# \# Gains Network Bi-Weekly Update \[02-02-2024\]

**URL:** <https://forum.arbitrum.foundation/t/gains-network-bi-weekly-update-02-02-2024/21087>\
**Category:** Biweekly Updates (STIP)\
**Created:** [February 5, 2024, 6:32pm UTC](https://forum.arbitrum.foundation/t/gains-network-bi-weekly-update-02-02-2024/21087 "2024-02-05T18:32:00Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Lunaman](https://avatars.discourse-cdn.com/v4/letter/l/8dc957/32.png) [@Lunaman](https://forum.arbitrum.foundation/u/Lunaman)\
**Post date:** [February 5, 2024, 6:32pm UTC](https://forum.arbitrum.foundation/t/gains-network-bi-weekly-update-02-02-2024/21087/1 "2024-02-05T18:32:00Z")

</div>

## 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:**

- **Contract address label [Form 16](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) 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:**

- **Additional Info / Disclosures to Multisig:**

## 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](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: [Address: 0x6ac331b6...35e1006e8 | Arbitrum One](https://arbiscan.io/address/0x6ac331b603373d0006d72d3a3159b4c35e1006e8#tokentxns)
  - Merkl:
    - ARB: [Angle Protocol: Distribution Creator | Address: 0x8bb4c975...3802b36fd | Arbitrum One](https://arbiscan.io/address/0x8bb4c975ff3c250e0ceea271728547f3802b36fd)
    - GNS: [Angle Protocol: Distribution Creator | Address: 0x8bb4c975...3802b36fd | Arbitrum One](https://arbiscan.io/address/0x8bb4c975ff3c250e0ceea271728547f3802b36fd)

  - Trader Joe:
    - ARB: ([Address: 0xf1ec4e41...1f37b94a8 | Arbitrum One](https://arbiscan.io/address/0xf1ec4e41b49582af7e00d6525af78111f37b94a8))
    - GNS: ([Address: 0xf1ec4e41...1f37b94a8 | Arbitrum One](https://arbiscan.io/address/0xf1ec4e41b49582af7e00d6525af78111f37b94a8))

- **Contract address label [Form 16](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) 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.