Biweekly update July 15th 2024
Recap of the Previous Two Weeks
ARB Received Last Disbursement on 04/07: 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: 39,689 ARB ( 0xfa62a3a0722a0af7739c23a361e2285f5b75ece7 )
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: 19,07 Million
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: 46,040 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.