# Shell Protocol Bi-Weekly Update August 26, 2024

**URL:** <https://forum.arbitrum.foundation/t/shell-protocol-bi-weekly-update-august-26-2024/26566>\
**Category:** Biweekly Updates (STIP)\
**Created:** [August 30, 2024, 10:27pm UTC](https://forum.arbitrum.foundation/t/shell-protocol-bi-weekly-update-august-26-2024/26566 "2024-08-30T22:27:47Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![Dark\_Kenny](https://avatars.discourse-cdn.com/v4/letter/d/ecd19e/32.png) [@Dark\_Kenny](https://forum.arbitrum.foundation/u/Dark_Kenny)\
**Post date:** [August 30, 2024, 10:27pm UTC](https://forum.arbitrum.foundation/t/shell-protocol-bi-weekly-update-august-26-2024/26566/1 "2024-08-30T22:27:47Z")

</div>

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 62,500

ARB Utilized as Incentives in the Last Two Weeks: 62,500

Contracts incentivized over the last 2 weeks:

Shell+eth gauge: 0x4ff4758a0F4739567f0e955311dE213A69FD16B7

YT-USDe-29AUG2024 gauge: 0x8B8884bB5Cb8CE62c68c088F6cA800CDD2109961

mooBalancerArbETH-rETH gauge: 0x67112a31A8600De3fCdf020452049650895d3e0b

rETH-wETH-BPT gauge: 0xbBAd48B46a1C3759360FC43d46644C18c9ef4825

crvUSD/USDC gauge: 0x6055A49c040E423614ADBA834711cA755551a2C7

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.

Summary of incentives: Incentives went to encourage users to use the Shell dapp interface and provide liquidity to DeFi protocols in the Arbitrum ecosystem.

Additional Info / Disclosures to Multisig: None

STATS

TVL (added to DeFi protocols): $1,575,448

Average daily transactions: 265

Average daily volumes: $304,319

Number of unique user addresses: 148

Transaction fees: NA

Link to Dashboard showing metrics: (see previous submissions)

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:

Shell+eth gauge: 0x4ff4758a0F4739567f0e955311dE213A69FD16B7

aArbARB gauge: 0x16d325B1722035a9821377CB64cE79540934b764

crvUSD/USDT gauge: 0xF6fa02AF6B9DBDD60B371aBD7aAFD71ac39410d6

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.