About Yieldly

Yieldly are reconceptualizing value, including the way it is exchanged. In Yieldly vision, the community will exchange their digital assets swiftly and simply. Yieldly are taking our first step towards connecting the blockchain universe by bringing DeFi to Algorand. Why Algorand? Because it allows users to trade faster, with lower fees and more security than any other protocol.

Description of work

We want find most popular Yieldly staking pools by:

• Amount of YLDY staked
• Total number of stakers
• Average amount staked
• How staking pool participating has evolved over time in 2022
• Wallets participating in staking pools now or less over time in 2022
• Find wallets participating in staking pools but committing less amounts
• Are the price of ALGO impact the number of users participating and staking pools
• Are there any standout wallets that have staked in a lot of these Yieldly staking pools

We find all Yieldly staking pools on https://app.yieldly.finance/pools

• Yieldly staking pools app_id and pools:
  • app_id =385089192 (ARCC), app_id =393388133 (GEMS), app_id =424101057 (XET), app_id =447336112 (CHOICE), app_id =511597182 (AKITA), app_id =583357499 (ARCC pool_2), app_id =591414576 (DEFLY), app_id =593126242 (KTNC), app_id =593270704(TINY), app_id =593289960 (TREES), app_id =596950925 (HDL), app_id =593324268(BLOCK), app_id =604219363 (RIO), app_id =604373501 (AO), app_id =604392265 (CHIP), app_id =604411076 (FLAMINGO), app_id =609492331 (WBLN), app_id =604434381 (BIRDS), app_id =617707129 (DPANDA), app_id =618390867 (CURATOR), app_id =620458102 (ACORN), app_id =624919018 (CRSD), app_id =625053603 (NURD), app_id =620625200 (NKOS), app_id =717256390 (ALCH), app_id =710518651 (COSG)

Amount of YLDY staked

Above you will see the amount of amount of YLDY staked for each staking pools in Yieldly

• observations:
  • YLDY/ALGO pool has most staked amount
  • YLDY/ALGO pool has the highest bet amount with 39.5%. AKITA with 12.7%, NURD with 9.67% and ARCC pool_2 with 7.67% are in the next ranks.

Above you will see the amount of amount of YLDY staked daily

• observations:
  • The YLDY / ALGO pool has the highest amount of staked on a daily basis
  • The amount of YLDY / ALGO pool staked has increased daily since 2022
  • The amount of AKITA pool staked has been decreasing daily from 2022 until Apr 12th and has been increasing again since then.
  • From Mar 13 to Mar 17, the amount of staked decreased sharply and then increased again
  • Feb 10th and Apr 21th were the most staked

Above you will see top 10 popular Yieldly staking pools by the amount of YLDY staked

• Top 10 pool in order:
  • YLDY/ALGO, AKITA, NURD, ARCC POOL_2, COSG, ALCH, HDL, XET, WBLN, CHOICE

Above you will see Total number of stakers (participating) in Yieldly Staking Pool for each pool

• The YLDY/ALGO pool has the highest number of stakers (participating)
• It can be seen that there are a total of 25.42k stakers in Yieldly Staking Pool, out of which 24.045k have participated in YLDY / ALGO pool and we conclude that more userd participate in YLDY / ALGO pool
• There is a direct relationship between the number of stakers and the Amount of YLDY staked

Above you will see Average amount staked in Yieldly staking pools for each pool and daily

• The XET pool has the highest average amount staked
• In Mar, we see the highest average amount staked

How staking pool participating has evolved over time in 2022?

• According to the above results, you can see that participation in the staking pool is decreasing on a daily basis

Above you will see wallets participating in staking pools now or less over time in 2022

• Participation in all staking pools has been declining on a daily basis
• From Mar 13th to Mar 17th, we see the lowest participation in staking pools
• For AKITA Pool from Mar 1 onwards, we do not see any participation in the staking pool
• For YLDY / ALGO Pool, from Mar 18 until now, the daily participation in the staking pool has been balanced and has had a high volume of participation among other staking pools from March 18 onwards.
• For ALCH Pool, we have seen an increase in participation since Apr 18th

Above you will see top 50 wallets participating in staking pools but committing less amounts

• Out of 50 wallets that had the least amount of participation in staking pools, most of them are for YLDY/ALGO Pool

Above you will see ALGO price impact the number of users participating and staking pools

• According to the results, it can be seen that the daily price of ALGO has been decreasing since the beginning of 2022
• Considering the downward trend of ALGO price, you can see that this downward trend has not had an effect on staking pools amount.
• The downward trend in ALGO prices has affected the number of users participating and as ALGO has decreased in price, the number of users participating has decreased on a daily basis.

Above you will see top 10 standout wallets that have staked in a lot of these Yieldly staking pools

• According to the results, these top wallets have participated in all 27 staking pools
• [NLRIBKJZEUCRLYZY72Z3GQW4ROJYCRZIOOABXDTZKFPLJGVBMFA3GZB5SE] wallet also participates in all 27 staking pools and has the highest staked amount.