Week 69 of reviewing the Donut liquidity pool…. (nice!)
Total Value locked in Sushi.com is $ 47.82k
- 3.409358 ETH ($14.65k)
- 7590877 DONUT ($33.16k)
- Trading Volume in last 24 hours = $ 262.80
- Trading Volume in last 7 days = $ 2.26k
- In the last 7 days ETH is has moved -2.4 %
- In the last 7 days DONUT has moved +9.6 %
- Last week 1 ETH = 1.03m DONUT
- Today 1 ETH = 983.69k DONUT
- 6466.66 DONUT per day distributed amongst all in range positions.
Quite a bit of trading occured on Mainnet in the last week, with over 10k in a single day. Meanwhile, Sushi only saw a fraction of that, with just over 2k in volume for the entire week.
Mainnet = $0.004768
Arbitrum = $0.004409
Last week the Mod team shared an update, which included the vision and goal of pursuing an exchange listing, but current liquidity levels would likely not be able to support such an increase in demand.
In my last last liquidity pool update, I shared a strategy which I have used frequently, which allows providers to deposit a single asset into the pool, adding to available liquidity to use that as a means of trading out into the paired asset (In this case, DONUT for ETH).
The pools depth highlights this as well, there is much more liquidity available at higher ratios, particularly starting from 750k DONUT per ETH. When the trading range hit's these parameters, there will be less slippage sustained for traders as well.
Currently, the top 5 providers make up nearly 75% of the available liquidity – this is another metric which would need to become healthier for DONUT to grow and thrive.
Diving into the Donut Pool: Week 69
byu/DBRiMatt inethtrader
Posted by DBRiMatt
7 Comments
Thanks for the summary. So 5 people control it, right ?
!tip 1
DBR its time to become 4th
🍩 !tip 1
What would it take to join the top 5 ? 0.25 ETH and the equivalent of dounts?
!tip 1
I’m a bit new to this. But if I add my Donuts to the liquidity pool, are there risks of it getting blown up if the price suddenly tanks off a cliff? like staking?
Interesting – the top provider alone is supplying more than a quarter of the liquidity. I’ve never seen him active here.
^(!tip 1)
Thanks!
!tip 1
> but current liquidity levels would likely not be able to support such an increase in demand.
This is true and could be a hurdle. I assume liquidity is a lot more stable on the mainnet.
^(!tip 1)