FloorDAO Bonding Intro

Plucking the explanation from FloorDAO docs :

FloorDAO primary way to accumulate liquidity is through "bonding". Users sell single sided or liquidity assets to the treasury, and in return acquire FLOOR at a discount, vested over a period of time.

The bonding assets will be chosen by the Policy team and be focused around acquiring the most valuable assets for the FloorDAO at that time. This could be vault tokens (i.e. MAYC, WIZARD, PUNK) to help improve the FloorDAO single sided staking, or it could be WETH to help pair those vault tokens to improve the liquidity pool staking or increase the reserves to sweep new collections.

There are various repository aka vault. In FloorDAO for users to deposit/bond their NFT to FloorDAO. The bonding amount evaluate in below is based on respective vault tokens.

Daily Bonding amount in respective repository

• From the chart above, we’re seeing that each vault accumulate the liquidity within a week time.
• Repository 0 , 4 , 7 and 24 having around 7 days bonding activity.
• Repository 15 having the highest bonding amount among all. With over more than 100 per day on 30th March 2022 and 14th April 2022 and around 90 on 15th April 2022.
• During 31st March 2022 to 13th April 2022, there are very thin bonding amount daily on FloorDAO.

Is there any trend ?

• There is no significant trend for users to perform bonding on FloorDAO.
• It might vary with the NFT project in each repository. Take an example, repository 15 might contain popular NFT collection which drive users to bond more to the repo.

Cumulative Bonded amount in each repository

• Repository 15 is having the highest bonded amount.
• Next, come by Repo 14 with over 140. While Repo 13 is having amount bonded close to 100 as well.
• The rest of the repositories are having rather thin amount bonded on FloorDAO.

Redeem users amount on each repository

Users are able to redeem their tokens after they bonded to FloorDAO given the redemption is according to the vesting period. In this section, we’ll look whether any users perform the redeem on respective repo.

Redeemed

• Repository 0, 2, 9, 16, 20, 21, 23, 24 are having users redeemed their tokens.
• However, there is only minority of them doing that with a range between 1 to 3 on each repo.

Majority of the users still have not perform their redemption on the tokens they bonded to FloorDAO repositories. This might due to the vesting period and also users’ decision themselves.

Distribution of redeem/not-redeem

• Over 96% of the users remain bonded in the repositories in FloorDAO.
• While only 3.2% of them actually perform the redemption on the tokens based on vesting period.

Summary

• The bonding activity is rather slow and the bonded amount on respective repositories are thin as well.
• Majority of the users remain bonded and have not redeem their tokens from FloorDAO.