Introduction

past couple of months in Algorand ecosystem was pretty much under influence of Aeneas incentive Program. This program launched and lead initially by Algorand Foundation helps to bring more users and TVL into protocols, spread the world about algorand, and most importantly make people to start using algorand hoping that they will remain in ecosystem once getting comfortable with experience.

AlgoMint was one of recipients of this fund and planed to use it as incentive for people who Mint goBTC & goETH and Stake them to pools as liquidity. Now that the reward time period is over, it's a good time to check if that had any effect on volume of staked goBTC and goETH. Also, even with Reward Program ended, pools maintain and their special reward, whether it's transaction fee or any form of APY provided by the host protocol, continue to produce yield for Stakers.

Methodology

We are assuming that people stake their assets where gives the most yield, so if we are looking to make the best use of our goBTC and goETH, we just need to track down top pools with most assets staked.

What is AlgoMint?

AlgoMint is a Defi Protocol on Algorand block chain which helps to bring BTC and ETH into the network. Users Stake their BTC and ETH in AlgoMint and are able to mint goBTC and goETH on a 1:1 Scale. They can also burn their goAssets to get back their original asset on native chain. AlgoMint wont be limited to BTC and ETH and as the network grows there will be other assets too.

Data & Analysis

First let's take a look at Mint and Burn Amount for goBTC and goETH on a Daily basis. This can show us whether or not there was certain points in past that users tend to lock their BTC and ETH to enter the world of Algorand.

• Most notable Mint day is May 4th when Partnership with Fifa announced
• most notable burn day is May 11th and 12th reacting to price crash in market

Now lets see what are Top 5 Pools that users Stake their goBTC and goETH.

• note that these liquidity doesn't come directly from Minting; In other words, some users might acquire goBTC and goETH from a pool and Stake it there to gain yield.
• Pactfi has the number 1 pool in both asset paired with Algo and this is due to it's strong reward coming from aeneas program.

Even staking into pools are influenced by different events. Next two chart is to see whether or not there are days with more Staking volume in these pools.

• It seems that a lot of users used the recent may price crash to buy cheaper and staked them for good.

Is this all the options we have? Well, there are a lot of pools with low TVL and as we said we are assuming they don't provide good yield. Also, Folks Finance is one of the latest algorand dAPPs which have vaults with APY for goBTC and goETH; I wont recommend that since as i looked the APY is too small. Data shows that it's not attractive for users anymore to lock their goAssets there: