Tasks

• In the last month, how much USDC did users deposit into PoolTogether (Ethereum)?
• What’s the average deposit amount per user?

Intro

PoolTogether is a crypto-powered savings protocol based on Premium Bonds. Save money and have a chance to win every week with its non loss lottery.

Method

• To find USDC transferred to PoolTogether, Flipside's ethereum.core.ez_token_transfers table was used.
  • Note that PoolTogether's contract must be specified as the to_address and origin_to_address because each deposit consists on three movements per transaction and those both together exclude the duplicates.
• For the time period, I will take into consideration the beggining of May, and what has passed of June till today, the 22th.

Analysis

• Most of the USDC deposited comes from only five deposits.
• Those transactions are the ones responsible for such a high average in deposits per transaction.

For an even better look

Lets Pool this... together

• Since May 1st, close to 15 millions in USDC were transferred to PoolTogether.
• With 146 deposits, averaging 102k per deposit. Which is not representative of the deposits distribution.

• Since the first of May almost 15 millions in USDC has been deposited into PoolTogether.
• Most of the volume was made in less than ten transactions
• A event that is possible very much related is the minting of its very own NFT project.
• This started on May 24 product of a lawsuit in which PoolTogether was accused of running an illegal lottery operation unlawful under New York law.
• The project had the purpose of funding the legal battle.
• This very well might have caused new attention towards the project along with new big investors.

Just to give a better look

• The month of June has been an exceptionally busy month. While not even finished yet it already is on an all time high in USDC deposits.