Rysk STIP Program Updates

Archive Biweekly Updates (STIP)
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!