Premia Bi-Weekly Update #3: 2023-02-23

Premia Bi-Weekly Update 2023-12-01

Recap

STIP Proposal
Program Start Date: 2023-11-15
Objective: To reduce friction solving the cold start problem for the Premia Blue Options Exchange.

600k to Vaults (Natural Options Sellers) - Live
200k to Trading and Market Making (Natural Options Buyers) - To Start 2023-12-08
100k to Partners looking to integrate Options Liquidity Mining - Discussions Ongoing

Other Obligations:

  • 500k Self-Funded ARB Vault Deposit - Complete
  • Premia matching 550k PREMIA to Vaults during STIP Period - Complete
  • Premia Academy Incentives - Quest 1 of 8 to start 2023-12-04 (Funded by ARB Deposit)

Tracking:

Previous Two Weeks

ARB Received Last Disbursement: [128,572 x2 = 257,144]

ARB Utilized as Incentives in the Last Two Weeks: [83,636 x2 = 167,272]

Contracts incentivized over the last 2 weeks: 0xBCDBE71CA6475c3bE9f05E75bbDff7C3979Fdc52
0x9a0A6f6F7F704ef9319dA2B2a8b9D714a62cb9e3
0xeCD0E29f5B74830cE05B1342A3979b878EBa18cf
0x35cBF452957Abd321CfFcCE0b95E0eE0C4425cE7
0xf9De6BDd2023f3139c92f38D7148D19db79f1DF6
0xF675B6808211F15901D71d73f1917Ff1Cd759cCd
0x37B9Faa3E19c548d8176d9805f9b3eDc9A498fE1

Contract address label Form 12 completed for all addresses: [Yes]

ARB left over: [89,872]

Plan for leftover ARB:
Phase 2 begins next week 2023-12-04
To follow the in depth plan including vaults, rates, dates, and status please reference our Premia STIP Tracking document which is updated regularly.

Summary of incentives:
To ensure that emission rates remain constant during the STIP period (2023-11-15 to 2024-01-31), we deployed rewards to only six primary vaults, ARB, WETH, & WBTC, both put and call vaults. This would allow 2 weeks for deposits to come in before launching the next phase of the STIP campaign. TVL within vaults has doubled in this time, but there is still room to grow. Phase 2 of the STIP campaign begins next week 2023-12-04, where academy, trading, and market making components will be folded in. In addition, the remaining 12 vaults will also be incentivized to showcase the features that Premia Blue can offer.

Additional Info / Disclosures to Multisig:
Other Notable Events relevant to STIP Campaign

  • Hidden Hand coordinated Launch with STIP beginning
  • Cross Partnership with Camelot, Silo, Dolomite, Redacted, Frax (more to come)
    • Spaces with Dolomite, Redacted, and The Rollup
  • Layer3 graciously surprises with STIP Quest
  • Launched SOL/USDCe Vault during STIP Period
  • Launched FRAX/FXS Vault during STIP Period
  • Launched GMX, MAGIC, LINK, & wstETH vaults to be incentivized during STIP period.
  • Deployed Options Liquidity Mining for PREMIA to allow for Dual Mining (ARB) and to showcase for partner integrations

Statistics

Metrics below will be according to the initial phase being the six vaults that were incentivized since the start of the STIP period (15 days from 2023-11-15 to 2023-12-01). The Dune dashboard is still in progress, however I have created some views specific to the STIP period that can be found at the bottom of the page. Dashboard: https://dune.com/premia/premia-blue

Average daily TVL:
TVL Today 4.1mm in USD
TVL Average 3.9mm in USD
Beginning TVL ~2mm in USD

Average daily transactions:
3525/15 = 235 Daily Transactions

Average daily volumes:
488k WBTC + 236k ARB + 994K WETH
115k USD Daily Notional
Note: This value has dropped significantly during the STIP period, likely due to trading campaigns across the options sector. We do not anticipate this volume to pick up until we have started our active participation (Trading Competition) on 2023-12-08

Number of unique user addresses:
886 - (Since 2023-11-15)

Transaction fees:
3.4 eth

Link to Dashboard showing metrics: [https://dune.com/premia/premia-blue]
Dashboard development remains in progress, however significant strides have been made. For those interested in tracking the requirements document (as well as the details sharing with OpenBlock Labs) please find the dashboard requirements document. We will continue to advance the dashboard over the coming days, and expect completion in December.

Plan For the Next Two Weeks

Amount of ARB to be distributed:
118,022 ARB to Vault LPs (rate of 59k/week)
25,000 ARB to Traders (To Start 2023-12-8 rate of 25k/week)
Once Phase Two is live we expect to distribute 168,022 ARB every two weeks for the remainder of the STIP period (2024-01-31)

Contracts that will be incentivized:
In addition to the previous contracts, the remaining are yet to be deployed, once complete the Premia STIP Tracking will be updated.

Contract address label Form 12 completed for all addresses: [Will complete upon deployment]

Mechanism for distribution incentives:

  • Dual Mining Smart Contracts for Vaults
  • Simple Claiming Contract for Trading & Market Making Incentives (offchain tracking, however a leaderboard will be produced)]

Summary of incentives plan:

  • Weekly Quests via Galaxe starting 2023-12-04 (1 per week)
  • All Dual Mining rewards for Vault Deposits 2023-12-05 (12 additional vaults)
  • Trading Competition begins 2023-12-08
  • Marketing Events with partner protocols ongoing (will ramp up 2023-12-11)

Summary of changes to the original plan:
Initially, the trading incentives were to be explicitly used for Range Order types; this has been revised to allow any order type that facilitates a secondary market purchase of an option held till expiration (excludes vault sourced trades), and distribution of ARB will be pro-rata of all eligible trades by time-weighted notional over the option’s life. The other behavior to be incentivized will be determined by a wallet’s Options PnL during the trading competition; we will be self-funding these trading rewards.

2 Likes

Premia Bi-Weekly Update 2023-12-15

Recap

STIP Proposal
Program Start Date: 2023-11-15
Objective: To reduce friction solving the cold start problem for the Premia Blue Options Exchange.

600k to Vaults (Natural Options Sellers) - Live
200k to Trading and Market Making (Natural Options Buyers) - Live
100k to Partners looking to integrate Options Liquidity Mining - Discussions Ongoing

Other Obligations:

  • 500k Self-Funded ARB Vault Deposit - Complete
  • Premia matching 550k PREMIA to Vaults during STIP Period - Complete
  • Premia Academy Incentives - Quest 2 of 8 to start 2023-12-18

Tracking:

Previous Two Weeks

ARB Received Last Disbursement: [0] 127,572 To Be Claimed (385,716 Total Claimed After)

ARB Utilized as Incentives in the Last Two Weeks: [152,409] (319,681 Allocated)

Contracts incentivized over the last 2 weeks:
0xBCDBE71CA6475c3bE9f05E75bbDff7C3979Fdc52
0x9a0A6f6F7F704ef9319dA2B2a8b9D714a62cb9e3
0xeCD0E29f5B74830cE05B1342A3979b878EBa18cf
0x35cBF452957Abd321CfFcCE0b95E0eE0C4425cE7
0xf9De6BDd2023f3139c92f38D7148D19db79f1DF6
0xF675B6808211F15901D71d73f1917Ff1Cd759cCd
0x37B9Faa3E19c548d8176d9805f9b3eDc9A498fE1
0x25EDea507B31550792feB5C0c8906db1A2A1a462
0x1D81c268B8dFb17DcfFDff4620357C601f25EaAf
0xd6Be33D8d6f39C8c2783262e696f27f7565cE4CC
0xF7DFf579E9B715c1Dc3414CeD3f40c4dC28E2E08
0x4C1EF78fe6C77E05dD93052b246FAB9839D9b307
0xb626f929b412ac52C95330fc55330EeC51a6214b
0xE398ef557b4A91EF3b32B00d6A55e65C31a1def5
0xC4117377104aD15041ACE1e2B47e9BCb1efF9d60
0x3a2bd0CFD8320bFB2Cf45ff12E90A31AcE884C6D
0x96459876A7F36788cB8926A2f55ADAE7Fc385184
0x3561f9AB9C0E180FABF1127CB44a410306c17182
0xF42b0faBbB187Af5eE56C888de0672cA562AA9AC

Contract address label Form 12 completed for all addresses: [Yes]

ARB left over: [66,035]

Plan for leftover ARB:
Will begin dispersing as part of trading competition & market making rewards on 2023-12-26.

To follow the in depth plan including vaults, rates, dates, and status please reference our Premia STIP Tracking document which is updated regularly.

Summary of incentives:
TVL has continued to grow, increasing by ~1mm since the last report.
Phase 2 of the STIP campaign begun on 2023-12-08, where academy, trading, and market making components have now begun. The remaining 12 vaults are also now incentivized.

Additional Info / Disclosures to Multisig:
Other Notable Events relevant to STIP Campaign

Statistics

Metrics below will be according to the initial phase being the six vaults that were incentivized since the start of the STIP period (15 days from 2023-11-15 to 2023-12-01). The Dune dashboard is still in progress, however I have created some views specific to the STIP period that can be found at the bottom of the page. Dashboard: https://dune.com/premia/premia-blue

Average daily TVL:
TVL Today 5.5mm in USD (Prev: TVL Today 4.1mm in USD)
TVL Average 5.4mm in USD (Prev: TVL Average 3.9mm in USD)
Beginning TVL ~2mm in USD

Average daily transactions:
487 Avg Daily Txns = (Prev: 235 Avg Daily Txns)

Average daily volumes:
214k USD Daily Notional (Prev: 115k USD Daily Notional)
Note: We are seeing volumes increase, with more participants as well, given the trading competition has just begun.

Number of unique user addresses:
1094 (Prev: 886 - Since 2023-11-15)

Transaction fees:
6.3 eth (Prev: 3.4 eth)

Link to Dashboard showing metrics: [https://dune.com/premia/premia-blue]
Dashboard development remains in development; however, STIP requirements have been met. For those interested in tracking the requirements document (as well as the details sharing with OpenBlock Labs) please find the dashboard requirements document.

Plan For the Next Two Weeks

Amount of ARB to be distributed:
118,022 ARB to Vault LPs (rate of 59k/week)
50,000 ARB to Traders (To Start 2023-12-26 rate of 25k/week)
We expect to distribute 168,022 ARB every two weeks for the remainder of the STIP period (2024-01-31)

Contracts that will be incentivized:
All contracts for vaults have been deployed and funded.
The Trading Competition/MM simple claiming contracts will be provided once deployed.

Contract address label Form 12 completed for all addresses: [Yes]

Mechanism for distribution incentives:

  • Dual Mining Smart Contracts for Vaults - Complete
  • Simple Claiming Contract for Trading & Market Making Incentives (offchain tracking, however a leaderboard has been produced)]

Summary of incentives plan:

  • Weekly Quests via Galaxe starting 2023-12-04 (1 per week) - Live
  • All Dual Mining rewards for Vault Deposits 2023-12-05 - Complete
  • Trading Competition begins 2023-12-08 - Live
  • Marketing Events with partner protocols ongoing

Summary of changes to the original plan:
No changes to plan this week, and given the STIP extension, Premia is still prepared to complete the disbursement of Vault, Trading, and MM incentives according to the original timeline. However, we may take the additional time for the Partnership component (100k)

3 Likes

Premia Bi-Weekly Update 2023-12-30

Recap

STIP Proposal
Program Start Date: 2023-11-15
Objective: To reduce friction solving the cold start problem for the Premia Blue Options Exchange.

600k to Vaults (Natural Options Sellers) - Live
200k to Trading and Market Making (Natural Options Buyers) - Live
100k to Partners looking to integrate Options Liquidity Mining - Discussions Ongoing

Other Obligations:

  • 500k Self-Funded ARB Vault Deposit - Complete
  • Premia matching 550k PREMIA to Vaults during STIP Period - Complete
  • Premia Academy Incentives - Quest 3 of 8 - Live

Tracking:

Previous Two Weeks

ARB Received Last Disbursement: [255,144] Claimed (127,572 Total Claim Remaining)

ARB Utilized as Incentives in the Last Two Weeks: [152,409] (319,681 Allocated)

Contracts incentivized over the last 2 weeks: 0xBCDBE71CA6475c3bE9f05E75bbDff7C3979Fdc52
0x9a0A6f6F7F704ef9319dA2B2a8b9D714a62cb9e3
0xeCD0E29f5B74830cE05B1342A3979b878EBa18cf
0x35cBF452957Abd321CfFcCE0b95E0eE0C4425cE7
0xf9De6BDd2023f3139c92f38D7148D19db79f1DF6
0xF675B6808211F15901D71d73f1917Ff1Cd759cCd
0x37B9Faa3E19c548d8176d9805f9b3eDc9A498fE1
0x25EDea507B31550792feB5C0c8906db1A2A1a462
0x1D81c268B8dFb17DcfFDff4620357C601f25EaAf
0xd6Be33D8d6f39C8c2783262e696f27f7565cE4CC
0xF7DFf579E9B715c1Dc3414CeD3f40c4dC28E2E08
0x4C1EF78fe6C77E05dD93052b246FAB9839D9b307
0xb626f929b412ac52C95330fc55330EeC51a6214b
0xE398ef557b4A91EF3b32B00d6A55e65C31a1def5
0xC4117377104aD15041ACE1e2B47e9BCb1efF9d60
0x3a2bd0CFD8320bFB2Cf45ff12E90A31AcE884C6D
0x96459876A7F36788cB8926A2f55ADAE7Fc385184
0x3561f9AB9C0E180FABF1127CB44a410306c17182
0xF42b0faBbB187Af5eE56C888de0672cA562AA9AC
0xd3c1f1adf2e6d1c001bc7ef8a31daf37d2495b4c

Contract address label Form 12 completed for all addresses: [Yes]

ARB left over: [0]

Plan for leftover ARB:
N/A

To follow the in depth plan including vaults, rates, dates, and status please reference our Premia STIP Tracking document which is updated regularly or now the live updated STIP Specific Section of the Dashboard

Summary of incentives:
TVL continues to grow, increasing by ~1.2mm since the last report.
Trading volume has been lackluster during the holiday period; however, organic activity is starting to pick up post Christmas.
Phase 2 of the STIP campaign began on 2023-12-08, where academy, trading, and market-making components have now begun. Interestingly we are now seeing ~20% of daily activity algorithmically driven.

Additional Info / Disclosures to Multisig:
Other Notable Events relevant to STIP Campaign

  • Blue SZN STIP Campaign began 2023-12-04
  • Launched Blue SZN Week 2/8 Activity: Redstone Quest
  • Blue SZN Trading Competition Started 2023-12-08 (Week 4 Currently)
  • Layer3 Holiday Quest
  • Quiet weeks due to holidays, with trading competition rewards payout to commence on 2024-01-02
  • Socials have continued to grow from 30k->37k during the period mostly driven by quest and partnership programs.

Statistics

The Dune dashboard is always being enhanced, however I have created some views specific to the STIP period that can be found at the bottom of the page.
Overall Dashboard: https://dune.com/premia/premia-blue
Trading Competition: https://dune.com/premia/premia-blue-trading-competition

Average daily TVL:
TVL Today 6.97mm in USD (Prev: TVL Today 5.5mm in USD)
TVL Average 6.73mm in USD (Prev: TVL Average 5.4mm in USD)
Beginning TVL ~2mm in USD

Average daily transactions:
685 Avg Daily Txns = (Prev: 487 Avg Daily Txns)

Average daily volumes:
149k USD Daily Notional (Prev: 214k USD Daily Notional)

Number of unique user addresses:
1563 (Prev: 1094 - Since 2023-11-15)

Transaction fees:
12.3 eth (Prev: 6.3 eth)

Link to Dashboard showing metrics: [https://dune.com/premia/premia-blue]
Dashboard development remains in development; however, STIP requirements have been met. For those interested in tracking the requirements document (as well as the details sharing with OpenBlock Labs) please find the dashboard requirements document. A Trading competition document has also now been added to Dune

Plan For the Next Two Weeks

Amount of ARB to be distributed:
118,022 ARB to Vault LPs (rate of 59k/week)
50,000 ARB to Traders (Began 2023-12-26 rate of 25k/week) - (Shown on TC Dash)
We expect to distribute 168,022 ARB every two weeks for the remainder of the STIP period (2024-01-31)

Contracts that will be incentivized:
All contracts for vaults have been deployed and funded.
The Trading Competition/MM simple claiming contracts have been deployed.
Trading Winners for weeks 1-3 will be allocated via disperse on 2024-01-02

Contract address label Form 12 completed for all addresses: [Yes]

Mechanism for distribution incentives:

  • Dual Mining Smart Contracts for Vaults - Complete
  • Simple Claiming Contract for Trading & Market Making Incentives - Complete

Summary of incentives plan:

  • Weekly Quests via Galaxe starting 2023-12-04 (1 per week) - Live
  • All Dual Mining rewards for Vault Deposits 2023-12-05 - Complete
  • Trading Competition begins 2023-12-08 - Live
  • Marketing Events with partner protocols ongoing

Summary of changes to the original plan:
No changes to plan this week, and given the STIP extension, Premia is still prepared to complete the disbursement of Vault, Trading, and MM incentives according to the original timeline. However, we may take the additional time for the Partnership component (100k)

1 Like

Premia Bi-Weekly Update 2023-01-26

Recap

STIP Proposal
Program Start Date: 2023-11-15
Objective: To reduce friction solving the cold start problem for the Premia Blue Options Exchange.

600k to Vaults (Natural Options Sellers) - Live
200k to Trading and Market Making (Natural Options Buyers) - Live
100k to Partners looking to integrate Options Liquidity Mining - Repurposed

Other Obligations:

  • 500k Self-Funded ARB Vault Deposit - Complete
  • Premia matching 550k PREMIA to Vaults during STIP Period - Complete
  • Premia Academy/Competition Incentives - Quest 7 of 8 - Live

Tracking:

Previous Two Weeks

ARB Received Last Disbursement: [0] Claimed (385,712 Total Claim To be Executed)

ARB Utilized as Incentives in the Last Two Weeks: [152,409] (All Allocated)

Contracts incentivized over the last 2 weeks (No Change):
0xBCDBE71CA6475c3bE9f05E75bbDff7C3979Fdc52
0x9a0A6f6F7F704ef9319dA2B2a8b9D714a62cb9e3
0xeCD0E29f5B74830cE05B1342A3979b878EBa18cf
0x35cBF452957Abd321CfFcCE0b95E0eE0C4425cE7
0xf9De6BDd2023f3139c92f38D7148D19db79f1DF6
0xF675B6808211F15901D71d73f1917Ff1Cd759cCd
0x37B9Faa3E19c548d8176d9805f9b3eDc9A498fE1
0x25EDea507B31550792feB5C0c8906db1A2A1a462
0x1D81c268B8dFb17DcfFDff4620357C601f25EaAf
0xd6Be33D8d6f39C8c2783262e696f27f7565cE4CC
0xF7DFf579E9B715c1Dc3414CeD3f40c4dC28E2E08
0x4C1EF78fe6C77E05dD93052b246FAB9839D9b307
0xb626f929b412ac52C95330fc55330EeC51a6214b
0xE398ef557b4A91EF3b32B00d6A55e65C31a1def5
0xC4117377104aD15041ACE1e2B47e9BCb1efF9d60
0x3a2bd0CFD8320bFB2Cf45ff12E90A31AcE884C6D
0x96459876A7F36788cB8926A2f55ADAE7Fc385184
0x3561f9AB9C0E180FABF1127CB44a410306c17182
0xF42b0faBbB187Af5eE56C888de0672cA562AA9AC
0xd3c1f1adf2e6d1c001bc7ef8a31daf37d2495b4c

Contract address label Form 12 completed for all addresses: [Yes]

ARB left over: [0]

Plan for leftover ARB:
N/A

To follow the in depth plan including vaults, rates, dates, and status please reference our Premia STIP Tracking document which is updated regularly or now the live updated STIP Specific Section of the Dashboard

Summary of incentives:
TVL continues to grow, reaching a peak over 9mm on 2024-01-20.
Trading volume racked up significantly into the ETF approval as expected; however, it has cooled down since that major market event. Even though trading volume reduced post-ETF, fees have remained consistent on a rolling average basis for the last 60 days, and premia is now a top 50 protocol in terms of gas spend on Arbitrum!

Additional Info / Disclosures to Multisig:
Other Notable Events relevant to STIP Campaign

  • Trading Competition Continues
  • Spaces with various partners

Statistics

The Dune dashboard is always being enhanced, however I have created some views specific to the STIP period that can be found at the bottom of the page.
Overall Dashboard: https://dune.com/premia/premia-blue
Trading Competition: https://dune.com/premia/premia-blue-trading-competition

Average daily TVL:
TVL Today 8.7mm in USD
TVL Average 8.92mm in USD
Beginning TVL ~2mm in USD

Average daily transactions:
745 Avg Daily Txns

Average daily volumes:
134k USD Daily Notional

Number of unique user addresses:
1893 (Since 2023-11-15)

Transaction fees:
18 eth

Link to Dashboard showing metrics: [https://dune.com/premia/premia-blue]
For those interested in tracking the requirements document (as well as the details sharing with OpenBlock Labs) please find the dashboard requirements document. A Trading competition document has also now been added to Dune

Plan For the Next Two Weeks

Amount of ARB to be distributed:
118,022 ARB to Vault LPs (rate of 59k/week)
25,000 ARB to Traders (Began 2023-12-26 rate of 12.5k/week) - (Shown on TC Dash)
We expect to distribute 143,022 ARB every two weeks for the remainder of the STIP period (2024-03-05)

Contracts that will be incentivized:
All contracts for vaults have been deployed and funded.
The Trading Competition/MM simple claiming contracts have been deployed.

Contract address label Form 12 completed for all addresses: [Yes]

Mechanism for distribution incentives:

  • Dual Mining Smart Contracts for Vaults - Complete
  • Simple Claiming Contract for Trading & Market Making Incentives - Complete

Summary of incentives plan:

  • Weekly Quests via Galaxe starting 2023-12-04 (1 per week) - Live
  • All Dual Mining rewards for Vault Deposits 2023-12-05 - Complete
  • Trading Competition begins 2023-12-08 - Live
  • Marketing Events with partner protocols ongoing

Summary of changes to the original plan:
After careful deliberation and consideration, we have chosen to utilize the 100k Allocation for Partnerships to extend our current rewards for one additional month to remain competitive with other projects during the extended STIP window. The two main reasons for justification are:
A) Unfortunately, we have spoken to many other projects; however, given the complexity of OLM, it has proven difficult to find protocols with extra resources to facilitate this time of partnership and onboarding, and from the feedback we have received, it is unlikely to happen until after the STIP period.
B) Our contracts emit at a fixed rate until exhausted; thus as we had originally planned on a full distribution date of 2024-01-31 we would have to redeploy all the contracts to change the rate, thus we decided against this option. However, we want to put those 100k Tokens to work for our users, so we will continue to fund the emissions for another month until around 2024-03-05. If the DAO deems this an inappropriate use, Premia is willing to fund it out of pocket. Regardless, 100k is not enough to cover the entirety of the extension, so Premia will have to fund a portion out of pocket.

In lockstep with this decision, the Secondary Market incentives and Trading Competition have been extended to around 2024-03-05 as well. This change can be seen on the STIP Allocation document.

Overall, we will continue to track this extension in the dashboard as % Committed is now shown over 100% from the original plan in the name of transparency.

Premia Bi-Weekly Update 2023-02-23

Recap

STIP Proposal
Program Start Date: 2023-11-15
Objective: To reduce friction solving the cold start problem for the Premia Blue Options Exchange.

600k to Vaults (Natural Options Sellers) - Live
200k to Trading and Market Making (Natural Options Buyers) - Live
100k to Partners looking to integrate Options Liquidity Mining - Repurposed

Other Obligations:

  • 500k Self-Funded ARB Vault Deposit - Complete
  • Premia matching 550k PREMIA to Vaults during STIP Period - Complete
  • Premia Academy/Competition Incentives - Quest 12 of 8 - Live - To Conclude 2024-03-01

Tracking:

Previous Two Weeks

ARB Received Last Disbursement: [385,712] Claimed 2024-01-27

ARB Utilized as Incentives in the Last Two Weeks: [152,409] (All Allocated)

Contracts incentivized over the last 2 weeks (No Change):
0xBCDBE71CA6475c3bE9f05E75bbDff7C3979Fdc52
0x9a0A6f6F7F704ef9319dA2B2a8b9D714a62cb9e3
0xeCD0E29f5B74830cE05B1342A3979b878EBa18cf
0x35cBF452957Abd321CfFcCE0b95E0eE0C4425cE7
0xf9De6BDd2023f3139c92f38D7148D19db79f1DF6
0xF675B6808211F15901D71d73f1917Ff1Cd759cCd
0x37B9Faa3E19c548d8176d9805f9b3eDc9A498fE1
0x25EDea507B31550792feB5C0c8906db1A2A1a462
0x1D81c268B8dFb17DcfFDff4620357C601f25EaAf
0xd6Be33D8d6f39C8c2783262e696f27f7565cE4CC
0xF7DFf579E9B715c1Dc3414CeD3f40c4dC28E2E08
0x4C1EF78fe6C77E05dD93052b246FAB9839D9b307
0xb626f929b412ac52C95330fc55330EeC51a6214b
0xE398ef557b4A91EF3b32B00d6A55e65C31a1def5
0xC4117377104aD15041ACE1e2B47e9BCb1efF9d60
0x3a2bd0CFD8320bFB2Cf45ff12E90A31AcE884C6D
0x96459876A7F36788cB8926A2f55ADAE7Fc385184
0x3561f9AB9C0E180FABF1127CB44a410306c17182
0xF42b0faBbB187Af5eE56C888de0672cA562AA9AC
0xd3c1f1adf2e6d1c001bc7ef8a31daf37d2495b4c

Contract address label Form 12 completed for all addresses: [Yes]

ARB left over: [0]

Plan for leftover ARB:
N/A

To follow the in depth plan including vaults, rates, dates, and status please reference our Premia STIP Tracking document which is updated regularly or now the live updated STIP Specific Section of the Dashboard

Summary of incentives:
TVL continues to grow, reaching a peak over 12mm on 2024-02-17.
Market Making incentives are starting to show impact now we are seeing RFQ and Orderbook Activity picking up on the bid and ask side. Orderbook volume at the beginning of STIP was nil and now has done upwards of 4mm in volume and continues to outpace range order volume.

Additional Info / Disclosures to Multisig:
Other Notable Events relevant to STIP Campaign

  • Trading Competition to Conclude on 2024-03-01

Statistics

The Dune dashboard is always being enhanced, however I have created some views specific to the STIP period that can be found at the bottom of the page.
Overall Dashboard: https://dune.com/premia/premia-blue
Trading Competition: https://dune.com/premia/premia-blue-trading-competition

Average daily TVL:
TVL Today 11.5mm in USD
TVL Average 11.5mm in USD
Beginning TVL ~2mm in USD

Average daily transactions:
583 Avg Daily Txns

Average daily volumes:
225k USD Daily Notional

Number of unique user addresses:
2002 (Since 2023-11-15)

Transaction fees:
24 eth

Link to Dashboard showing metrics: [https://dune.com/premia/premia-blue]
For those interested in tracking the requirements document (as well as the details sharing with OpenBlock Labs) please find the dashboard requirements document. A Trading competition document has also now been added to Dune

Plan For the Next Two Weeks

Amount of ARB to be distributed:
118,022 ARB to Vault LPs (rate of 59k/week)
25,000 ARB to Traders (Began 2023-12-26 rate of 12.5k/week) - (Shown on TC Dash)
We expect to distribute 143,022 ARB every two weeks for the remainder of the STIP period (2024-03-05)

Contracts that will be incentivized:
All contracts for vaults have been deployed and funded.
The Trading Competition/MM simple claiming contracts have been deployed.

Contract address label Form 12 completed for all addresses: [Yes]

Mechanism for distribution incentives:

  • Dual Mining Smart Contracts for Vaults - Complete
  • Simple Claiming Contract for Trading & Market Making Incentives - Complete

Summary of incentives plan:

  • All Dual Mining rewards for Vault Deposits 2023-12-05 - Complete
  • Trading Competition begins 2023-12-08 - Live - Ends 2024-03-05
  • Marketing Events with partner protocols ongoing

Summary of changes to the original plan:
As mentioned last week all incentivized contracts have been fully funded for the remainder of the program which will end on 2024-03-05. Trading Competition rewards have been paid out through week 8, with the remainder of the 4 weeks to be paid out on 2024-03-05. After including the 100k partnership allocation repurposed for this extension, Premia will have matched with ~84k ARB from the treasury. We will prepare one last update in March to highlight success areas, and areas for self-reflection.

Overall, we will continue to track this extension in the dashboard as % Committed is now shown over 100% from the original plan in the name of transparency.