What is the Question?🚨

In light of the Bored Ape Yacht Club's introduction of Staking, provide an analysis on the token and project.

Provide data on APE token distribution in March 2022 and show how the activity has evolved since. Share analysis on future emissions schedule.

How have the first hours of APE staking been? How do the staking rewards for each pool compare? Provide any relevant data.

Analyzed Topics:

1. $APE Airdrop Stats
2. Staking Activity
3. Staking Emissions and APY%

Introduction🚩

What is $APE Coin?

ApeCoin is an Ethereum-based token governed by ApeCoin DAO, a decentralized autonomous organization (DAO) tasked with making decisions around things like ecosystem fund allocations, governance rules, projects, partnerships and more. All holders of APE are eligible to be members of ApeCoin DAO.

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What is $APE Coin Airdrop?

On March 17, at 8:30 a.m. ET, 15% of the total supply of $APE coins has been available to those who owned an original Bored Ape or a Mutant Ape NFT. Holders of Bored Ape Kennel Club Dogs will need to own either an Ape or Mutant to participate.

The project used an airdrop, a classic crypto marketing technique. But it didn't go smoothly. Owners of Bored Apes and related NFTs were eligible to claim as many as 150 million ApeCoin tokens starting Thursday. The coins were then airdropped — a fancy crypto term for sent — to their wallets.

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Method⚡

In this dashboard, at first i take a look at $APE coin airdrop that happened on March 17th and analyzed its stats in different angles, after that i explored $APE staking activity that launched 2 days ago on December 5th 14:00 PM and analyzed its stats in overall and hourly angles divided by 4 BAYC,MAYC,BAKC and $APE-only pools. At the end i analyzed these 4 pools emissions and APY% in 4 quarters.

I mainly used ==“ethereum.core.fact_event_logs”== table from ==Ethereum.core== database provided by Flipsidecrypto and filtered $APE data with its contract addresses:

1. $APE Coin Contract Address**:** ==“0x4d224452801ACEd8B2F0aebE155379bb5D594381”==
2. $APE Coin Airdrop Distributor Contract Address**:** ==“0x025C6da5BD0e6A5dd1350fda9e3B6a614B205a1F”==
   • Origin Function Signature for Claiming Airdroped $APEs: 0x48c54b9d
3. $APE Coin Staking Contract Address: ==“0x5954aB967Bc958940b7EB73ee84797Dc8a2AFbb9”==

Also i filtered $APE staking pools with their origin_function_signature:

1. ==$APE Coin Only==: Origin_Function_Signature: ‘0x9dcaafb4’
2. ==BAYC==: Origin_Function_Signature: ‘0x46583a05’
3. ==MAYC==: Origin_Function_Signature: ‘0x8ecbffa7’
4. ==BAKC==: Origin_Function_Signature: ‘0xd346cbd9’

Findings👀

• After $APE Airdrop launch on March 17th with 150M amount of claimable $APE, users claimed 144M of it so far.
• As we see, almost 96% of the whole airdrop volume claimed by eligible users with an average of 8.8K $APE per wallet.
• Over 15K claimers claimed 144M $APE from its airdrop.
• Most of the claims by claimers happened on airdrop first few days.
• Out of 15K claimers, 10.5K of them claimed their airdrop on the first day of its launch with almost 100M claimed $APE Volume on March 17th.
• Over 50% of $APE holders are holding between 2K and 4K $APE tokens followed by 10000-25000 $APE holders with over 36% of holder share.
• Almost 96% of airdrop claimers are not holding their claimed $APE anymore.

1. $APE Airdrop Stats

2. Staking Activity

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Findings👀

• The charts above are showing overall and hourly $APE staking activity divided by BAKC,MAYC,BAYC and $APE-only pools that launched on December 5th 14:00 PM.
• $APE staking launched on December 5th afternoon and after almost 2 days after that, Over 11M $APE has staked and over 9.5M of it has unstaked with a net stake of 1.7M $APE over time.
• APE$ Most number of stakes has recorded on its first few hours of staking launch and most of them were on $APE-only pool.
• The highest amount of $APE staked on December 6th 16:00 PM with almost 700K $APE staked volume and most of them were belong to $APE-only Pool followed by BAYC pool in the second place.
• $APE-only Pool is in the lead in terms of number of stake transactions and wallets but in terms of stake volume, the BAYC pool is in the lead with over 5M $APE staked volume in past 2 days.
• Although $APE-only pool had more number of transactions and wallets than BAYC pool but it placed in second in terms of $APE Stake volume.
• It looks like there were some internal issue happened with BAKC and BAYC pools on December 7th 11AM because they didnt record any staking activity on that hour.

3. Staking Emissions and APY%

Findings👀

• In these charts, i tried to show pools emissions and APY divided by quarters.
• In terms of Pool APY, MAYC is in the lead among other 3 pools on all quarters followed by BAYC in the second place.
• But in the other hand, BAYC is in the lead in terms of Pool Emissions(Rewards) followed by $APE-only pool in the second place.
• BAYC pool has the highest eligible $APE among others with over 22M $APE.

Conclusion💡

• Most of the Airdropped $APE has been claimed by claimers.
• Most of the Airdropped $APE volume claimed on the first day of airdrop.
• Over 50% of $APE holders are holding between 2K and 4K $APE tokens followed by 10000-25000 $APE holders with over 36% of holder share.
• Almost 96% of airdrop claimers are not holding their claimed $APE anymore.
• Over 11M $APE has been staked so far and almost 5M of them belong to BAYC pool in the fist place followed by $APE-only pool with almost 4M staked $APE in the second place.
• $APE-only pool is in the lead in terms of number of stake transactions and wallets.
• MAYC pool has the highest APY between all $APE staking pools.
• BAYC pool has the highest emissions(rewards) between all $APE staking pools.

Author: Sbhn_NP

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Thanks for your time!