BAYC and Ape Staking
Analyze Bored Ape Yacht Club's Staking and other related aspect of APE Coin
Introduction
what is $APE Coin?
Yuga Labs, the developer of the NFT collection of the Bored Ape Yacht Club, has announced Ape Coin as the primary digital currency for all of its new products and services.
The total supply of Ape Coin is equal to 1B, and it is considered the governing and functional currency based on the ERC20 standard in the NFT Board Ape Yacht Club (BAYC) collections ecosystem.
summary on $APE Coin Airdrop
on Mar 17, 2022 The Team Announce starting of Airdrop claiming process. 150 million tokens (24.2% of the Ecosystem Fund and 15% of the total supply of ApeCoin) are claimable by BAYC and MAYC NFT holders upon launch of ApeCoin.
NFT | APECOIN ALLOCATED PER NFT OR NFT PAIR |
---|---|
Bored Ape only | 10,094 tokens |
Mutant Ape only | 2,042 tokens |
Bored Ape + Kennel Club(token IDs do not need to match) | 10,950 tokens |
Mutant Ape + Kennel Club(token IDs do not need to match) | 2,898 tokens |
summary on $APE Coin staking
ApeCoin rewards, known as $APE staking emissions, will represent 17.5 percent of the total supply of the token and be distributed over a three-year period.
In the first year of staking, 100 million $APE will be released across all the staking pools.
There are four primary staking pools, to which holders of the Yuga Labs NFTs and $APE will have access.
Note that all pools require at least some amount of $APE. The four pools, and their respective first-year token allocations, are below:
- BAYC Pool: 47,105,000 tokens (47.1%)
- MAYC Pool: 30,000,000 tokens (30%)
- BAYC/MAYC + BAKC Paired Pool: 19,060,000 tokens (19.06%)
- $APE-only Pool: 3,835,000 tokens (3.83%)
Method
Contracts And summary on how I collected the data:
==Contracts==
Ape Coin contract: 0x4d224452801ACEd8B2F0aebE155379bb5D594381
Airdrop contract: 0x025c6da5bd0e6a5dd1350fda9e3b6a614b205a1f
staking Contract: 0x5954ab967bc958940b7eb73ee84797dc8a2afbb9
summary:
the price of Ape token extracted from ethereum.core.fact_hourly_token_prices table and in HOURLY Timeframe that include the last 2 weeks price, we divide it to before and after the staking process, we did the same for Swap and Transfer Volume which calculated with help of ethereum.core.ez_token_transfers and ethereum.core.ez_dex_swaps
with the airdrop contract that we have for airdrop and Events_log table we collected all the data that we want for analyze the airdrop process
All the staking events happen within above staking Contract, with the help of Events_log and EZ_Token_Transfer Tables we collected all the staking event with their Amount, we distinguished the target pools with this code:
case when TOPICS[0]='0xb3f27c1805319c01731f5717816fcfc579c3452c5ff4ffadc41284a7288f24ef' then 'BAKC'
when TOPICS[0]='0x8863bdbe28273fa04cbc67c9e51785cff607a419b43ee367e4c3c01edb1d7b56' and tokenflow_eth.hextoint(TOPICS[2])=2 then 'MAYC'
when TOPICS[0]='0xe31c7b8d08ee7db0afa68782e1028ef92305caeea8626633ad44d413e30f6b2f' then 'APE coin'
when TOPICS[0]='0x8863bdbe28273fa04cbc67c9e51785cff607a419b43ee367e4c3c01edb1d7b56' and tokenflow_eth.hextoint(TOPICS[2])=1 then 'BAYC'
end AS POOL,
our approach for answering the bounty questions:
we will have 3 sections:
-
1. $APE Price and $ stats:
the Goal of this section to see the effect of staking process on $Ape stats like price and other
-
$APE Airdrop:
here we provide all the information that are necessary to observing the Airdrop process and How $APE coin distributed
-
Ape staking:
Ape staking is one of the major events that happened on APE coin ecosystem, and we here analyzed various aspect of it and went deep to dinf out how different staking pools acted in the last HOUR or overall
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Observations
- 66% of the Tokens that allocated for airdrop were claimed in the first hour
- The average airdrop Amount was near 9K $Ape
- most of the addresses claimed less than 5K $APE
- All the addresses that received more than 400K $APE were claimed in the first Hour
- The Top airdrop receiver is 0x54be3a794282c030b15e43ae2bb182e14c409c5e with 1.43M $APE
- currently 6.98K or 43.7% of the 15K claimed Addresses does not hold $APE
Observations
- the current Amount that staked in the pools is 9.15 $APE
- the highest Hourly Staking Amount was on Dec 6,2022 16:00:00 with 698.3K $APE which 593K pf them staked in Ape pool
- in most of HOURS, Amount of stake is greater than 200K $Ape
- As of this hour as I am typing, the amount of steak is increasing strongly and there are no signs of weakness in the increasing trend.
- most of staking Amount (Deposited Amount) belongs to BAYC pool with 4.96M $APE 28% higher than Ape pool with 3.87 $APE
- The average staking amount for BAYC pool is 7.6K $APE 155% higher than Ape pool with 2.98K $APE
- the Hourly Average of staking BAYC pool is mostly higher than other pools
- big wallets prefer to stake in BAYC (or should we say big Wallets have BAYC NFT, so they stake in BAYC pool)
- most of stakers and staking events belongs to Ape pool
- In the number of stakers and staking events, we see a gradual decrease in the hourly graph
Observations
- On November 25, with the announcement of the launch of the staking platform, the price of the token started to increase from around 3.2 USD and this increase continued until almost a week before staking and reached the price of 4.35 USD, which means a 40% price increase under the direct influence of the staking news
- The hourly volume of swaps and transfers after the start of staking was able to record higher numbers than the previous hours
Conclusion
- the process of staking, and its news had a good effect on $APE price and swap/transfer Volume
- The average airdrop Amount was near 9K $Ape
- most of the addresses claimed less than 5K $APE
- currently 6.98K or 43.7% of the 15K claimed Addresses does not hold $APE
- the current Amount that staked in the pools is 9.15 $APE
- in most of HOURS, Amount of stake is greater than 200K $Ape
- As of this hour as I am typing, the amount of steak is increasing strongly and there are no signs of weakness in the increasing trend.
- the Hourly Average of staking BAYC pool is mostly higher than other pools
- big wallets prefer to stake in BAYC (or should we say big Wallets have BAYC NFT, so they stake in BAYC pool)
- MAYC pool has a higher APY than other pools
- The emissions that allocated for BAYC pool is the highest