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.