$HALO is the governance token of the world’s first Decentralized Autonomous Nonprofit Organization, capturing value for the main stakeholders of the Angel Protocol ecosystem; namely charities, donors, and stakers.

The $HALO Farming Event contributes to phase 1 of Angel Protocol’s fundraising campaign destined to finance the technical and business development of the DANO for the next 24 months while benefiting charities: 20% of all funds raised will be earmarked for charity, completed by 100% of all funds raised over the $6 million thresholds.

The Farming event took place on Apollo. As we know, Apollo is a yield aggregating platform. Hence there are farmers already taking advantage of compounding their yield. So when this Farming event launched, how much of the liquidity moved from native Apollo into HALO vaults.

Almost 90% of HALO farming deposits have arrived from existing Apollo users.

On the other hand only 45% of the deposit transactions came from the same.

So this data was prepared with the assumption that, a user who has previously used Apollo vaults, entered the HALO vault by shifting the liquidity from their Apollo vaults. Since almost 90% of the liquidity comes from Apollo users, its only normal to expect them to have already had their funds deposited in the protocol.

Moreover,the disparity between the percent of UST deposited and no. of deposits along with the extremely high average daily deposits of Apollo users, shows that large sums were moved by these users, and hence probably weren't lying stale in their wallet. These large sums were probably put to farm, and since they have already used Apollo farms, its more likely they used the farms for these funds to be deployed