Frax Finance Bi-Weekly Update (Mar 8, 2024)

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 0 ARB

ARB Utilized as Incentives in the Last Two Weeks: 166,585 ARB

Contracts incentivized over the last 2 weeks:

Contract Address Contract Tag/Name
0x2Aa638596429e4734D872feC6e7a42e3f3D9fBf8 Paladin - QuestBoardSidechain
0x9D682578385C3F1Db08f50f4b87E7C3472535A33 GMX-msig
0x8BB4C975Ff3c250e0ceEA271728547f3802B36Fd Merkle - DistributionCreator
0xB1a17c8BCb17cd0FDAb587c6b09749b021861E70 Curve - Gauge - Direct LP Incentives
0xB8c52da3db9EdF9Da6a20959410B007a2387E5a2 Frax - FraxCCFarmV4_cvxLP
0xA81F4b86B412CcB51C7420000F59a639F3459f49 Frax - FraxCCFarmV4_cvxLP
0x421Efd53FA0d90687db5ef370D5DCD7f89CbD9dE Frax - FraxCCFarmV4_cvxLP
0xc920B52E610659bCb3d902001b8C52c5A31AAf51 Horiza - Bribe
0x92C06eA48D96B499ea5a2B102232E7916a7ECA96 Horiza - Bribe
0x743d7683e67cF5719fad4149311CD7C24e3D1ffA Ramses - Bribe
0xdc16a1877e44ac80b6befdda5a6d8a89300cbff9 Ramses - Bribe
0x066d6f97b3f1456ED5b148A3c3d5C5C235869d7E Ramses - Bribe
0x4995f8a28f0E8d2920AE787e32d0f1013AEc29e1 Ramses - Bribe
0xeBC15b33f0a0D940267B4c5DA7428eD9a95d542c Ramses - Bribe
0xeb473a6a0bf7b4d820d8fed61d2ab1402d637994 Ramses - Bribe
0xe3003b04fbb20a3a18497bc5106a0e45d601ac4f Ramses - Bribe
0x43DB1214e9c5d7d980267a2031b380fc80b88f86 Ramses - Bribe
0xa9092a2cfd11f8e42cfd84c0217743f28b3c285c Bunni - Timeless BUNNI-LP Gauge Deposit
0x4b6052E271C1a1aF0eB62376fbba95Fa4A1E282B Bunni - Timeless BUNNI-LP Gauge Deposit
0x45d19CAc4901983E02fb93D7579C247D5F89f38B Wombat - Bribe
0xe3c747896C76aEE3f4c18F34A36eE58b425B8E17 Wombat - Bribe
0xFD0AF0B852e8937b2767C1a344E1fD9b34EC1b1A Wombat - Bribe
0x45100bd2b5c8b36fdf49808abfe3408ff803fb0d Bunni - Timeless BUNNI-LP Gauge Deposit
0xF10878bc18193DD92F934C8A9b945c1172CCb5cA Staking Vault
0x86Aa9599A8edE1F5d181c2dAc37D826c16792408 Staking Vault
0xdBd005FCe7767e7e66AeCfC53f054065187330A8 Staking Vault
0xDF58845C5A03116067215374A40aEfdd248Ce1f1 Lodestar - Incentive msig
0xB671Eb5Cee01d681df07a245df2fcf9FCB808c0a Premia - DualMiningProxy
0x24e927daC110Aab7189a4F864d41680e4F7865FB Frax - FraxCCFarmV4_cvxLP
0x66fE69A5D2f44645aa904d44152Bd92d49A0E7d7 Horiza - Bribe
0xa67a352B1501775e7C2A25C3f39E310E6F198f31 Horiza - Bribe
0xb69BB749bCc1cdD56861525fF9DADf5AF76Fc5f1 Ramses - Bribe
0x99e0896d149c3d2a50a6aFd44fE41fb73448dBb5 Ramses - Bribe
0x49894a90c15Fde52bAD37AC4a8cb54465FEc3a72 Ramses - Bribe
0x364C80e9418B65110157Bc7681Ed761B3188F59E Ramses - Bribe
0x9Dc623a12fc3dC87cB23c53C68330A22ea084B3A Ramses - Bribe
0xcb81454ec05274640eD5129cC0363947B0B9d0ec Ramses - Bribe
0x96412caB79c3A4c5cACD8b6fbFbEa36F4cA3791a Wombat - Bribe
0x68F6d90727EB96eeC1C9f50578213e8e6d59128b BeefyBoost

Contract address label Form 12 completed for all addresses: Yes

ARB left over: 368,765 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. Also, since the STIP is extended to March 29th, we will use leftovers to extend our planned incentives until this date, which is one month more than our initial plan.

Summary of incentives: Over the last two weeks, we have successfully used our automated incentive distributor contracts, known as Incentive AMOs, for three of our primary assets: FRAX, frxETH, and crvFRAX.

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: $53,156,211.85

Average daily transactions: 1615

Average daily volumes: $4,922,650.77

Number of unique user addresses: 7959

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.

day tvl volume dau trans
2024-03-08 $53,077,502.88 $3,434,696.78 322 1272
2024-03-07 $52,924,860.10 $3,982,980.72 387 1598
2024-03-06 $52,601,095.86 $4,719,846.81 380 2052
2024-03-05 $52,472,106.75 $5,371,505.01 364 2400
2024-03-04 $52,288,423.21 $8,016,964.15 338 1604
2024-03-03 $52,002,350.68 $4,787,792.27 357 1523
2024-03-02 $52,472,671.93 $4,187,973.34 353 1044
2024-03-01 $53,160,057.43 $4,608,181.66 328 1453
2024-02-29 $54,290,751.20 $8,047,878.32 429 2112
2024-02-28 $55,418,703.98 $5,195,787.16 408 1880
2024-02-27 $55,020,420.28 $2,744,278.57 372 1327
2024-02-26 $54,216,811.10 $5,380,585.37 424 1757
2024-02-25 $51,520,134.90 $5,224,734.41 342 1246
2024-02-24 $52,721,075.62 $3,213,906.18 386 1351
AVG $53,156,211.85 $4,922,650.77 370.7142857 1615.642857

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: 180k ARB

Contracts that will be incentivized:

Pool Address
DEX - Curve - axlUSD-FRAXBP 0x741aea6c7707b39bd950da945f84d6b8ba455d48
DEX - Curve - USD┬▒FRAXBP 0xb34a7d1444a707349bc7b981b7f2e1f20f81f013
Lending - Aave - FRAX 0x38d693cE1dF5AaDF7bC62595A37D667aD57922e5
DEX - Camelot - FRAX/GMX 0xC466F6eFc8A963e22037Bc16A89ED547B9c60EC2
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
Lending - Lodestar - FRAX 0xD12d43Cdf498e377D3bfa2c6217f05B466E14228
Options Exchange - PREMIA - pSV-FXS/FRAX-P 0x469ea472D168364B2e50aBB81Fe5C6DA142f9a62
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 - UNIV3 - FRAX/FPI 0x53d1e8F6661D6ab7c6487Bf952d21c478041f021
DEX - UNIV3 - FRAX/ARB 0x490009DA2cecC6889F79805B2455ad047d7b2DB9
DEX - UNIV3 - FRAX/frxETH 0x239DEA90CcC7a1bD0C0D6E0a95E2BC8418e1BCe3
DEX - UNIV3 - FRAX/svUSD 0x28082db75615849D12f37627E614b479749C7903
DEX - UNIV3 - FRAX/USDC.e 0x46Dc00f9dE3d51182F8686E1F8491645506e2F61
DEX - Wombat - FRAX/USD+/USDC 0xf4b72e9a18e4b7c65165e437c57ff6b6202e4505
DEX - Wombat - FRAX/sFRAX/USDC 0xC46111930c0dE926A9B19264cABB9C588Bc2F1cF
DEX - Wombat - FRAX/USDV 0xbCd5E80dAc3925416A8605b158Cac3a2cc1EBd6E
DEX - Horiza - FRAX/USDC 0x4c95e041e2c37afb146cad03c21cfd27b6b31408
DEX - Horiza - frxETH/FRAX 0xc1034e7652b92033f4b07366ed78c88d90ac00ba
DEX - Horiza - frxETH/WETH 0x9c06da8de09a0d53ef5ee577b0dac86709b717c0
DEX - Horiza - frxETH/sfrxETH 0xFA8d5FEdACA662b3c7fE5a88f9275644D7aa4197
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
0x2Aa638596429e4734D872feC6e7a42e3f3D9fBf8 Paladin - QuestBoardSidechain
0x9D682578385C3F1Db08f50f4b87E7C3472535A33 GMX-msig
0x8BB4C975Ff3c250e0ceEA271728547f3802B36Fd Merkle - DistributionCreator
0xB1a17c8BCb17cd0FDAb587c6b09749b021861E70 Curve - Gauge - Direct LP Incentives
0xB8c52da3db9EdF9Da6a20959410B007a2387E5a2 Frax - FraxCCFarmV4_cvxLP
0xA81F4b86B412CcB51C7420000F59a639F3459f49 Frax - FraxCCFarmV4_cvxLP
0x421Efd53FA0d90687db5ef370D5DCD7f89CbD9dE Frax - FraxCCFarmV4_cvxLP
0xc920B52E610659bCb3d902001b8C52c5A31AAf51 Horiza - Bribe
0x92C06eA48D96B499ea5a2B102232E7916a7ECA96 Horiza - Bribe
0x743d7683e67cF5719fad4149311CD7C24e3D1ffA Ramses - Bribe
0xdc16a1877e44ac80b6befdda5a6d8a89300cbff9 Ramses - Bribe
0x066d6f97b3f1456ED5b148A3c3d5C5C235869d7E Ramses - Bribe
0x4995f8a28f0E8d2920AE787e32d0f1013AEc29e1 Ramses - Bribe
0xeBC15b33f0a0D940267B4c5DA7428eD9a95d542c Ramses - Bribe
0xeb473a6a0bf7b4d820d8fed61d2ab1402d637994 Ramses - Bribe
0xe3003b04fbb20a3a18497bc5106a0e45d601ac4f Ramses - Bribe
0x43DB1214e9c5d7d980267a2031b380fc80b88f86 Ramses - Bribe
0xa9092a2cfd11f8e42cfd84c0217743f28b3c285c Bunni - Timeless BUNNI-LP Gauge Deposit
0x4b6052E271C1a1aF0eB62376fbba95Fa4A1E282B Bunni - Timeless BUNNI-LP Gauge Deposit
0x45d19CAc4901983E02fb93D7579C247D5F89f38B Wombat - Bribe
0xe3c747896C76aEE3f4c18F34A36eE58b425B8E17 Wombat - Bribe
0xFD0AF0B852e8937b2767C1a344E1fD9b34EC1b1A Wombat - Bribe
0x45100bd2b5c8b36fdf49808abfe3408ff803fb0d Bunni - Timeless BUNNI-LP Gauge Deposit
0xDF58845C5A03116067215374A40aEfdd248Ce1f1 Lodestar - Incentive msig
0xB671Eb5Cee01d681df07a245df2fcf9FCB808c0a Premia - DualMiningProxy
0x24e927daC110Aab7189a4F864d41680e4F7865FB Frax - FraxCCFarmV4_cvxLP
0x66fE69A5D2f44645aa904d44152Bd92d49A0E7d7 Horiza - Bribe
0xa67a352B1501775e7C2A25C3f39E310E6F198f31 Horiza - Bribe
0xb69BB749bCc1cdD56861525fF9DADf5AF76Fc5f1 Ramses - Bribe
0x99e0896d149c3d2a50a6aFd44fE41fb73448dBb5 Ramses - Bribe
0x49894a90c15Fde52bAD37AC4a8cb54465FEc3a72 Ramses - Bribe
0x364C80e9418B65110157Bc7681Ed761B3188F59E Ramses - Bribe
0x9Dc623a12fc3dC87cB23c53C68330A22ea084B3A Ramses - Bribe
0xcb81454ec05274640eD5129cC0363947B0B9d0ec Ramses - Bribe
0x96412caB79c3A4c5cACD8b6fbFbEa36F4cA3791a Wombat - Bribe
0x68F6d90727EB96eeC1C9f50578213e8e6d59128b BeefyBoost

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, 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 13: 90k ARB
  • Week 14: 90k ARB

Summary of changes to the original plan: N/A