Recap of the Previous Two Weeks
Season 2 concludes on Monday and has been yet another success. In Season 2, rewards helped grow Large Cap Vault liquidity and bootstrap trading activity of non-ETH/BTC markets, and since beginning the STIP incentive program, Perennial has seen consistent trader demand and market growth.
ARB Received Last Disbursement: 107,143 ARB
ARB Utilized as Incentives in the Last Two Weeks: 107,143 ARB
Contracts incentivized over the last 2 weeks:
| Name | Assets | Contract |
|---|---|---|
| Ethereum | ETH | 0x90A664846960AaFA2c164605Aebb8e9Ac338f9a0 |
| Bitcoin | BTC | 0xcC83e3cDA48547e3c250a88C8D5E97089Fd28F60 |
| Solana | SOL | 0x02258bE4ac91982dc1AF7a3D2C4F05bE6079C253 |
| Polygon | MATIC | 0x7e34B5cBc6427Bd53ECFAeFc9AC2Cad04e982f78 |
| Celestia | TIA | 0x2CD8651b0dB6bE605267fdd737C840442A96fAFE |
| Rollbit | RLB | 0x708B750f9f5bD23E074a5a0A64EF542585906e85 |
| Chainlink | LINK | 0xD9c296A7Bee1c201B9f3531c7AC9c9310ef3b738 |
| BNB | BNB | 0x362c6bC2A4EA2033063bf20409A4c5E8C5754056 |
| Vault Alpha | ETH, LINK | 0xF8b6010FD6ba8F3E52c943A1473B1b1459a73094 |
| Vault Bravo | BTC, SOL, MATIC | 0x699e37DfCEe5c6E4c5D0bC1C2FFbC2afEC55f6FB |
Contract address label Form completed for all addresses: YES
ARB left over: ~4,000 ARB
Plan for leftover ARB: The ARB is from reward allocations that would cost more to claim that is worth. We will look to roll these back into future rewards.
Summary of incentives:
In addition to standard rewards for OI & fee rebates, we have opted to incentivise behaviour that is harder to farm/game. This includes a portion of the rewards over the last two weeks being utilized for the top PnL & volume users on the platform.
Full Overview here:
Additional Info / Disclosures to Multisig: n/a
STATS
Average daily TVL: ~7.2m
Average daily transactions: ~311
Average daily volumes: ~3.1m
Number of unique user addresses: 570
Transaction fees: $ 45,178.74
Note: like last update, this is gas fees paid on Arbitrum, as Perennial takes no protocol fees
Link to Dashboard showing metrics: Gauntlet Dashboard
Plan For the Next Two Weeks
Amount of ARB to be distributed: 107,143 ARB
Contracts that will be incentivized: Same as prior
Contract address label Form completed for all addresses: Yes
Mechanism for distribution incentives: Merkle Drop
Summary of incentives plan:
We will continue to utilize incentives as described in our proposal with minor changes to the ratio. This fortnight we are focusing on user acquisition focusing on pulling users from other chains into the Arbitrum ecosystem.