Royalty LP Incentive & Fee Distribution Program — Week 5
I think it is safe to say it was a bizarre week. We intend to follow this up later in the week with a more comprehensive take on our view of the overall crypto market and how we are adapting to the ever-evolving landscape that is.
In the interim, it is the 5th week of our royalty LP incentive & fee distribution program, and performance was once again in line with the latest averages. Let’s take a look at the numbers.
As you can see, with a large increase in volume (and floor price), royalties reached a high not seen since week 1. Additionally, we were able to take advantage of some of the tremendous volumes on Hadeswap and generate 50.1 SOL in LP fees.
This week the number of qualifying NFTs was 4,796. At 50% of the LP fees distributed, we will be distributing 25.1 SOL or 0.0052 SOL per NFT. We have now generated 300 SOL in fees in 5 weeks.
We will continue to manage the LPs and hope to maintain performance. We will see how the next few weeks go with the volatility in the crypto markets.