Shell Protocol Bi-Weekly Update July 29, 2024
Recap of the Previous Two Weeks
ARB Received Last Disbursement: 62,500
ARB Utilized as Incentives in the Last Two Weeks: 61,000
Contracts incentivized over the last 2 weeks:
Shell+eth gauge: 0x4ff4758a0F4739567f0e955311dE213A69FD16B7
aArbwstETH gauge: 0x41e6a5f71F41EB273A8EeC4A5D560e844B3d7E7F
Pendle-PT-USDe-29AUG2024 gauge: 0x1ACf3B69B7b6ddA600Be7Ee7FAe35DB2dC58cB06
Curve 2Pool gauge: 0xbe8E380E5b03CD74E7b4Aa2741eC7Cc40b690700
Contract address label Form 49 completed for all addresses: YES
ARB left over: 32,750
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 will run for one 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): $2,499,730
Average daily transactions: 377
Average daily volumes: $1,125,959
Number of unique user addresses: 234
Transaction fees: NA
Link to Dashboard showing metrics: (see link posted in previous updates)
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 rETH 26JUN2025 gauge: 0xf128cdA68165389881e2d63f4D372fe1DB098805
Moo Curve 2pool gauge: 0xE9C4Cc240bDDdFdC873794FCc332a20EaAF804cF
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.