[Lodestar Finance] Bi-Weekly Update

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:

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