Recap of the Previous Two Weeks
ARB Received Last Disbursement: 0 ARB
ARB Utilized as Incentives in the Last 2 Weeks:
- Total: 10,584.47 ARB
- Distribution as per the table below
- Sheet is viewable in this link: [PUBLIC] Timeswap_ARB_STIP_Report - Google Sheets
Contracts incentivized over the last two weeks:
- **100% (**10,584.47 ARB) - Timeswap Mar 8 Merkle distributor contract: 0xD99D27beb8fb27049bd5bc6Dc73f29A1E1F3B6d9
Contract address label Form 5 completed for all addresses: Yes
ARB left over: 46,759.55 ARB
Plan for leftover ARB:
- We will be following the high-level distribution as outlined in our initial STIP proposal, with some minor changes to the bucket allocations (shifting a portion of partners allocations to ARB and ETH markets).
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 original 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)
There are some slight adjustments of the allocations, rerouting from the partner allocations to ARB and ETH markets, with these changes:
- 20,000 ARB from ‘other markets’ to ARB markets
Thereby giving the following final weightage:
- 50% of the grant allocated as incentives to ARB markets
- 30% of the grant allocated as incentives to ETH (or ETH LST) markets
- 20% 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 February 23, 2024 to March 8, 2024.
Average daily TVL: $12,326,150
Average daily transactions: 102 transactions (Lend: 62; Borrow: 40)
Average daily volumes: $603,808 (Lend: $439,114; Borrow: $164,694)
Number of unique user addresses: 193 unique users
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 updated plan (as per the bi-weekly report published on Feb 9), as follows:
- 50% of the grant allocated as incentives to ARB markets
- 30% of the grant allocated as incentives to ETH (or ETH LST) markets
- 20% 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:
- Extension of distribution to be in-line with the STIP’s extension, to no later than March 31, 2024
- Addition of support for LST markets (originally exclusively for ETH markets)
- Reallocation of ‘other markets’ allocation to ARB markets (20,000 ARB from the ‘other markets’ allocation to be rerouted to ARB markets)