Pool Together USDC Deposits

    In this dashboard, I will be exploring user's deposits into the Pool Together protocol over time.

    Introduction

    Pool together allows investors to take part in a No-loss lottery where they can save funds with the opportunity of winning a prize. Due to the value of the prizes being shared amongst those who save, investors can see returns greater than in a traditional savings account. At the time of writing the average APR for an investor is 8.58%.

    The Data

    Let's explore the size of USDC deposits into Pool Together over time and the average size of deposits per user and per month.

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    Pool Together Winning Odds 22/06/2022 15.55 UTC

    With money invested in Pool Together an investor has a 1 in 298.60 chance of winning meaning an investor could win 5 times in just over 4 years. At this moment in time investors can deposit USDC into the platform in order to take part in these prize draws, so that is what I will be looking at in the dashboard.

    The average value deposited per unique user on the platform is 50.1 Thousand, showing that when investors deposit on Pool Together they are likely to make larger deposits.

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    Over the last month, we see 8.73 million deposited on the platform by investors coming at a time when the largest amount saved in a day was on June 14th. Investors are still eager to use the platform, with the money raised by Pooly NFTs likely drawing more attention to the DEFI protocol.

    USDC deposits daily have fluctuated over time, although we have seen an increase in the value of deposits daily in recent weeks, with the largest total value deposited to the platform in a day coming on Jun 14th, with 3.31 million dollars of USDC being deposited. There are a number of days throughout when there are no deposits.

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    This chart offers further insight into the deposits in June, we see that the largest average deposit of 197.44 thousand is seen in that month, with the previous month's deposits being in the tens of thousands.