Timeswap Bi-Weekly Update December 29, 2023
Recap of the Previous Two Weeks
ARB Received Last Disbursement: 0 ARB (have not claimed since latest report)
ARB Utilized as Incentives in the Last 2 Weeks:
- Total: 25,583.98 ARB
- Distribution as per the table below
Contracts incentivized over the last two weeks:
- 100% (25,583.98 ARB) - Timeswap Dec 27 Merkle distributor contract: 0x2E7B62e00363Ddc8536af27bd2088e83f3BB49DF
Contract address label Form 5 completed for all addresses: Yes
ARB left over: 132,876.02 ARB
Plan for leftover ARB:
- We will continue following the high-level distribution as outlined in our initial STIP proposal.
Summary of incentives: Timeswap has been allocated a total of 200,000 ARB, all to be redistributed to users through interacting with the incentivised pools. The overall distribution of ARB rewards is as follows:
- 40% of the grant allocated as incentives to ARB markets
- 30% of the grant allocated as incentives to ETH (or ETH LST) markets
- 30% of the grant allocated as incentives to other markets such as Pendle, Trader Joe, GMX, Plutus, etc. (will not be utilized to incentivize TIME token pools, if any)
Additional Info / Disclosures to Multisig: N/A
STATS
Figures from December 15, 2023 to December 28, 2023.
Average daily TVL: $6,308,319
Average daily transactions: 250 transactions (Lend: 200; Borrow: 50)
Average daily volumes: $601,100 (Lend: $340,300; Borrow: $260,800)
Number of unique user addresses: 1,802 unique users
Transaction fees: N/A (under development)
Link to Dashboard showing metrics: https://analytics.timeswap.io/
Plan For the Next Two Weeks
Amount of ARB to be distributed: There is not a fixed amount as we are pending confirmations from our partners. The exact amount distributed within the next two weeks is to be shared in the next bi-weekly report.
Contracts that will be incentivized: To be shared in the next bi-weekly report.
Contract address label Form 5 completed for all addresses: To be completed by the next bi-weekly report.
Mechanism for distribution incentives: Similarly to our current distribution, we’ll use a Merkle distributor to distribute the ARB rewards to users.
Summary of incentives plan: The overall distribution of ARB rewards will remain as per the original plan, as follows:
- 40% of the grant allocated as incentives to ARB markets
- 30% of the grant allocated as incentives to ETH (or ETH LST) markets
- 30% of the grant allocated as incentives to other markets such as Pendle, Trader Joe, GMX, Plutus, etc. (will not be utilized to incentivize TIME token pools, if any)
Bi-weekly summary to be shared in the next bi-weekly report…
Summary of changes to the original plan: More details to be shared in the next bi-weekly report, or have been shared in the previous reports.