Magpie Ecosystem STIP.B Bi-Weekly Update (9/9/2024)

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: 104,165 ARB

ARB Utilized as Incentives in the Last Two Weeks: 129,053 ARB

Contracts incentivized over the last 2 weeks:

Penpie

Radpie

Campie

Magpie

Eigenpie

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

ARB left over: 94,249

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

  • STIP dLP RUSH #3

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

Campie:

  • Incentivize WBTC-ETH (GAMA) depositors on Campie

  • Incentivize ETH-USDC (GAMA) depositors on Campie

  • Incentivize ARB-ETH (GAMA) depositors on Campie

Additional Info / Disclosures to Multisig: Here Answer

STATS (8/26 - 9/9)

Penpie

  • Average daily TVL: $54,740,806

  • Average daily transactions: 336

  • Average daily volumes: N/A

  • Number of unique user addresses: 20,579

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Radpie

  • Average daily TVL: $19,108,503

  • Average daily transactions: 65

  • Average daily volumes: N/A

  • Number of unique user addresses: 14,763

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Magpie

  • Average daily TVL: $4,251,974

  • Average daily transactions: 219

  • Average daily volumes: N/A

  • Number of unique user addresses: 5,394

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Eigenpie

  • Average daily TVL: $551,922

  • Average daily transactions: 41.7

  • Average daily volumes: N/A

  • Number of unique user addresses: 162

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Campie

  • Average daily TVL: $1,900,000

  • Average daily transactions: 23.8

  • Average daily volumes: N/A

  • Number of unique user addresses: 575

  • Transaction fees: N/A

  • Link to Dashboard showing metrics: Dune

Plan For the Next Two Weeks

Amount of ARB to be distributed: 94,249

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: 4,320 ARB

  • STIP B dLP RUSH #3: 21,096 ARB

Magpie

  • Voting Incentives for the MGP-ETH pair on PancakeSwap: 5,800 ARB

Eigenpie

  • Voting Incentives for the mstETH-wstETH pair on PancakeSwap: 30,000 ARB

Campie

  • WBTC-ETH (Gamma): 5,000 ARB

  • ETH-USDC (Gamma): 5,000 ARB

  • ARB-ETH (Gamma): 3,333 ARB

Contracts that will be incentivized:

Penpie

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

Radpie

  • Voting Incentives for the mdLP-dLP pair on PancakeSwap

  • Incentives for the WBTC Pool on Radpie

  • STIP B dLP RUSH 3: 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

  • 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 - 18,000 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 - 4,320 ARB to be used as incentives for WBTC pool depositors on Radpie

  • STIP B dLP RUSH 3 - 21,096 ARB to be used as incentives for dLP → mdLP converters

Magpie

  • MGP-ETH Pool - 5,800 ARB to be used as incentives for MGP-ETH pool voters on PancakeSwap

Eigenpie

  • mstETH-wstETH - 30,000 ARB to be used as incentives for mstETH-wstETH pool voters on PancakeSwap

Campie

  • 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 - 3,333.3 ARB to be used as incentives for ARB-ETH pool depositors on Campie

Summary of changes to the original plan:

  • The STIP B dLP RUSH #3 was not deployed during the past 2 weeks, will be deployed during the current period

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