Recap of the Previous Two Weeks
TVL
Thetanuts Finance is now in its 7th week of distributing $ARB rewards as part of our Arbitrum STIP. On Arbitrum, we have grown our TVL from $7mm to $8mm since our last Arbitrum STIP Update.
On Ethereum Mainnet, we recently launched the new Thetanuts Finance Leveraged LRT Strategy Vault – which uses Pendle’s $PT-eETH asset, and allowing users to generate further yields from option premiums. This launch has brought Thetanuts Finance’s TVL across chains to ~$30mm, up from ~$20mm since our last Arbitrum STIP Update.
We intend to bring the Leveraged LRT Strategy Vaults to Arbitrum in a few weeks. With the Proposal to Double-Down on STIP Successes, these Leveraged LRT Strategy Vaults could also see further $ARB incentives allocated to them.
Our Dune query for user interactions on Arbitrum can be found here.
Plan For the Next Two Weeks
ARB Received Last Disbursement: 28,571 $ARB
ARB Utilized as Incentives in the Last Two Weeks: 57,142 $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
Contract address label [Form 18] (ARB STIP Transparency) completed for all addresses: Yes
ARB claimed: 200,000 $ARB claimed
ARB left over: 0 $ARB to claim
Plan for leftover ARB:
We intend to distribute the 200,000 $ARB equally over a period of 8 weeks. The first tranche was claimable on 5 February, with the final tranche to be distributed by the week of 29 March – in line with Arbitrum Foundation’s guidance on when the $ARB incentives should be distributed by.
Summary of incentives:
25,000 $ARB distributed on a weekly basis for 8 weeks, split between:
- Users on Add Liquidity Module: 85%
- Users with Long Positions: 10%
- Users with Short Positions and Boosted: 5%
Weights are subject to change at the discretion of Thetanuts Finance.
Additional Info / Disclosures to Multisig: n.a.
Stats
7D Average daily TVL: $7,965,473
7D Average daily transactions: 566
7D Average daily trading volume: $36,596
Number of unique user addresses (Since Inception): 47,662
7D Avg Transaction fees: $6
Link to Dashboard showing metrics:
https://dune.com/thetanutsfinance/thetanuts-finance-v3
https://dune.com/thetanutsfinance/thetanuts-finance-arbitrum-stip-reporting