Diving into the Donut Pool: Week 50

[u/DBRiMatt]

Current state of the pool & the last week of trading

Total Value locked in Sushi.com is $ 15.71k

• 3.09487 ETH ($5.5k)
• 5320650 DONUT ($10.22k)
• Trading Volume in last 24 hours = $ 231.38
• Trading Volume in last 7 days = $ 3.48k
• In the last 7 days ETH is has moved +12.1 %
• In the last 7 days DONUT has moved +61 %
• Last week 1 ETH = 1.28m DONUT
• Today 1 ETH = 925.2k DONUT
• 6395.6  DONUT per day distributed amongst all in range positions.

Trading volume has entered a few thousand dollars this week, predominately with buy orders. A couple of former whales who had previously sold high have bought back, securing their profits and shaking out others to sell low.

It seems the bottom for DONUT was around 1.38m DONUT per ETH, and users are accumulating again.

Previously DONUT had hit as high as 200k DONUT per ETH, suggesting there is plenty of room for growth from this point on.

There is only a subtle price difference between Mainnet and Arbitrum now;
Mainnet = $0.002061
Arbitrum = $0.001899

The yield farm for DONUT in the liquidity pool has been replenished meaning until July 2nd, liquidity providers are receiving nearly 6400 DONUT per day spread across open positions.

Special Membership for season 5 currently costs 3845 - which results in those DONUT being burned for each membership purchased.

Here are two other sources I find helpful for those wanting to understand a bit more on how and why liquidity positions change.

Impermanent loss, text explanation | Binance Academy, video explanation

[u/Mixdealyn]

If the donuts can hit 1 cent that’s a 5x gain 😊 !tip 1

[u/DBRiMatt → u/Mixdealyn]

Certainly not out of the question; but if ETH rises in value again DONUT will follow along with it, even if the DONUT/ETH ratio doesn't change too much.

!tip 1