Arbitrum Vault Competition Week 3 Results
6,675 points were distributed to vault holders and managers in Week 3 and for the 3rd straight week, DeFi Gems won the NAV Competition. StableCoins 0% Fee took home fist place in TVL.
GM,
The first three weeks of the Arbitrum Vault Competition have been completed where from every Wednesday to Wednesday we 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
Retweet and comment your vault name 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 in week 3 and how many points were distributed to the managers and holders of the vaults, for a total of 6,675 points!
TVL Gained Winner
This week had a mixed bag of TVL winners with Actively Managed, Stablecoin, and single asset vaults all cracking in the top 10. The winner “StableCoins (0% Fee)” TVL grew 67.05% increasing to over $100,000 in TVL. This vault holds DAI, USDC, and USDT equally weighted and earning yield through lending on Aave.
NAV Increase Winner
DeFi Gems managed by Gem Hunter is the NAV Increase winner for the third week in a row! This past week the vault’s NAV increased 7.89%. The top performing assets in the DeFi Gems Vault were PENDLE up 25% and Aave up 8.7%.
Gem Holder is killing it with the DeFi Gems Vault!