Try Quests to earn crypto2022 Yieldly Staking Pool Analysis
Let's get a better understanding of the YLDY staking pool usage in 2022. In this analysis, You will read about staking on Yieldy Pools. I went through Yieldy and examined these parameters:
-
The most popular Yieldly staking pools by the amount of YLDY staked
-
The most popular Yieldly staking pools by the total number of stakers
-
The most popular Yieldly staking pools by the average amount staked
-
The total daily number of Staking by Pools
-
The Total Amount of staked Yieldy by Pools
-
Total Amount Vs. Total number of stake
-
Share of pools based on Total number of users
-
Share of Pools based on Total amount
-
Total Users Vs. Avg Algo price
-
Total number of pools that a user staked
-
- All Data in this Analysis is from 2022-01-01
Yieldly is the world's first DeFi staking protocol built for Algorand, that allows holders of Algo to stake their assets and have the chance to earn a disproportionate reward.
First, I found Pools with TVL above 1000$ on https://app.yieldly.finance/. I checked each contract and added it to the Hard code way. After that joined my result to the Asset transfer table and filtered the result to Yieldy asset. In the end, I calculated each parameter.
In the below chart, You can see the top 10 Yieldy staking pools since 2022-01-01 based on the total Yieldy amount. Yieldy/Algo pool has the highest amount of staked Yieldy with about 90B Yieldy. The yieldy price is 0.0020 right now. The second most popular pool based on the total amount of Yieldy is Akita. The third one is Nurd with a 22B yield. The last one on this list is Choice with 4B Yieldy.
So far, I looked at the top pools based on total Yieldy. Now it's time to see the top 10 popular pools based on total wallets. Again Yieldy/Algo pool with 281K wallets is the most popular pool. The second place is the same as the previous one. The only difference between this chart and the previous one is third place. In this chart, HDL with nearly 25K wallets staked.
Yieldy/Algo with an average of 1.2M staked Yieldy is the top staking pool on Yieldy in this category. The second one is the Nurd pool with an average of 1M staked Yieldy. The third one is COSG a little fewer than Nurd.
According to the below chart, The total number of stakes decreased since January. For example, The total number of stakes on the Yieldy/Algo pool in January was about 4-5K daily but in May, It was Under 1K. The visual chart proves my logic.
As we saw, The total daily number of users decreased but according to the below chart, The amount of staked Yieldy increased. Let's see an example. The average staked Yieldy on Yieldy/Algo pool was nearly 400M Yieldy in January but In may, The average amount of Yieldy almost doubled.
In this chart, You can see my previous explanation. Total amount of staked yield increased and Total number of Users decreased.
Yieldy/Algo pool has a 41% share of the total amount of Yieldy staked on the Yieldy platform.
Yieldy/Algo pool has a 54% share of total Yieldy platform users.
The below chart shows a relation between the Total number of users with Algo's average price. The pattern is exactly the same. When The Algo price decreased, The total number of Yieldy platform decreased too.
If you want to know that each user in how many pools are staked, Look at the below chart. 36% of Yieldy users staked in more than 10 pools. Only 18% of users staked in one pool.
I think the total amount of staked Yieldy didn't grow. When Algo and Yieldy prices dropped, Users had the ability to buy more Algo and gain more Yieldy. So with a larger amount of Yieldy, They are staking.
Written by Hess
where
discord_id: hess#0890
and
twitter_id: @hessaminanloo