FloorDAO - User Bonding Behavior
In this dashboard, we will look at the following:
- How does FloorDAO accumulate and provide liquidity?
- Daily number of bonding transactions by bond ID and daily FLOOR and gFLOOR received by bonders.
- The number of transactions, total FLOOR amount and total gFLOOR amount followed by the number of transactions, FLOOR amount, gFLOOR amount and MILADY amount received by treasury from bond IDs 21 and 22 respectively.
- Impact of bonding activity on the NFT project
How does FloorDAO accumulate and provide liquidity?
- The primary mechanism with which FloorDAO accumulates liquidity is through "bonding".
- Users sell single sided or liquidity assets to the treasury, and in return acquire FLOOR at a discount, vested over a period of time.
- The bonding assets will be chosen by the Policy team and be focussed around acquiring the most valuable assets for the FloorDAO at that time.
- This could be vault tokens (i.e. MAYC, WIZARD, PUNK) to help improve the FloorDAO single sided staking, or it could be WETH to help pair those vault tokens to improve the liquidity pool staking or increase the reserves to sweep new collections.
We can see that the peak of 47 bonding transactions, ~22.5K FLOOR and ~22.07K gFLOOR received by bonders was reached on 3rd March.
The activity has slowed down significantly especially after 15th April.
In terms of number of transactions, Bond ID 4 is in the lead with 69 transactions followed by Bond IDs 15 and 0 with 61 and 44 transactions respectively.
In terms of FLOOR and gFLOOR received, Bond ID 15 is in the lead with ~44,130 FLOOR and ~31,750 gFLOOR followed by Bond IDs 0 and 4 with ~29,061 FLOOR and ~28,621 gFLOOR and ~20K FLOOR and ~18,038 gFLOOR respectively.
The above charts show the number of transactions, total FLOOR amount and total gFLOOR amount followed by the number of transactions, FLOOR amount gFLOOR amount and MILADY amount received by treasury from bond IDs 21 and 22 respectively.
The total number of bonding transactions was 600 resulting in FLOOR amount of ~227K and gFLOOR amount of ~185K.
For bond ID 21, the number of bonding transactions was 41 resulting in FLOOR amount of ~10K, gFLOOR amount of ~6.73K and treasury receiving Milady of ~59.4.
For bond ID 22, the number of bonding transactions was 14 resulting in FLOOR amount of ~3.9K, gFLOOR amount of ~2.55K and treasury receiving Milady of ~30.4.
The above charts show the total volume for Milady, number of transactions and average USD price from March 2022 to April 2022 and the correlation of bonding activity with secondary market activity.
Bond ID 21 was active from 16th April to 21st April and bond ID 22 was active from 23rd April to 24th April.
Overall the small -ve correlation coefficients indicate that there is not much impact of bonding on the NFT project.
Summary
- The primary mechanism with which FloorDAO accumulates liquidity is through "bonding".
- The peak of 47 bonding transactions ~22.5K FLOOR and ~22.07K gFLOOR received by bonders was reached on 3rd March.
- The activity has slowed down significantly especially after 15th April.
- In terms of number of transactions, Bond ID 4 is in the lead with 69 transactions followed by Bond IDs 15 and 0 with 61 and 44 transactions respectively.
- In terms of FLOOR and gFLOOR received, Bond ID 15 is in the lead with ~44,130 FLOOR and ~31,750 gFLOOR followed by Bond IDs 0 and 4 with ~29,061 FLOOR and ~28,621 gFLOOR and ~20K FLOOR and ~18,038 gFLOOR respectively.
- The total number of bonding transactions was 600 resulting in FLOOR amount of ~227K and gFLOOR amount of ~185K.
- For bond ID 21, the number of bonding transactions was 41 resulting in FLOOR amount of ~10K, gFLOOR amount of ~6.73K and treasury receiving Milady of ~59.4.
- For bond ID 22, the number of bonding transactions was 14 resulting in FLOOR amount of ~3.9K, gFLOOR amount of ~2.55K and treasury receiving Milady of ~30.4.
- There isn’t much impact of bonding activity on the NFT project.