Rysk STIP Program Updates

DAO Programs & Initiatives Biweekly Updates (STIP)
1

Rysk Bi-Weekly Update #1 [11/16/2023]

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Recap of the Previous Two Weeks

Rysk has seen a tremendous growth since the start of the STIP (Nov 3rd) in volumes, TVL and users.

Goal of the incentives in the proposal was to increase volumes with a target of 3k contracts per week and to increase TVL to $3m. Those targets were hit in the first week (Weekly Volumes: 4.4k contracts, TVL: $3.44M with capped vault) massively contributing to the Arbitrum options volumes growth recorded in the last days.

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We can confidently say that we are successfully on track with this goal.

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 35,714 distributed on Nov 10 for the period Nov 3rd - Nov 10.

Contracts incentivized over the last 2 weeks:

Contract address label Form completed for all addresses: Yes

ARB left over: 35,715

Plan for leftover ARB:

  • 35,715 ARB will be distributed on Nov 17 for the period Nov 10 - Nov 17

Summary of incentives:

  • 17,857 ARB weekly to Liquidity Providers
  • 17,857 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options to the DHV (closing a bought contract does not qualify). Sellers earn rewards when:
      • hold position at least 24hrs
    • 20%: Buying contracts — trades that buy options from the DHV (closing a sold contract does not qualify). Buyers earn rewards when:
      • trade longer dated expiries (+30 DTE)
      • hold position at least 24hrs

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $2.55m

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Average daily transactions: 140

Average daily volumes: $1.4m

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Number of unique user addresses: 932

Transaction fees: 0.4327 ETH

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 71,429

Contracts that will be incentivized:

  • Liquidity Pool (0x217749d9017cB87712654422a1F5856AAA147b80)
  • OptionsExchange (0xC117bf3103bd09552F9a721F0B8Bce9843aaE1fa)

Contract address label Form completed for all addresses: YES

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: ~17.8k ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: ~17.8k ARB
Every contract traded is eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80% Selling contracts — trades that sell options to the DHV (closing a bought contract does not qualify). Sellers earn rewards when:
    • hold position at least 24hrs
  • 20% Buying contracts — trades that buy options from the DHV (closing a sold contract does not qualify). Buyers earn rewards when:
    • trade longer dated expiries (+30 DTE)
    • hold position at least 24hrs

Summary of incentives plan:

  • 17,857 ARB (50%) weekly to Liquidity Providers
  • 17,857 ARB (50%) weekly to Traders

Summary of changes to the original plan: No changes are implemented to the original plan yet. The following changes might be applied in the following weeks:

  • Liquidity Providers: Increase the current cap of $2.5m in case utilization of the pool is high and additional capital is required for the vault to support trading or hedging.

  • Trading. Adjust the buyer / seller ratio or products incentivized in order to keep volume high and risk for LPs under control.

Any potential change in the distribution will be communicated properly beforehand.

9 Likes
2

Rysk Bi-Weekly Update #2 [11/30/2023]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 35,715 distributed for the period Nov 17th - Nov 24th.

Contracts incentivized over the last 2 weeks:

Contract address label Form 10 completed for all addresses: Y

ARB left over: 35,715

Plan for leftover ARB: 35,715 ARB will be distributed on Dec 1st for the period Nov 24 - Dec 1st

Summary of incentives:

  • 17,857 ARB weekly to Liquidity Providers
  • 17,857 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options to the DHV (closing a bought contract does not qualify). Sellers earn rewards when:
      • hold position at least 24hrs
    • 20%: Buying contracts — trades that buy options from the DHV (closing a sold contract does not qualify). Buyers earn rewards when:
      • trade longer dated expiries (+30 DTE)
      • hold position at least 24hrs

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $3.03M last weeks / $2.79M since STIP started

Average daily transactions: 99 last 2 weeks / 117 since STIP started

Average daily volumes: $1.1M last 2 weeks / $1.24M since STIP started

Number of unique user addresses: 492 last 2 weeks / 1426 since STIP started

Transaction fees: 0.3227 ETH last 2 weeks / 0.7558 ETH since STIP started

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 71,429

Contracts that will be incentivized:

Contract address label Form 10 completed for all addresses: Y

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: ~17.8k ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: ~17.8k ARB
Contracts traded are eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80% Selling contracts — trades that sell options to the DHV (closing a bought contract does not qualify). Sellers earn rewards when:

    • hold position at least 24hrs

  • 20% Buying contracts — trades that buy options from the DHV (closing a sold contract does not qualify). Buyers earn rewards when:

    • trade longer dated expiries (+30 DTE)
    • hold position at least 24hrs

Summary of incentives plan:

  • 17,857 ARB (50%) weekly to Liquidity Providers
  • 17,857 ARB (50%) weekly to Traders

Summary of changes to the original plan:
No changes are implemented to the original plan yet. The following changes might be applied in the following weeks:

  • Liquidity Providers: Increase the current cap of $2.5m in case utilization of the pool is high and additional capital is required for the vault to support trading or hedging.

  • Trading. Adjust the buyer / seller ratio or products incentivized in order to keep volume high and risk for LPs under control.

Any potential change in the distribution will be communicated properly beforehand.

3 Likes
3

Rysk Bi-Weekly Update #3 [12/15/2023]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 35,714.5 distributed for the period Dec 1st - Dec 8th.

Contracts incentivized over the last 2 weeks:

Contract address label Form 10 completed for all addresses: Y

ARB left over: 35,714.5

Plan for leftover ARB: 35,714.5 ARB will be distributed on Dec 15th for the period Dec 8th - Dec 15th

Summary of incentives:

Dec 1st - Dec 8th

  • 17,857.25 ARB weekly to Liquidity Providers
  • 17,857.25 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options to the DHV (closing a bought contract does not qualify). Sellers earn rewards when:
      • hold position at least 24hrs
    • 20%: Buying contracts — trades that buy options from the DHV (closing a sold contract does not qualify). Buyers earn rewards when:
      • trade longer dated expiries (+30 DTE)
      • hold position at least 24hrs

Dec 8th - Dec 15th

  • 17,857.25 ARB weekly to Liquidity Providers

  • 17,857.25 ARB weekly to Traders as follow:

    • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).

    • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).

    • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).

      Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $3.2M last 2 weeks / $2.9M since STIP started

Average daily transactions: 93 last 2 weeks / 109 since STIP started

Average daily volumes: $1.27M last 2 weeks / $1.25 since STIP started

Number of unique user addresses: 437 last 2 weeks / 1864 since STIP started

Transaction fees: 0.3862 ETH last 2 weeks / 1.1425 ETH since STIP started

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 71,429

Contracts that will be incentivized:

Contract address label Form 10 completed for all addresses: Y

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: 17,857.25 ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: 17,857.25 ARB
Contracts traded are eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).

  • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).

  • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).

Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Summary of incentives plan:

  • 17,857.25 ARB (50%) weekly to Liquidity Providers
  • 17,857.25 ARB (50%) weekly to Traders

Summary of changes to the original plan:
A small change in the original distribution was made starting Dec 8th. The change was announced on Dec 6th: https://twitter.com/ryskfinance/status/1732430355909763108.

The changes are the following:

Traders

  • minimum holding for a position is now 12hrs (from 24hrs)
  • On the buy side all trades are now eligibile:
  • 5% of traders incentives to shorted dated expiries (<30DTE)
  • 15% of traders incentives to longer dated expiries (≥ 30DTE)

Liquidity Providers
No changes made

Full recap of new distribution can be found here: Arbitrum STIP Rewards for Rysk Phase 2 | by Rysk Finance | Dec, 2023 | Rysk Finance

Any potential change in the distribution for the next weeks will be communicated properly beforehand.

2 Likes
4

Rysk Bi-Weekly Update #4 [12/29/2023]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 71,429.

  • 35,714.5 distributed last week.
  • 35,714.5 will be distributed this week.

Contracts incentivized over the last 2 weeks:

Contract address label Form 10 completed for all addresses: Y

ARB left over: 35,714.5

Plan for leftover ARB: 35,714.5 will be distributed by end of week.

Summary of incentives:

  • 17,857.25 ARB weekly to Liquidity Providers
  • 17,857.25 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
    • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
    • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $3.4M last 2 weeks / $2.9M since STIP started

Average daily transactions: 87 last 2 weeks / 104 since STIP started

Average daily volumes: $1.8M last 2 weeks / $1.4M since STIP started

Number of unique user addresses: 442 last 2 weeks / 2,270 since STIP started

Transaction fees: 0.36 ETH last 2 weeks / 1.48 ETH since STIP started

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 71,429

Contracts that will be incentivized:

Contract address label Form 10 completed for all addresses: Y

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: 17,857.25 ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: 17,857.25 ARB
Contracts traded are eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
  • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
  • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).

Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Summary of incentives plan:

  • 17,857.25 ARB (50%) weekly to Liquidity Providers
  • 17,857.25 ARB (50%) weekly to Traders

Summary of changes to the original plan:
No change implemented since phase 2 started on Dec. 6th.

Full recap of Phase 2 distribution can be found here: Arbitrum STIP Rewards for Rysk Phase 2 | by Rysk Finance | Dec, 2023 | Rysk Finance

Any potential change in the distribution for the next weeks will be communicated properly beforehand.

1 Like
5

Rysk Bi-Weekly Update #5 [1/12/2024]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 71,429.

  • 35,714.5 distributed on Jan 5th
  • 35,714.5 distributed on Jan 12th

Contracts incentivized over the last 2 weeks:

Contract address label Form 10 completed for all addresses: Y

ARB left over: 0

Plan for leftover ARB: n.a.

Summary of incentives:

  • 17,857.25 ARB weekly to Liquidity Providers
  • 17,857.25 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
    • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
    • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $3.1M last 2 weeks / $3.0M since STIP started

Average daily transactions: 198 last 2 weeks / 125 since STIP started

Average daily volumes: $2.1M last 2 weeks / $1.6M since STIP started

Number of unique user addresses: 1,821 last 2 weeks / 4,059 since STIP started

Transaction fees: 0.4648 ETH last 2 weeks / 1.9321 ETH since STIP started

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 25,973

Contracts that will be incentivized:

Contract address label Form 10 completed for all addresses: Y

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: 6,493 ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: 6,493 ARB
Contracts traded are eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
  • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
  • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).

Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Summary of incentives plan:

  • 6,493 ARB (50%) weekly to Liquidity Providers
  • 6,493 ARB (50%) weekly to Traders

Summary of changes to the original plan:
A change has been made to the distribution following the Timeline Extension for STIP and Backfund Grantees proposal. The remaining funds (142,855 ARB) will be distributed until March 29th, 2024 with a distribution of 12,986 ARB per week.

New Distribution will be effective starting Friday January 19th counting the trades started on January 12th 8AM UTC.

Announcement here: Arbitrum STIP Rewards for Rysk Extended until March 29th, 2024 | by Rysk Finance | Jan, 2024 | Rysk Finance

1 Like
6

Rysk Bi-Weekly Update #6 [1/26/2024]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 25,973.6

  • 12,986.8 distributed on Jan 19th
  • 12,986.8 distributed on Jan 26th

Contracts incentivized over the last 2 weeks:

Contract address label Form 10 completed for all addresses: Y

ARB left over: 45,455.4

Plan for leftover ARB:

  • 6,493 ARB (50%) weekly to Liquidity Providers
  • 6,493 ARB (50%) weekly to Traders

Summary of incentives:

  • 6,493 ARB weekly to Liquidity Providers
  • 6,493 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
    • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
    • 5%: Buying contract on shorted dated expiries (< 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $3.2M last 2 weeks / $3.1M since STIP started

Average daily transactions: 87 last 2 weeks / 118 since STIP started

Average daily volumes: $750k last 2 weeks / $1.4M since STIP started

Number of unique user addresses: 844 last 2 weeks / 4,844 since STIP started

Transaction fees: 0.1781 ETH last 2 weeks / 2.0977 ETH since STIP started

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 25,973

Contracts that will be incentivized:

Contract address label Form 10 completed for all addresses: Y

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: 6,493 ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: 6,493 ARB
Contracts traded are eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
  • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
  • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).

Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Summary of incentives plan:

  • 6,493 ARB (50%) weekly to Liquidity Providers
  • 6,493 ARB (50%) weekly to Traders

Summary of changes to the original plan:

The changes announced on Jan 12th started in the last 2 weeks.

1 Like
7

Rysk Bi-Weekly Update #7 [2/10/2024]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 25,973.6

  • 12,986.8 distributed on Feb 2nd
  • 12,986.8 distributed on Feb 9th

Contracts incentivized over the last 2 weeks:

Contract address label Form 10 completed for all addresses: Y

ARB left over: 90,908

Plan for leftover ARB:

  • 6,493 ARB (50%) weekly to Liquidity Providers
  • 6,493 ARB (50%) weekly to Traders

Distribution will end in 7 weeks on March 29th.

Summary of incentives:

  • 6,493 ARB weekly to Liquidity Providers
  • 6,493 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
    • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
    • 5%: Buying contract on shorted dated expiries (< 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $2.5M last 2 weeks / $2.9M since STIP started

Average daily transactions: 52 last 2 weeks / 109 since STIP started

Average daily volumes: $711k last 2 weeks / $1.3M since STIP started

Number of unique user addresses: 452 last 2 weeks / 5,267 since STIP started

Transaction fees: 0.1542 ETH last 2 weeks / 2.2482 ETH since STIP started

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 25,973

Contracts that will be incentivized:

Contract address label Form 10 completed for all addresses: Y

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: 6,493 ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: 6,493 ARB
Contracts traded are eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
  • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
  • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).

Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Summary of incentives plan:

  • 6,493 ARB (50%) weekly to Liquidity Providers
  • 6,493 ARB (50%) weekly to Traders

Summary of changes to the original plan:

No changed in the last 2 weeks

8

Rysk Bi-Weekly Update #8 [2/23/2024]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 25,973.6

  • 12,986.8 distributed on Feb 16th
  • 12,986.8 distributed on Feb 23rd

Contracts incentivized over the last 2 weeks:

Contract address label Form 10 completed for all addresses: Y

ARB left over: 64,933 ARB

Plan for leftover ARB:

  • 7,142.75 ARB (55%) weekly to Liquidity Providers
  • 5,844.07 ARB (45%) weekly to Traders

Distribution ends on March 29th.

Summary of incentives:

Feb 16th distribution

  • 6,493 ARB weekly to Liquidity Providers
  • 6,493 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
    • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
    • 5%: Buying contract on shorted dated expiries (< 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Feb 23rd distribution

  • 7,142.75 ARB weekly to Liquidity Providers
  • 5,844.07 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
    • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
    • 5%: Buying contract on shorted dated expiries (< 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $2.5M last 2 weeks / $2.9M since STIP started

Average daily transactions: 54 last 2 weeks / 103 since STIP started

Average daily volumes: $828k last 2 weeks / $1.28M since STIP started

Number of unique user addresses: 310 last 2 weeks / 5,566 since STIP started

Transaction fees: 0.1603 ETH last 2 weeks / 2.4062 ETH since STIP started

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 25,973

Contracts that will be incentivized:

Contract address label Form 10 completed for all addresses: Y

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: 7,142.75 ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: 5,844.07 ARB
Contracts traded are eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
  • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
  • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).

Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

Summary of incentives plan:

  • 7,142.75 ARB (50%) weekly to Liquidity Providers
  • 5,844.07 ARB (50%) weekly to Traders

Summary of changes to the original plan:

15/2/24 Update

  • Total weekly grants pool for Liquidity Providers has been increased to 7,142.75 ARB, up from the previous amount of 6,493.40 ARB.
  • Total weekly grants pool for Traders has been adjusted to 5,844.07 ARB, from 6,493.40 ARB.
9

Rysk Bi-Weekly Update #9 [3/8/2024]

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 25,973.6

  • 12,986.8 distributed on Mar 1st
  • 12,986.8 distributed on Mar 8th

Contracts incentivized over the last 2 weeks:

Contract address label Form 10 completed for all addresses: Y

ARB left over: 38,960 ARB

Plan for leftover ARB:

  • 7,142.75 ARB (55%) weekly to Liquidity Providers
  • 5,844.07 ARB (45%) weekly to Traders

Distribution ends on March 29th.

Summary of incentives:

  • 7,142.75 ARB weekly to Liquidity Providers
  • 5,844.07 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
    • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
    • 5%: Buying contract on shorted dated expiries (< 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

If options with ≥ 30 DTE are not available the allocated amount will be proportionally distributed to LPs and traders

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $2.2M last 2 weeks / $2.8M since STIP started

Average daily transactions: 52 last 2 weeks / 97 since STIP started

Average daily volumes: $764k last 2 weeks / $1.22M since STIP started

Number of unique user addresses: 259 last 2 weeks / 5,849 since STIP started

Transaction fees: 0.2178 ETH last 2 weeks / 2.6327 ETH since STIP started

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 25,973

Contracts that will be incentivized:

Contract address label Form 10 completed for all addresses: Y

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: 7,142.75 ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: 5,844.07 ARB
Contracts traded are eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
  • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
  • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).

Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

If options with ≥ 30 DTE are not available the allocated amount will be proportionally distributed to LPs and traders

Summary of incentives plan:

  • 7,142.75 ARB (50%) weekly to Liquidity Providers
  • 5,844.07 ARB (50%) weekly to Traders

Summary of changes to the original plan:

No changes in the plan. The March 8th distribution did not have any ≥ 30 DTE options so the 876 ARB allocated were distributed proportionally to all the parties (LPs and traders)

10

Next update will be released on March 23 at the end of the distribution.

11

Rysk Bi-Weekly Update #10 [3/29/2024]

Recap of the Previous 3 Weeks

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last 3 Weeks: 38,960.4

  • 12,986.8 distributed on Mar 15th
  • 12,986.8 distributed on Mar 22th
  • 12,986.8 distributed on Mar 29th

Contracts incentivized over the last 3 weeks:

Contract address label Form 10 completed for all addresses: Y

ARB left over: 0 ARB

Plan for leftover ARB:

All ARB distributed

Summary of incentives:

  • 7,142.75 ARB weekly to Liquidity Providers
  • 5,844.07 ARB weekly to Traders as follow:
    • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
    • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
    • 5%: Buying contract on shorted dated expiries (< 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

If options with ≥ 30 DTE are not available the allocated amount will be proportionally distributed to LPs and traders

Additional Info / Disclosures to Multisig: n.a.

STATS

Average daily TVL: $1.5M last 3 weeks / $2.6M since STIP started

Average daily transactions: 51 last 3 weeks / 90 since STIP started

Average daily volumes: $463k last 3 weeks / $1.1M since STIP started

Number of unique user addresses: 595 last 3 weeks / 6,444 since STIP started

Transaction fees: 0.0862 ETH last 3 weeks / 2.7189 ETH since STIP started

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 0

Contracts that will be incentivized:

Contract address label Form 10 completed for all addresses: Y

Mechanism for distribution incentives:

Liquidity Providers:
Total weekly grants pool: 7,142.75 ARB
Anyone with a deposit in the DHV when the weekly epoch is executed (every Friday):

  • airdrop every Friday after weekly epoch ends
  • (user shares / total shares) X total weekly grants pool

Traders:
Total weekly grants pool: 5,844.07 ARB
Contracts traded are eligible to earn a share of the weekly grants pool at option expiry (every Friday 8AM UTC). Each contract traded will receive proportional rewards based on the following distribution:

  • 80%: Selling contracts — trades that sell options (closing a bought contract does not qualify).
  • 15%: Buying contracts on longer dated expiries (≥ 30 DTE) — trades that buy options with 30days expiry or more (closing a sold contract does not qualify).
  • 5%: Buying contract on shorted dated expiries (≤ 30 DTE) — trades that buy options with expiry lower than 30 days (closing a sold contract does not qualify).

Each position (buy and sell) needs to be held for at least 12hrs to be eligible.

If options with ≥ 30 DTE are not available the allocated amount will be proportionally distributed to LPs and traders

Summary of incentives plan:

ended

Summary of changes to the original plan:

No changes in the plan. Distribution ended!

12

Below reflections on STIP an reasons why Rysk did not apply for the STIP bridge program

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