Try Quests to earn cryptoLiquidity trends of Saber Labs SOL-daoSOL Pool on the Solana Blockchain
TL;DR The SOL-daoSOL Pools TVL in SOL has expanded over 10% in the past 2 weeks. The pool saw an influx of 1200 users, most on February 10-11. Most first-time depositions were in the 1-10 SOL range, however a large depositor has also entered with 5k daoSOL and 5k SOL on February 5.
Methodology: As suggested in the Flipside bounty, I used a sample transaction to identify the relevant transactions. I identify the liquidity pool by it's address in the minting transaction and the minting authority account I observed associated with pool.
However, if I also set the index field of the message to be 4 (which means that the 5th section of the transaction will be selected) I will only pick up transactions that have a very similar structure to the sample transaction. Namely transactions that constitute first time depositions to the pool and also contain instructions to create the relevant accounts for the user. To identify depositions to the pool more generally, instead of relying on the index field I rather checked if the transaction resulted in the growth of SOL and daoSOL balances in the pool (by comparing pre- and post-transaction token balances), while maintaining the requirement that the transaction accessed the liquidity pool.
I use the first-time depositions post-transaction balances, averaged on an hourly basis, to gauge the total liquidity in the pool.
To count the number of unique addresses contributing to pools traffic since February 1, I assigned to each first-time depositing address the time of first deposition and sorting by these dates I produced a cummulative count of the addresses over time.
The vast bulk of first-time depositions so far in February occurred in two days, on February 10 and 11.
However, the majority of the liquidity added to the pool in first-time transactions was added in just 2 depositions on February the 5th.
However, if we take all depositions into account, the picture is a lot more varied. The largest depositions of daoSOL occurred on February 5, but larger overall depositions occurred on February 7 and 11. Throughout the period depositions were dominated by the SOL part of the LP.
The total liquidity in the pool has increased from ~180k SOL to ~200k SOL, peaking at 207.5k SOL on Febr. 9th.
Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. Users can deposit crypto into Saber Liquidity Pools (LPs) and earn transaction fees, token-based incentives.[1] daoSOL is a liquid staking token created by Monkedao, the premier NFT DAO on Solana. At the time of writing the CHEAPEST MONKE on the SMB market[2] was on sale for 140 SOL (~ 14350 USD). Saber launched SOL-daoSOL LP in December 2021 [3]. How did first-time deposition activity and overall liquidity go for the pool since February?