[Lodestar Finance] Bi-Weekly Update [01/07/2024]

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Recap of the Previous Two Weeks

ARB Received Last Disbursement: 62,500 ARB

ARB Utilized as Incentives in the Last Two Weeks: 46,040 ARB
Contracts incentivized over the last 2 weeks:

v1lDPX: 0x5d27cFf80dF09f28534bb37d386D43aA60f88e25|
v1lFRAX: 0xD12d43Cdf498e377D3bfa2c6217f05B466E14228
v1lMAGIC: 0xf21Ef887CB667f84B8eC5934C1713A7Ade8c38Cf
v1lPLVGLP: 0xeA0a73c17323d1a9457D722F10E7baB22dc0cB83
v1lUSDC.e: 0x1ca530f02DD0487cef4943c674342c5aEa08922F
v1lUSDT: 0x9365181A7df82a1cC578eAE443EFd89f00dbb643
v1lWBTC: 0xC37896BF3EE5a2c62Cdbd674035069776f721668
v1lDAI: 0x4987782da9a63bC3ABace48648B15546D821c720
v1lETH: 0x2193c45244AF12C280941281c8aa67dD08be0a64
v1lARB: 0x8991d64fe388fA79A4f7Aa7826E8dA09F0c3C96a
v1lWSTETH: 0xfECe754D92bd956F681A941Cef4632AB65710495
v1lGMX: 0x79B6c5e1A7C0aD507E1dB81eC7cF269062BAb4Eb
v1lUSDC: 0x4C9aAed3b8c443b4b634D1A189a5e25C604768dE
v1lPENDLE: 0x39c27dfdc9364a976926a820c8caa8fd035d0727
Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

Contract address label Form completed for all addresses: Yes

ARB left over: 8,340 ARB

Plan for leftover ARB: Same distribution plan as previous 2 weeks

Summary of incentives:

  • 85% of the weekly incentives used to incentivise market participants, rewarding lenders and borrowers with ARB incentives proportionally to their total position valued in ETH following 2 random weekly snapshots.

  • 15% of the weekly incentives distributed through Hidden Hand to incentivise the LODE emission gauge participation. Bribes deposited by partners and ecosystem DAOs are matched 1:1.

Read our approved STIP addendun for more details: [FINAL] Lodestar Finance STIP Addendum

Additional Info / Disclosures to Multisig: N/A

STATS

Average daily TVL: 17,53 Million

Average daily transactions: [Insert stat]

Average daily volumes: [Insert stat]

Number of unique user addresses:

Fees:

Link to Dashboard showing metrics): https://dune.com/shogun/lodestar-finance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 62,500 ARB

Contracts that will be incentivized:

v1lDPX: 0x5d27cFf80dF09f28534bb37d386D43aA60f88e25|
v1lFRAX: 0xD12d43Cdf498e377D3bfa2c6217f05B466E14228
v1lMAGIC: 0xf21Ef887CB667f84B8eC5934C1713A7Ade8c38Cf
v1lPLVGLP: 0xeA0a73c17323d1a9457D722F10E7baB22dc0cB83
v1lUSDC.e: 0x1ca530f02DD0487cef4943c674342c5aEa08922F
v1lUSDT: 0x9365181A7df82a1cC578eAE443EFd89f00dbb643
v1lWBTC: 0xC37896BF3EE5a2c62Cdbd674035069776f721668
v1lDAI: 0x4987782da9a63bC3ABace48648B15546D821c720
v1lETH: 0x2193c45244AF12C280941281c8aa67dD08be0a64
v1lARB: 0x8991d64fe388fA79A4f7Aa7826E8dA09F0c3C96a
v1lWSTETH: 0xfECe754D92bd956F681A941Cef4632AB65710495
v1lGMX: 0x79B6c5e1A7C0aD507E1dB81eC7cF269062BAb4Eb
v1lUSDC: 0x4C9aAed3b8c443b4b634D1A189a5e25C604768dE
v1lPENDLE: 0x39c27dfdc9364a976926a820c8caa8fd035d0727
Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

Contract address label Form completed for all addresses: [Insert Yes once Completed]

Mechanism for distribution incentives: Market Participant incentives airdroped directly to their wallet/contract. Voting incentives distributed through Hidden Hand bribe market.

Summary of incentives plan:

  • 85% of the weekly incentives used to incentivise market participants, rewarding lenders and borrowers with ARB incentives proportionally to their total position valued in ETH following 2 random weekly snapshots.

  • 15% of the weekly incentives distributed through Hidden Hand to incentivise the LODE emission gauge participation. Bribes deposited by partners and ecosystem DAOs are matched 1:1.

Summary of changes to the original plan: No changes.

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