Recap of the Previous Two Weeks
-
ARB Received Last Disbursement:
642,858 Received on the 11th of January 2024 -
ARB Utilized as Incentives in the Last Two Weeks (Trading Incentives on gTrade and LP incentives):
695’415 $ARB, 10,000 $GNS -
Contracts incentivized over the last 2 weeks:
- gTrade Trading Incentives:
- Merkle Incentives
- Penpie:
- 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)
- Trader Joe
- GNS/ETH-0.25%(Trader Joe XYZ | Leading Decentralized Exchange)
- Penpie
- Uniswap v3
-
Additional Info / Disclosures to Multisig: Nothing to disclose
STATS
Liquidity Incentives
- Average daily TVL:
- gDAI Vault: 24M USD
- gDAI Pendle: 14M USD
- Uniswap GNS/ETH: 1.6M USD
- Uniswap GNS/USDC: 1.1M USD
- Trader Joe GNS/ETH: 340k USD
- Average daily Volume:
- Uniswap GNS/ETH: 623k USD
- Uniswap GNS/USDC: 1.3M USD
- Trader Joe GNS/ETH: 473k USD
- Cumulative LP Fees:
- Uniswap GNS/ETH: 44.5k USD
- Uniswap GNS/USDC: 12.2k USD
- Trader Joe GNS/ETH: 24.6k USD
gTrade Trading Incentives
- Average daily transactions:
- 1,625 trades per day on average
- Total: 52,500
- Average daily volumes:
- 132.07M USD
- Total: 2.51B USD
- Number of unique user addresses:
- Total: 4,184 unique users
- Transaction fees:
- Past two weeks: 1.1M USD
- Total: 1.6M 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:
- ARB: ERC1967Proxy | Address 0x8bb4c975ff3c250e0ceea271728547f3802b36fd | Arbiscan
- GNS: ERC1967Proxy | Address 0x8bb4c975ff3c250e0ceea271728547f3802b36fd | Arbiscan
- Also gUSDC and gETH Pools (Assets and pools are not out yet)
- 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.