Recap of the Previous Two Weeks
ARB Received Last Disbursement: 62,500
ARB Utilized as Incentives in the Last Two Weeks: 62,500
Contracts incentivized over the last 2 weeks:
$gmUSDC (WETH) Vault Token - 0x959f3807f0Aa7921E18c78B00B2819ba91E52FeF
$gmUSDC (WBTC) Vault Token - 0x5f851F67D24419982EcD7b7765deFD64fBb50a97
$gmWETH Vault Token - 0x4bCA8D73561aaEee2D3a584b9F4665310de1dD69
$gmWBTC Vault Token - 0xcd8011AaB161A75058eAb24e0965BAb0b918aF29
Contract address label Form 47 1 completed for all addresses:Yes
ARB left over: 0
Plan for leftover ARB: N/A
Summary of incentives: Out of the 375,000 ARB allocated, 312,500 have now been distributed to the MasterChef contract for emissions. So far, 188,213 ARB have been claimed by staked GM Vault positions. We are now ⅔ through our incentive program with just 4 more weeks remaining. Overall the incentives have been successful with TVL up 58% since the start of the program. This increase in TVL and vault performance has provided excellent fee generation days, taking advantage of the market’s volatility.
Our vaults continue to perform admirably through market volatility, with both Bitcoin vaults currently at all-time highs. The total USDC value locked in our vaults has surpassed $7 million, enabling us to match these deposits on the volatile asset side.
Our commitment remains focused on providing a scalable yield strategy that delivers top-tier returns. Thanks to the GMX GM Pools design, our vaults can scale to $100 million TVL without diluting yield. They continue to be a top performing yield strategy, offering a seamless USDC deposit experience for users looking for single sided yield.
Additional Info / Disclosures to Multisig: N/A
STATS (8/12 - 8/25)
Average daily TVL: $15,316,129
Average daily transactions: 37
Average daily volumes: $213,114
Number of unique user addresses: 855
Transaction fees: $19,817
Link to Dashboard showing metrics: https://dune.com/umamidao/stip-bridge
Plan For the Next Two Weeks
Amount of ARB to be distributed: 62,500
Contracts that will be incentivized:
$gmUSDC (WETH) Vault Token - 0x959f3807f0Aa7921E18c78B00B2819ba91E52FeF
$gmUSDC (WBTC) Vault Token - 0x5f851F67D24419982EcD7b7765deFD64fBb50a97
$gmWETH Vault Token - 0x4bCA8D73561aaEee2D3a584b9F4665310de1dD69
$gmWBTC Vault Token - 0xcd8011AaB161A75058eAb24e0965BAb0b918aF29
Contract address label Form 47 1 completed for all addresses: Yes
Mechanism for distribution incentives: MasterChef Contract: 0x52F6159dCAE4CE617A3d50aEb7fAB617526d9D8F
Summary of incentives plan: Our strategy to scale our USDC based GM Vaults have stayed the same. Rates can be adjusted if there is room for optimization. The launch of our ARB vault is coming soon so emission rates will be adjusted to accommodate the new vault. Emissions will be directed towards the ARB USDC vault so that demand for ARB deposits will scale.