FLOOR Tokens

Introduction

FloorDAO is an NFT market-making mechanism that is decentralised. For all NFT collections held in the FloorDAO treasury, it provides deep and stable liquidity. For example, OlympusDAO's bond and rebase techniques can be used to build up NFT liquidity that can be used in schemes like NFTX vaults to create yield.

Issues that will be addressed in this dashboard”

Are they staking/unstaking?
Swapping for another asset?
Are the rebase rewards received from staking FLOOR enough to incentivize users to continue staking?
Why or why not?

Method

In the current address I used ethereum.core.fact_event_logs table and filtered ORIGIN_FUNCTION_SIGNATURE column by following tips to calculate acquired metrics in the mentioned issues.

ORIGIN_FUNCTION_SIGNATURE = '0xd866c9d8' then 'Staked FLOOR' 
ORIGIN_FUNCTION_SIGNATURE = '0x990966d5' then 'UnStaked FLOOR' 
ORIGIN_FUNCTION_SIGNATURE = '0xaf14052c' then 'rebase FLOOR'

and to calculate the amount of Swapping $FLOOR to other assets I used flipside_prod_db.ethereum.dex_swaps when direction was IN.

So let’s look at the findings as below

Analysis

On April 16th, 2022, the swapping, stake and Unstak metrics was took placed in the highest count as of above chart.

Daily amount of staking/unstaking, Swapping for another asset & rebase rewards received from staking FLOOR over the past 90 days.

On May 11th, 2022, the swapping, stake and Unstak metrics was took placed in the highest count as of above chart.

Conclusion

According to the most recent PIE chart, staking, unstaking, and swapping for another asset have had roughly the same amount of floor over the past 90 days, while rebase rewards received from staking FLOOR have had less than 4% of the amount, indicating that it is insufficient to incentivize users to continue staking.

Q2. In the last 90 days, what are users doing with their FLOOR tokens?

Discord:0xHaM☰d#8391