Recap of the Previous Week
The fifth scheduled distribution of 62,500 ARB tokens occurred on August 19th, 2024, followed by the seventh distribution of 62,500 ARB on August 26th, 2024.
ARB Received Last Disbursement: 83,334 ARB was claimed on August 19th and the final balance was claimed on August 26th, 2024. We have claimed a total of 500,000 ARB.
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: 62,500ARB
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: $4.60M
Average daily volumes: $7.02M
Average daily trades: 924
Number of unique user addresses: 139
Avg Daily Transaction fees (7d MA): $3,831
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.