[Gamma] Bi-Weekly Update 3
Overview
Original Proposal and Snapshot
Recap of the Previous Two Weeks
Gamma has fully deployed its STIP program. The team continued to watch for changing market conditions and evaluate the performance of the incentives. Our Galxe campaign concluded on December 13, 2023. We also reorganized our STIP Dashboard to better show emissions per period and change control through the different periods.
The STIP continues accelerating every metric we evaluate, including user participation, total value locked (TVL), volume through vaults (VTV), fee production, and more. Gamma’s Arbitrum TVL is now $39 million.
Period 3 ran smoothly, and we’re looking forward to some optimizations for Period 4.
ARB Received Last Disbursement:
ARB Utilized as Incentives in the Last Two Weeks:
107,142.86
Contracts incentivized over the last 2 weeks:
Contract address label Form completed for all addresses.
Yes
ARB left over:
93,183.68 (from Period 1 start)
Plan for leftover ARB:
Continue to disperse ARB at steady rates.
Summary of incentives:
Camelot’s pools received approximately 40% of our incentives. Uniswap received about 33.3% of the available incentives, Ramses 16.7%, PancakeSwap 4% and SushiSwap 6%.
The incentives were spread over various pools, including blue chip pairs, Arbitrum-native projects, critical multichain infrastructure, stablecoins, and undercapitalized pools.
Incentives were distributed using Camelot Nitro, GammaChef, Angle Merkl, and Ramses’s MFD.
Additional Info / Disclosures to Multisig:
No disclosures or additional information.
Statistics
Average daily TVL:
$20,575,650 / day on incentivized vaults
Average daily transactions:
1,054 / day on incentivized vaults
Average daily volumes:
$39,097,905 / day on incentivized vaults
Number of unique user addresses:
1,909
Transaction fees:
$52,405 / day on incentivized vaults
Link to Dashboard showing metrics:
Metrics Tab
Next Period
Amount of ARB to be distributed: [Insert amount of ARB]
107,143
Contracts that will be incentivized:
New Camelot pairs added:
| Gamma Vault | Vault Address |
|---|---|
| WINR-USDC.e (narrow) | 0x7d89a94E486b6081E8683fbB879Aa0fdaFD1702d |
| SOL-USDC (narrow) | 0x1cf4293125913cB3Dea4aD7f2bb4795B9e896CE9 |
Contract address label Form completed for all addresses:
Yes
Mechanism for distribution incentives:
Incentives will be distributed using Camelot Nitro, GammaChef, Angle Merkl, and MFD.
Summary of incentives plan:
Camelot’s pools received approximately 40% of our incentives. Uniswap received about 33.33% of the available incentives, Ramses 16.67%, SushiSwap 6%, and PancakeSwap 4%.
The incentives will be spread over various pools, including blue chip pairs, Arbitrum-native projects, critical multichain infrastructure, several stablecoins, and several undercapitalized pools.
Summary of changes to the original plan:
No large-scale changes to the original plan.