Recap of the Previous Week
The fourth scheduled distribution of 62,500 ARB tokens occurred on August 5th, 2024, followed by the sixth distribution of 62,500 ARB on August 12th, 2024.
ARB Received Last Disbursement: 83,334 ARB was claimed on August 2nd in the latest disbursement. We have claimed a total of 333,336 ARB from the total 500,000 ARB allotted.
ARB Utilized as Incentives in the last week [will be distributed along with the next periods rewards]:
Contract address labels:
GP3 Rewarder: 0xD6cc89E02fD0D552BeD774563F394bCf44c14646
ARB left over: 20,836 ARB
Plan for leftover ARB: Any extra ARB will be returned to the DAO treasury at the end of the program.
Summary of incentives: 500k total ARB across 8 weeks to be distributed to:
- 480k ARB - Grand Prix Season 3 Trading Rewards
- 20k ARB - Lucky Ticket Raffle, derived from earning streaks (loyalty)
Additional Info / Disclosures to Multisig: N/a
STATS
Average daily TVL: $5.83M
Average daily volumes: $13.67M
Average daily trades: 1,420
Number of unique user addresses: 75
Avg Daily Transaction fees (7d MA): $6,925
Plan For the Next Two Weeks
Amount of ARB to be distributed: 62,500
Contracts that will be incentivized:
0xD6cc89E02fD0D552BeD774563F394bCf44c14646
Contract address label for all addresses:
GP3 Rewarder: 0xD6cc89E02fD0D552BeD774563F394bCf44c14646
Mechanism for distribution incentives:
Users can earn credits through valuable in app actions, such as producing trade volume, earning PnL, and completing Missions in order to achieve higher leaderboard status. Each rank is provided with a more and more valuable reward.
Additionally, traders can earn Lucky Tickets, which each provide an opportunity to receive rewards in a variety of assets, including up to 2,500 ARB per weekly raffle.