[Lodestar Finance] Bi-Weekly Update

[LodestarFinanceDAO]

Biweekly update 1st December

Overview:

Since the commencement of the Arbitrum STIP program, Lodestar Finance has experienced measurable growth across various operational metrics. This period has shown a significant rise in Total Value Locked (TVL), an expanding user base, heightened lending and borrowing activity, increased gauge participation, and an uptick in protocol revenues.

ARB Received Last Disbursement: 107,143 ARB

ARB Utilized as Incentives in the Last Two Weeks: 107,142 ARB

Contracts incentivized over the last 2 weeks:

Contract name	Contract address	Amount
v1lDPX	0x5d27cFf80dF09f28534bb37d386D43aA60f88e25	4071,36 ARB
v1lFRAX	0xD12d43Cdf498e377D3bfa2c6217f05B466E14228	4071,36 ARB
v1lMAGIC	0xf21Ef887CB667f84B8eC5934C1713A7Ade8c38Cf	4071,36 ARB
v1lPLVGLP	0xeA0a73c17323d1a9457D722F10E7baB22dc0cB83	2035,68 ARB
v1lUSDC.e	0x1ca530f02DD0487cef4943c674342c5aEa08922F	4071,36 ARB
v1lUSDT	0x9365181A7df82a1cC578eAE443EFd89f00dbb643	4071,36 ARB
v1lWBTC	0xC37896BF3EE5a2c62Cdbd674035069776f721668	4071,36 ARB
v1lDAI	0x4987782da9a63bC3ABace48648B15546D821c720	4071,36 ARB
v1lETH	0x2193c45244AF12C280941281c8aa67dD08be0a64	4071,36 ARB
v1lARB	0x8991d64fe388fA79A4f7Aa7826E8dA09F0c3C96a	4071,36 ARB
v1lWSTETH	0xfECe754D92bd956F681A941Cef4632AB65710495	4071,36 ARB
v1lGMX	0x79B6c5e1A7C0aD507E1dB81eC7cF269062BAb4Eb	4071,36 ARB
v1lUSDC	0x4C9aAed3b8c443b4b634D1A189a5e25C604768dE	4071,36 ARB
Voting Power Proxy	0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146	2679 ARB

Contract address label Form 8 completed for all addresses: Yes

ARB left over: 1

Plan for leftover ARB:

• Following our weekly distribution plan as described in our STIP proposal: [LODESTAR FINANCE] [FINAL] [STIP - Round 1]

Summary of incentives:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.

• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

STATS:

Average daily TVL: $47,38 Million

Average daily volumes: $1,58 Million

Number of unique user addresses:

Fees average 14d: $ 2,350

Link to Dashboard showing metrics (please be aware that some of these data may be calculated incorrectly): https://dune.com/shogun/lodestar-finance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 107,142 ARB

Contracts that will be incentivized:

Contract name	Contract address	Amount
v1lDPX	0x5d27cFf80dF09f28534bb37d386D43aA60f88e25	4071,36 ARB
v1lFRAX	0xD12d43Cdf498e377D3bfa2c6217f05B466E14228	4071,36 ARB
v1lMAGIC	0xf21Ef887CB667f84B8eC5934C1713A7Ade8c38Cf	4071,36 ARB
v1lPLVGLP	0xeA0a73c17323d1a9457D722F10E7baB22dc0cB83	2035,68
v1lUSDC.e	0x1ca530f02DD0487cef4943c674342c5aEa08922F	4071,36 ARB
v1lUSDT	0x9365181A7df82a1cC578eAE443EFd89f00dbb643	4071,36 ARB
v1lWBTC	0xC37896BF3EE5a2c62Cdbd674035069776f721668	4071,36 ARB
v1lDAI	0x4987782da9a63bC3ABace48648B15546D821c720	4071,36 ARB
v1lETH	0x2193c45244AF12C280941281c8aa67dD08be0a64	4071,36 ARB
v1lARB	0x8991d64fe388fA79A4f7Aa7826E8dA09F0c3C96a	4071,36 ARB
v1lWSTETH	0xfECe754D92bd956F681A941Cef4632AB65710495	4071,36 ARB
v1lGMX	0x79B6c5e1A7C0aD507E1dB81eC7cF269062BAb4Eb	4071,36 ARB
v1lUSDC	0x4C9aAed3b8c443b4b634D1A189a5e25C604768dE	4071,36 ARB
Voting Power Proxy	0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146	2679 ARB

Contract address label Form 8 completed for all addresses: Yes

Mechanism for distribution incentives: Biweekly random snapshot position of the user + snapshot of the voting power utilised during the epoch, followed by a weekly airdrop of the incentives directly to the user’s wallet.

Summary of incentives plan:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.

• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

Summary of changes to the original plan: No changes from the original plan

[LodestarFinanceDAO]

Biweekly update 15th December

ARB Received Last Disbursement: 107,143 ARB

ARB Utilized as Incentives in the Last Two Weeks: 107,142 ARB

Contracts incentivized over the last 2 weeks:

Contract name	Contract address	Amount
v1lDPX	0x5d27cFf80dF09f28534bb37d386D43aA60f88e25	4071,36 ARB
v1lFRAX	0xD12d43Cdf498e377D3bfa2c6217f05B466E14228	4071,36 ARB
v1lMAGIC	0xf21Ef887CB667f84B8eC5934C1713A7Ade8c38Cf	4071,36 ARB
v1lPLVGLP	0xeA0a73c17323d1a9457D722F10E7baB22dc0cB83	2035,68 ARB
v1lUSDC.e	0x1ca530f02DD0487cef4943c674342c5aEa08922F	4071,36 ARB
v1lUSDT	0x9365181A7df82a1cC578eAE443EFd89f00dbb643	4071,36 ARB
v1lWBTC	0xC37896BF3EE5a2c62Cdbd674035069776f721668	4071,36 ARB
v1lDAI	0x4987782da9a63bC3ABace48648B15546D821c720	4071,36 ARB
v1lETH	0x2193c45244AF12C280941281c8aa67dD08be0a64	4071,36 ARB
v1lARB	0x8991d64fe388fA79A4f7Aa7826E8dA09F0c3C96a	4071,36 ARB
v1lWSTETH	0xfECe754D92bd956F681A941Cef4632AB65710495	4071,36 ARB
v1lGMX	0x79B6c5e1A7C0aD507E1dB81eC7cF269062BAb4Eb	4071,36 ARB
v1lUSDC	0x4C9aAed3b8c443b4b634D1A189a5e25C604768dE	4071,36 ARB
Voting Power Proxy	0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146	2679 ARB

Contract address label Form 8 completed for all addresses: Yes

ARB left over: 1

Plan for leftover ARB:

• Following our weekly distribution plan as described in our STIP proposal: [LODESTAR FINANCE] [FINAL] [STIP - Round 1]

Summary of incentives:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

STATS:

TVL: $47.5 Million

Number of unique user addresses:

Fees:

Link to Dashboard showing metrics (please be aware that some of these data may be calculated incorrectly): https://dune.com/shogun/lodestar-finance

Plan For the Next Two Weeks

Amount of ARB to be distributed: 107,142 ARB

Contracts that will be incentivized:

Contract name	Contract address	Amount
v1lDPX	0x5d27cFf80dF09f28534bb37d386D43aA60f88e25	4071,36 ARB
v1lFRAX	0xD12d43Cdf498e377D3bfa2c6217f05B466E14228	4071,36 ARB
v1lMAGIC	0xf21Ef887CB667f84B8eC5934C1713A7Ade8c38Cf	4071,36 ARB
v1lPLVGLP	0xeA0a73c17323d1a9457D722F10E7baB22dc0cB83	2035,68
v1lUSDC.e	0x1ca530f02DD0487cef4943c674342c5aEa08922F	4071,36 ARB
v1lUSDT	0x9365181A7df82a1cC578eAE443EFd89f00dbb643	4071,36 ARB
v1lWBTC	0xC37896BF3EE5a2c62Cdbd674035069776f721668	4071,36 ARB
v1lDAI	0x4987782da9a63bC3ABace48648B15546D821c720	4071,36 ARB
v1lETH	0x2193c45244AF12C280941281c8aa67dD08be0a64	4071,36 ARB
v1lARB	0x8991d64fe388fA79A4f7Aa7826E8dA09F0c3C96a	4071,36 ARB
v1lWSTETH	0xfECe754D92bd956F681A941Cef4632AB65710495	4071,36 ARB
v1lGMX	0x79B6c5e1A7C0aD507E1dB81eC7cF269062BAb4Eb	4071,36 ARB
v1lUSDC	0x4C9aAed3b8c443b4b634D1A189a5e25C604768dE	4071,36 ARB
Voting Power Proxy	0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146	2679 ARB

Contract address label Form 8 completed for all addresses: Yes

Mechanism for distribution incentives: Biweekly random snapshot position of the user + snapshot of the voting power utilised during the epoch, followed by a weekly airdrop of the incentives directly to the user’s wallet.

Summary of incentives plan:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

Summary of changes to the original plan: No changes from the original plan

[LodestarFinanceDAO]

Biweekly update january 2nd 2024

ARB Received Last Disbursement: 107,143 ARB

ARB Utilized as Incentives in the Last Two Weeks: 107,142 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

• The above contracts were incentivised evenly proportionally to their TVL calculated in ETH with 101,789.9 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 5,357.1 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

ARB left over: 1

Plan for leftover ARB:

• Following our weekly distribution plan as described in our STIP proposal: [LODESTAR FINANCE] [FINAL] [STIP - Round 1]

Summary of incentives:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

STATS:

TVL: $48.8 Million

Number of unique user addresses:

Fees:

Link to Dashboard showing metrics (please be aware that some of these data may be calculated incorrectly): https://dune.com/shogun/lodestar-finance
Link to the OpenBlock Labs dashboard: https://www.openblocklabs.com/app/arbitrum/grantees/Lodestar

Plan For the Next Two Weeks

Amount of ARB to be distributed: 56,074 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

• The above contracts will be incentivised evenly and proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

Mechanism for distribution incentives: Biweekly random snapshot position of the user + snapshot of the voting power utilised during the epoch, followed by a weekly airdrop of the incentives directly to the user’s wallet.

Summary of incentives plan:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

Summary of changes to the original plan:

A proposal passed our on-chain governance to extend the distribution of the Arbitrum STIP Grant to the 31st March 2024 following the recent STIP Extension.
Additionally, during previous distribution, an error occurred in our distribution system and some users were missed from the Snapshot. These users were compensated with ARB from the STIP grant, please find attached a post mortem from our Dev Team:

Post-mortem

The Lodestar grant distribution process we utilize, which is code that we run each Sunday after the Voting process in the Voting Gauge closes, and part of that distribution looks at the market participants (suppliers and borrowers) in the Lodestar protocol in order to distribute the owed ARB to participants proportionally based on their supplier and borrow balances at the time of each of two weekly, randomized snapshots. The data used for the distribution is pulled from our subgraph that we host. This subgraph contains information about health, suppliers, borrowers, amounts, liquidations and more. In the context of the market participants distribution process, we rely on the subgraph for information at two randomized blocks containing:

• Suppliers
• Borrowers
• Supplied amounts
• Borrowed amounts

Prior to the STIP we had about 2000-2500 unique users that had used the protocol in one capacity or another. As the STIP started, it which coincided along with a Galxe campaign that was being run, had a profound impact on our unique user count. While this is a fantastic outcome and we have since seen the unique user count grow to 7142, we unfortunately experienced a limitation with how we were querying data from our subgraph as we crossed over the 6000 threshold. The distribution code used a query structure which involved first and skip parameters, which lets you essentially say: “query the first x records, and skip the first x results”, which we used to loop over the results in our subgraph and return all of the users. Unfortunately, as we passed over 6000 unique users we found out that the graph api has a limitation with skipped values and cannot skip more than 5000 records, due to performance reasons, which capped the return records at 6000. This meant that during our distribution cycle we inadvertently missed some addresses that were market participants and as a result they were not sent the ARB they were owed. After a few users raised the issue to us, we investigated further and diagnosed the issue along with compensating the missing participants accordingly with another airdrop.

How will we ensure this doesn’t happen again?

We have implemented a few optimizations, logical checks and tests. This is a prospective set of solutions, and ones we are actively monitoring and testing:

1. We have structured our query setup to look at the subgraph results in an ascending order, loop and pull all of the market participants, and then do the same thing but in descending order. While slightly inefficient performance wise, it captures the entirety of our user base and allows for a large amount of growth before hitting any other limitations. In the meantime, we are also actively working on testing and deploying a new, optimized subgraph with more filterable options to facilitate more optimized, performant and scalable queries.
2. We have implemented logical checks in the code itself during runtime to compare and ensure that the looped over data supply and borrow balances from market participants is within 1% to the overall computed totals that the subgraph outputs for all supply and borrow TVL.
3. We have implemented tests to compare weekly output results to previous weeks, checking the delta of ARB owed between users and investigating any swings or discrepancies (removed supply from the market versus the week prior, repaid part of their borrowed amount, added to their supply, etc).
4. We perform manual checks on multiple larger market participants to ensure there are no unexplainable discrepancies between their owed ARB and ensure it’s accurate relative to what they have supplied and borrowed in the markets.

[LodestarFinanceDAO]

Biweekly update january 15nd 2024

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

• The above contracts were incentivised evenly proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

ARB left over: 1

Plan for leftover ARB:

• Following our weekly distribution plan as described in our STIP proposal: [LODESTAR FINANCE] [FINAL] [STIP - Round 1]

Summary of incentives:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

STATS:

TVL: $45.9 Million

Number of unique user addresses:

Fees:

Link to Dashboard showing metrics (please be aware that some of these data may be calculated incorrectly): https://dune.com/shogun/lodestar-finance
Link to the OpenBlock Labs dashboard: https://www.openblocklabs.com/app/arbitrum/grantees/Lodestar

Plan For the Next Two Weeks

Amount of ARB to be distributed: 56,074 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

• The above contracts will be incentivised evenly and proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

Mechanism for distribution incentives: Biweekly random snapshot position of the user + snapshot of the voting power utilised during the epoch, followed by a weekly airdrop of the incentives directly to the user’s wallet.

Summary of incentives plan:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

[LodestarFinanceDAO]

Biweekly update january 31st 2024

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
v1lMIM: 0x929cC7EBa600CcB3FAf5494210206C93219CcB28

• The above contracts were incentivised evenly proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

Plan for leftover ARB:

• Following our weekly distribution plan as described in our STIP proposal: [LODESTAR FINANCE] [FINAL] [STIP - Round 1]

Summary of incentives:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

STATS:

TVL: $51.4 Million

Number of unique user addresses:

Fees:

Link to Dashboard showing metrics (please be aware that some of these data may be calculated incorrectly): https://dune.com/shogun/lodestar-finance
Link to the OpenBlock Labs dashboard: https://www.openblocklabs.com/app/arbitrum/grantees/Lodestar

Plan For the Next Two Weeks

Amount of ARB to be distributed: 56,074 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
v1lMIM: 0x929cC7EBa600CcB3FAf5494210206C93219CcB28

• The above contracts will be incentivised evenly and proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

Mechanism for distribution incentives: Biweekly random snapshot position of the user + snapshot of the voting power utilised during the epoch, followed by a weekly airdrop of the incentives directly to the user’s wallet.

Summary of incentives plan:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

[LodestarFinanceDAO]

Biweekly update February 19th 2024

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

• The above contracts were incentivised evenly proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

Plan for leftover ARB:

• Following our weekly distribution plan as described in our STIP proposal: [LODESTAR FINANCE] [FINAL] [STIP - Round 1]

Summary of incentives:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

STATS:

TVL: $52.47 Million

Number of unique user addresses:

Fees:

Link to Dashboard showing metrics (please be aware that some of these data may be calculated incorrectly): https://dune.com/shogun/lodestar-finance
Link to the OpenBlock Labs dashboard: OpenBlock Labs

Plan For the Next Two Weeks

Amount of ARB to be distributed: 56,074 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

• The above contracts will be incentivised evenly and proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

Mechanism for distribution incentives: Biweekly random snapshot position of the user + snapshot of the voting power utilised during the epoch, followed by a weekly airdrop of the incentives directly to the user’s wallet.

Summary of incentives plan:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

[LodestarFinanceDAO]

Biweekly update March 15th 2024

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

• The above contracts were incentivised evenly proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

Plan for leftover ARB:

• Following our weekly distribution plan as described in our STIP proposal: [LODESTAR FINANCE] [FINAL] [STIP - Round 1]

Summary of incentives:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

STATS:

TVL: $58.21 Million

Number of unique user addresses:

Fees:

Link to Dashboard showing metrics (please be aware that some of these data may be calculated incorrectly): https://dune.com/shogun/lodestar-finance
Link to the OpenBlock Labs dashboard: OpenBlock Labs

Plan For the Next Two Weeks

Amount of ARB to be distributed: 56,074 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

• The above contracts will be incentivised evenly and proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

Mechanism for distribution incentives: Biweekly random snapshot position of the user + snapshot of the voting power utilised during the epoch, followed by a weekly airdrop of the incentives directly to the user’s wallet.

Summary of incentives plan:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

[LodestarFinanceDAO]

Biweekly update April 1st 2024

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

• The above contracts were incentivised evenly proportionally to their TVL calculated in ETH with 53,270.3 ARB tokens

Voting Power Proxy: 0xFf4eF7844fAFF2bb20a8ba5E479b0a67d8642146

• Voting contract was incentivised with 2,803.7 ARB tokens proportionally to the voting power exercised

Contract address label Form 8 completed for all addresses: Yes

Summary of incentives:

• 95% of the incentives are distributed weekly among all market participants (the term “market participants” refers to depositors and borrowers in the Lodestar markets and does not include LODE liquidity providers or stakers). Each market participant is entitled to proportional ARB rewards based on the ETH value of their deposits and borrows relative to the ETH value of all deposits and borrows.
• 5% of the incentives are distributed among all emission gauge participants, proportionally to their voting participation.

STATS:

TVL: $41.09 Million

Number of unique user addresses:

Fees:

Link to Dashboard showing metrics (please be aware that some of these data may be calculated incorrectly): https://dune.com/shogun/lodestar-finance
Link to the OpenBlock Labs dashboard: OpenBlock Labs

Plan for leftover ARB:

• 158.78 ARB remain in the Lodestar STIP Multisig and will be sent back to the DAO’s treasury

---

As this first STIP Grant season ends, the Lodestar DAO would like to thank all the Arbitrum DAO members and participants, users and partners for their support during this campaign.

We remain available at anytime to answer questions and we will be following the development of the STIP-bridge and LTIP program to keep the Arbitrum ecosystem ahead in the L2 race.