Recap of the Previous Two Weeks
WOOFi began issuing WOOFi Stake and Earn incentives on the 26th of December, and we have already observed very positive results. Total WOO staked on WOOFi has increased by 3.2M, the number of unique stakers has risen by 103, and Arbitrum TVL has grown by $3.5M.
ARB Received Last Disbursement: 142,858
ARB Utilized as Incentives in the Last Two Weeks: 37,894
Contracts incentivized over the last 2 weeks:
| Contract address | Name | Rewards |
|---|---|---|
| 0x2CFa72E7f58dc82B990529450Ffa83791db7d8e2 | WOOFi Stake | 29,473.7 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 |
Contract address label Form 16 completed for all addresses: Yes
ARB left over: 962,106 ARB
Plan for leftover ARB:
WOOFi Stake and Earn incentives (400,000 ARB in total) commenced December 26th and will continue to be streamed block by block until they are fully distributed by March 29th. The remaining 600,000 ARB incentives will be distributed via the following activities:
- Arbitrum swaps
- Cross-chain carousel
- WOOFi widget and quests
- Cross-chain swaps into Arbitrum
- Deposits and trading volume on WOOFi Pro
For more details, please consult our blog post.
Summary of incentives:
- 18,947 ARB tokens have been streamed to addresses staking the WOO token according to the size of their stake and multiplier points
- 18,947 ARB tokens have been streamed evenly between WOOFi’s ARB, ETH, USC.e, and WBTC vaults on Arbitrum
Additional Info / Disclosures to Multisig: N/A
STATS
Average 7D Arbitrum TVL: $7.1M
Average 7D daily transactions (swaps and cross-chain swaps): 7,603
Average 7D daily volumes: $13.2M
Average 7D unique user addresses: 5,480
Average 7D transaction fees: $3,680
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: 135,870.4
Contracts that will be incentivized:
| Contract address | Name | Rewards |
|---|---|---|
| 0x2CFa72E7f58dc82B990529450Ffa83791db7d8e2 | WOOFi Stake | 29,473.7 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 | 23,076.9 ARB |
| 0xCa10E8825FA9F1dB0651Cd48A9097997DBf7615d | Cross-chain swap contract | 23,076.9 ARB |
| 0x816f722424b49cf1275cc86da9840fbd5a6167e9 | WOOFi Pro asset vault | 30,769.3 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 a new button that has been added to 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 RDNT and GMX 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:
The amount of ARB allocated to each component of WOOFi has been tweaked. Here is a look at the original table:
Here is the finalized table:
