Recap of the Previous Two Weeks (Jan.5th)
ARB Received Last Disbursement: 71,429
ARB Utilized as Incentives in the Last Two Weeks: 40,000.00
Contracts incentivized over the last 2 weeks:
Gas fee rebates + referral events: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54
Contract address label Form: Yes
ARB left over: 31,429
Plan for leftover ARB:
Scheduled for allocation next week according to the STIP plan:
Keep the leftover ARB for future Referrals & Gas Fee Rebates: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54
and the upcoming partnerships and cross-chain events.
*Note: The total allocated might surpass what was received from the initial STIP tranche. If necessary, we’ll use extra ARB from our treasury to cover any shortfall.
Summary of incentives:
OpenOcean has divided the grant into a few categories to benefit Arbitrum users and help onboard more users to the Arbitrum ecosystem.
-
Swap trading cost rebates - 175,000 ARB
-
Referral program incentive emission - 100,000 ARB
-
Inbound cross-chain swap incentives - 100,000 ARB
-
Partnership program - 125,000 ARB
Additional Info / Disclosures to Multisig: N/A
STATS
Average daily TVL: N/A - As a dex aggregator, we leverage liquidity from various external protocols rather than the pool built by our own, which means the TVL is not an appropriate metric for assessing the performance or scale of our platform.
Average daily transactions: 1,499
Average daily volumes: $1,585,991
Number of unique user addresses: 10,824
Transaction fees: $18,755
Link to Dashboard showing metrics: https://dune.com/frank_gaia/openoceans-arbitrum-dashboard
Plan For the Next Two Weeks
Amount of ARB to be distributed: 34,375
Contracts that will be incentivized: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54
Contract address label Form: Yes
Mechanism for distribution incentives:
Gas fee rebates & referral:
Users who traded & referred others claimed their rewards on our platform through the incentivised contract before March 29th.
Summary of incentives plan: There’s no changes to the current plan.
Summary of changes to the original plan: No changes.
Recap of the Previous Two Weeks (Jan.19th)
ARB Received Last Disbursement: 142,858
ARB Utilized as Incentives in the Last Two Weeks: 1,506.03
Contracts incentivized over the last 2 weeks:
Gas fee rebates + referral events: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54
Contract address label Form: Yes
ARB left over: 172,780.97
Plan for leftover ARB:
Scheduled for allocation next week according to the STIP plan:
Keep the leftover ARB for future Referrals & Gas Fee Rebates: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54
and the upcoming partnerships and cross-chain events.
*Note: The total allocated might surpass what was received from the initial STIP tranche. If necessary, we’ll use extra ARB from our treasury to cover any shortfall.
Summary of incentives:
OpenOcean has divided the grant into a few categories to benefit Arbitrum users and help onboard more users to the Arbitrum ecosystem.
-
Swap trading cost rebates - 175,000 ARB
-
Referral program incentive emission - 100,000 ARB
-
Inbound cross-chain swap incentives - 100,000 ARB
-
Partnership program - 125,000 ARB
Additional Info / Disclosures to Multisig: N/A
STATS
Average daily TVL: N/A
Average daily transactions: 870
Average daily volumes: $1,906,738
Number of unique user addresses: 7,800
Transaction fees: $13,792
Link to Dashboard showing metrics: https://dune.com/frank_gaia/openoceans-arbitrum-dashboard
Plan For the Next Two Weeks
Amount of ARB to be distributed: 34,375
Contracts that will be incentivized: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54
Contract address label Form: Yes
Mechanism for distribution incentives:
Gas fee rebates & referral:
Users who traded & referred others claimed their rewards on our platform through the incentivised contract before March 29th.
Summary of incentives plan: There’s no changes to the current plan.
Summary of changes to the original plan: No changes.
Recap of the Previous Two Weeks (Feb.2nd)
ARB Received Last Disbursement: 71,429
ARB Utilized as Incentives in the Last Two Weeks: 40,906.64
Contracts incentivized over the last 2 weeks:
Gas fee rebates + referral events: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54
Contract address label Form: Yes
ARB left over: 203,303.33
Plan for leftover ARB:
-
Continue allocating rewards to gas fee rebate & referral program and the upcoming partnerships events.
-
Starting on Feb 1st, will allocate 40k ARB to the Bonanza campaign, participants will get allocated rewards after they complete the trading quests on Arbitrum on a weekly basis.
Summary of incentives:
OpenOcean has divided the grant into a few categories to benefit Arbitrum users and help onboard more users to the Arbitrum ecosystem.
-
Swap trading cost rebates - 175,000 ARB
-
Referral program incentive emission - 100,000 ARB
-
Inbound cross-chain swap incentives - 100,000 ARB
-
Partnership program - 125,000 ARB
Additional Info / Disclosures to Multisig: N/A
STATS
Average daily TVL: N/A
Average daily transactions: 936
Average daily volumes: $1,831,763
Number of unique user addresses: 8,434
Transaction fees: $10,970
Link to Dashboard showing metrics: https://dune.com/frank_gaia/openoceans-arbitrum-dashboard
Plan For the Next Two Weeks
Amount of ARB to be distributed: 106,875
Contracts that will be incentivized: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54
Contract address label Form: Yes
Mechanism for distribution incentives:
Gas fee rebates & referral:
Users who traded & referred others claimed their rewards on our platform through the incentivised contract before March 29th.
Summary of incentives plan:
-
Allocate 40k incentives to the Bonanza campaign
-
Allocate 32.5k to liquidity pools on OpenOcean
Summary of changes to the original plan:
Though the gas fee rebate has motivated a growth of the user base, the gas fee rebate incentives accumulated per user are relatively small and most users tend to claim the rewards by the end of March. Hence, we considered revising our plan to launch a swap related campaign to more effectively encourage user engagement and incentivize active participation on Arbitrum.
Starting on Feb 1st, we are launching the Bonanza campaign on our platform. The campaign will last 8 weeks until March 28th. Each week, there are different quests on Arbitrum for users to complete, including swaps, limit orders, and cross-chains. Once the quests are completed, users will get randomly selected to receive ARB rewards. This campaign is designed to encourage more users to get involved in Arbitrum ecosystem.
In addition to better rewarding users who engaged with OpenOcean on swaps/cross-chain during the STIP program, we are also planning to launch a retro-active airdrop by the end of March 29th.
Recap of the Previous Two Weeks (Feb.16th)
ARB Received Last Disbursement: 71,429
ARB Utilized as Incentives in the Last Two Weeks: 10,058.00
Contracts incentivized over the last 2 weeks:
Gas fee rebates + referral events: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54;
Bonanza campaign: 0x207abd0782923695cc8a38b7db06ca59194b7c04
Contract address label Form: Yes
ARB left over: 264,674.33
Plan for leftover ARB:
-
Continue allocating rewards to gas fee rebate & referral program
-
Refill the reward pool for the Bonanza campaign when necessary. Due to our campaign rules, users can participate multiple times, hence they tend to claim the rewards by the end of campaign, which is March 29th.
Summary of incentives:
OpenOcean has divided the grant into a few categories to benefit Arbitrum users and help onboard more users to the Arbitrum ecosystem.
-
Gas fee rebate, interaction with OpenOcean on Arbitrum including swaps, cross-chains swaps, liquidity mining - 205,000 ARB
-
Referral program incentive emission - 120,000 ARB
-
Partnership program - 175,000 ARB
Additional Info / Disclosures to Multisig: N/A
STATS
Average daily TVL: N/A
Average daily transactions: 2,130
Average daily volumes: $3,402,060
Number of unique user addresses: 15,698
Transaction fees: $29,429
Link to Dashboard showing metrics: https://dune.com/frank_gaia/openoceans-arbitrum-dashboard
Plan For the Next Two Weeks
Amount of ARB to be distributed: 74,375
Contracts that will be incentivized:
0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54;
0x207abd0782923695cc8a38b7db06ca59194b7c04;
0xd3c67865E75DAD98E1cf5Ef7E0FdEFe3Bf8b5C53
Contract address label Form: Yes
Mechanism for distribution incentives:
Gas fee rebates & referral:
Users who traded & referred others claimed their rewards on our platform through the incentivised contract before March 29th.
Bonanza campaign:
Users who won the rewards can claim their rewards directly on the campaign page before March 29th.
Liquidity pool & rewards:
Create LP pools and incentivize users to add liquidity on Arbitrum.
Summary of incentives plan: Allocate 32.5k to liquidity pools on OpenOcean
Summary of changes to the original plan:
The plan of change on cross-chain: We have increased the incentives within the cross-chain incentives for creating pools with LP incentives on Arbitrum. This is to encourage users to retain their cross-chain funds in Arbitrum more effectively.
Recap of the Previous Two Weeks (Mar.2nd)
ARB Received Last Disbursement: 71,429
ARB Utilized as Incentives in the Last Two Weeks: 34,579.50
Contracts incentivized over the last 2 weeks:
Gas fee rebates + referral events: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54;
Bonanza campaign: 0x207abd0782923695cc8a38b7db06ca59194b7c04
LP Rewards: 0xd3c67865E75DAD98E1cf5Ef7E0FdEFe3Bf8b5C53
Contract address label Form: Yes
ARB left over: 301,523.83
Plan for leftover ARB:
-
Continue allocating rewards to gas fee rebate & referral program
-
Refill the reward pool for Bonanza campaign when necessary. Due to our campaign rules, users can participate multiple times, hence they tend to claim the rewards by the end of campaign, which is March 29th.
-
Allocate 32.5k for initial liquidity and rewards for OpenOcean liquidity pool for assets cross-chained from BNB Chain to Arbitrum
Summary of incentives:
OpenOcean has divided the grant into a few categories to benefit Arbitrum users and help onboard more users to the Arbitrum ecosystem.
-
Gas fee rebate, interaction with OpenOcean on Arbitrum including swaps, limit orders, cross-chains swaps, liquidity mining - 205,000 ARB
-
Referral program incentive emission - 120,000 ARB
-
Partnership program - 175,000 ARB
Additional Info / Disclosures to Multisig: N/A
STATS
Average daily TVL: As a dex aggregator, we leverage liquidity from various external protocols rather than the pool built by our own, which means the TVL is not an appropriate metric for assessing the performance or scale of our platform.
Since we started our cross-chain campaigns from this epoch, to encourage users to retain their cross-chain funds in Arbitrum more effectively, we encourage users who provide liquidity in arbitrum pools.
Average daily transactions: 1,250
Average daily volumes: $3,344,722
Number of unique user addresses: 10,788
Transaction fees: $29,750
Link to Dashboard showing metrics: https://dune.com/frank_gaia/openoceans-arbitrum-dashboard
Plan For the Next Two Weeks
Amount of ARB to be distributed: 74,375
Contracts that will be incentivized:
0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54;
0x207abd0782923695cc8a38b7db06ca59194b7c04
0xd3c67865E75DAD98E1cf5Ef7E0FdEFe3Bf8b5C53
Contract address label Form: Yes
Mechanism for distribution incentives:
Gas fee rebates & referral:
Users who traded & refer others claims their rewards on our platform through the incentivised contract before March 29th.
Bonanza campaign:
Users who won the rewards can claim their rewards directly on the campaign page before March 29th.
Liquidity pool rewards:
Incentivize users to add liquidity on Arbitrum.
Summary of incentives plan: There’s no changes to the current plan.
Summary of changes to the original plan: No changes
Recap of the Previous Two Weeks (Mar.16th)
ARB Received Last Disbursement: 71,429
ARB Utilized as Incentives in the Last Two Weeks: 28,132.50
Contracts incentivized over the last 2 weeks:
Gas fee rebates + referral events: 0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54;
Bonanza events: 0x207abd0782923695cc8a38b7db06ca59194b7c04
LP Rewards: 0xd3c67865E75DAD98E1cf5Ef7E0FdEFe3Bf8b5C53
Contract address label Form: Yes
ARB left over: 344,817.33
Plan for leftover ARB:
-
Continue allocating rewards to gas fee rebate & referral program
-
Refill the reward pool for Bonanza campaign when necessary. Due to our campaign rules, users can participate multiple times, hence they tend to claim the rewards by the end of campaign, which is March 29th.
-
Allocate the partnership rewards to newly supported OpenOcean api protocols.
-
Airdrop qualified traders who have interacted with OpenOcean during the STIP.
-
Incentivise LP holders to stake LPs on Arbitrum on TraderJoe & OpenOcean.
Summary of incentives: OpenOcean has divided the grant into a few categories to benefit Arbitrum users and help onboard more users to the Arbitrum ecosystem.
-
Gas fee rebate, interaction with OpenOcean on Arbitrum including swaps, limit orders, cross-chains swaps, liquidity mining - 205,000 ARB
-
Referral program incentive emission - 120,000 ARB
-
Partnership program - 175,000 ARB
Additional Info / Disclosures to Multisig: N/A
STATS
Average daily TVL: As a dex aggregator, we leverage liquidity from various external protocols rather than the pool built by our own, which means the TVL is not an appropriate metric for assessing the performance or scale of our platform.
Since we started our cross chain campaigns from this epoch, to encourage users to retain their cross-chain funds in Arbitrum more effectively, we encourage users who provide liquidity in arbitrum pools.
Average daily transactions: 1,428
Average daily volumes: $4,122,314
Number of unique user addresses: 12,954
Transaction fees: $36,550
Link to Dashboard showing metrics: https://dune.com/frank_gaia/openoceans-arbitrum-dashboard
Plan For the Next Two Weeks
Amount of ARB to be distributed: 175,625
Contracts that will be incentivized:
0x54f28c5cf6d20ab5ccb367520e17cd9af12edb54;
0x207abd0782923695cc8a38b7db06ca59194b7c04;
0x6D9e6bdfd17955B8B8A3Fe0e02375e65e3f20d0a
Contract address label Form: Yes
Mechanism for distribution incentives:
For those who haven’t claimed their rewards from gas fee rebates, referrals, Bonanza campaigns, and partnership we airdropped/distributed to those addresses from the contract.
For liquidity mining incentives, we distributed to the corresponding multi-sign contract.
Summary of incentives plan:
As gas fee rebate/referral/Bonanza campaigns were designed to allow users to claim their rewards anytime before the campaign ends on March 29, most users would wait till the last week to claim. To avoid any missing rewards to be claimed, we will start to distribute the rewards gradually starting on March 22nd.
Regarding partnership, we successfully onboarded 10+ protocols deploying our Api service, including TaskOn, Enso, Native, Haha wallet, Swing, Swoop exchange, Fore protocol, Swapr, Dzap, etc.
To motivate more users to provide liquidity on Arbitrum, we incentives rewards on both OpenOcean & TraderJoe pools.
Summary of changes to the original plan: No changes.
Recap of the Previous Two Weeks (Mar.29th)
ARB Received Last Disbursement: 0
ARB Utilized as Incentives in the Last Two Weeks: 350778.33
Contracts incentivized over the last 2 weeks:
Host LP, swap and partnership campaigns on Arbitrum: 0xee3273f6d29ddfff08ffd9d513cff314734f01a2
Partnership pool incentive 0xf1ec4e41b49582af7e00d6525af78111f37b94a8
Bonanza events: 0x207abd0782923695cc8a38b7db06ca59194b7c04;
Unclaimed Bonanza campaign + Unclaimed gas fee rebates + referral events + Partnership + Retro-active airdrop: 0x6D9e6bdfd17955B8B8A3Fe0e02375e65e3f20d0a
Contract address label Form: Yes
ARB left over: -5,961.00 We used treasury funds to reimburse the 5,961 ARB deficit
Plan for leftover ARB: N/A
Summary of incentives: OpenOcean has divided the grant into a few categories to benefit Arbitrum users and help onboard more users to the Arbitrum ecosystem.
-
Gas fee rebate, interaction with OpenOcean on Arbitrum including swaps, limit orders, cross-chains swaps, liquidity mining - 211,770.04 ARB
-
Referral program incentive emission - 118,702.96 ARB
-
Partnership co-incentive program to traders - 175,488 ARB
Additional Info / Disclosures to Multisig: N/A
STATS
Average daily TVL: As a dex aggregator, we leverage liquidity from various external protocols rather than the pool built by our own, which means the TVL is not an appropriate metric for assessing the performance or scale of our platform.
Since we started our cross-chain campaigns from this epoch, to encourage users to retain their cross-chain funds in Arbitrum more effectively, we encourage users who provide liquidity in arbitrum pools.
Average daily transactions: 5,259
Average daily volumes: $2,669,854
Number of unique user addresses: 37,546
Transaction fees: $6,481
Link to Dashboard showing metrics: https://dune.com/frank_gaia/openoceans-arbitrum-dashboard
Plan For the Next Two Weeks
Amount of ARB to be distributed: all the funds were distributed
Contracts that will be incentivized: N/A, all the funds were distributed
Contract address label Form: N/A, all the funds were distributed
Mechanism for distribution incentives: N/A, all the funds were distributed
Summary of incentives plan: N/A, all the funds were distributed
Summary of changes to the original plan: N/A