Recap of the Previous Two Weeks
TVL
Thetanuts Finance is now in its eleventh week of distributing $ARB rewards as part of the Arbitrum STIP Bridge programme. Thetanuts Finance’s TVL on Arbitrum has stabilized at ~$9.3mm.
Our Dune query for our metrics on Arbitrum can be found here.
Thetanuts Finance x Pendle for Arbitrum STIP Bridge
Initially, under Pendle’s Phase IV of the Arbitrum STIP, Thetanuts Finance would receive an allocation of 12,000 $ARB - to be distributed between our Pendle PT Strategy Vaults over three weeks from Aug 22 to Sep 12.
However, Pendle has extended the distribution rewards by one week and will now end on Sep 19; it will also include an additional $ARB allocation of 3,000. To better align with the new distribution structure, we are also extending our final distribution by one week. Users will have the opportunity to earn 33,333 $ARB over three weeks (Aug 30 - Sep 19) instead of the usual two.
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: 200,000 $ARB claimed
ARB left over: 0 $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 expected to end on 12 September 2024 – in line with Arbitrum Foundation’s guidance on when the $ARB incentives should be distributed by.
However, with the new distribution structure from Pendle, we have decided to extend the final distribution by one week to better align both protocols. We now expect to end on 19 September 2024.
Summary of incentives:
We intend to distribute Arbitrum STIP Bridge over a 13-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 13-week period to eligible users.
The remaining 150,000 $ARB will be distributed to liquidity providers on Thetanuts Finance over a 13-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: ~$9.3mm
7D Average daily transactions: 10
7D Average daily trading volume: $84
Number of unique user addresses (Since Inception): 284,985
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