The DAOPool was created by MonkeDAO to generate funds for the DAO and other community initiatives. Users can use it to swap SOL for daoSOL, a currency whose value is closely tied with SOL.

I add the daily amounts of deposits to daoSOL-SOL pool from February 1 to 18, 2022. It is important to note that the deposits are presented in the daoSOL currency.

At time of writing, 1 daoSOL is worth 1.007 SOL and 1 SOL is worth 91.42 USD.

Sources:

1. https://app.sunny.ag/

In this post I present some basic stats on deposits to daoSOL-SOL so far in February.

I also count the number of distinct addresses having deposited to the pool during the period.

Methodology

Observations

Deposits to the daoSOL-SOL pool are quite volatile. Over 14k daoSOL were deposited on February 7, while the previous day saw only 1,329 daoSOL deposits.

There were 952 distinct liquidity providers who deposited during the seventeen-day period.

Further research could also look at withdrawals and determine net flows to the pool.

Because the two assets are closely pegged, the daoSOL-SOL pool is a good way to earn yield without being exposed to impermanent loss.

As of February 18, 2022, Sunny's daoSOL-SOL pool has the equivalent of over $16.7M in liquidity. This liquidity pool currently offers a yield of 9.7% ¹.

Sunny is a decentralized exchange that allows the pairing of daoSOL with SOL in a liquidity pool.