Jones DAO Bi-Weekly STIP Updates

Jones DAO Bi-Weekly Update - Dec. 1st, 2023

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 571,430

ARB Utilized as Incentives in the Last Two Weeks:

Total ARB Distributed: 102,636

ARB Claimed by Users: 39,074

Contracts incentivized over the last 2 weeks:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form completed for all addresses: Yes

ARB left over: 432,355

Plan for leftover ARB:

Continue to incentivize Jones vault strategies according to the plan outlined in the STIP proposal.

Summary of incentives:

Incentives began streaming on November 28th. Holders of tokenized jGLP, jUSDC, & Arbitrum wjAURA strategies can claim incentives through the ‘Farms’ section of our dApp.

The protocol has seen a significant increase in TVL, Daily Transactions, and DAU since launch.

Additional Info / Disclosures to Multisig:

No additional information at this time.

STATS

Average daily TVL:

  • 14-Day Average: $16,560,706
  • 30-Day Average: $15,731,272

Average daily transactions:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 112
  • 30-Day Average: 59

Average daily volumes:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $908,343.53
  • 30-Day Average: $431,495.28

Number of unique user addresses:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 634
  • 30-Day Average: 744

Transaction fees:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $2,195.25
  • 30-Day Average: $2,539.00

Link to Dashboard showing metrics:

https://dune.com/rebeca/jones-dao-stip-performance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 571,430

Contracts that will be incentivized:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

Jones is utilizing a Minichef reward distributor contract to deliver ARB to users.

Rewards are streamed linearly and can be claimed at any time.

Summary of incentives plan:

The protocol plans to continue to incentivize the existing Farms. Adjustments to incentive weights may be made to jGLP & jUSDC 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.

3 Likes

Thank you for this update. Do you mind sharing the amount of deposit fees earned by the Incentives Receiver from the 2% fee you imposed strictly on the STIP deposits? Would love to see this going directly back to the users since you most definitely are not using this deposit fee to pay your treasury; unless you are infact doing so to benefit from the generous arbitrum STIP grant given to your team.

4 Likes

gm

Those figures can be found in the Dune we linked under the ‘Protocol Incentives’ category.

1 Like

Is that going back to the users or paying your treasury?

2 Likes

Hello anon imos.

Yes.

3 Likes

Jones DAO Bi-Weekly Update 12/15/2023

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 285,714

ARB Utilized as Incentives in the Last Two Weeks:

Total ARB Distributed: 359,227

Total ARB Claimed by Users: 240,510

Contracts incentivized over the last 2 weeks:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

ARB left over: 424,317

Plan for leftover ARB:

Jones plans to continue to incentivize vault strategies according to the plan outlined in our STIP proposal.

Please note that ARB leftover in our contracts each epoch may reflect ARB that has not yet been claimed by users, but has been allocated to them as rewards.

Summary of incentives:

Incentives began streaming on November 28th. Holders of tokenized jGLP, jUSDC, & Arbitrum wjAURA strategies can claim incentives through the ‘Farms’ section of our dApp.

Current Total Incentives Breakdown:

jGLP - 1M ARB

jUSDC - 260k ARB

Arbitrum wjAURA - 350k ARB

MV2 & Smart LP Strategy - 350k ARB

We’ve seen a significant increase in TVL, Daily Transactions, and DAU since launch.

Additional Info / Disclosures to Multisig:

No additional information at this time.

STATS

Average daily TVL:

jUSDC, jGLP, & wjAURA -

14-Day Average: $35,751,936

30-Day Average: $26,371,520

Average daily transactions:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 1,885
  • 30-Day Average: 3,484

Average daily volumes:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $565,814
  • 30-Day Average: $688,897

Number of unique user addresses:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 579
  • 30-Day Average: 1,052

Transaction fees:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $2,276
  • 30-Day Average: $4,520

Link to Dashboard showing metrics:

https://dune.com/rebeca/jones-dao-stip-performance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 235,714

Contracts that will be incentivized:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

Mechanism for distribution incentives:

Jones is utilizing a Minichef reward distributor contract to deliver ARB to users.

Users can access this reward distributor by depositing strategy tokens in STIP-specific Farms on our dApp.

Rewards are streamed linearly and can be claimed at any time.

Summary of incentives plan:

We plan to continue to incentivize our existing Farms. But may adjust incentive weights for jGLP & jUSDC as needed. If any weight changes are made, they will be shown in the next report.

Upon passing of the timeline extension proposal on Snapshot, the Jones community is discussing whether it is the best option to extend or not. Our decision will be reflected in the next report.

Summary of changes to the original plan:

No changes to report at this time.

Bi-Weekly Update 12.29

Jones DAO Bi-Weekly Update 12/29/2023

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 0

ARB Utilized as Incentives in the Last Two Weeks:

Total ARB Distributed: 359,227

ARB Claimed by Users: 250,254

Contracts incentivized over the last 2 weeks:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

ARB left over: 164,297

Plan for leftover ARB:

Jones plans to continue to incentivize vault strategies according to the plan outlined in our STIP proposal.

Please note that some ARB leftover in our contracts may reflect ARB that has not yet been claimed by users, but has been allocated to them as rewards.

Summary of incentives:

Incentives began streaming on November 28th. Holders of tokenized jGLP, jUSDC, & Arbitrum wjAURA strategies can claim incentives through the ‘Farms’ section of our dApp.

Current Total Incentives Breakdown:

jGLP - 1M ARB

jUSDC - 260k ARB

Arbitrum wjAURA - 350k ARB

MV2 & Smart LP Strategy - 350k ARB

We’ve seen a significant increase in TVL, Daily Transactions, and DAU since launch.

Additional Info / Disclosures to Multisig:

No additional information at this time.

STATS

Average daily TVL:

jUSDC, jGLP, & wjAURA -

14-Day Average: $40,260,363

30-Day Average: $37,364,825

Average daily transactions:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 1,298
  • 30-Day Average: 3,564

Average daily volumes:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $156,180
  • 30-Day Average: $404,986

Number of unique user addresses:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 449
  • 30-Day Average: 899

Transaction fees:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $1,215
  • 30-Day Average: $4,040

Link to Dashboard showing metrics:

https://dune.com/rebeca/jones-dao-stip-performance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 359,227

Contracts that will be incentivized:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

Mechanism for distribution incentives:

Jones is utilizing a Minichef reward distributor contract to deliver ARB to users.

Users can access this reward distributor by depositing strategy tokens in STIP-specific Farms on our dApp.

Rewards are streamed linearly and can be claimed at any time.

Summary of incentives plan:

We plan to continue to incentivize our existing Farms. But may adjust incentive weights for jGLP & jUSDC as needed. If any weight changes are made, they will be shown in the next report.

Upon passing of the timeline extension proposal on Snapshot, the Jones community is discussing whether it is the best option to extend or not. Discussions are still ongoing and will be reported if there is a change.

Summary of changes to the original plan:

No changes to report at this time.

Jones DAO Bi-Weekly Update 01/12/2024

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 857,145

ARB Utilized as Incentives in the Last Two Weeks:

Total ARB Distributed: 359,227

ARB Claimed by Users: 416,004

Contracts incentivized over the last 2 weeks:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

ARB left over: 443,303

Plan for leftover ARB:

Jones plans to continue to incentivize vault strategies according to the plan outlined in our STIP proposal.

Please note that some ARB leftover in our contracts may reflect ARB that has not yet been claimed by users, but has been allocated to them as rewards.

Summary of incentives:

Incentives began streaming on November 28th. Holders of tokenized jGLP, jUSDC, & Arbitrum wjAURA strategies can claim incentives through the ‘Farms’ section of our dApp.

Current Total Incentives Breakdown:

jGLP - 1M ARB

jUSDC - 260k ARB

Arbitrum wjAURA - 350k ARB

MV2 & Smart LP Strategy - 350k ARB

We’ve seen a significant increase in TVL, Daily Transactions, and DAU since launch.

Additional Info / Disclosures to Multisig:

No additional information at this time.

STATS

Average daily TVL:

jUSDC, jGLP, & wjAURA -

14-Day Average: $43,008,746

30-Day Average: $41,270,222

Average daily transactions:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 1,883
  • 30-Day Average: 3,391

Average daily volumes:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $337,245
  • 30-Day Average: $271,960

Number of unique user addresses:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 647
  • 30-Day Average: 935

Transaction fees:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $1,479
  • 30-Day Average: $3,036

Link to Dashboard showing metrics:

https://dune.com/rebeca/jones-dao-stip-performance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 359,227

Contracts that will be incentivized:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

Mechanism for distribution incentives:

Jones is utilizing a Minichef reward distributor contract to deliver ARB to users.

Users can access this reward distributor by depositing strategy tokens in STIP-specific Farms on our dApp.

Rewards are streamed linearly and can be claimed at any time.

Summary of incentives plan:

The protocol plans to continue to incentivize the existing Farms.

Summary of changes to the original plan:

Changes to jUSDC & jGLP Incentives -

Over the last two weeks, incentive amounts for jUSDC & jGLP were adjusted.

Previous split (% of incentives):

  • jAURA - 21.22%
  • jGLP - 63.02%
  • jUSDC - 15.76%

New split (% of incentives):

  • jAURA - 21.22% (no change)
  • jGLP - 53.78%
  • jUSDC - 25.00%

This represents an increase in STIP incentives for jUSDC and a decrease for jGLP, with no change for jAURA.

Potential Extension -

Upon passing of the timeline extension proposal on Snapshot, the Jones community is discussing whether it is the best option to extend or not. Discussions are still ongoing and a decision will be made before the next bi-weekly update. We will report our decision here at that time.

Jones DAO Bi-Weekly Update 01/26/2024

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 0

ARB Utilized as Incentives in the Last Two Weeks:

Total ARB Distributed: 359,227

ARB Claimed by Users: 282,674

Contracts incentivized over the last 2 weeks:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

ARB left over: 157,477

Plan for leftover ARB:

Jones plans to continue to incentivize vault strategies according to the plan outlined in our STIP proposal.

Please note that some ARB leftover in our contracts may reflect ARB that has not yet been claimed by users, but has been allocated to them as rewards.

Any ARB rewards leftover will be returned at the end of the campaign.

Summary of incentives:

Incentives began streaming on November 28th. Holders of tokenized jGLP, jUSDC, & Arbitrum wjAURA strategies can claim incentives through the ‘Farms’ section of our dApp.

Current Total Incentives Breakdown:

jGLP - 1M ARB

jUSDC - 260k ARB

Arbitrum wjAURA - 350k ARB

MV2 & Smart LP Strategy - 350k ARB

We’ve seen a significant increase in TVL, Daily Transactions, and DAU since launch.

Additional Info / Disclosures to Multisig:

No additional information at this time.

STATS

Average daily TVL:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $46,717,916
  • 30-Day Average: $44,590,163

Average daily transactions:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 2,101
  • 30-Day Average: 4,318

Average daily volumes:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $459,419
  • 30-Day Average: $454,437

Number of unique user addresses:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 582
  • 30-Day Average: 1,010

Transaction fees:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $1,499
  • 30-Day Average: $3,238

Link to Dashboard showing metrics:

https://dune.com/rebeca/jones-dao-stip-performance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 359,227

Contracts that will be incentivized:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

Mechanism for distribution incentives:

Jones is utilizing a Minichef reward distributor contract to deliver ARB to users.

Users can access this reward distributor by depositing strategy tokens in STIP-specific Farms on our dApp.

Rewards are streamed linearly and can be claimed at any time.

Summary of incentives plan:

Changes to jUSDC & jGLP Incentives -

Over the last two weeks, incentive amounts for jUSDC & jGLP were adjusted.

Previous split (% of incentives):

  • jAURA - 21.22%
  • jGLP - 63.02%
  • jUSDC - 15.76%

New split (% of incentives):

  • jAURA - 21.22% (no change)
  • jGLP - 53.78%
  • jUSDC - 25.00%

This represents an increase in STIP incentives for jUSDC and a decrease for jGLP, with no change for jAURA.

STIP Extension -

Upon passing of the timeline extension proposal on Snapshot, the Jones community has decided to extend the STIP program until March 29th.

For more details, please read this post.

Incentives will be concentrated around jUSDC & jGLP, using the portion of STIP tokens that was allocated towards projects that were not launched during the original STIP timeline. All deposit incentives to the STIP farms will be dropped.

Jones DAO Bi-Weekly Update 02/09/2024

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 285,710

ARB Utilized as Incentives in the Last Two Weeks:

Total ARB Distributed: 208,265

ARB Claimed by Users: 300,843

Contracts incentivized over the last 2 weeks:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

ARB left over: 463,389

Plan for leftover ARB:

Jones plans to continue to incentivize vault strategies according to the plan outlined in our STIP proposal.

Please note that some ARB leftover in our contracts may reflect ARB that has not yet been claimed by users, but has been allocated to them as rewards.

Any ARB rewards leftover will be returned at the end of the campaign.

Summary of incentives:

Incentives began streaming on November 28th. Holders of tokenized jGLP, jUSDC, & Arbitrum wjAURA strategies can claim incentives through the ‘Farms’ section of our dApp.

Total Incentives Breakdown:

jGLP - 1M ARB

jUSDC - 260k ARB

Arbitrum wjAURA - 350k ARB

MV2 & Smart LP Strategy - 350k ARB

We’ve seen a significant increase in TVL, Daily Transactions, and DAU since launch.

Additional Info / Disclosures to Multisig:

No additional information at this time.

STATS

Average daily TVL:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $44,871,141
  • 30-Day Average: $45,835,172

Average daily transactions:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 1,635
  • 30-Day Average: 4,150

Average daily volumes:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $245,588
  • 30-Day Average: $437,434

Number of unique user addresses:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 527
  • 30-Day Average: 855

Transaction fees:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $1,114
  • 30-Day Average: $2,893

Link to Dashboard showing metrics:

https://dune.com/rebeca/jones-dao-stip-performance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 84,482

Contracts that will be incentivized:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

Mechanism for distribution incentives:

Jones is utilizing a Minichef reward distributor contract to deliver ARB to users.

Users can access this reward distributor by depositing strategy tokens in STIP-specific Farms on our dApp.

Rewards are streamed linearly and can be claimed at any time.

Summary of incentives plan:

  1. Changes to jUSDC & jGLP Incentives -

Incentive amounts for jUSDC & jGLP were adjusted during the STIP campaign.

Split before change (% of incentives):

  • jAURA - 21.22%
  • jGLP - 63.02%
  • jUSDC - 15.76%

Split after change (% of incentives):

  • jAURA - 21.22% (no change)
  • jGLP - 53.78%
  • jUSDC - 25.00%

This represents an increase in STIP incentives for jUSDC and a decrease for jGLP, with no change for jAURA.

  1. STIP Extension -

Upon passing of the timeline extension proposal on Snapshot, the Jones community has decided to extend the STIP program until March 29th.

For me details, please read this post.

Incentives will be concentrated around jUSDC & jGLP, using the portion of STIP tokens that was allocated towards projects that were not launched during the original STIP timeline.

Jones DAO Bi-Weekly Update 02/23/2024

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 0

ARB Utilized as Incentives in the Last Two Weeks:

Total ARB Distributed: 84,482

ARB Claimed by Users: 142,918

Contracts incentivized over the last 2 weeks:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

ARB left over: 320,942

Plan for leftover ARB:

Jones plans to continue to incentivize vault strategies according to the plan outlined in our STIP proposal.

Please note that some ARB leftover in our contracts may reflect ARB that has not yet been claimed by users, but has been allocated to them as rewards.

Any ARB rewards leftover will be returned at the end of the campaign.

Summary of incentives:

Incentives began streaming on November 28th. Holders of tokenized jGLP, jUSDC, & Arbitrum wjAURA strategies can claim incentives through the ‘Farms’ section of our dApp.

Total Incentives Breakdown:

jGLP - 1M ARB

jUSDC - 260k ARB

Arbitrum wjAURA - 350k ARB

MV2 & Smart LP Strategy - 350k ARB

We’ve seen a significant increase in TVL, Daily Transactions, and DAU since launch.

Additional Info / Disclosures to Multisig:

No additional information at this time.

STATS

Average daily TVL:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $39,465,201
  • 30-Day Average: $42,736,441

Daily transactions:

jUSDC, jGLP, & wjAURA -

  • 14-Day Total: 1,077
  • 30-Day Total: 3,111

Average daily volumes:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: $189,716
  • 30-Day Average: $244,961

Number of unique user addresses:

jUSDC, jGLP, & wjAURA -

  • 14-Day Average: 393
  • 30-Day Average: 756

Transaction fees:

jUSDC, jGLP, & wjAURA -

  • 14-Day Total: $807
  • 30-Day Total: $2,133

Link to Dashboard showing metrics:

https://dune.com/rebeca/jones-dao-stip-performance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 84,482

Contracts that will be incentivized:

0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 12 completed for all addresses: Yes

Mechanism for distribution incentives:

Jones is utilizing a Minichef reward distributor contract to deliver ARB to users.

Users can access this reward distributor by depositing strategy tokens in STIP-specific Farms on our dApp.

Rewards are streamed linearly and can be claimed at any time.

Summary of incentives plan:

1. Changes to jUSDC & jGLP Incentives -

Incentive amounts for jUSDC & jGLP were adjusted during the STIP campaign.

Split before change (% of incentives):

  • jAURA - 21.22%
  • jGLP - 63.02%
  • jUSDC - 15.76%

Split after change (% of incentives):

  • jAURA - 21.22% (no change)
  • jGLP - 53.78%
  • jUSDC - 25.00%

This represents an increase in STIP incentives for jUSDC and a decrease for jGLP, with no change for jAURA.

2. STIP Extension -

Upon passing of the timeline extension proposal on Snapshot, the Jones community has decided to extend the STIP program until March 29th.

For me details, please read this post.

Incentives will be concentrated around jUSDC & jGLP, using the portion of STIP tokens that was allocated towards projects that were not launched during the original STIP timeline.