Trader Joe STIP Program Update #10 (Mar. 22, 2024)

[traderjoe]

Overview

Trader Joe is entering the final week of the STIP grant and will be distributing the remaining $ARB tokens via its Auto-Pool Farms.

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ARB Received Last Disbursement: 1,510,000

Amount of ARB to be distributed: ~19,000

Contracts incentivized over the last 2 weeks:

Pair Name	Rewards	Reward/day	Pool Address	pair_address	Reward address
USDV-USDC	1,125	80.36	LFJ | Crypto Trading Platform Built for Winners	Address: 0x53ECccCA...B411ad258 | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
ARB-USDC (20 bps)	13,000	928.57	LFJ | Crypto Trading Platform Built for Winners	Address: 0xF8a60082...f24a358a4 | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
ETH-USDT	5,000	357.14	LFJ | Crypto Trading Platform Built for Winners	Address: 0xd387c40a...2Ce6038a5 | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
ETH-USDC.e	5,000	357.14	LFJ | Crypto Trading Platform Built for Winners	Address: 0x94d53BE5...a772a6f7C | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
MAGIC - ETH	5,000	357.14	LFJ | Crypto Trading Platform Built for Winners	Address: 0xE847C55a...eC25089c1 | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
PENDLE - ETH	5,000	357.14	LFJ | Crypto Trading Platform Built for Winners	Address: 0xe2b32e6D...aDaF9c9D1 | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
WBNB - ETH	2,500	178.57	LFJ | Crypto Trading Platform Built for Winners	Address: 0x9c27d9cE...B8549eCAe | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
ETH - USDC (AP)	20,000	1,428.57	LFJ | Crypto Trading Platform Built for Winners	Address: 0x5fb31318...5f4dff2f1 | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
WBTC - ETH (AP)	3,500	250.00	LFJ | Crypto Trading Platform Built for Winners	Address: 0xea9f1ab0...f2945f0da | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
ARB - ETH (AP)	25,000	1,785.71	LFJ | Crypto Trading Platform Built for Winners	Address: 0xa37ef010...aed196e05 | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
JOE - ETH (AP)	8,000	571.43	LFJ | Crypto Trading Platform Built for Winners	Address: 0x4b9bfeD1...31FfBA74a | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One

Contract address label Form 2 3 completed for all addresses: YES

Summary of incentives:

Full Phase Overview: https://x.com/TraderJoe_xyz/status/1720529281774653615?s=20 2

Full Program Overview: https://x.com/TraderJoe_xyz/status/1720101440855945700?s=20 1

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STATS

Record daily highs for fee generation, volume and local highs for daily active users

Average 14D TVL: $44.2m (-12% 14d)

Average 14D daily volumes: $65.2m (+6% 14d)

Average 14D unique user addresses: 6.7k (-41.8% 14d)

14D Avg Daily Transaction fees: $66.4k (+1.1% 14d)

Link to our full reporting dashboard:

STIP KPI Dashboard | Trader Joe | Flipside 7 1

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Plan For the Next Two Weeks

Amount of ARB to be distributed: 19,000 ARB

Contract address label Form 2 3 completed for all addresses: YES

Mechanism for distribution incentives:

Pair Name	Rewards	Reward/day	Pool Address	pair_address	Reward address
ETH - USDC (AP)	8,000	1,142.86	LFJ | Crypto Trading Platform Built for Winners	Address: 0x5fb31318...5f4dff2f1 | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
WBTC - ETH (AP)	1,000	142.86	LFJ | Crypto Trading Platform Built for Winners	Address: 0xea9f1ab0...f2945f0da | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
ARB - ETH (AP)	10,000	1,428.57	LFJ | Crypto Trading Platform Built for Winners	Address: 0xa37ef010...aed196e05 | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One
JOE - ETH (AP)	0	0.00	LFJ | Crypto Trading Platform Built for Winners	Address: 0x4b9bfeD1...31FfBA74a | Arbitrum One	Arbitrum (ARB) | ERC-20 | Address: 0x912ce591...0e49e6548 | Arbitrum One

Auto-Pool Yield Farms distribute the planned incentives in a linear fashion and can be collected at any time by all participants in an Auto-Pool Yield Farm. Rewards are shared proportionately to all users in the Auto-Pool Yield Farm.

Summary of incentives plan:

The below ARB being utilized will be distributed over the dates 23rd of March to the 29th of March

• Auto-Pool Yield Farms 19k $ARB

Access to all previous STIP updates:

Trader Joe STIP Program Update #1 (Nov. 17, 2023)

[1500x500] Overview Since initiating ARB incentives, Trader Joe has witnessed significant growth, as indicated by several key metrics such as Total Value Locked (TVL), trading volume, and fees accrued to Liquidity Providers (LPs). These metrics have reached new heights or maintained consistent strength well above previous averages. Further, there is a growing interest from builders in deploying new protocols and/or tokens on Arbitrum which is a testament to this program and Trader Joe’s posi…

Trader Joe STIP Program Update #2 (Dec. 01, 2023)

ARB DAO STIP REPORTING [1500x500] Overview As we mark the four-week milestone of Trader Joe’s incentivization plan, we have observed some KPIs flat over the 14d comparison period. This trend follows the initial surge of ecosystem activity experienced at the outset of November. KPIs measured over a 30-day period distinctly highlights the impact and success of the STIP for Trader Joe. ARB Received Last Disbursement: 647,145 ARB Utilized as Incentives in the Last Two Weeks: 257,500 Contract…

Trader Joe STIP Program Update #3 (Dec. 15, 2023)

ARB DAO STIP REPORTING [IMG_1561] Overview Trader Joe has successfully reached the six-week mark in distributing ARB incentives, aligning with the midpoint of ‘Phase 2’ in our outlined plan. Recently, the DEX has continued to see strong volume, fee generation along with a steady and consistently increasing number of daily active users. TVL has seen a slight decrease, observed over a 14-day period. This is attributed partly to reduced ARB incentives during this recent timeframe and possibly t…

Trader Joe STIP Program Update #4 (Dec. 29, 2023)

ARB DAO STIP REPORTING [Arbitrum t joe at space] Overview As Phase 2 of our ARB Incentives plan concludes, Trader Joe is transitioning into the third phase. During the festive season, we achieved record-breaking daily trading volumes and fee generation, largely driven by increased activity around the ARB token. While these achievements have positively impacted our high-level DEX metrics, it’s important to note that the TVL (Total Value Locked) in ARB reward pools did not experience similar g…

Trader Joe STIP Program Update #5 (Jan. 12, 2024)

[image] Overview The DEX has continued to see significant uplift in Volume, Fee generation and also Daily Active Users. This is primarily driven from continued ARB token trading activity in the ecosystem and as such, Trader Joe will take action, highlighted in the changes section of this report, to help facilitate this increased trading demand for the ARB token. Additionally, this part of the grant program for Trader Joe takes a first review at Phase 2 market performance. The grant program ai…

https://forum.arbitrum.foundation/t/trader-joe-stip-program-update-6-jan-26-2024/20877

https://forum.arbitrum.foundation/t/trader-joe-stip-program-update-7-feb-9-2024/21162

https://forum.arbitrum.foundation/t/trader-joe-stip-program-update-8-feb-23-2024/21384

https://forum.arbitrum.foundation/t/trader-joe-stip-program-update-9-mar-8-2024/22721