Magpie Ecosystem STIP.B Bi-Weekly Update (7/29/2024)

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: 208,334 ARB

ARB Utilized as Incentives in the Last Two Weeks: 34,720 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: 211,281

Plan for leftover ARB:

Penpie:

  • Incentivize voters to increase liquidity for the mPENDLE Pool on Pendle Finance

  • PENDLE RUSH

Radpie:

  • Incentivize voters to increase liquidity on the mdLP-dLP Pool on PancakeSwap

  • Incentivize WBTC Pool depositors on Radpie

  • dLP RUSH

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 (7/15 - 7/29)

Penpie

  • Average daily TVL: $81,587,894

  • Average daily transactions: 676

  • Average daily volumes: N/A

  • Number of unique user addresses: 20,063

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Radpie

  • Average daily TVL: $14,895,979

  • Average daily transactions: 943

  • Average daily volumes: N/A

  • Number of unique user addresses: 13,369

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Magpie

  • Average daily TVL: $7,5189,89

  • Average daily transactions: 240

  • Average daily volumes: N/A

  • Number of unique user addresses: 5,416

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Eigenpie

  • Average daily TVL: $123,178

  • Average daily transactions: 14

  • Average daily volumes: N/A

  • Number of unique user addresses: 86

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Plan For the Next Two Weeks

Amount of ARB to be distributed: 168,100

Penpie

  • Voting Incentives for the mPENDLE Pool on Pendle Finance: 16,000 ARB

  • PENDLE RUSH: 85,000 ARB

Radpie

  • Voting Incentives for the mdLP-dLP pair on PancakeSwap: 1,700 ARB

  • Incentives for the WBTC Pool on Radpie: 5,700 ARB

  • dLP RUSH: 40,000 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

  • PENDLE RUSH: ARB incentives for users who convert PENDLE into mPENDLE

Radpie

  • Voting Incentives for the mdLP-dLP pair on PancakeSwap

  • Incentives for the WBTC Pool on Radpie

  • dLP RUSH: ARB incentives for users who convert dLP into mdLP

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

  • PENDLE RUSH - 85,000 ARB to be used as incentives for PENDLE → mPENDLE converters

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

  • dLP RUSH - 40,000 ARB to be used as incentives for dLP → mdLP converters

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:

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