Magpie Ecosystem STIP.B Bi-Weekly Update (8/12/2024)

Archive 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: 166,720 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: 148,728

Plan for leftover ARB:

Penpie:

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

  • STIP B PENDLE RUSH #2

Radpie:

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

  • Incentivize WBTC Pool depositors on Radpie

  • STIP B dLP RUSH #2

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 (7/29 - 8/12)

Penpie

  • Average daily TVL: $64,298,237

  • Average daily transactions: 667

  • Average daily volumes: N/A

  • Number of unique user addresses: 20,274

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Radpie

  • Average daily TVL: $17,938,682

  • Average daily transactions: 66

  • Average daily volumes: N/A

  • Number of unique user addresses: 13,143

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Magpie

  • Average daily TVL: $6,666,430

  • Average daily transactions: 145

  • Average daily volumes: N/A

  • Number of unique user addresses: 5,231

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Eigenpie

  • Average daily TVL: $309,019

  • Average daily transactions: 88

  • Average daily volumes: N/A

  • Number of unique user addresses: 132

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Plan For the Next Two Weeks

Amount of ARB to be distributed: 221,053

Penpie

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

  • STIP B PENDLE RUSH #2: 86,000 ARB

Radpie

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

  • Incentives for the WBTC Pool on Radpie: 4,320 ARB

  • STIP B dLP RUSH #2: 20,000 ARB

Magpie

  • Voting Incentives for the MGP-ETH pair on PancakeSwap: 5,700 ARB

Eigenpie

  • Voting Incentives for the mstETH-wstETH pair on PancakeSwap: 14,000 ARB

Campie

  • STIP B GRAIL RUSH: 60,000 ARB

  • WBTC-ETH (Gamma): 5,000 ARB

  • ETH-USDC (Gamma): 5,000 ARB

  • ARB-ETH (Gamma): 3,333 ARB

Contracts that will be incentivized:

Penpie

* STIP B PENDLE RUSH 2

Radpie

Magpie

Eigenpie

Campie

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

Campie

  • GRAIL RUSH: ARB incentives for users who convert GRAIL into mGRAIL

  • Incentives for the WBTC-ETH (Gamma) pool on Campie

  • Incentives for the ETH-USDC (Gamma) pool on Campie

  • Incentives for the ARB-ETH (Gamma) pool on Campie

Summary of incentives plan:

Penpie

  • mPENDLE Pool - 16,000 ARB to be used as incentives for mPENDLE pool voters on Pendle

  • PENDLE RUSH - 86,000 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 - 4,320 ARB to be used as incentives for WBTC pool depositors on Radpie

  • dLP RUSH - 20,000 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 - 14,000 ARB to be used as incentives for mstETH-wstETH pool voters on PancakeSwap

Campie

  • GRAIL RUSH - 60,000 ARB to be used as incentives for GRAIL → mGRAIL converters

  • WBTC-ETH Liquidity Pool - 5,000 ARB to be used as incentives for WBTC-ETH pool depositors on Campie

  • ETH-USDC Liquidity Pool - 5,000 ARB to be used as incentives for ETH-USDC pool depositors on Campie

  • ARB-ETH Liquidity Pool - 3,333 ARB to be used as incentives for ARB-ETH pool depositors on Campie

Summary of changes to the original plan:

Eigenpie - Incentives were not allocated for the mswETH-rswETH pair and were used to incentivize the mstETH-wstETH pair instead.