Recap of the Previous Week
Protocol incentives started on 6/24. This update reflects incentives from 7/15 - 7/29.
ARB Received Last Disbursement: 250,000 ARB
ARB Utilized as Incentives in the last week [this is still being pulled manually while a dashboard is created, will be updated with final figures ASAP]:
- Vertex Trading Incentives: 199,262.51
- Elixir Liquidity Incentives: 25,000
- SkateFi Liquidity Incentives: 2,249.28
- Total: 226,511.79
Contracts incentivized over the last 2 weeks:
0x75A99528b5FC4D328473032c9f390db7C8BabdF1
0x1bdb4c119225abaca0bfe12610789902851221ab
0x849Dd9D48337D1884C3bE140ba27CBe63B81d7be
Contract address labels:
0x1bdb4c119225abaca0bfe12610789902851221ab - Elixir
0x75A99528b5FC4D328473032c9f390db7C8BabdF1 - Vertex
0x849Dd9D48337D1884C3bE140ba27CBe63B81d7be - SkateFi
ARB left over: 23,488.21.
Plan for leftover ARB: Any left over ARB will be returned to the DAO treasury at the end of the program.
Summary of incentives: 1.5m total ARB across 12 weekly epochs to be distributed to:
- 1,200,000 ARB - Vertex Trading incentives
- 150,000 ARB - Elixir Liquidity Incentives
- 150,000 ARB - SkateFi Vault Incentives
Additional Info / Disclosures to Multisig: N/a
STATS
Average daily TVL: $94,942,016
Average daily volumes: $257,669,935
Average daily transactions: 138,079
Number of unique user addresses: 2,199
Transaction fees: $583,550
Plan For the Next Two Weeks
Amount of ARB to be distributed: 250,000
Contracts that will be incentivized:
0x75A99528b5FC4D328473032c9f390db7C8BabdF1
0x1bdb4c119225abaca0bfe12610789902851221ab
0x849Dd9D48337D1884C3bE140ba27CBe63B81d7be
Contract address label for all addresses:
0x1bdb4c119225abaca0bfe12610789902851221ab - Elixir
0x75A99528b5FC4D328473032c9f390db7C8BabdF1 - Vertex
0x849Dd9D48337D1884C3bE140ba27CBe63B81d7be - SkateFi
Mechanism for distribution incentives:
Taker Rewards: Trading expenditure on taker fees is measured over the course of a weekly epoch. Once each epoch is completed we will build a merkle tree and register the merkle tree with the contract so that users can claim their ARB tokens using the proof.
LP Rewards: Users can also earn ARB rewards by acting as an LP for Elixir’s Fusion Pools through orderbook pairs on Vertex or becoming an LP on the Vertex Liquidity Vault on SkateFi.
Summary of incentives plan:
Up to 100,000 ARB to be distributed per week to price takers on Vertex with maximum determined as 75% of trading fees. (calculated using ARB value at end of weekly epoch)
Up to 12,500 ARB to be distributed to LP on Elixir with maximum determined as a 15% APR on TVL (calculated using ARB value at end of weekly epoch)
Up to 12,500 ARB to be distributed to LP on SkateFi with maximum determined as a 15% APR on TVL (calculated using ARB value at the end of weekly epoch)