AF0B852e8937b2767C1a344E1fD9b34EC1b1A Wombat - Bribe
0x44a7b29335cfc61C2bEA1c48710A1fE11f4aFBa9 Staking Vault
0xDc5Ed7b972710594082479AF498B1dA02d03a273 Staking Vault
0x1F0a3bF1e4Ea8f27449AFa0a3A27eFc3817431fc Staking Vault
0xf56DF6359b6Af7CA75a48CC0CfcB1446df4B37fa Hidden Hand Lodestar
0xA8cA4FA84933106a92D4fec68C8B5A057703e862 Notional SecondaryRewarder
0xB671Eb5Cee01d681df07a245df2fcf9FCB808c0a Premia - DualMiningProxy
0xE4e6cA54324f6C456AfFc7c0875A3ECfDda85c3d sFRAX AMO
0x0b5f23b68c07bbdedbb18d822d20b4f0e5b7594f Curve - Gauge - Direct LP Incentives
0x24e927daC110Aab7189a4F864d41680e4F7865FB Frax - FraxCCFarmV4_cvxLP
0xb69BB749bCc1cdD56861525fF9DADf5AF76Fc5f1 Ramses - Bribe
0x99e0896d149c3d2a50a6aFd44fE41fb73448dBb5 Ramses - Bribe
0x49894a90c15Fde52bAD37AC4a8cb54465FEc3a72 Ramses - Bribe
0x364C80e9418B65110157Bc7681Ed761B3188F59E Ramses - Bribe
0x18728A905Ce936c155Fd0CC428181Ff8a7A73215 Ramses - Bribe
0x9Dc623a12fc3dC87cB23c53C68330A22ea084B3A Ramses - Bribe
0xcb81454ec05274640eD5129cC0363947B0B9d0ec Ramses - Bribe
0x96412caB79c3A4c5cACD8b6fbFbEa36F4cA3791a Wombat - Bribe
0x3Af5818053B600eE9a2DE79A5001E0B6F3e82248 sFRAX Balancer AMO
0x78b440E8FFD18cA70E728bAEd9909498d8c32CF2 Ramses - Direct LP
0x153f78A6a163acA4a92a9F1E6F2C00C95160934a Ramses - Direct LP
0x761d54a45be1a794964E6333030d1437A417BEdf Wombat - Bribe
0x928b06229a3f4Bc7806d80Fe54e48E777BB74536 Hidden Hand Aura

Contract address label Form 12 completed for all addresses: Yes

ARB left over: 50,373 ARB

Plan for leftover ARB: Using for next cycles

Summary of incentives: Over the last two weeks, we have used our automated incentive distributor, for five of our primary assets: FRAX, crvFRAX, sFRAX, frxETH, and sfrxETH.

Additional Info / Disclosures to Multisig:

FRAX Incentivizer AMO Address (All of FRAX pools are being incentivized through this contract): 0xefa5D36deBF5191328b17f2Ff74090DAdfda9A70

frxETH Incentivizer AMO Address (All of frxETH pools are being incentivized through this contract): 0x3C6d74267b01E00B2C8F541ff132A7b03bcC6c70

crvFRAX Incentivizer AMO Address (All of crvFRAX pools are being incentivized through this contract): 0xA4D77FD004F6ae1a1E55F0f89BcC519716E72B25

sFRAX Incentivizer AMO Address (All of sFRAX pools are being incentivized through this contract): 0xE4e6cA54324f6C456AfFc7c0875A3ECfDda85c3d

sFRAX Balancer Incentivizer AMO Address (All of sFRAX pools on Balancer are being incentivized through this contract): 0x3Af5818053B600eE9a2DE79A5001E0B6F3e82248

sfrxETH Incentivizer AMO Address (All of sfrxETH pools are being incentivized through this contract): 0xC832eDeB6BC75FE3b59321CfE49cb26C8C69707f

STATS

Average daily TVL: $24,650,088.54

Average daily transactions: 2,767

Average daily volumes: $4,619,827.36

Number of unique user addresses: 13,251

Transaction fees: Since our pools and vaults are within multiple different protocols, fees are not applicable here.

day TVL volume dau trans
2024-08-15 0:00 $25,896,518.74 $1,390,367.08 302 2106
2024-08-14 0:00 $25,483,646.03 $13,675,584.21 399 2769
2024-08-13 0:00 $25,379,250.19 $2,711,846.63 320 2502
2024-08-12 0:00 $25,240,075.70 $2,344,570.78 346 2639
2024-08-11 0:00 $24,765,817.91 $1,080,939.76 291 2029
2024-08-10 0:00 $24,549,696.09 $630,397.33 244 1635
2024-08-09 0:00 $24,476,248.52 $716,211.80 350 2193
2024-08-08 0:00 $24,268,226.88 $1,146,811.22 379 2021
2024-08-07 0:00 $24,021,945.76 $9,179,042.26 431 4028
2024-08-06 0:00 $23,734,003.18 $2,782,206.63 410 3749
2024-08-05 0:00 $23,729,479.84 $27,157,911.64 574 5045
2024-08-04 0:00 $24,754,391.13 $1,731,436.05 339 2400
2024-08-03 0:00 $24,436,103.86 $1,568,969.53 380 3533
2024-08-02 0:00 $24,543,194.06 $1,498,205.99 329 2401
2024-08-01 0:00 $24,472,730.25 $1,682,909.52 344 2460
AVG $24,650,088.54 $4,619,827.36 362.53 2,767.33

Link to dashboard showing metrics:

OpenBlock Dashboard: OpenBlock Labs

Frax Fianace Arbitrum Dune Dashboard:
https://dune.com/amirnader/frax-finance-arbitrum

Plan For the Next Two Weeks

Amount of ARB to be distributed: 125,000 ARB

Contracts that will be incentivized:

Pool Address
DEX - Curve - USD±FRAXBP 0xb34a7d1444a707349bc7b981b7f2e1f20f81f013
DEX - Curve - FRAX/USDC.e 0xc9b8a3fdecb9d5b218d02555a8baf332e5b740d5
DEX - Curve - FRAX/USDV 0xaae5e13075906f1c41bbda2e749d03d47da774a3
DEX - Curve - FRAX/crvUSD 0x2fe7ae43591e534c256a1594d326e5779e302ff4
DEX - Curve - FRAX/FXB_20241231 0xe920eedaff6c3bed1ef61010b64d46986634e908
DEX - Curve - FRAX/FXB_20261231 0x946adc524bd312d036776798c46cedd948dd0a0f
DEX - Curve - FRAX/frxETH/tBTC 0x3c64d44ab19d63f09ebad38fd7b913ab7e15e341
Derivatives - GMX - GMX Vault (FRAX) 0x489ee077994B6658eAfA855C308275EAd8097C4A
DEX - Ramses - FRAX/GRAI 0x9e8a58180dbd369ebe2fc0e8dc671ff9835ce5ab
DEX - Ramses - FRAX/USDC 0x6A9D961c9602fB484bA3C47c5F822b66721C9669
DEX - Ramses - frxETH/FRAX 0.05% 0x0c9710d820e115ef30829b4675e137dd71b25a14
DEX - Ramses - FRAX/DUSD 0x9CF9AaE54109cE68991b88EDb0CE3613eBFd7886
DEX - Ramses - FRAX/USDT 0xc39b54Da0036b8C753c3795ABFE1Ab997b799461
DEX - Ramses - FRAX/alUSD 0xfd599DB360Cd9713657C95dF66650A427d213010
DEX - Ramses - FRAX/DOLA 0x1850e96550d6716d43ba4d7df815ffc32bd0d03e
DEX - Ramses - FRAX/sFRAX 0x44C99A8aCE2E4c50Bc1c0D57471fD5C27C08A3Af
DEX - Wombat - FRAX/USD+/USDC 0xf4b72e9a18e4b7c65165e437c57ff6b6202e4505
DEX - Wombat - FRAX/sFRAX/USDC 0xC46111930c0dE926A9B19264cABB9C588Bc2F1cF
DEX - Wombat - FRAX/USDV 0xbCd5E80dAc3925416A8605b158Cac3a2cc1EBd6E
DEX - Ramses - frxETH/sfrxETH 0xf166ff5cd771923d4d4fb870403afc6f13dd2d02
DEX - Ramses - frxETH/WETH 0x3932192de4f17dfb94be031a8458e215a44bf560
DEX - Ramses - frxETH/wstETH 0x181d8532e828A9767258296c90662f5050baeA4E
DEX - Ramses - frxETH/FRAX 0.05% 0x0c9710d820e115ef30829b4675e137dd71b25a14
DEX - Ramses - sfrxETH-frxETH 0.01% 0x31d98f473edf9b23c08884392b5a734e630e8649
DEX - Ramses - RDNT/frxETH 0x6E6D67C1369e62D73F5CEB99E02b3b5E7b89dbb9
DEX - UNIV3 - frxETH/svETH 0x6a28350341A27e98170b6e8274bF2382B4DAe6AC
DEX - Wombat - frxETH/WETH/sfrxETH 0x6966553568634f4225330d559a8783de7649c7d3
DEX - Balancer - Balancer Vault (sFRAX) 0xBA12222222228d8Ba445958a75a0704d566BF2C8
DEX - Balancer - Balancer Vault (sfrxETH) 0xBA12222222228d8Ba445958a75a0704d566BF2C8
DEX - Ramses - frxETH/sfrxETH 0xf166ff5cd771923d4d4fb870403afc6f13dd2d02
DEX - Ramses - wstETH/sfrxETH 0x1cBac20F61F4cFa1e396eb13F68939A10E6777e3
DEX - Wombat - frxETH/WETH/sfrxETH 0x2a20202A6F740200BA188F6D72fa72a08a346Aaa
DEX - Ramses - frxETH/alETH 0xfB4fE921F724f3C7B610a826c827F9F6eCEf6886

Contracts that receive ARB incentives to distribute between LPs:

Contract Address Contract Tag/Name
0x4645e6476d3a5595be9efd39426cc10586a8393d Curve - Gauge - Direct LP Incentives
0x9D682578385C3F1Db08f50f4b87E7C3472535A33 GMX-msig
0x8BB4C975Ff3c250e0ceEA271728547f3802B36Fd Merkle - DistributionCreator
0xB854cF650F5492d23e52cb2A7a58B787fC25B0Bb Votemarket - Arbitrum
0xfd18a2f679bc726c6170827f0685178ffbd07a82 Curve - Gauge - Direct LP Incentives
0x05824d6d4de8a0ede4e12b98387a4f035a67ee68 Curve - Gauge - Direct LP Incentives
0xa2617a26f9f528fa7b0e47fc2e66fcc04c6682e9 Curve - Gauge - Direct LP Incentives
0x421Efd53FA0d90687db5ef370D5DCD7f89CbD9dE Frax - FraxCCFarmV4_cvxLP
0xc920B52E610659bCb3d902001b8C52c5A31AAf51 Horiza - Bribe
0x92C06eA48D96B499ea5a2B102232E7916a7ECA96 Horiza - Bribe
0x743d7683e67cF5719fad4149311CD7C24e3D1ffA Ramses - Bribe
0xdc16a1877e44ac80b6befdda5a6d8a89300cbff9 Ramses - Bribe
0x066d6f97b3f1456ED5b148A3c3d5C5C235869d7E Ramses - Bribe
0x4995f8a28f0E8d2920AE787e32d0f1013AEc29e1 Ramses - Bribe
0x3f96c2110563f62900d6818dac4c32b6c996761b Ramses - Bribe
0xeBC15b33f0a0D940267B4c5DA7428eD9a95d542c Ramses - Bribe
0xeb473a6a0bf7b4d820d8fed61d2ab1402d637994 Ramses - Bribe
0xe3003b04fbb20a3a18497bc5106a0e45d601ac4f Ramses - Bribe
0x43DB1214e9c5d7d980267a2031b380fc80b88f86 Ramses - Bribe
0x45d19CAc4901983E02fb93D7579C247D5F89f38B Wombat - Bribe
0xe3c747896C76aEE3f4c18F34A36eE58b425B8E17 Wombat - Bribe
0xFD0AF0B852e8937b2767C1a344E1fD9b34EC1b1A Wombat - Bribe
0x44a7b29335cfc61C2bEA1c48710A1fE11f4aFBa9 Staking Vault
0xDc5Ed7b972710594082479AF498B1dA02d03a273 Staking Vault
0x1F0a3bF1e4Ea8f27449AFa0a3A27eFc3817431fc Staking Vault
0xf56DF6359b6Af7CA75a48CC0CfcB1446df4B37fa Hidden Hand Lodestar
0xA8cA4FA84933106a92D4fec68C8B5A057703e862 Notional SecondaryRewarder
0xB671Eb5Cee01d681df07a245df2fcf9FCB808c0a Premia - DualMiningProxy
0xE4e6cA54324f6C456AfFc7c0875A3ECfDda85c3d sFRAX AMO
0x0b5f23b68c07bbdedbb18d822d20b4f0e5b7594f Curve - Gauge - Direct LP Incentives
0x24e927daC110Aab7189a4F864d41680e4F7865FB Frax - FraxCCFarmV4_cvxLP
0xb69BB749bCc1cdD56861525fF9DADf5AF76Fc5f1 Ramses - Bribe
0x99e0896d149c3d2a50a6aFd44fE41fb73448dBb5 Ramses - Bribe
0x49894a90c15Fde52bAD37AC4a8cb54465FEc3a72 Ramses - Bribe
0x364C80e9418B65110157Bc7681Ed761B3188F59E Ramses - Bribe
0x18728A905Ce936c155Fd0CC428181Ff8a7A73215 Ramses - Bribe
0x9Dc623a12fc3dC87cB23c53C68330A22ea084B3A Ramses - Bribe
0xcb81454ec05274640eD5129cC0363947B0B9d0ec Ramses - Bribe
0x96412caB79c3A4c5cACD8b6fbFbEa36F4cA3791a Wombat - Bribe
0x3Af5818053B600eE9a2DE79A5001E0B6F3e82248 sFRAX Balancer AMO
0x78b440E8FFD18cA70E728bAEd9909498d8c32CF2 Ramses - Direct LP
0x153f78A6a163acA4a92a9F1E6F2C00C95160934a Ramses - Direct LP
0x761d54a45be1a794964E6333030d1437A417BEdf Wombat - Bribe
0x928b06229a3f4Bc7806d80Fe54e48E777BB74536 Hidden Hand Aura

Contract address label Form 12 completed for all addresses: Yes

Mechanism for distribution incentives:

We employ a distinctive and transparent method for distributing incentives across liquidity pools containing FRAX, frxETH, crvFRAX, sFRAX, or sfrxETH. Our Incentivizer AMO (Automated Market Operator) functions through a contract. It captures snapshots of the total value locked (TVL) in our pools to determine the incentive budget for each. Subsequently, it utilizes a designated incentive mechanism specific to the LPs (Liquidity Providers) of each pool, ensuring the allocated budget is appropriately distributed.

Given the scalable nature of this model, we are eager to expand our incentivizing pool list and are open to exploring new partnerships and collaborative opportunities.

Please use this form to let us know about your interest: https://forms.gle/rA9s93veRNRXVLZi9

Summary of incentives plan: Our budgets for the next two weeks will be:

  • Week 7: 62.5k ARB
  • Week 8: 62.5k ARB

Summary of changes to the original plan: N/A