# Magpie Ecosystem STIP.B Bi-Weekly Update (7/1/2024) **URL:** \ **Category:** Biweekly Updates (STIP)\ **Created:** [July 6, 2024, 11:50pm UTC](https://forum.arbitrum.foundation/t/magpie-ecosystem-stip-b-bi-weekly-update-7-1-2024/25367 "2024-07-06T23:50:24Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![Penpie](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/penpie/32/11263_2.png) [@Penpie](https://forum.arbitrum.foundation/u/Penpie)\ **Post date:** [July 6, 2024, 11:50pm UTC](https://forum.arbitrum.foundation/t/magpie-ecosystem-stip-b-bi-weekly-update-7-1-2024/25367/1 "2024-07-06T23:50:24Z")
# Magpie Ecosystem ![](https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/a/aadbabc5579634acd5cf0760470cef672ade85fc.png) ## Recap of the Previous Two Weeks ARB Received Last Disbursement: 104,167 ARB ARB Utilized as Incentives in the Last Two Weeks: 23,400 ARB ## Contracts incentivized over the last 2 weeks: Penpie - [Voting Incentives for the mPENDLE Pool on Pendle Finance](https://arbiscan.io/address/0x96DB7174d7039948227955eF3A6103eC47f196e8) Radpie - [Voting Incentives for the mdLP-dLP pair on PancakeSwap](https://arbiscan.io/address/0xA08d8e0aEe5929BcD6D72323A2EaCde4Cc951b71) Magpie - [Voting Incentives for the MGP-ETH pair on PancakeSwap](https://arbiscan.io/address/0xA08d8e0aEe5929BcD6D72323A2EaCde4Cc951b71) Contract address label [Form 47](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: [Insert Yes once Completed] ARB left over: 80,767 ## Plan for leftover ARB: Penpie: Incentivize voters to increase liquidity for the mPENDLE Pool on Pendle Finance Radpie: - Incentivize voters to increase liquidity on the mdLP-dLP Pool on PancakeSwap - Incentivize WBTC Pool depositors on Radpie Magpie: - Incentivize voters to increase liquidity for the MGP-ETH Pool on PancakeSwap Eigenpie: - Incentivize voters to increase liquidity for the mstETH-wstETH Pool on PancakeSwap Additional Info / Disclosures to Multisig: Here Answer - [Magpie Team’s multisig:](https://arbiscan.io/address/0xf433c2A2D6FACeCDd9Edd7B8cE9cEaaB96F41866) - [STIP Fund receive multisig:](https://arbiscan.io/address/0x356A5023340AD1f27C1Dc5B6B246E6599566E625) ## STATS (6/18 - 7/1) Penpie - Average daily TVL: $78,441,413 - Average daily transactions: 914 - Average daily volumes: N/A - Number of unique user addresses: 19,623 - Transaction fees: N/A - Link to Dashboard showing metrics: [Dune](https://dune.com/magpieanalytics/stip-metrics) Radpie - Average daily TVL: $14,043,000 - Average daily transactions: 68 - Average daily volumes: N/A - Number of unique user addresses: 3,287 - Transaction fees: N/A - Link to Dashboard showing metrics: [Dune](https://dune.com/magpieanalytics/stip-metrics) Magpie - Average daily TVL: $5,934,563 - Average daily transactions: 100 - Average daily volumes: N/A - Number of unique user addresses: 4,942 - Transaction fees: N/A - Link to Dashboard showing metrics: [Dune](https://dune.com/magpieanalytics/stip-metrics) ## Plan For the Next Two Weeks Amount of ARB to be distributed: 43,100 Penpie - Voting Incentives for the mPENDLE Pool on Pendle Finance: 16,000 ARB Radpie - Voting Incentives for the mdLP-dLP pair on PancakeSwap: 1,700 ARB - Incentives for the WBTC Pool on Radpie: 5,700 ARB Magpie - Voting Incentives for the MGP-ETH pair on PancakeSwap: 5,700 ARB Eigenpie - Voting Incentives for the mstETH-wstETH pair on PancakeSwap: 7,000 ARB - Voting Incentives for the mswETH-rswETH pair on PancakeSwap: 7,000 ARB Contracts that will be incentivized: Penpie - [Voting Incentives for the mPENDLE Pool on Pendle Finance:](https://arbiscan.io/address/0x96DB7174d7039948227955eF3A6103eC47f196e8) Radpie - [Voting Incentives for the mdLP-dLP pair on PancakeSwap](https://arbiscan.io/address/0xA08d8e0aEe5929BcD6D72323A2EaCde4Cc951b71) - [Incentives for the WBTC Pool on Radpie](https://arbiscan.io/address/0xc00921ef0d0eB0eaFde42A5e66a1bB4aF7aA9a05) Magpie - [Voting Incentives for the MGP-ETH pair on PancakeSwap](https://arbiscan.io/address/0xA08d8e0aEe5929BcD6D72323A2EaCde4Cc951b71) Eigenpie - [Voting Incentives for the mstETH-wstETH pair on PancakeSwap](https://arbiscan.io/address/0xA08d8e0aEe5929BcD6D72323A2EaCde4Cc951b71) Contract address label [Form 47](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: [Insert Yes once Completed] ## Mechanism for distribution incentives: Penpie - Voting Incentives for the mPENDLE Pool on Pendle Finance: Radpie - Voting Incentives for the mdLP-dLP pair on PancakeSwap - Incentives for the WBTC Pool on Radpie Magpie - Voting Incentives for the MGP-ETH pair on PancakeSwap Eigenpie - Voting Incentives for the mstETH-wstETH pair on PancakeSwap ## Summary of incentives plan: Penpie - mPENDLE Pool - 16,000 ARB to be used as incentives for mPENDLE pool voters on Pendle Radpie - mdLP-dLP Pool - 1,700 ARB to be used as incentives for mdLP-dLP pool voters on PancakeSwap - WBTC Liquidity Pool - 5,700 ARB to be used as incentives for WBTC pool depositors on Radpie Magpie - MGP-ETH Pool - 5,700 ARB to be used as incentives for MGP-ETH pool voters on PancakeSwap Eigenpie - mstETH-wstETH - 7,000 ARB to be used as incentives for mstETH-wstETH pool voters on PancakeSwap Summary of changes to the original plan: N/A