Frax Finance Bi-Weekly Update (Dec 15, 2023)

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 428,572 ARB (we received 2 distributions at once)

ARB Utilized as Incentives in the Last Two Weeks: 72,014 ARB

Contracts incentivized over the last 2 weeks:

Contract Address Contract Nam/Tag
0x2Aa638596429e4734D872feC6e7a42e3f3D9fBf8 Paladin - QuestBoardSidechain
0x45100bd2b5c8b36fdf49808abfe3408ff803fb0d Bunni - Timeless BUNNI-LP Gauge Deposit
0x4b6052E271C1a1aF0eB62376fbba95Fa4A1E282B Bunni - Timeless BUNNI-LP Gauge Deposit
0xa9092a2cfd11f8e42cfd84c0217743f28b3c285c Bunni - Timeless BUNNI-LP Gauge Deposit
0x00B20FFd6c2d27a5B9764ad2367f60e16e08eD3B Bunni - Timeless BUNNI-LP Gauge Deposit
0x421Efd53FA0d90687db5ef370D5DCD7f89CbD9dE Frax - FraxCCFarmV4_cvxLP
0x918261fa5Dd9C3b1358cA911792E9bDF3c5CCa35 Merkle - Distributor
0xDF58845C5A03116067215374A40aEfdd248Ce1f1 Lodestar - Incentive msig
0xB671Eb5Cee01d681df07a245df2fcf9FCB808c0a Premia - DualMiningProxy
0x4995f8a28f0E8d2920AE787e32d0f1013AEc29e1 Ramses - Bribe
0xeb473a6a0bf7b4d820d8fed61d2ab1402d637994 Ramses - Bribe
0x43DB1214e9c5d7d980267a2031b380fc80b88f86 Ramses - Bribe
0x066d6f97b3f1456ED5b148A3c3d5C5C235869d7E Ramses - Bribe
0xe3003b04fbb20a3a18497bc5106a0e45d601ac4f Ramses - Bribe
0x743d7683e67cF5719fad4149311CD7C24e3D1ffA Ramses - Bribe
0xdc16a1877e44ac80b6befdda5a6d8a89300cbff9 Ramses - Bribe
0xe3c747896C76aEE3f4c18F34A36eE58b425B8E17 Wombat - Bribe
0xFD0AF0B852e8937b2767C1a344E1fD9b34EC1b1A Wombat - Bribe
0x24e927daC110Aab7189a4F864d41680e4F7865FB Frax - FraxCCFarmV4_cvxLP
0xb69BB749bCc1cdD56861525fF9DADf5AF76Fc5f1 Ramses - Bribe
0x99e0896d149c3d2a50a6aFd44fE41fb73448dBb5 Ramses - Bribe
0x364C80e9418B65110157Bc7681Ed761B3188F59E Ramses - Bribe
0xcb81454ec05274640eD5129cC0363947B0B9d0ec Ramses - Bribe
0x9Dc623a12fc3dC87cB23c53C68330A22ea084B3A Ramses - Bribe
0x96412caB79c3A4c5cACD8b6fbFbEa36F4cA3791a Wombat - Bribe

Contract address label Form 12 completed for all addresses: Yes

ARB left over: 570,844 ARB

Plan for leftover ARB: We are increasing our budgets per week during the time, and we will distribute the leftover amount between the remaining cycles.

Summary of incentives: Over the last two weeks, we have successfully initiated the deployment of our automated incentive distributor contracts, known as Incentive AMOs, for three of our primary assets: FRAX, frxETH, and crvFRAX. This deployment is a crucial step in enhancing the efficiency and effectiveness of our reward distribution mechanism, underpinned by the recent ARB funding received from the STIP grant.

In line with this development, we have registered our main and pre-existing liquidity pools within the Arbitrum ecosystem. Additionally, during this period we launched frxETH/WETH pool on Curve (our back bone of frxETH liquidity on Arbitrum).

Furthermore, we have embarked on new partnerships and collaborations, most notably with Premia. These new partnership pools are a testament to our ongoing efforts to foster synergistic relationships within the industry, expanding our reach and bolstering the utility of our assets.

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

STATS

Average daily TVL: $19,464,431.22

Average daily transactions: 1775

Average daily volumes: $3,781,260

Number of unique user addresses: 1276

Transaction fees: We are working with OpenBlock Labs to find the best way to collect this since our pools/vaults are within multiple different protocols.

Link to Dashboard showing metrics:

OpenBlock Dashboard: https://www.openblocklabs.com/app/arbitrum/grantees/Frax%20Finance

Frax Fianace Arbitrum Dune Dashboard:

https://dune.com/amirnader/frax-finance-arbitrum

Plan For the Next Two Weeks

Amount of ARB to be distributed: 140k ARB

Contracts that will be incentivized:

Lending - Aark - FRAX 0x7A5df878e195D09F1C0bbba702Cfdf0ac9d0a835
Lending - Aave - FRAX 0x38d693cE1dF5AaDF7bC62595A37D667aD57922e5
DEX - Curve - FRAX/USDC.e 0xc9b8a3fdecb9d5b218d02555a8baf332e5b740d5
DEX - Curve - frxETH/WETH 0x1deb3b1ca6afca0ff9c5ce9301950dc98ac0d523
DEX - Curve - USD±FRAXBP 0xb34a7d1444a707349bc7b981b7f2e1f20f81f013
DEX - Curve - fxUSD-FRAXBP 0xab174ffa530c888649c44c4d21c849bbaabc723f
DEX - Curve - IN-FRAXBP 0xc9fb013da36fad6422dabb4f2ddfdaaca17205e6
DEX - Curve - axlUSD-FRAXBP 0x741aea6c7707b39bd950da945f84d6b8ba455d48
Lending - Fraxlend - FRAX/ARB 0x2D0483FefAbA4325c7521539a3DFaCf94A19C472
DEX - Fraxswap - FRAX/WETH 0x0BB5A573886bbcecf18590b6Cb59E980FAC7d278
DEX - Fraxswap - FRAX/FXS 0x90FF2b6b6a2eb3C68D883bc276F6736b1262fa50
DEX - Fraxswap - FRAX/ARB 0xf9901732A568e7030126E1b3676a4fcd29907B08
Lending - LFRAX - FRAX/LFRAX 0x2E9963ae673A885b6bfeDa2f80132CE28b784C40
Lending - Lodestar - FRAX 0xD12d43Cdf498e377D3bfa2c6217f05B466E14228
Lending - Lodestar - FRAX 0xc9c043A7f80258d492121d2f34e829EB6517Eb17
Lending - Notional - FRAX 0x1344A36A1B56144C3Bc62E7757377D288fDE0369
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 - 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
Lending - Stargate - FRAX 0xaa4BF442F024820B2C28Cd0FD72b82c63e66F56C
DEX - UNIV3 - FRAX/USDC.e 0x46Dc00f9dE3d51182F8686E1F8491645506e2F61
DEX - UNIV3 - FRAX/FPI 0x53d1e8F6661D6ab7c6487Bf952d21c478041f021
DEX - UNIV3 - FRAX/svUSD 0x28082db75615849D12f37627E614b479749C7903
DEX - UNIV3 - frxETH/svETH 0x6a28350341A27e98170b6e8274bF2382B4DAe6AC
DEX - Wombat - FRAX/USD+/USDC 0xf4b72e9a18e4b7c65165e437c57ff6b6202e4505
DEX - Wombat - frxETH/WETH/sfrxETH 0x6966553568634f4225330d559a8783de7649c7d3
DEX - Wombat - FRAX/USDV 0xbCd5E80dAc3925416A8605b158Cac3a2cc1EBd6E

Contracts that receives ARB incentives to distribute between LPs:

Contract Address Contract Nam/Tag
0x2Aa638596429e4734D872feC6e7a42e3f3D9fBf8 Paladin - QuestBoardSidechain
0x45100bd2b5c8b36fdf49808abfe3408ff803fb0d Bunni - Timeless BUNNI-LP Gauge Deposit
0x4b6052E271C1a1aF0eB62376fbba95Fa4A1E282B Bunni - Timeless BUNNI-LP Gauge Deposit
0xa9092a2cfd11f8e42cfd84c0217743f28b3c285c Bunni - Timeless BUNNI-LP Gauge Deposit
0x00B20FFd6c2d27a5B9764ad2367f60e16e08eD3B Bunni - Timeless BUNNI-LP Gauge Deposit
0x421Efd53FA0d90687db5ef370D5DCD7f89CbD9dE Frax - FraxCCFarmV4_cvxLP
0x918261fa5Dd9C3b1358cA911792E9bDF3c5CCa35 Merkle - Distributor
0xDF58845C5A03116067215374A40aEfdd248Ce1f1 Lodestar - Incentive msig
0xB671Eb5Cee01d681df07a245df2fcf9FCB808c0a Premia - DualMiningProxy
0x4995f8a28f0E8d2920AE787e32d0f1013AEc29e1 Ramses - Bribe
0xeb473a6a0bf7b4d820d8fed61d2ab1402d637994 Ramses - Bribe
0x43DB1214e9c5d7d980267a2031b380fc80b88f86 Ramses - Bribe
0x066d6f97b3f1456ED5b148A3c3d5C5C235869d7E Ramses - Bribe
0xe3003b04fbb20a3a18497bc5106a0e45d601ac4f Ramses - Bribe
0x743d7683e67cF5719fad4149311CD7C24e3D1ffA Ramses - Bribe
0xdc16a1877e44ac80b6befdda5a6d8a89300cbff9 Ramses - Bribe
0xe3c747896C76aEE3f4c18F34A36eE58b425B8E17 Wombat - Bribe
0xFD0AF0B852e8937b2767C1a344E1fD9b34EC1b1A Wombat - Bribe
0x24e927daC110Aab7189a4F864d41680e4F7865FB Frax - FraxCCFarmV4_cvxLP
0xb69BB749bCc1cdD56861525fF9DADf5AF76Fc5f1 Ramses - Bribe
0x99e0896d149c3d2a50a6aFd44fE41fb73448dBb5 Ramses - Bribe
0x364C80e9418B65110157Bc7681Ed761B3188F59E Ramses - Bribe
0xcb81454ec05274640eD5129cC0363947B0B9d0ec Ramses - Bribe
0x9Dc623a12fc3dC87cB23c53C68330A22ea084B3A Ramses - Bribe
0x96412caB79c3A4c5cACD8b6fbFbEa36F4cA3791a Wombat - Bribe

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 or frxETH or crvFRAX. 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 3: 70k ARB
  • Week 4: 70k ARB

Summary of changes to the original plan: N/A

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