User Activity

    Q2. Analyze user activity providing and removing liquidity from NFTX vaults. Which three vaults have seen the most activity over the past 60 days? Are there any similarities between these vaults or NFT projects? Explain and visualize your findings.

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    Top 3 vault based on sales transactions amount

    • The same vault as in wallet count top 3 vault

    • The sales transactions for top 3 vault on NFTx is around 50 to 70 range.

    Similarity
    • The NFT collections composition is exactly the same as previous metric (wallets amount).

    Top 3 vault based on amount of wallet addresses interacted

    • There are vault 34, 209 and 239.

    • 3 of the vaults are having close amount of wallets interacted .

    • The wallets count is between 38 to 48.

    Similarity

    • cryptophunksv2 is the only NFT collections common among vault 209 and vault 190.

    • Vault 239 and Vault 190 are having both 7 NFT collections in the respective vaults.

    Vault ID with it's NFTs Collections

    The scatter plot chart below is showing the composition of the NFT collections in respective vault on NFTx platform.

    Staking on NFTX

    Earn fees from the vault, according to the NFTx docs, currently 100% of protocol fees are paid out to those that stake.

    Liquidity providers earn a share of 80% and inventory providers earn a share of 20% of the fees. Stakers will receive an ERC20 “xToken” like xPUNKWETH that is a claim on the underlying staked SLP, or xPUNK which is a claim on the underlying staked inventory.

    There are two ways to stake and earn fees :

    • Liquidity staking

    • Inventory staking

    Differences

    Upon exiting the liquidity positon, it will be the case that the amount claimed will not be equivalent to the amount of NFT token and ETH you added into the pool when staking. If there were lots of sells you will get back more NFT tokens and less ETH, if there were lots of buys then you will get back more ETH and less NFT tokens, and unlike Inventory staking your rewards are not compounded into your position, and instead you can claim them at any time through the Dashboard.

    Conclusion

    • Several NFT collections are popular in NFTx liquidity staking. They are cryptophunksv2, INCOOOM and milady.

    • Most popular vault tend to contain those NFTs.

    Appendix

    Google Spreedsheet :

    Top 3 vault based on liquidity added

    • There are vault 209, 142 and 190.

    • 3 of the vaults are close in terms of liquidity volume.

    • The percentage among top 3 vault are evenly around 30%.

    Similarity

    • There are some NFT collections in common among TOP 3 vault.

    • They are milady, INCOOOM and cryptophunksv2.

    Top 3 vault based on liquidity removed

    • There are vault 59, 63 and 83.

    • 3 of the vaults are close in terms of removed liquidity amount.

    • The amount of tokens removed range between 10 to 20

    Similarity

    • There are only 1 NFT collection common among 2 of the vault (Vault 63 and vault 190).

    • Which is INCOOOM.

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