Pact.fi LP Pool Actions

    In this dashboard, we look at mint and burns for the Pact.Fi pools to see what pools users are most interested to stake their assets in.

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    Introduction

    Pact.fi is one the newly launched DEXes which is built on Algorand. It is the third most popular DEX on Algorand after Tinyman and AlgoFi in terms of number of swaps and swappers.

    In this dashboard, we look at mint and burns for the Pact.Fi pools to see what pools users are most interested to stake their assets in.

    Analysis

    The graph below shows the daily number of adding liquidity and removing liquidity into and from LPs on Pact.fi.

    We can see that adding liquidity actions most frequently occurred in comparison to removing liquidity action.

    Notable findings

    • Adding liquidity actions more frequently occurred than removing liquidity action on Pact.fi.

    • While adding liquidity is more popular than removing action, removing action is growing over time.

    • USDC/ALGO is the most popular LP in terms of number of minting.

    The graph below shows the relative number of adding liquidity into most popular LPs on Pact.fi.

    It can be seen that GOMint/ALGO and USDC/ALGO are most popular LPs in terms of the frequency of staking action.

    Focusing on the most popular LPs, the graph below shows how the daily number of staking (providing liquidity) on Pact.fi per popular LPs has been changed over time.

    We can see that USDC/ALGO experienced the highest number of liquidity provision among LPs.

    The graph below also shows the daily relative number of staking per liquidity pools.

    A narrative

    The graph below shows how the daily number of minting on GoMint/ALGO, GOeth/ALGO and GObtc/ALGO has been changed over time.

    Notes on data

    • For the purpose of this dashboard algorand.application_call_transaction, algorand.transactions and algorand.swaps tables have been used.

    • Pact.fi app_id has been identified through algorand.transactions, pool names have been found through algorand.swaps and liquidity actions have been identified by using algorand.application_call_transaction.

    On February 23th, Algomint revealed that it is launching the $goMINT governance token on 30th March on @tinymanorg, @algofiorg, @pact_fi!.

    On March 30th, it is announced that Algomint launched the $goMINT token. We can see that since then minting the LPs on Pact.fi has begun.

    On February 8th, lock and earn project of goETH and goBTC in collaboration with Algo Foundation and Folks Finance was launched. We can see an increase on that day.

    On February 15th, gomint stakers on Pact.fi were incentivized by rewards provided by Algo Fundation.