Recap since 27th of December 2023
-
Dune Analytics: https://dune.com/gains/gtrade-stats-arbitrum-stip
-
ARB Received Last Disbursement:
642,858 Received on the 24th of December 2023 -
ARB Utilized as Incentives in the Last Two Weeks (Trading Incentives on gTrade and LP incentives):
324,342.058 $ARB, 5,000 $GNS -
Contracts incentivized over the last 2 weeks:
- gTrade Trading Incentives:
- Gamma Incentives:
- Penpie:
- Trader Joe:
-
Contract address label Form 16 completed for all addresses: YES
-
ARB left over: 313,324.94
-
Plan for leftover ARB: Same plan, trading incentives and liquidity provision. We are going to swap Gamma for Merkl as the main LP incentive hub due to the recent incident and will be adding two more partners for the incentives
-
Summary of incentives:
- LP INCENTIVES:
$ARB per week: 4500000/13*0.15 = 51923 $ARB
$GNS per week: 65000/13 = 5000 $GNSDistribution #1:
=> 100% of incentives from Dec 29th to Jan 5th
=> 10% of incentives from Jan 5th to Jan 12thGamma (80%, 1 week):
- 51923*0.8=41538 $ARB (arbiscan.io/address/0xf1778f0b5549df305fab2cd31a46ee8c78dfa546)
- 5000*0.8=4000 $GNS (arbiscan.io/address/0x6348eda687b6fc4238cdfaa6ca36bb6196d867d3)
Penpie (10%, 1 week)
- 51923*0.1=5192 $ARB (arbiscan.io/address/0x39054e5dBD799366AcC1DE66d8c466Db17334ac1)
- 5000*0.1=500 $GNS (arbiscan.io/address/0x39054e5dBD799366AcC1DE66d8c466Db17334ac1)
TraderJoe (20%, 2 weeks so 10% per week)
- 519230.12=10384 $ARB (GnosisSafeProxy | Address 0xf1ec4e41b49582af7e00d6525af78111f37b94a8 | Arbiscan)
- 50000.12=1000 $GNS (GnosisSafeProxy | Address 0xf1ec4e41b49582af7e00d6525af78111f37b94a8 | Arbiscan)
-
Additional Info / Disclosures to Multisig: Nothing to disclose
STATS
- Average daily TVL:
- gDAI Vault: 20M
- Gamma pools omitted because of the exploit
- Trader Joe GNS/ETH:
- Penpie gDAI pool:
- Average daily transactions:
- 1,628 trades per day on average
- Total: 14,655 tx
- Average daily volumes:
- 108.35M USD
- Total: 769.67M USD
- Number of unique user addresses:
- Total: 1,260 unique users
- Transaction fees:
- Weekly: 445,813 USD
- Total: 487,721 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
- Contracts that will be incentivized:
- gTrade Trading Incentives: EpochBasedTokenClaim | Address 0x6ac331b603373d0006d72d3a3159b4c35e1006e8 | Arbiscan
- Merkl:
- Penpie:
- 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.