Recap of the Previous Two Weeks
TVL
Thetanuts Finance is now in its seventh week of distributing $ARB rewards as part of the Arbitrum STIP Bridge programme. Thetanuts Finance’s TVL on Arbitrum currently sits at ~$9.1mm. We believe market volatility has led to stagnating TVL as users become more risk averse. Despite these market conditions, we have seen strong demand for our $PT-uniETH PT Strategy Vault – as Bedrock has provided additional incentives through their Points multiplier programme.
Our Dune query for our metrics on Arbitrum can be found here.
Thetanuts Finance x Pendle for Arbitrum STIP Bridge
Under Pendle’s Phase III of the Arbitrum STIP, Thetanuts Finance will receive an allocation of 9,000 $ARB - to be distributed between our Pendle PT Strategy Vaults over three weeks from Aug 1 to Aug 22. This is the same distribution amount as the previous Pendle Arbitrum STIP Phase II.
Plan For the Next Two Weeks
ARB Received Last Disbursement: 33,333.33 $ARB
ARB Utilized as Incentives in the Last Two Weeks: 33,333.33 $ARB
Contracts incentivized over the last 2 weeks:
- $ARB Call - Bi-weekly: 0x0833EC3262Dcc417D88f85Ed5E1EBAf768080f41
- $ARB Put - Bi-weekly: 0xf94ea5B18401821BE07FBfF535B8211B061A7F70
- $ETH Call - Weekly: 0x1D1CD4abe0F2AF9d79b5e3149BF4A503f97C1EAd
- $ETH Put - Weekly: 0x633A789BeD82215b1cEE45C32aCD0D6Ca8b9Bfbf
- ARB-C Lending Market: 0xB1D961701be27d26A2E4FA13cb0c4FA7C47DD615
- ETH-C Lending Market: 0xF9a82c9Dd095076FCdc7507D6cf920EEfFa93BA2
- USDC Lending Market: 0xeb9a387494922d5Ec20631c19D51c39C45AC8643
- ARB-C Add Liquidity Module: 0x721Bba1556649e9c70E2dF1EAFC04270376025f7
- ARB-P Add Liquidity Module: 0x85ceD6055f0eC21dE0e4216177115cbc6a930ACa
- ETH-C Add Liquidity Module: 0x078F98Be8A1bb1bD64799B8F05Aca08f5850A69D
- ETH-P Add Liquidity Module: 0xE84CB9daF67644734051c7f6e978968f04F6751e
- PT Ethena USDe 29AUG2024 0x0a063C9fDe249C3036415919194194961951Db38
- PT rsETH 26SEP2024 0x0b6ef11254edcab4b164daa7e626dc0d0c2ad51f
- PT Renzo ezETH 26SEP2024 0x3f9ca12e7d4867e45b289484a3f33bba2a1b8723
- PT weETH 26SEP2024 0xf5d0866646df182fb9bc7fb27b26b84f96b2239d
- PT Bedrock uniETH 26DEC2024 0x3D3a1CAA95D427b9fF63b93cB90e1a470eeBA5D7
Contract address label [Form 18] (ARB STIP Transparency) completed for all addresses: Yes
ARB claimed: 133,333.32 $ARB claimed
ARB left over: 66,666.68 $ARB to claim
Plan for leftover ARB:
We began our STIP Bridge Program on 20th June 2024 and will be distributing our rewards on a bi-weekly basis over 12 weeks. We expect to end on 12 September 2024 – in line with Arbitrum Foundation’s guidance on when the $ARB incentives should be distributed by.
Summary of incentives:
We intend to distribute Arbitrum STIP Bridge over a 12-week period.
In order to create sticky liquidity between Arbitrum STIP and Arbitrum STIP Bridge, Thetanuts Finance also promised that 25% of $ARB rewards from Arbitrum STIP Bridge would go to users who retained their liquidity in Thetanuts Finance during the interim period. This 50,000 $ARB will be distributed over the 12-week period to eligible users.
The remaining 150,000 $ARB will be distributed to liquidity providers on Thetanuts Finance over a 12-week period, according to the below breakdown. Note that these weights are subject to change by the Thetanuts Finance team depending on market conditions.
- Users using Pendle PT Strategy Vaults: 65%
- Users on Add Liquidity Module: 20%
- Users with Long Positions: 5%
- Users with Boosted Short Positions: 10%
$ARB rewards will be available for claim on a bi-weekly basis on Mondays, on our Incentives page.
Weights are subject to change at the discretion of Thetanuts Finance.
Additional Info / Disclosures to Multisig: n.a.
Stats
7D Average daily TVL: ~$9.1mm
7D Average daily transactions: 29
7D Average daily trading volume: $97
Number of unique user addresses (Since Inception): 284,106
7D Avg Transaction fees: $0
Link to Dashboard showing metrics: https://dune.com/thetanutsfinance/thetanuts-finance-v3
https://dune.com/thetanutsfinance/thetanuts-finance-arbitrum-stip-reporting