Shell Protocol Bi-Weekly Update August 12, 2024
Recap of the Previous Two Weeks
ARB Received Last Disbursement: 62,500
ARB Utilized as Incentives in the Last Two Weeks: 64,000
Contracts incentivized over the last 2 weeks:
Shell+eth gauge: 0x4ff4758a0F4739567f0e955311dE213A69FD16B7
PT rETH 26JUN2025 gauge: 0xf128cdA68165389881e2d63f4D372fe1DB098805
Moo Curve 2pool gauge: 0xE9C4Cc240bDDdFdC873794FCc332a20EaAF804cF
YT rETH 26JUN2025 gauge: 0xf82C82BCE6Ead15d5f614BB1759aaC0862689e15
aArbDAI gauge: 0x766Ee17d934E94e4EAAECdA25a51Ae72EE0aEce3
Contract address label Form 49 completed for all addresses: YES
ARB left over: 31,250
Plan for leftover ARB: The program started one week late, so we are one week behind. The program will continue at the current rate, on a one week lag until all tokens have been distributed. We also set aside 1500 ARB as an incentive for users to try Shell’s cross chain bridge functionality. This program concluded last week.
Summary of incentives: Incentives went to encourage users to use the Shell dapp interface and provide liquidity to DeFi protocols in the Arbitrum ecosystem. Protocols incentivized this week: Aave, Beefy, Proteus.
Additional Info / Disclosures to Multisig: None
STATS
TVL (added to DeFi protocols): $2,280,075
Average daily transactions: 333
Average daily volumes: $695,478
Number of unique user addresses: 188
Transaction fees: NA
Link to Dashboard showing metrics: [see link from previous posts]
Plan For the Next Two Weeks
Amount of ARB to be distributed: Continue along with the plan outlined in our STIP proposal.
Contracts that will be incentivized:
rETH-wETH-BPT gauge: 0xbBAd48B46a1C3759360FC43d46644C18c9ef4825
Shell+eth gauge: 0x4ff4758a0F4739567f0e955311dE213A69FD16B7
crvUSD/USDC gauge: 0x6055A49c040E423614ADBA834711cA755551a2C7
Contract address label Form 49 completed for all addresses: Yes
Mechanism for distribution incentives: use a version of the Curve gauge staking contract
Summary of incentives plan: Same plan as previous week.
Summary of changes to the original plan: No changes.