What Will You Read?

In this analysis, You will read about Floordao tokens.

We want to know In the last 90 days, what are users doing with their FLOOR tokens?

Are they staking/unstaking? Swapping for another asset? Are the rebase rewards received from staking FLOOR enough to incentivize users to continue staking? Why or why not?

What is FloorDao?

FloorDAO is a decentralized NFT market-making protocol. It enables deep, sticky liquidity for all NFT collections contained in the FloorDAO treasury.

** \n Analyzed by Hess - Reading Time Almost 10Min**

Method

• I examined 3 parameters.

1. Swap

2. Stake

3. Unstake

   With helo HAMED i found origin function signitures:

   0xd866c9d8 : Stake, 0x990966d5: Unstake. I used these two signitures in Ethereum.core.fact_event_logs table with FloorDao table which is 0xf59257e961883636290411c11ec5ae622d19455e and calculated all parameters. Also I used Dex swap for swaps activities.

FloorDao Overview:

The total daily amount of FloorDao Activities

• As you can see a huge amount of Floordao was staked on March 1st.
• This amount caused staking to become first place in the amount parameter.
• In total, Most amounts were transferred for stake/unstake or swap in April.
• The highest amount of swap was 101K on March 28th.
• Also on that day the highest amount of unstake occurred which was 100K.

The below chart shows the total number of users in each category

• It seems more users staking in comparison to swap and unstake.
• About 380 unique users staked on March 1st.
• The highest number of swap users happened on March 28th with 209 unique users.
• More users interacted with FloorDao token in April in comparison to other months.

Cumulative daily number of interacts and amount

• These two charts show how grew the number of users and the amount.
• The cumulative amount shows the stake and swap have a similar amount.
• The cumulative unstake amount is 825K, Stake 744K, and 743K swaps
• The Cumulative number of users for Stake 1089, Swap 1032 and unstake 908 users.

The below chart shows the total and cumulative daily Rebase amount

• The highest amount of rebased occurred on May 10th which was 4.4K
• The Cumulative rebase amount is about 100K

Conclusion

• In my opinion is good that users continue staking. The cumulative rebase is about 100K which about 15% of staking.

Thank You For Reading!

Analyzed Completely by Hess

Discord_id: hess#0890

Twitter_id: hessaminanloo

ENS: he3am.eth