[Trader Joe] Bi-Weekly Report

Introduction

Please note this is a light touch report as key dashboards and data are still being worked on for completion and reporting ready insights


Recap of the Previous Two Weeks

  • ARB Received Last Disbursement:
  • ARB Utilized as Incentives in the Last Two Weeks: 113,000
  • ARB left over: 641,000

Contracts incentivized over the last 2 weeks:

Contract address label Form 49 completed for all addresses: Yes

Plan for leftover ARB

Continue as per agreed

Summary of incentives

Distribution Form Total ARB % Split
Market Maker Incentives 655,000 91.98%
New To Arbitrum Builder Allocation (Market Maker Incentives) 50,000 7.02%
Growth/Marketing Campaign 50,000 7.02%
Total 755,000 100.00%

Additional Info / Disclosures to Multisig

The 50,000 allocated to the growth / marketing campaign has been sent to an EOA (Delegate wallet) to then distribute via Community incentives in the form of quest rewards.


STATS

  • Average daily TVL: $17.7m (+20.9% over a 14 day MA)
  • Average daily volumes: $37.4m (+108.2% over a 14 day MA)
  • Number of unique user addresses: 22.6k (+104.3% over a 14 day MA)
  • Transaction fees: $212k (+26.7% over a 14 day MA)

Link to Dashboard showing metrics


Plan For the Next Two Weeks

Amount of ARB to be distributed: 112,000

Contracts that will be incentivized: [Insert all contract addresses]

Mechanism for distribution incentives:

  • Concentrated Incentives (Liquidity Provider Rewards): 111,000 ARB
  • Galactica Campaign Quest via QuestN: 666 ARB
  • Community Promotion Event: 100 ARB

Summary of changes to the original plan: No changes

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Summary

Since the start of incentives, Total Value Locked (TVL) experienced an initial surge but has stabilized at just over $14 million over the past two weeks. These incentives are distributed through the new v2.2 version of Liquidity Book, which still requires integration with key DEX aggregators. Consequently, trading volume has not reached the anticipated levels, pending the full integration of these DEX aggregators.

Despite this, trading volume has shown a consistent increase since the launch of the incentives, with daily rolling averages now exceeding $30 million. However, fees generated have remained flat. The DEX landscape in Arbitrum faces significant and growing competition, due to aggressive pricing strategies throughout the ecosystem. Trader Joe, in particular, struggles to generate volume unless it matches the fees being set in competing trading venues.


Recap of the Previous Two Weeks

  • ARB Utilized as Incentives in the Last Two Weeks: 111,400
  • ARB left over: 529,000

Contracts incentivized over the last 2 weeks:

Pool Pool Address BaseRewarder
ETH-USDC_10 0xb7236b927e03542ac3be0a054f2bea8868af9508 0xe514FEDbd050f575048617F0c8219AAE386abAF8
ARB-ETH_10 0xC09F4ad33a164e29DF3c94719ffD5F7B5B057781 0x17A30137F30566a1F4c53216DCa027735cbcD261
WBTC-ETH_5 0xEcFe947bF3B6DBf5776ba6eb7Bf4D03d4AA7C5F9 0x4657E01319590cf1e7F6680873e235bB7041029c
ETH-USDT_10 0x055f2cF6da90F14598D35C1184ED535C908dE737 0x54A7b0ad7ed040C313c2a21376FD9EF16b33ebb0
WAVAX-ETH_10 0x6816b2A43374B5ad8d0FfBdfaa416144ff5aCa3A 0xBBC58A838553f5fc5B81aDDB94c92AFeDB7dCB7C
DAI-USDC_1 0xe27C3153EA4479F6BE5D3c909c8Dc4807c86FddA 0x532b0416Aa8Bb655f3a670111b309ba41ea9c6Be
PENDLE-ETH_25 0xcAE9ec1b7309b92EFEaD4061645d5a2D21b668A7 0xe129d485E23DB157c5c87fbD7B28546F4554A6CA
WOO-ETH_25 0x106930D587d70B8541E5Ab30a48648Bf106a9368 0x3D4D4610DAB8e48c01A977F67724cEA795925a86
USDV-USDC_1 0xE28b5df4C2da6145a3d9b8FF076231ABb534B103 0x239E812fF98b5589E07624F3530b6C015333A0FA
fUSDC-USDC_1 0xEA93f286e0AE2B0e279D6782103340bf472495B6 0xee58faDfa11e47b1C2A41FA9EfEA7da2551A4251
L2DAO-ETH_100 0x8e2027e852210b8aC064c131a0b15c50bDc11512 0xD81Aa8a8928D962dA46F793Dc14D0450E53DaA76
wstETH-ETH_5 0x71bc33F539f83b99674D71AcFeb2ce0373376512 0x1c9275a8778599Ada295D54f8B22Dc8577E18bf9
ezETH-ETH5 0x8C0635aD0AfD7aa9444AF07Da6C104DD79b58D82 0xEcf11e3d4fD330565Fd0A94f087087a6F727E68F
EMDX-USDC_50 0xE715d4dd0695A2f166Bd0f6301358a9ea0bDbc16 0xd859f0D77085d9b473cF7633ae383adC7148D115
USD±USDT_1 0xa8A502ACF4084B8D38362E9F620C689CB4D2EB89 0x5E5f7b145D4f95816caBe7f474fAd7C13E5E4BBF
USD±ETH_10 0x37570DB173beF23F6924beaE3CD960b41AB6AD74 0x92b096e2EFF221596E0856AEA12067690A29c82A
weETH-ETH_5 0x2088eb5e23f24458e241430ef155d4ec05bbc9e8 0xb55e5d339cce12793f34bcba53ff8846146c9baa
ZRO-USDC_25 0x28BddeA1021F505A06AaAa5C70D17B21D55231C5 0xCAc31dE9643DEc27313f362EEc82831931daB507

Contract address label Form 49 completed for all addresses: Yes

Plan for leftover ARB

Continue as per agreed program

Summary of incentives

Distribution Form Total ARB % Split
Market Maker Incentives 655,000 91.98%
New To Arbitrum Builder Allocation (Market Maker Incentives) 50,000 7.02%
Growth/Marketing Campaign 50,000 7.02%
Total 755,000 100.00%

Additional Info / Disclosures to Multisig

The 50,000 allocated to the growth / marketing campaign has been sent to an EOA (Delegate wallet) to then distribute via Community incentives in the form of quest rewards.


STATS

  • Average daily TVL: $14m (+4.7% over a 14 day MA)
  • Average daily volumes: $32.6m (-13% over a 14 day MA)
  • Number of unique user addresses: 10.1k (-46% over a 14 day MA)
  • Transaction fees: $183.9k (-14.6% over a 14 day MA)

Link to Dashboard showing metrics


Plan For the Next Two Weeks

Amount of ARB to be distributed: 107,900

Contracts that will be incentivized:

Pool Pool Address BaseRewarder
ETH-USDC_10 0xb7236b927e03542ac3be0a054f2bea8868af9508 0xe514FEDbd050f575048617F0c8219AAE386abAF8
ARB-ETH_10 0xC09F4ad33a164e29DF3c94719ffD5F7B5B057781 0x17A30137F30566a1F4c53216DCa027735cbcD261
WBTC-ETH_5 0xEcFe947bF3B6DBf5776ba6eb7Bf4D03d4AA7C5F9 0x4657E01319590cf1e7F6680873e235bB7041029c
ETH-USDT_10 0x055f2cF6da90F14598D35C1184ED535C908dE737 0x54A7b0ad7ed040C313c2a21376FD9EF16b33ebb0
WAVAX-ETH_10 0x6816b2A43374B5ad8d0FfBdfaa416144ff5aCa3A 0xBBC58A838553f5fc5B81aDDB94c92AFeDB7dCB7C
DAI-USDC_1 0xe27C3153EA4479F6BE5D3c909c8Dc4807c86FddA 0x532b0416Aa8Bb655f3a670111b309ba41ea9c6Be
PENDLE-ETH_25 0xcAE9ec1b7309b92EFEaD4061645d5a2D21b668A7 0xe129d485E23DB157c5c87fbD7B28546F4554A6CA
WOO-ETH_25 0x106930D587d70B8541E5Ab30a48648Bf106a9368 0x3D4D4610DAB8e48c01A977F67724cEA795925a86
USDV-USDC_1 0xE28b5df4C2da6145a3d9b8FF076231ABb534B103 0x239E812fF98b5589E07624F3530b6C015333A0FA
fUSDC-USDC_1 0xEA93f286e0AE2B0e279D6782103340bf472495B6 0xee58faDfa11e47b1C2A41FA9EfEA7da2551A4251
L2DAO-ETH_100 0x8e2027e852210b8aC064c131a0b15c50bDc11512 0xD81Aa8a8928D962dA46F793Dc14D0450E53DaA76
wstETH-ETH_5 0x71bc33F539f83b99674D71AcFeb2ce0373376512 0x1c9275a8778599Ada295D54f8B22Dc8577E18bf9
ezETH-ETH5 0x8C0635aD0AfD7aa9444AF07Da6C104DD79b58D82 0xEcf11e3d4fD330565Fd0A94f087087a6F727E68F
EMDX-USDC_50 0xE715d4dd0695A2f166Bd0f6301358a9ea0bDbc16 0xd859f0D77085d9b473cF7633ae383adC7148D115
USD±USDT_1 0xa8A502ACF4084B8D38362E9F620C689CB4D2EB89 0x5E5f7b145D4f95816caBe7f474fAd7C13E5E4BBF
USD±ETH_10 0x37570DB173beF23F6924beaE3CD960b41AB6AD74 0x92b096e2EFF221596E0856AEA12067690A29c82A
weETH-ETH_5 0x2088eb5e23f24458e241430ef155d4ec05bbc9e8 0xb55e5d339cce12793f34bcba53ff8846146c9baa
ZRO-USDC_25 0x28BddeA1021F505A06AaAa5C70D17B21D55231C5 0xCAc31dE9643DEc27313f362EEc82831931daB507

Mechanism for distribution incentives:

  • Concentrated Incentives (Liquidity Provider Rewards): 111,000 ARB
  • Galactica Campaign Quest via QuestN: 666 ARB
  • Community Promotion Event: 100 ARB

Summary of changes to the original plan: No changes