# Thetanuts Finance Bi-Weekly Update (12 August 2024)

**URL:** <https://forum.arbitrum.foundation/t/thetanuts-finance-bi-weekly-update-12-august-2024/26333>\
**Category:** Biweekly Updates (STIP)\
**Created:** [August 13, 2024, 12:30am UTC](https://forum.arbitrum.foundation/t/thetanuts-finance-bi-weekly-update-12-august-2024/26333 "2024-08-13T00:30:23Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Thetanuts\_Finance](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/thetanuts_finance/32/5849_2.png) [@Thetanuts\_Finance](https://forum.arbitrum.foundation/u/Thetanuts_Finance)\
**Post date:** [August 13, 2024, 12:30am UTC](https://forum.arbitrum.foundation/t/thetanuts-finance-bi-weekly-update-12-august-2024/26333/1 "2024-08-13T00:30:23Z")

</div>

![image](https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/a/a41f173fd97755fdb313c2b530d485ee7d8d431b.jpeg)

## 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](https://dune.com/queries/3330896/5580167).

**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** :

1. $ARB Call - Bi-weekly: 0x0833EC3262Dcc417D88f85Ed5E1EBAf768080f41
2. $ARB Put - Bi-weekly: 0xf94ea5B18401821BE07FBfF535B8211B061A7F70
3. $ETH Call - Weekly: 0x1D1CD4abe0F2AF9d79b5e3149BF4A503f97C1EAd
4. $ETH Put - Weekly: 0x633A789BeD82215b1cEE45C32aCD0D6Ca8b9Bfbf
5. ARB-C Lending Market: 0xB1D961701be27d26A2E4FA13cb0c4FA7C47DD615
6. ETH-C Lending Market: 0xF9a82c9Dd095076FCdc7507D6cf920EEfFa93BA2
7. USDC Lending Market: 0xeb9a387494922d5Ec20631c19D51c39C45AC8643
8. ARB-C Add Liquidity Module: 0x721Bba1556649e9c70E2dF1EAFC04270376025f7
9. ARB-P Add Liquidity Module: 0x85ceD6055f0eC21dE0e4216177115cbc6a930ACa
10. ETH-C Add Liquidity Module: 0x078F98Be8A1bb1bD64799B8F05Aca08f5850A69D
11. ETH-P Add Liquidity Module: 0xE84CB9daF67644734051c7f6e978968f04F6751e
12. PT Ethena USDe 29AUG2024 0x0a063C9fDe249C3036415919194194961951Db38
13. PT rsETH 26SEP2024 0x0b6ef11254edcab4b164daa7e626dc0d0c2ad51f
14. PT Renzo ezETH 26SEP2024 0x3f9ca12e7d4867e45b289484a3f33bba2a1b8723
15. PT weETH 26SEP2024 0xf5d0866646df182fb9bc7fb27b26b84f96b2239d
16. PT Bedrock uniETH 26DEC2024 0x3D3a1CAA95D427b9fF63b93cB90e1a470eeBA5D7

**Contract address label [Form 18] ([ARB STIP Transparency](https://docs.google.com/forms/d/e/1FAIpQLSd2AYnjAaQjVOLtvemZpsWoN5sTJEJ8dLqdRDExTBQv_SUeug/viewform)) 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-v3)[https://dune.com/thetanutsfinance/thetanuts-finance-arbitrum-stip-reporting](https://dune.com/thetanutsfinance/thetanuts-finance-arbitrum-stip-reporting)