Magpie Ecosystem STIP.B Bi-Weekly Update (7/15/2024)

DAO Programs & Initiatives Biweekly Updates (STIP)
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Magpie Ecosystem

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Recap of the Previous Two Weeks

ARB Received Last Disbursement: 104,167 ARB

ARB Utilized as Incentives in the Last Two Weeks: 30,400 ARB

Contracts incentivized over the last 2 weeks:

Penpie

Radpie

Magpie

Eigenpie

Contract address label Form 47 completed for all addresses: [Insert Yes once Completed]

ARB left over: 50,367

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

STATS (7/1 - 7/15)

Penpie

  • Average daily TVL: $77,230,827

  • Average daily transactions: 707

  • Average daily volumes: N/A

  • Number of unique user addresses: 19,822

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Radpie

  • Average daily TVL: $15,008,887

  • Average daily transactions: 61

  • Average daily volumes: N/A

  • Number of unique user addresses: 3,365

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Magpie

  • Average daily TVL: $5,985,375

  • Average daily transactions: 152

  • Average daily volumes: N/A

  • Number of unique user addresses: 5,004

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Eigenpie

  • Average daily TVL: 11,958

  • Average daily transactions: 28.4

  • Average daily volumes: N/A

  • Number of unique user addresses: 42

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

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

Radpie

Magpie

Eigenpie

Contract address label Form 47 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
  • Voting Incentives for the mswETH-rwsETH 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
  • mswETH-rswtETH - 7,000 ARB to be used as incentives for mswETH-rswETH pool voters on PancakeSwap

Summary of changes to the original plan:

  • Radpie - The WBTC pool was not incentivized

  • Eigenpie - Incentives were not allocated for the mswETH-rswETH pair