Recap of the Previous Two Weeks
-
ARB Received Last Disbursement:
642,858 Received on the 25th of January 2024 -
ARB Utilized as Incentives in the Last Two Weeks (Trading Incentives on gTrade and LP incentives):
688,755.24 $ARB, 10,000 $GNS -
Contracts incentivized over the last 2 weeks:
- gTrade Trading Incentives:
- Merkle Incentives
- Trader Joe:
-
Contract address label Form 16 completed for all addresses: YES
-
ARB left over: 217,144.70
-
Plan for leftover ARB: Same plan, trading incentives and liquidity provision. We will be incentivising new pools for our new upcoming tokens gUSDC and gETH.
-
Summary of incentives:
LP Incentives
- Uniswap v3
- GNS/ETH-0.3% (Uniswap Info)
- GNS/USDC-0.05% (Uniswap Info)
- gDAI/gUSDC-0.05% (Uniswap Info)
- gETH/wETH-0.05% (Uniswap Info)
- Trader Joe
- GNS/ETH-0.25%(Trader Joe XYZ | Leading Decentralized Exchange)
- Uniswap v3
-
Additional Info / Disclosures to Multisig:
- There was a one time transfer of 7,540.5 $ARB to Gamma.xyz regarding pending rewards to LPs for the exploited gDAI/DAI pool.
Arbitrum Transaction Hash (Txhash) Details | Arbiscan
- There was a one time transfer of 7,540.5 $ARB to Gamma.xyz regarding pending rewards to LPs for the exploited gDAI/DAI pool.
STATS
Liquidity Incentives
- Average daily TVL:
- gDAI Vault: 30M $DAI
- gUSDC Vault: 1.5M $USDC
- gETH Vault: 644 $ETH
- Uniswap GNS/ETH: 2M USD
- Uniswap GNS/USDC: 1.8M USD
- Uniswap gDAI/gUSDC: 1.6M USD
- Uniswap gETH/ETH: 1.5M USD
- Trader Joe GNS/ETH: 287k USD
- Average daily Volume:
- Uniswap GNS/ETH: 432k USD
- Uniswap GNS/USDC: 1.68M USD
- Trader Joe GNS/ETH: 233k USD
- Cumulative LP Fees:
- Uniswap GNS/ETH: 65.6k USD
- Uniswap GNS/USDC: 28.6k USD
- Trader Joe GNS/ETH: 34.1k USD
gTrade Trading Incentives
- Average daily transactions:
- 3,500 trades per day on average
- Total: 101,500
- Average daily volumes:
- 113.19M USD
- Total: 4.42B USD
- Number of unique user addresses:
- Total: 5,994 unique users
- Transaction fees:
- Past two weeks: 1.27M USD
- Total: 2.87M USD
- Link to Dashboard showing metrics:
https://dune.com/gains/gtrade-stats-arbitrum-stip
Plan For the Next Two Weeks
- Amount of ARB to be distributed: 346,153 $ARB per week
- Contracts that will be incentivized:
- gTrade Trading Incentives: EpochBasedTokenClaim | Address 0x6ac331b603373d0006d72d3a3159b4c35e1006e8 | Arbiscan
- Merkl:
- Trader Joe:
- Contract address label Form 16 completed for all addresses: YES
- Mechanism for distribution incentives:
- Gains Network distributes ARB incentives for trading through a custom contract labelled above.
- Rewards are streamed weekly
- For LP Incentives: we distribute them once every week in the above labelled contracts and then it’s handled by those contracts throughout the week.
- Summary of incentives plan:
- The protocol plans to continue to incentivize the existing Farms. Adjustments to incentive weights may be made to GNS & gDAI as needed. If any changes are made, they will be shown in the next report.
- Summary of changes to the original plan:
- No changes to report at this time.