Arbitrum Vault Competition Week 2 Results
New week, same NAV Increase winner with DeFi Gems coming in 1st for the 2nd straight week. But this week, we had a new TVL winner with the 0% USDC Stable Pool vault.
GM,
The first two weeks of the Arbitrum Vault Competition have been completed where from every Wednesday to Wednesday we will reward the 20 vaults based on TVL gains and NAV increase.
Participation is based on the following criteria:
$500 deposited into the vault by the manager
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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 once again were the majority of TVL gainers in week 2, with the winner “0% USDC Stable pool” up a staggering 2452% going from $500 to $10,450 in TVL as many people on Velvet Capital want USDC that earns yield.
NAV Increase Winner
DeFi Gems managed by GemHunter increased 3.2% even with many cryptocurrencies dropping in value and is now the back-to-back winner for NAV Increase. The top-performing asset in the DeFi Gems Vault was once again PENDLE up 15%.