Timeswap STIP Program Updates [Dec 1, 2023)

DAO Programs & Initiatives Biweekly Updates (STIP)
1

Recap of the Previous Weeks

ARB Received Last Disbursement: 28,572 ARB

ARB Utilized as Incentives in the Last Weeks:

  • Total: 11,331 ARB
  • 100% (11,331 ARB) - ARB/USDC pool (December 22, 2023 maturity)

Contracts incentivized over the last weeks:

  • 70% (7,934.04 ARB) - ARB/USDC pool (December 22, 2023 maturity) lend Merkle contract: 0x4DC25EAb2552a848268E1b6eA0AD4Bc3d6046aC9
  • 30% (3,397.34 ARB) - ARB/USDC pool (December 22, 2023 maturity) borrow Merkle contract: 0xb4037D7835AB202Daa4F9318972b8a4C8Dcffca1

Contract address label Form 5 completed for all addresses: Yes

ARB left over: 171,428 ARB

Plan for leftover ARB:

  • 20,000 ARB has been earmarked / allocated to the ARB/USDC pool (December 22, 2023 maturity)
  • We will continue following the plan 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)

Bi-weekly summary:

  • As of December 1, 2023, 5.65% (11,331 ARB) has been distributed to the ARB/USDC pool (December 22, 2023 maturity)

Additional Info / Disclosures to Multisig: N/A

STATS

Figures from November 8, 2023 to November 30, 2023.

Average daily TVL: $5,988,942

Untitled
Untitled779×377 26.7 KB

Average daily transactions: 169 transactions (Lend: 130; Borrow: 39)

lend
lend780×387 18.9 KB

borrow
borrow776×384 17.9 KB

Average daily volumes: $422,864 (Lend: $281,992; Borrow: $140,872)

lend volume
lend volume771×380 22.6 KB

borrow volume
borrow volume774×377 22 KB

Number of unique user addresses: 1,662 users

unique actives
unique actives776×379 18.8 KB

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: No changes from the original plan

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