Shell Protocol Bi-Weekly Update July 29, 2024

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.