Recap of the Previous Two Weeks
Usage of WOOFi’s incentivized Arbitrum vaults continues to rocket, with Arbitrum vaults now accounting for 52% of WOOFi’s entire TVL ($26.7M). Incentivized WOO staking has also proven extremely popular with the total WOO staked on WOOFi now sitting at an all-time high of 208.7M.
Since our last update, we have also begun issuing incentives for Arbitrum simple swaps, Arbitrum-inbound cross-chain swaps, and WOOFi Pro (our newly launched perps platform). These areas have already observed tremendous growth, especially WOOFi Pro which has seen 3,566 unique traders visit the platform in the past 7 days, leading to a new 24-hour volume record of $13.633M.
ARB Received Last Disbursement: 142,858
ARB Utilized as Incentives in the Last Two Weeks: 134,555.7 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 | 21,764.5 ARB |
| 0x816f722424b49cf1275cc86da9840fbd5a6167e9 | WOOFi Pro asset vault | 30,768 ARB |
Contract address label Form 16 completed for all addresses: Yes
ARB left over: 8,302.9
Plan for leftover ARB:
11,262 WOOFi users ran up a combined bill of $19,279 in fees from cross-chain swaps into Arbitrum over the past 2 weeks. Every user was given a full refund using 10,264 ARB, and we still had 1,252 ARB left over. This ARB will be carried forward and used to refund WOOFi users in the future if we see a significant increase in the number of 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 tokens have been used to lower fees for WOOFi swaps on Arbitrum
- 21,764.5 ARB have been used to lower fees for cross-chain swaps into Arbitrum and incentivize users to swap into JOE and GMX as part of WOOFi’s cross-chain carousel
- 30,768 ARB have 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: $12.074M
Average 7D daily transactions: 6,350
Average 7D daily volumes: $21.7M
Average 7D daily unique user addresses: 3,690
Average 7D daily transaction fees: $5,098
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: 134,555.7 ARB
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 | 21,764.5 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 JONES and GNS 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:
No changes were made!