Recap of the Previous Two Weeks (Feb 16th - Feb 29th)
In Season 9, we maintained the previous weeks rewards schedule. We continued at a steady state across most metrics with expected results.
Kwenta is expanding to @arbitrum through Perennial! In partnership with @perenniallabs, Kwenta will integrate additional sources of liquidity, giving our users access to more markets on more chains. For Kwenta, the integration diversifies beyond a single liquidity partner & a single chain to and brings strong additional liquidity to the Arbitrum network through use of Perennial’s novel markets (power perps, soon NFTs) and in the launch of enables the launch of markets customized for Kwenta.
ARB Received Last Disbursement: 107,143 ARB (30th Jan)
ARB Utilized as Incentives in the Last Two Weeks: ~50,000 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 |
| Ripple | XRP | 0x2402E92f8C58886F716F5554039fA6398d7A1EfB |
| Arbitrum | ARB | 0x3D1D603073b3CEAB5974Db5C54568058a9551cCC |
| Bitcoin Sqr | BTC^2 | 0x768a5909f0B6997efa56761A89344eA2BD5560fd |
| Vault Alpha | ETH, LINK | 0xF8b6010FD6ba8F3E52c943A1473B1b1459a73094 |
| Vault Bravo | BTC, SOL, MATIC | 0x699e37DfCEe5c6E4c5D0bC1C2FFbC2afEC55f6FB |
Contract address label Form completed for all addresses: YES
ARB left over: ~32,000 ARB
Plan for leftover ARB: We will look to roll these back into the final season, finishing March 31st.
Summary of incentives:
- Reduced rewards to 50,000 ARB
- Kept fee rebate stable
- Maintained rewards for Vault depositors
- Maintained rewards for pro makers
Full Overview here:
https://twitter.com/perenniallabs/status/1757071912549687764
Additional Info / Disclosures to Multisig: n/a
_
STATS
Average daily TVL: ~ $5.4mn (Available Liquidity ~13.56m)
Average daily transactions: ~95
Average daily volumes: ~$4.5mn
Number of unique user addresses: ~430
Transaction fees (Protocol): ~$350
Link to Dashboard showing metrics:
Perennial V2 Dune
Risk Dashboard
OpenBlock Labs
_
Plan For the Next Two Weeks
Amount of ARB to be distributed: 50,000 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:
As before, the amount allocated to this week has been reduced. This aligns with the extension of the STIP program to account for the round 2 participants. In the next two weeks into March we plan to keep the rewards the same.