# Notional STIP-B Bi-Weekly Update **URL:** \ **Category:** Biweekly Updates (STIP)\ **Created:** [July 1, 2024, 10:49pm UTC](https://forum.arbitrum.foundation/t/notional-stip-b-bi-weekly-update/25228 "2024-07-01T22:49:48Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![teddy-notional](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/teddy-notional/32/4765_2.png) [@teddy-notional](https://forum.arbitrum.foundation/u/teddy-notional)\ **Post date:** [July 1, 2024, 10:49pm UTC](https://forum.arbitrum.foundation/t/notional-stip-b-bi-weekly-update/25228/1 "2024-07-01T22:49:48Z")
# Notional Finance Bi-Weekly Update July 1 ## Recap of the Previous Two Weeks Notional began incentivizing one week ago on June 24th. The structure of the STIP Bridge incentive program is very different than the original STIP grant. 30% of the STIP B grant will be given as incentives to LPs by the same mechanism as the STIP. This time around though, we will be focusing liquidity incentives on a smaller number of tokens. 70% of the STIP B grant will be given to other kinds of users on Notional through the use of an off-chain points program. Total ARB incentives distributed through the points program will be 175,000 ARB over three 4-week seasons. Points are accrued during the season and then ARB distributions are made at the end of each season. This points program allows us significantly more flexibility in incentivizing different kinds of Notional users. In particular, we are focusing on borrowers and leveraged vault users. This focus is reflected by high point multipliers for borrowing (4x) and using a leveraged vault (8x), vs. lending (1x-2x). Full details of the points program on our dedicated dashboard: > **[Notional Finance - DeFi lending and leveraged yield](https://notional.finance/points-dashboard/arbitrum)** > > Lend, Borrow, and Earn Leveraged Yield with Fixed or Variable Rates Liquidity rewarder contracts: | Currency | Contract Address | | --- | --- | | ETH | 0x3987F211d4BA25B6FF163B56051651bF6c6c5e54 | | DAI | 0xE5b58DE62b71477aE4e10074fee48232DD7A2350 | | USDC | 0xFc24ACF5BD2aFEe3efBd589F87B6610C9D162645 | | wBTC | 0x8BC5600582c6c17194e4478C311d3133cf9361D2 | | wstETH | 0xd2Da21d240F093A38A143426D3cd62326FC496cc | | FRAX | 0xA8cA4FA84933106a92D4fec68C8B5A057703e862 | | rETH | 0xda99cd202bCac9f9c945fF2954e08EAec63B067d | | USDT | 0xe670942CE88d0ac8E655d30E5EF0229e969de26C | Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes ARB left over: 0 Plan for leftover ARB: Distribute over following periods Summary of incentives: LPs in the following currencies are currently being incentivized at the following weekly rates. | Currency | Weekly ARB Emission Rate | | --- | --- | | ETH | 2,083 | | DAI | 0 | | USDC | 2,083 | | wBTC | 0 | | wstETH | 416 | | FRAX | 0 | | rETH | 416 | | USDT | 1250 | ## STATS Average daily TVL: $6.93M Average daily transactions: 133 Average daily volumes: $6.9M (average open debt) Number of unique user addresses: 4,349 Transaction fees: $387 Link to Dashboard showing metrics: [https://dune.com/PierreYves\_Gendron/notional-finance-v3-arbitrum](https://dune.com/PierreYves_Gendron/notional-finance-v3-arbitrum) ## Plan For the Next Two Weeks Amount of ARB to be distributed: No change Contracts that will be incentivized: No change Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes Mechanism for distribution incentives: No change Summary of incentives plan: No change Summary of changes to the original plan: The original plan involved a fixed allocation between lenders, borrowers, and leveraged vault users. However, this is very hard to achieve in practice without constantly tweaking point multipliers for each different product type given that points earned between different product types are fungible with one another. To ensure a fixed allocation between different product types, we would have needed to create three different kinds of points. We felt that this was impractical and have instead decided to focus on leveraged vault users and borrowers as we have found those users to be the most important in driving growth. Depending on the results in Season One, we may tweak point multipliers for the next season to respond to any issues we see in Season One. ---
**Author:** ![teddy-notional](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/teddy-notional/32/4765_2.png) [@teddy-notional](https://forum.arbitrum.foundation/u/teddy-notional)\ **Post date:** [July 15, 2024, 6:07pm UTC](https://forum.arbitrum.foundation/t/notional-stip-b-bi-weekly-update/25228/2 "2024-07-15T18:07:31Z")
# Notional Finance Bi-Weekly Update July 15 ## Recap of the Previous Two Weeks Notional’s incentivization program continued forward with no changes over the past two weeks. As a recap: 30% of the STIP B grant will be given as incentives to LPs by the same mechanism as the STIP. This time around though, we will be focusing liquidity incentives on a smaller number of tokens. 70% of the STIP B grant will be given to other kinds of users on Notional through the use of an off-chain points program. Total ARB incentives distributed through the points program will be 175,000 ARB over three 4-week seasons. Points are accrued during the season and then ARB distributions are made at the end of each season. This points program allows us significantly more flexibility in incentivizing different kinds of Notional users. In particular, we are focusing on borrowers and leveraged vault users. This focus is reflected by high point multipliers for borrowing (4x) and using a leveraged vault (8x), vs. lending (1x-2x). Full details of the points program on our dedicated dashboard: > **[Notional Finance - DeFi lending and leveraged yield](https://notional.finance/points-dashboard/arbitrum)** > > Lend, Borrow, and Earn Leveraged Yield with Fixed or Variable Rates Liquidity rewarder contracts: | Currency | Contract Address | | --- | --- | | ETH | 0x3987F211d4BA25B6FF163B56051651bF6c6c5e54 | | DAI | 0xE5b58DE62b71477aE4e10074fee48232DD7A2350 | | USDC | 0xFc24ACF5BD2aFEe3efBd589F87B6610C9D162645 | | wBTC | 0x8BC5600582c6c17194e4478C311d3133cf9361D2 | | wstETH | 0xd2Da21d240F093A38A143426D3cd62326FC496cc | | FRAX | 0xA8cA4FA84933106a92D4fec68C8B5A057703e862 | | rETH | 0xda99cd202bCac9f9c945fF2954e08EAec63B067d | | USDT | 0xe670942CE88d0ac8E655d30E5EF0229e969de26C | Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes ARB left over: 0 Plan for leftover ARB: Distribute over following periods Summary of incentives: LPs in the following currencies are currently being incentivized at the following weekly rates. | Currency | Weekly ARB Emission Rate | | --- | --- | | ETH | 2,083 | | DAI | 0 | | USDC | 2,083 | | wBTC | 0 | | wstETH | 416 | | FRAX | 0 | | rETH | 416 | | USDT | 1250 | ## STATS Average daily TVL: $7.75M Average daily transactions: 1108 Average daily volumes: $7.6M (average open debt) Number of unique user addresses: 11,462 Transaction fees: $1,579 Link to Dashboard showing metrics: [https://dune.com/PierreYves\_Gendron/notional-finance-v3-arbitrum](https://dune.com/PierreYves_Gendron/notional-finance-v3-arbitrum) ## Plan For the Next Two Weeks Amount of ARB to be distributed: No change Contracts that will be incentivized: No change Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes Mechanism for distribution incentives: No change Summary of incentives plan: No change Summary of changes to the original plan: The original plan involved a fixed allocation between lenders, borrowers, and leveraged vault users. However, this is very hard to achieve in practice without constantly tweaking point multipliers for each different product type given that points earned between different product types are fungible with one another. To ensure a fixed allocation between different product types, we would have needed to create three different kinds of points. We felt that this was impractical and have instead decided to focus on leveraged vault users and borrowers as we have found those users to be the most important in driving growth. Depending on the results in Season One, we may tweak point multipliers for the next season to respond to any issues we see in Season One. ---
**Author:** ![teddy-notional](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/teddy-notional/32/4765_2.png) [@teddy-notional](https://forum.arbitrum.foundation/u/teddy-notional)\ **Post date:** [July 29, 2024, 1:29pm UTC](https://forum.arbitrum.foundation/t/notional-stip-b-bi-weekly-update/25228/3 "2024-07-29T13:29:57Z")
# Notional Finance Bi-Weekly Update July 29 ## Recap of the Previous Two Weeks Notional’s incentivization program continued forward with no changes over the past two weeks. As a recap: 30% of the STIP B grant will be given as incentives to LPs by the same mechanism as the STIP. This time around though, we will be focusing liquidity incentives on a smaller number of tokens. 70% of the STIP B grant will be given to other kinds of users on Notional through the use of an off-chain points program. Total ARB incentives distributed through the points program will be 175,000 ARB over three 4-week seasons. Points are accrued during the season and then ARB distributions are made at the end of each season. This points program allows us significantly more flexibility in incentivizing different kinds of Notional users. In particular, we are focusing on borrowers and leveraged vault users. This focus is reflected by high point multipliers for borrowing (4x) and using a leveraged vault (8x), vs. lending (1x-2x). Full details of the points program on our dedicated dashboard: > **[Notional Finance - DeFi lending and leveraged yield](https://notional.finance/points-dashboard/arbitrum)** > > Lend, Borrow, and Earn Leveraged Yield with Fixed or Variable Rates Liquidity rewarder contracts: | Currency | Contract Address | | --- | --- | | ETH | 0x3987F211d4BA25B6FF163B56051651bF6c6c5e54 | | DAI | 0xE5b58DE62b71477aE4e10074fee48232DD7A2350 | | USDC | 0xFc24ACF5BD2aFEe3efBd589F87B6610C9D162645 | | wBTC | 0x8BC5600582c6c17194e4478C311d3133cf9361D2 | | wstETH | 0xd2Da21d240F093A38A143426D3cd62326FC496cc | | FRAX | 0xA8cA4FA84933106a92D4fec68C8B5A057703e862 | | rETH | 0xda99cd202bCac9f9c945fF2954e08EAec63B067d | | USDT | 0xe670942CE88d0ac8E655d30E5EF0229e969de26C | Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes ARB left over: 0 Plan for leftover ARB: Distribute over following periods Summary of incentives: LPs in the following currencies are currently being incentivized at the following weekly rates. | Currency | Weekly ARB Emission Rate | | --- | --- | | ETH | 2,083 | | DAI | 0 | | USDC | 2,083 | | wBTC | 0 | | wstETH | 416 | | FRAX | 0 | | rETH | 416 | | USDT | 1250 | ## STATS Average daily TVL: $9.24M Average daily transactions: 256 Average daily volumes: $8.2M (average open debt) Number of unique user addresses: 12,367 Transaction fees: $319 Link to Dashboard showing metrics: [https://dune.com/PierreYves\_Gendron/notional-finance-v3-arbitrum](https://dune.com/PierreYves_Gendron/notional-finance-v3-arbitrum) ## Plan For the Next Two Weeks Amount of ARB to be distributed: No change Contracts that will be incentivized: No change Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes Mechanism for distribution incentives: No change Summary of incentives plan: No change Summary of changes to the original plan: The original plan involved a fixed allocation between lenders, borrowers, and leveraged vault users. However, this is very hard to achieve in practice without constantly tweaking point multipliers for each different product type given that points earned between different product types are fungible with one another. To ensure a fixed allocation between different product types, we would have needed to create three different kinds of points. We felt that this was impractical and have instead decided to focus on leveraged vault users and borrowers as we have found those users to be the most important in driving growth. ---
**Author:** ![teddy-notional](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/teddy-notional/32/4765_2.png) [@teddy-notional](https://forum.arbitrum.foundation/u/teddy-notional)\ **Post date:** [August 12, 2024, 2:59pm UTC](https://forum.arbitrum.foundation/t/notional-stip-b-bi-weekly-update/25228/4 "2024-08-12T14:59:19Z")
# Notional Finance Bi-Weekly Update Aug 12 ## Recap of the Previous Two Weeks Notional’s incentivization program continued forward with no changes over the past two weeks. As a recap: 30% of the STIP B grant will be given as incentives to LPs by the same mechanism as the STIP. This time around though, we will be focusing liquidity incentives on a smaller number of tokens. 70% of the STIP B grant will be given to other kinds of users on Notional through the use of an off-chain points program. Total ARB incentives distributed through the points program will be 175,000 ARB over three 4-week seasons. Points are accrued during the season and then ARB distributions are made at the end of each season. This points program allows us significantly more flexibility in incentivizing different kinds of Notional users. In particular, we are focusing on borrowers and leveraged vault users. This focus is reflected by high point multipliers for borrowing (4x) and using a leveraged vault (8x), vs. lending (1x-2x). Full details of the points program on our dedicated dashboard: > **[Notional Finance - DeFi lending and leveraged yield](https://notional.finance/points-dashboard/arbitrum)** > > Lend, Borrow, and Earn Leveraged Yield with Fixed or Variable Rates Liquidity rewarder contracts: | Currency | Contract Address | | --- | --- | | ETH | 0x3987F211d4BA25B6FF163B56051651bF6c6c5e54 | | DAI | 0xE5b58DE62b71477aE4e10074fee48232DD7A2350 | | USDC | 0xFc24ACF5BD2aFEe3efBd589F87B6610C9D162645 | | wBTC | 0x8BC5600582c6c17194e4478C311d3133cf9361D2 | | wstETH | 0xd2Da21d240F093A38A143426D3cd62326FC496cc | | FRAX | 0xA8cA4FA84933106a92D4fec68C8B5A057703e862 | | rETH | 0xda99cd202bCac9f9c945fF2954e08EAec63B067d | | USDT | 0xe670942CE88d0ac8E655d30E5EF0229e969de26C | Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes ARB left over: 0 Plan for leftover ARB: Distribute over following periods Summary of incentives: LPs in the following currencies are currently being incentivized at the following weekly rates. | Currency | Weekly ARB Emission Rate | | --- | --- | | ETH | 2,083 | | DAI | 0 | | USDC | 2,083 | | wBTC | 0 | | wstETH | 416 | | FRAX | 0 | | rETH | 416 | | USDT | 1250 | ## STATS Average daily TVL: $8.13M Average daily transactions: 138 Average daily volumes: $6.9M (average open debt) Number of unique user addresses: 12,670 Transaction fees: $5,910 Link to Dashboard showing metrics: [https://dune.com/PierreYves\_Gendron/notional-finance-v3-arbitrum](https://dune.com/PierreYves_Gendron/notional-finance-v3-arbitrum) ## Plan For the Next Two Weeks Amount of ARB to be distributed: No change Contracts that will be incentivized: No change Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes Mechanism for distribution incentives: No change Summary of incentives plan: No change Summary of changes to the original plan: The original plan involved a fixed allocation between lenders, borrowers, and leveraged vault users. However, this is very hard to achieve in practice without constantly tweaking point multipliers for each different product type given that points earned between different product types are fungible with one another. To ensure a fixed allocation between different product types, we would have needed to create three different kinds of points. We felt that this was impractical and have instead decided to focus on leveraged vault users and borrowers as we have found those users to be the most important in driving growth. ---
**Author:** ![teddy-notional](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/teddy-notional/32/4765_2.png) [@teddy-notional](https://forum.arbitrum.foundation/u/teddy-notional)\ **Post date:** [August 26, 2024, 4:28pm UTC](https://forum.arbitrum.foundation/t/notional-stip-b-bi-weekly-update/25228/5 "2024-08-26T16:28:10Z")
# Notional Finance Bi-Weekly Update Aug 26 ## Recap of the Previous Two Weeks Notional’s incentivization program continued forward with no changes over the past two weeks. As a recap: 30% of the STIP B grant will be given as incentives to LPs by the same mechanism as the STIP. This time around though, we will be focusing liquidity incentives on a smaller number of tokens. 70% of the STIP B grant will be given to other kinds of users on Notional through the use of an off-chain points program. Total ARB incentives distributed through the points program will be 175,000 ARB over three 4-week seasons. Points are accrued during the season and then ARB distributions are made at the end of each season. This points program allows us significantly more flexibility in incentivizing different kinds of Notional users. In particular, we are focusing on borrowers and leveraged vault users. This focus is reflected by high point multipliers for borrowing (4x) and using a leveraged vault (8x), vs. lending (1x-2x). Full details of the points program on our dedicated dashboard: > **[Notional Finance - DeFi lending and leveraged yield](https://notional.finance/points-dashboard/arbitrum)** > > Lend, Borrow, and Earn Leveraged Yield with Fixed or Variable Rates Liquidity rewarder contracts: | Currency | Contract Address | | --- | --- | | ETH | 0x3987F211d4BA25B6FF163B56051651bF6c6c5e54 | | DAI | 0xE5b58DE62b71477aE4e10074fee48232DD7A2350 | | USDC | 0xFc24ACF5BD2aFEe3efBd589F87B6610C9D162645 | | wBTC | 0x8BC5600582c6c17194e4478C311d3133cf9361D2 | | wstETH | 0xd2Da21d240F093A38A143426D3cd62326FC496cc | | FRAX | 0xA8cA4FA84933106a92D4fec68C8B5A057703e862 | | rETH | 0xda99cd202bCac9f9c945fF2954e08EAec63B067d | | USDT | 0xe670942CE88d0ac8E655d30E5EF0229e969de26C | Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes ARB left over: 0 Plan for leftover ARB: Distribute over following periods Summary of incentives: LPs in the following currencies are currently being incentivized at the following weekly rates. | Currency | Weekly ARB Emission Rate | | --- | --- | | ETH | 2,083 | | DAI | 0 | | USDC | 2,083 | | wBTC | 0 | | wstETH | 416 | | FRAX | 0 | | rETH | 416 | | USDT | 1250 | ## STATS Average daily TVL: $6.89M Average daily transactions: 138 Average daily volumes: $6.5M (average open debt) Number of unique user addresses: 13,149 Transaction fees: $191.5 Link to Dashboard showing metrics: [https://dune.com/PierreYves\_Gendron/notional-finance-v3-arbitrum](https://dune.com/PierreYves_Gendron/notional-finance-v3-arbitrum) ## Plan For the Next Two Weeks Amount of ARB to be distributed: No change Contracts that will be incentivized: No change Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes Mechanism for distribution incentives: No change Summary of incentives plan: No change Summary of changes to the original plan: The original plan involved a fixed allocation between lenders, borrowers, and leveraged vault users. However, this is very hard to achieve in practice without constantly tweaking point multipliers for each different product type given that points earned between different product types are fungible with one another. To ensure a fixed allocation between different product types, we would have needed to create three different kinds of points. We felt that this was impractical and have instead decided to focus on leveraged vault users and borrowers as we have found those users to be the most important in driving growth. ---
**Author:** ![teddy-notional](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/teddy-notional/32/4765_2.png) [@teddy-notional](https://forum.arbitrum.foundation/u/teddy-notional)\ **Post date:** [September 10, 2024, 12:42am UTC](https://forum.arbitrum.foundation/t/notional-stip-b-bi-weekly-update/25228/6 "2024-09-10T00:42:06Z")
# Notional Finance Bi-Weekly Update Sep 9 ## Recap of the Previous Two Weeks Notional’s incentivization program continued forward with no changes over the past two weeks. As a recap: 30% of the STIP B grant will be given as incentives to LPs by the same mechanism as the STIP. This time around though, we will be focusing liquidity incentives on a smaller number of tokens. 70% of the STIP B grant will be given to other kinds of users on Notional through the use of an off-chain points program. Total ARB incentives distributed through the points program will be 175,000 ARB over three 4-week seasons. Points are accrued during the season and then ARB distributions are made at the end of each season. This points program allows us significantly more flexibility in incentivizing different kinds of Notional users. In particular, we are focusing on borrowers and leveraged vault users. This focus is reflected by high point multipliers for borrowing (4x) and using a leveraged vault (8x), vs. lending (1x-2x). Full details of the points program on our dedicated dashboard: > **[Notional Finance - DeFi lending and leveraged yield](https://notional.finance/points-dashboard/arbitrum)** > > Lend, Borrow, and Earn Leveraged Yield with Fixed or Variable Rates Liquidity rewarder contracts: | Currency | Contract Address | | --- | --- | | ETH | 0x3987F211d4BA25B6FF163B56051651bF6c6c5e54 | | DAI | 0xE5b58DE62b71477aE4e10074fee48232DD7A2350 | | USDC | 0xFc24ACF5BD2aFEe3efBd589F87B6610C9D162645 | | wBTC | 0x8BC5600582c6c17194e4478C311d3133cf9361D2 | | wstETH | 0xd2Da21d240F093A38A143426D3cd62326FC496cc | | FRAX | 0xA8cA4FA84933106a92D4fec68C8B5A057703e862 | | rETH | 0xda99cd202bCac9f9c945fF2954e08EAec63B067d | | USDT | 0xe670942CE88d0ac8E655d30E5EF0229e969de26C | Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes ARB left over: 0 Plan for leftover ARB: Distribute over following periods Summary of incentives: LPs in the following currencies are currently being incentivized at the following weekly rates. | Currency | Weekly ARB Emission Rate | | --- | --- | | ETH | 2,083 | | DAI | 0 | | USDC | 2,083 | | wBTC | 0 | | wstETH | 416 | | FRAX | 0 | | rETH | 416 | | USDT | 1250 | ## STATS Average daily TVL: $7.06M Average daily transactions: 95 Average daily volumes: $6.9M (average open debt) Number of unique user addresses: 13,309 Transaction fees: $526 Link to Dashboard showing metrics: [https://dune.com/PierreYves\_Gendron/notional-finance-v3-arbitrum](https://dune.com/PierreYves_Gendron/notional-finance-v3-arbitrum) ## Plan For the Next Two Weeks Amount of ARB to be distributed: No change Contracts that will be incentivized: No change Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes Mechanism for distribution incentives: No change Summary of incentives plan: No change Summary of changes to the original plan: The original plan involved a fixed allocation between lenders, borrowers, and leveraged vault users. However, this is very hard to achieve in practice without constantly tweaking point multipliers for each different product type given that points earned between different product types are fungible with one another. To ensure a fixed allocation between different product types, we would have needed to create three different kinds of points. We felt that this was impractical and have instead decided to focus on leveraged vault users and borrowers as we have found those users to be the most important in driving growth. ---
**Author:** ![teddy-notional](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/teddy-notional/32/4765_2.png) [@teddy-notional](https://forum.arbitrum.foundation/u/teddy-notional)\ **Post date:** [September 26, 2024, 1:16pm UTC](https://forum.arbitrum.foundation/t/notional-stip-b-bi-weekly-update/25228/7 "2024-09-26T13:16:29Z")
# Notional Finance Bi-Weekly Update Sep 23 ## Recap of the Previous Two Weeks Notional’s incentivization program continued forward with no changes over the past two weeks. As a recap: 30% of the STIP B grant will be given as incentives to LPs by the same mechanism as the STIP. This time around though, we will be focusing liquidity incentives on a smaller number of tokens. 70% of the STIP B grant will be given to other kinds of users on Notional through the use of an off-chain points program. Total ARB incentives distributed through the points program will be 175,000 ARB over three 4-week seasons. Points are accrued during the season and then ARB distributions are made at the end of each season. This points program allows us significantly more flexibility in incentivizing different kinds of Notional users. In particular, we are focusing on borrowers and leveraged vault users. This focus is reflected by high point multipliers for borrowing (4x) and using a leveraged vault (8x), vs. lending (1x-2x). Full details of the points program on our dedicated dashboard: ![](https://notional.finance/favicon.svg)[notional.finance](https://notional.finance/points-dashboard/arbitrum) ![](https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/b/b2ff359b024945288f92c010ff0c2c817c90eb4a.jpeg) ### [Notional Finance - DeFi lending and leveraged yield](https://notional.finance/points-dashboard/arbitrum) Lend, Borrow, and Earn Leveraged Yield with Fixed or Variable Rates Liquidity rewarder contracts: | Currency | Contract Address | | --- | --- | | ETH | 0x3987F211d4BA25B6FF163B56051651bF6c6c5e54 | | DAI | 0xE5b58DE62b71477aE4e10074fee48232DD7A2350 | | USDC | 0xFc24ACF5BD2aFEe3efBd589F87B6610C9D162645 | | wBTC | 0x8BC5600582c6c17194e4478C311d3133cf9361D2 | | wstETH | 0xd2Da21d240F093A38A143426D3cd62326FC496cc | | FRAX | 0xA8cA4FA84933106a92D4fec68C8B5A057703e862 | | rETH | 0xda99cd202bCac9f9c945fF2954e08EAec63B067d | | USDT | 0xe670942CE88d0ac8E655d30E5EF0229e969de26C | Contract address label [Form 20](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform) completed for all addresses: Yes ARB left over: 0 Plan for leftover ARB: Distribute over following periods Summary of incentives: LPs in the following currencies are currently being incentivized at the following weekly rates. | Currency | Weekly ARB Emission Rate | | --- | --- | | ETH | 2,083 | | DAI | 0 | | USDC | 2,083 | | wBTC | 0 | | wstETH | 416 | | FRAX | 0 | | rETH | 416 | | USDT | 1250 | ## STATS Average daily TVL: $5.32M Average daily transactions: 133 Average daily volumes: $6.3M (average open debt) Number of unique user addresses: 13,354 Transaction fees: $3,069 Link to Dashboard showing metrics: [https://dune.com/PierreYves\_Gendron/notional-finance-v3-arbitrum](https://dune.com/PierreYves_Gendron/notional-finance-v3-arbitrum) ## Plan For the Next Two Weeks This is the final bi-weekly update for the STIP Bridge program.