# Magpie Ecosystem STIP.B Bi-Weekly Update (8/12/2024) **URL:** \ **Category:** Biweekly Updates (STIP)\ **Created:** [August 13, 2024, 3:21am UTC](https://forum.arbitrum.foundation/t/magpie-ecosystem-stip-b-bi-weekly-update-8-12-2024/26336 "2024-08-13T03:21:42Z")\ **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:** [August 13, 2024, 3:21am UTC](https://forum.arbitrum.foundation/t/magpie-ecosystem-stip-b-bi-weekly-update-8-12-2024/26336/1 "2024-08-13T03:21:43Z")
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: 166,720 ARB Contracts incentivized over the last 2 weeks: Penpie - [Voting Incentives for the mPENDLE Pool on Pendle Finance](https://arbiscan.io/address/0x96DB7174d7039948227955eF3A6103eC47f196e8) - [STIP B PENDLE RUSH](https://arbiscan.io/address/0x14fFF80639a25897CDC5dC10ADe74Fd18989481b) Radpie - [Voting Incentives for the mdLP-dLP pair on PancakeSwap](https://arbiscan.io/address/0xA08d8e0aEe5929BcD6D72323A2EaCde4Cc951b71) - [ARB Incentives for the WBTC Pool on Radpie](https://arbiscan.io/address/0xc00921ef0d0eB0eaFde42A5e66a1bB4aF7aA9a05) - [STIP B dLP RUSH](https://arbiscan.io/address/0x5B566B25A5a928A0ae23076B3422803D8D7fbc9A) 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] 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 - [Magpie Team’s multisig:](https://arbiscan.io/address/0xf433c2A2D6FACeCDd9Edd7B8cE9cEaaB96F41866) - [STIP Fund receive multisig:](https://arbiscan.io/address/0x356A5023340AD1f27C1Dc5B6B246E6599566E625) ## 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](https://dune.com/magpieanalytics/stip-metrics) 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](https://dune.com/magpieanalytics/stip-metrics) 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](https://dune.com/magpieanalytics/stip-metrics) 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](https://dune.com/magpieanalytics/stip-metrics) ## 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 - [Voting Incentives for the mPENDLE Pool on Pendle Finance:](https://arbiscan.io/address/0x96DB7174d7039948227955eF3A6103eC47f196e8) [\* STIP B PENDLE RUSH 2](https://arbiscan.io/address/0xfe416f6945f813fe5aa0a2329dea116b906cb14b) 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) - [STIP B dLP RUSH 2](https://arbiscan.io/address/0xA8C2d11E942E56aBD95ffA4681B79981c8C36613) 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) Campie - STIP B GRAIL RUSH 1 (to be deployed) - [WBTC-ETH (Gamma)](https://arbiscan.io/address/0xc00921ef0d0eB0eaFde42A5e66a1bB4aF7aA9a05) - [ETH-USDC (Gamma)](https://arbiscan.io/address/0xc00921ef0d0eB0eaFde42A5e66a1bB4aF7aA9a05) - [ARB-ETH (Gamma)](https://arbiscan.io/address/0xc00921ef0d0eB0eaFde42A5e66a1bB4aF7aA9a05) 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 - 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.