User Activity
Q2. Analyze user activity providing and removing liquidity from NFTX vaults.
Introduction
NFTX is a platform that provides liquid marketplaces for non-fungible tokens, which are illiquid at the present time (NFTs). Users will first submit their NFT to an NFTX vault, after which they will be able to create a fungible ERC20 token known as a vToken. At any given point in time, this vToken represents a claim on a different asset that is stored in the NFTX vault.
In the current dashboard I trying to look at:
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Which three vaults have seen the most activity over the past 60 days?
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Are there any similarities between these vaults or NFT projects? Explain and visualize your findings.
Method
In NFTX, there are two types of liquidity:
Individual categories for stockpiling liquidity and staking that were calculated.
That's when the connection between the contract's original creator and the user's identity was uncovered. A nft token was added to the collection. How to find the nft contract address for an Ethereum null address. NFTs that can't be changed.
Securing the liquidity of an investment The staking contract address of Liqudity is 0x688c3e4658b5367da06fd629e41879beab538e37
. The collection of Ethereum null-to-user address NFTs has been discovered. NFT names were then hard-coded.
Reverse engineering was the method I utilised to eliminate liquidity.
Look at the top three liquidity staking in terms of total deposits first. You can see that Milady Collection has more than 68 percent of the total deposits in first place. Milady comes in second place, accounting for more than 21% of all deposits. Goblin Collections, with the 10%, is the third option on the list.
NFTX's top three inventory-staking NFT collections are used to create these charts. Liquidity staking can be compared to this outcome. Milady leads the pack with 67% of the total deposits made thus far. Wizard comes in second with 17% of the vote, followed by Goblin with 16%. In Inventory Staking, the Wizard will take the position of Tubby, the staker sfor liquid assets. Milady collection received so many deposits from 42 different users.
As of investigating on removing liquidity I found that:
- Milady leads the pack with 96 withdrawals and 72 distinct users. Warrior comes in second with 31 withdrawals from 29 different people. With 30 withdrawals by 25 unique users, Goblin ranks third. Milady and Gobling were among the top three liquidity providers. Based on withdrawals from Inventory staking, these figures have been calculated accordingly.
Conclusion
The connection between NFTs and vaults is one that can be understood without too much difficulty. Because more people in one group have a bigger number of NFT than in any of the other groups, the floor price for one of the groups is, in my judgement, lower than that of the other groups. Because of this, the liquidity of the Vault might shift if there are a sufficient number of people holding NFTs. This is a direct result of the previous point. On the other hand, because the cost of NFTs is so expensive, a substantially larger quantity of data has been stored in vaults. This is because vaults are more secure.
Liqduity staking produces results comparable to those of inventory staking. Milady takes the top spot with 61 withdrawals from 48 different individuals. There are 23 withdrawals by 17 unique users in Goblin and only 10 withdrawals in Banks. This amount was withdrawn by a single user.