Shell Protocol Bi-Weekly Update July 15, 2024
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
aArbWETH gauge: 0x2CAf747949CA80AB34F98D2b4778d88Ca8760973
PT-rETH-26JUN2025 gauge: 0x7206adad3f9a21933f03118f5f9f76756d7181c4
wstETH-WETH-BPT gauge: 0xa1b059bd3f379c3f22d02ed5f481c2fe7d19a9ec
ezETH-wstETH-BPT gauge: 0xd0c427296140A67D98A7A9ba4247950eDED6e143
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. Protocols incentivized this week: Aave, Beefy, Proteus.
Additional Info / Disclosures to Multisig: None
STATS
Average daily TVL (added to DeFi protocols): $2,499,730
Average daily transactions: 518
Average daily volumes: $1,081,489
Number of unique user addresses: 382
Transaction fees: NA
Link to Dashboard showing metrics: Shell Protocol
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:
PT-USDe-29AUG2024 gauge: 0x1ACf3B69B7b6ddA600Be7Ee7FAe35DB2dC58cB06
aArbwstETH gauge: 0x41e6a5f71F41EB273A8EeC4A5D560e844B3d7E7F
Shell+eth gauge: 0x4ff4758a0F4739567f0e955311dE213A69FD16B7
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.