Monthly Report #1 - Nov 14th - Dec 13th
Almanak Monthly Report Web Access
Key facts
- Overall protocol deficit declined over the month
- Fee recommendations are accurate and synced with market liquidity/volatility
- Almanak-managed pools outperform the other pools, generating additional revenue
Monthly Results
- Protocol Deficit: 1-month decrease of 16%, circa $5M
- Swapping Fee: Overall increase of the fees to support the revenue while striking the balance with required arbitrage volume
- Trading Liquidity: TL maintained at historical levels and adapted to frequency switch (d to w)
- Almanak Fee Perf.: Almanak fee maintaining upside atop the benchmark market fee (BMF) indicating outperformance
- Almanak Pools Perf.: Ratio Fee/Volume above non-Almanak pools despite observed decrease in volume across the market
- DAI vs Other Stables: Fee revenue trend for DAI pool compares steadily to other stables at slightly below level
Next Steps
- We identified avenues of improvement/focus that we’ll address in the next month:
- Monitor closely DAI pool vs other stables to avoid structural breaks
- Implement the similarity metric we have developed to assess structural breaks
- Optimizing the TL with a 5% step instead of decimal to align operational update process
- Continue improving the report to make it more legible, more insightful