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Akshay Sinha
@asinha.eth
We at Rivera recently concluded our first 2 weeks with ProxySwap LP staking. Some insights and data from our first epoch for ProxySwap LP staking: - 67% of the TVL we have in Proxy LPs are currently being staked for lucrative yield in the form of $DEGEN, $PROXY and $xRIV - Rivera vaults currently manage 25% of the TVL of ProxySwap on Degen - Around 100 unique wallets created their LP positions using Rivera; the total tx count increased by over 500 - 350+ tx on the staking contract, suggesting a rapid movement of funds from users in the hope of chasing the highest APR We have already distributed 500 $PROXY, 100k $DEGEN and 60k $xRIV to all our users in the previous epochs. The next 2 weeks will be the same with 500 $PROXY, 100k $DEGEN and 60k $xRIV in rewards. This is just the start of things to come. cc - @proxystudio.eth @saxenasaheb.eth @jacek
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