# Galxe Bi-Weekly Update (12/01/2023)

**URL:** https://forum.arbitrum.foundation/t/galxe-bi-weekly-update-12-01-2023/19853
**Category:** Biweekly Updates (STIP)
**Created:** [December 1, 2023, 4:13pm UTC](https://forum.arbitrum.foundation/t/galxe-bi-weekly-update-12-01-2023/19853 "2023-12-01T16:13:48Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![Galxe](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/galxe/32/4149_2.png) [@Galxe](https://forum.arbitrum.foundation/u/Galxe)
#### Post date: [December 1, 2023, 4:13pm UTC](https://forum.arbitrum.foundation/t/galxe-bi-weekly-update-12-01-2023/19853/1 "2023-12-01T16:13:48Z")

</div>

**ARB Received Last Disbursement:** 142,856

**ARB Utilized as Incentives in the Last Two Weeks:** 119,886

**Contracts incentivized over the last 2 weeks:** 0xeE2385F996C0C895eD874278368f46f78055d2BE

**Contract address label [Form](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses:** Yes

**ARB left over:** 380,114

**Plan for leftover ARB:** As proposed in our STIP proposal, Galxe will have a wave two and three of incentivizing protocol-level activity across the Arbitrum ecosystem

**Summary of incentives:** Users are eligible to claim ARB incentives on Galxe from the token reward campaigns following the verification of their eligibility on Galxe after the completion of the required credentials of each protocol.

**Additional Info / Disclosures to Multisig:** n/a

## STATS

**Average daily TVL:** n/a

**Average daily transactions:** 15,026.86

**Average daily volumes:** n/a

**Number of unique user addresses:** still gathering this data

**Transaction fees:** n/a at this time due to it happening on the protocol level and not on Galxe

**Link to Dashboard showing metrics:** [https://www.openblocklabs.com/app/arbitrum/grantees/Galxe](https://www.openblocklabs.com/app/arbitrum/grantees/Galxe)

## Plan For the Next Two Weeks

**Amount of ARB to be distributed:** n/a - the first wave of campaigns will end in two weeks and no new ARB will be incentivized during this period. Eligible users can begin claiming their ARB rewards at the end of the first wave of campaigns in two weeks.

**Contracts that will be incentivized:** 0xeE2385F996C0C895eD874278368f46f78055d2BE

**Contract address label [Form](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses:** Yes

**Mechanism for distribution incentives:** via Galxe’s token reward module following user verification of completed credentials

**Summary of incentives plan:** Users are eligible to claim ARB incentives on Galxe from the token reward campaigns following the verification of their eligibility on Galxe after the completion of the required credentials of each protocol.

**Summary of changes to the original plan:** No changes at this time