Recap of the Previous Two Weeks
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ARB Received Last Disbursement:
642,858 Received on the 21st of March 2024 -
ARB Utilized as Incentives in the Last Two Weeks (Trading Incentives on gTrade and LP incentives):
658,456 $ARB, 10,000 $GNS -
Contracts incentivized over the last 2 weeks:
- gTrade Trading Incentives:
- Merkle Incentives
- Trader Joe (only Epoch 13; for Epoch 14 all LP incentives were moved to Uniswap):
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Contract address label Form 16 completed for all addresses: YES
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ARB left over: 3,764
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Plan for leftover ARB: The STIP program ended and all $ARB rewards have been distributed to our traders and LPs. In an attempt to make our traders stick to the product, we introduced our newly designed fee tiers for which they have already accumulated points throughout the last weeks of STIP to level up and save on trading fees for the coming months.
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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: NONE
STATS
Liquidity Incentives
- Average daily TVL:
- gDAI Vault: 29M $DAI
- gUSDC Vault: 7.8M $USDC
- gETH Vault: 1.5k $ETH
- Uniswap GNS/ETH: 2.2M USD
- Uniswap GNS/USDC: 1.4M USD
- Uniswap gDAI/gUSDC: 4.3M USD
- Uniswap gETH/ETH: 2.1M USD
- Trader Joe GNS/ETH: 105k USD
- Average daily Volume:
- Uniswap GNS/ETH: 436k USD
- Uniswap GNS/USDC: 1.3M USD
- Trader Joe GNS/ETH: 418k USD
- Cumulative LP Fees:
- Uniswap GNS/ETH: 156k USD
- Uniswap GNS/USDC: 67k USD
- Trader Joe GNS/ETH: 90k USD
gTrade Trading Incentives
- Average daily transactions:
- 1,384 trades per day on average
- Total: 196,628
- Average daily volumes:
- 167.40M USD
- Total: 12.95B USD
- Number of unique user addresses:
- Total: 7,181 unique users
- Transaction fees:
- Past two weeks: 1.6M USD
- Total: 8.6M USD
- Link to Dashboard showing metrics:
https://dune.com/gains/gtrade-stats-arbitrum-stip
Plan from the Last Two Weeks
- Contracts that have been 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 distributedARB incentives for trading through a custom contract labelled above.
- Rewards were streamed weekly (per epoch)
- For LP Incentives: we distributed them once every week in the above labelled contracts and then it’s handled by those contracts throughout the week.
- Summary of incentives plan:
- For the last two weeks of the STIP, rather than spreading $ARB rewards over many categories, gTrade focused heavily on incentivizing absolute PnL for traders (epoch 12) and fee rebates (epoch 13) to analyze the effectiveness of this approach for all trading-related activities.