Recap of the Previous Two Weeks
In December 2023, Thetanuts Finance saw the launch of its v3 Upgrade – entailing a major architecture revamp and brand new Trading Interface, where users could go long or short on on-chain options. While Thetanuts Finance is a multi-chain protocol, Arbitrum network is the only instance where Thetanuts Finance v3 is integrated.
Thetanuts Finance began distributing $ARB rewards from Arbitrum STIP on January 29, where 200,000 $ARB was distributed equally over 8 weeks. Arbitrum STIP rewards will end on March 29.
Below, we recap on the growth of our metrics on Arbitrum at each key milestone. These metrics can also be verified on our Dune dashboard.
| Date | TVL($) | Lifetime Trading Volume on Arbitrum ($) |
|---|---|---|
| v3 Upgrade Launch (13 Dec 2023) | Total: $10.5mm, Arbitrum: $75k | - |
| Start of ARB STIP (29 Jan 2024) | Total: $11.3mm, Arbitrum: $1.6mm | $5.6mm |
| End of ARB STIP(29 Mar 2024) | Total: $32.7mm, Arbitrum: $7.8mm | $32.7mm |
Based on the exponential growth across all of our core metrics, we believe that the Thetanuts Finance v3 deployment on Arbitrum has been largely successful – largely empowered by $ARB rewards that we were able to distribute from Arbitrum STIP.
Roadmap on Arbitrum
With Arbitrum DAO’s “Double Down on STIP Successes” (“Arbitrum STIP Bridge”) proposal likely to be successful, Thetanuts Finance expects to be eligible for an additional 200,000 $ARB – which will be fully used to further incentivize users on Arbitrum.
Thetanuts Finance recently launched a Leveraged LRT Strategy Vault – which uses Pendle + EtherFi’s $PT-eETH, allowing them to generate further yields from option premiums. While these products will first be on Ethereum Mainnet, we intend to integrate them onto Arbitrum shortly – and to incentivize them using Arbitrum STIP Bridge rewards.
The roadmap for the Leveraged LRT Strategy Vault includes asset coverage of other leading LRTs on Pendle – including $pufETH, $ezETH, $rsETH, and $swETH. We also intend to integrate other ETH-related assets on Pendle such as Ethena’s $USDe.
Prior Governance Submissions to Arbitrum DAO
Our previous governance submissions to Arbitrum DAO for Arbitrum STIP can be found below.
| Submission | Link |
|---|---|
| Thetanuts Finance Arbitrum STIP Proposal | [Thetanuts Finance] [FINAL] [STIP - Round 1] |
| ARB STIP: 5 Jan Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (5 January 2024) |
| ARB STIP: 19 Jan Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (19 January 2024) |
| ARB STIP: 2 Feb Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (2 February 2024) |
| ARB STIP: 16 Feb Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (16 February 2024) |
| ARB STIP: 1 Mar Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (1 March 2024) |
| ARB STIP: 15 Mar Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (15 March 2024) |
Plan For the Next Two Weeks
ARB Received Last Disbursement: Completed (Total 200,000 $ARB)
ARB Utilized as Incentives in the Last Two Weeks: n.a
Contracts incentivized over the course of distribution:
- $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
Stats
7D Average daily TVL: $7,822,415
7D Average daily transactions: 1,120
7D Average daily trading volume: $160,595
Number of unique user addresses (Since Inception): 49,933
7D Avg Transaction fees: $48
Link to Dashboard showing metrics:
https://dune.com/thetanutsfinance/thetanuts-finance-v3
https://dune.com/thetanutsfinance/thetanuts-finance-arbitrum-stip-reporting
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