WOOFi Bi-Weekly Update - Feb 14th, 2024

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 142,858

ARB Utilized as Incentives in the Last Two Weeks: 138,808.44 ARB

Contracts incentivized over the last 2 weeks:

Contract address Name Rewards
0x2CFa72E7f58dc82B990529450Ffa83791db7d8e2 WOOFi Stake 29,473.6 ARB
0xba452bCc4BC52AF2fe1190e7e1dBE267ad1C2d08 ETH Supercharger vault 7,368.4 ARB
0x5a6B073E090388C909b9F3bf9D9323be908cAD62 USDC.e Supercharger vault 7,368.4 ARB
0x7f3F2A499c00c2D7018300F99A232896fD295Bb1 ARB Supercharger vault 7,368.4 ARB
0xd2fdaB19b94B59C5F0E75Dd9813365Df815b56B1 WBTC Supercharger vault 7,368.4 ARB
0x9aEd3A8896A85FE9a8CAc52C9B402D092B629a30 0xeFF23B4bE1091b53205E35f3AfCD9C7182bf3062 Router contract Swap contract 23,076 ARB
0xCa10E8825FA9F1dB0651Cd48A9097997DBf7615d Cross-chain swap contract 26,017.24 ARB
0x816f722424b49cf1275cc86da9840fbd5a6167e9 WOOFi Pro asset vault 30,768 ARB

Contract address label Form 16 completed for all addresses: Yes

ARB left over: 4,049.56 ARB

Plan for leftover ARB:

This ARB will be carried forward and used to refund the fees of WOOFi users in future weeks if we see an uptick in Arbitrum-inbound cross-chain swaps.

Summary of incentives:

  • 29,473.6 ARB tokens have been streamed to addresses staking the WOO token according to the size of their stake and multiplier points
  • 29,473.6 ARB tokens have been streamed evenly between WOOFi’s ARB, ETH, USC.e, and WBTC vaults on Arbitrum
  • 23,076 ARB has been used to lower fees for WOOFi swaps on Arbitrum
  • 26,017.24 ARB has been used to lower fees for cross-chain swaps into Arbitrum and incentivize users to swap into RDNT and JONES in WOOFi’s cross-chain carousel
  • 30,768 ARB has been used to incentivize traders to deposit onto WOOFi Pro via Arbitrum and trade

Additional Info / Disclosures to Multisig: N/A

STATS

Average 7D Arbitrum TVL: $14.015M

Average 7D daily transactions (swaps and cross-chain swaps): 16,630

Average 7D daily volumes: $18.3M

Average 7D daily unique user addresses: 12,763

Average 7D daily transaction fees: $4,389

Link to Dashboard showing metrics: https://dune.com/woofianalytics/woofi-arb-stip-stats

Plan For the Next Two Weeks

Amount of ARB to be distributed: 138,808.44

Contracts that will be incentivized:

Contract address Name Rewards
0x2CFa72E7f58dc82B990529450Ffa83791db7d8e2 WOOFi Stake 29,473.6 ARB
0xba452bCc4BC52AF2fe1190e7e1dBE267ad1C2d08 ETH Supercharger vault 7,368.4 ARB
0x5a6B073E090388C909b9F3bf9D9323be908cAD62 USDC.e Supercharger vault 7,368.4 ARB
0x7f3F2A499c00c2D7018300F99A232896fD295Bb1 ARB Supercharger vault 7,368.4 ARB
0xd2fdaB19b94B59C5F0E75Dd9813365Df815b56B1 WBTC Supercharger vault 7,368.4 ARB
0x9aEd3A8896A85FE9a8CAc52C9B402D092B629a30 0xeFF23B4bE1091b53205E35f3AfCD9C7182bf3062 Router contract Swap contract 23,076 ARB
0xCa10E8825FA9F1dB0651Cd48A9097997DBf7615d Cross-chain swap contract 26,017.24 ARB
0x816f722424b49cf1275cc86da9840fbd5a6167e9 WOOFi Pro asset vault 30,768 ARB

Contract address label Form 16 completed for all addresses: Yes

Mechanism for distribution incentives:

  • WOOFi Stake and Earn incentives will be streamed to users block by block
  • Swap, cross-chain swap, and WOOFi Pro incentives will be available for claiming via WOOFi - Smart liquidity, max efficiency

Summary of incentives plan:

  • WOOFi Stake and Earn rewards will continue to stream to addresses that are staking the WOO token and/or earning yield in WOOFi’s Arbitrum vaults
  • Users swapping on Arbitrum with WOOFi will earn ARB
  • Users cross-chain swapping into Arbitrum with WOOFi will earn ARB
  • Users cross-chain swapping any asset from any chain into $10 or more GNS and PREMIA on Arbitrum as part of WOOFi’s cross-chain carousel will earn ARB
  • Users depositing onto and trading on WOOFi Pro will earn ARB

For more detailed information, check out our blog post.

Summary of changes to the original plan:

None