Algorand: Staking goBTC and goETH for Rewards
AlgoMint launch rewards programs with multiple protocols throughout the Algorand ecosystem so we want to understand where is the best place to stake goBTC and goETH to earn rewards?
Description of work
- 1: Find number of mint and burn daily for goBTC and goETH pools
- 2: Find daily amount for goBTC and goETH pools
- 3: Find number of mint and burn daily and daily amount for goBTC and goETH pools on Pact, AlgoFi, Tinyman and Folks Finance Deposit application
- 3: Compare number of mint and burn daily for goBTC and goETH pools on Pact, AlgoFi, Tinyman and Folks Finance Deposit applications
For the first step we find the list of goBTC and goETH pools on Folks, Tinyman, AlgoFi and Pact using the algorand.asset table
- Now using the list above, we get number of amount and number of unique wallet who stack assets for all goBTC and goETH pools
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According to the above results,
- ALGO/goBTC PACT LP Token pool has the highest amount of stack among other pools and And other pools stack the same amount.
- AF-POOL-goETH-STBL-25.0BP has the largest number of unique pool address to stack And then the AF-POOL-goETH-STBL-25.0BP pool has the largest number of unique pool address
- AF-POOL-goETH-STBL-75.0BP stack
18446744073709.55
but only for two pool address!
In this section, we are going to review the top 10 addresses that hold more stack on each pool
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According to the above results, it is clear that most of the stacking are one pool address
In the section, we get the number of mints and burns for the pool
According to the results:
- ALGO/goBTC PACT LP Token pool has highest amount of stack
- Tinyman Pool ALGO-goETH not listed and we can take our goETH and goBTC for rewards
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According to the above result:
- mint and burn are done only on pact.fi.
- just for ALGO / goBTC PACT LP Token and ALGO / goETH PACT LP Token see mint (ADDLIQ)
- The number of burn is the same for everyone