Arbitrum Vault Competition Week 1 Results
Join the Vault Competition today by having $500 TVL by Vault Manager, Liking & Retweeting the kickoff post, and competing to be in the top 10 in TVL increase or NAV increase each week for points!
Last week, we began our Arbitrum Vault Competition where from every Wednesday to Wednesday we will reward the 20 vaults based on TVL gains and NAV increase.
It was based on the following criteria:
$500 deposited into the vault by the manager
Retweet and comment on the post below (or others that we posted)
Read the full post and information here:
Each Vault in the top 10 in TVL Gained or NAV Increase earns a base reward of 150 points (50% to vault manager and 50% spread to depositors). The base reward increases based on the total TVL of the vault.
Here are the 20 Vaults that won and how many points were distributed to the managers and holders of the vaults.
TVL Gained Winner
Stablecoin and single asset vaults gained the most TVL in week 1, with the winner “arb only fee0” up a staggering 326% going from $7,915 to $33,795 in TVL as many people on Velvet Capital are bullish on the ARB token.
NAV Increase Winner
Many of the top vaults in NAV increase for week 1 were stablecoin vaults due to most tokens being down. However the top two were actively managed vaults. DeFi Gems managed by GemHunter increased 11.81% even with many cryptocurrencies dropping in value. The top performing assets in the DeFi Gems Vault were PENDLE up 50% and FXS up 4.1%.