🕎Analytics Explained

The math behind the numbers.

Sedona Analytics dashboards provide a clear and brief understanding of Sedona's key metrics.

It presents consolidated data from Flipside's analytical platform, enabling a comprehensive understanding of Sedona's operational metrics, including liquid staking performance and minipool growth, contributing to the decentralization of the Ethereum network.

Each section breaks down complex data into accessible insights across four critical areas:

Total Deposits Dashboard

This dashboard presents the total amount of ETH deposited into the Sedona protocol.

Key Metrics

ETH on the Liquid Staking Side

Displays the total amount of ETH contributed to liquid staking through Sedona, offering users the yield on validating while maintaining access to a liquid token sdETH.

ETH on the Minipool Side

Represents the amount of ETH contributed directly to minipools, which are validators funded via an equal mix of ETH contributed from both the liquid stakers and Minipool operators.

Total ETH in Protocol

Demonstrates summation of the total ETH held within the entire Sedona protocol, combining liquid staking and minipool balances.

Growth Metrics

90-day Growth in Liquid Staked ETH

Indicates the growth rate of the total ETH deposits in sdETH liquid staking over the last 90 days.

90-day Growth in Minipool ETH

Highlights the growth rate of the total ETH deposits in minipools over the last 90 days.

90-day Growth in Total ETH

Displays the total percentage growth of all ETH within Sedona, including both liquid staking and minipools over the last 90 days.

Protocol TVL (Total Value Locked)

Reports the current value of all ETH and SEDONA staked within Sedona.

sdETH Dashboard

This dashboard displays specific details of ETH staked through the sdETH liquid staking token, tracking yield performance and associated fees.

Total APY

Current estimated percentage return on all staked ETH, covering various yields and costs that are explained in the following sections.

Yield Performance

Base Validation Yield

The annualized yield earned from validating activities over the most recent 15-day cycle (Sedona Validation Cycles are 15-days). It reflects the validation yield for the latest minipool cycle, which ETH stakers get to participate in on an equal basis with Minipool operators.

MEV Yield

The annualized yield from the last 14-day cycle attributable to Maximal Extractable Value strategies.

Fee Structure

Protocol Fee

The protocol fee is zero, emphasizing that Sedona AI does not charge protocol-level fees.

Delegation Fee

The delegation fee is calculated based on the delegated ETH rate, the possible minimum commission rate (2%) of the base return. Sedona AI's goal is to sustain a 0% delegation fee, by leveraging deposited ETH to generate base and MEV yields internally instead of delegating ETH to external validators.

Liquidity Fee

Represented as an opportunity cost rather than an external fee, it is calculated based on the idle ETH compared to the active staking pool, incorporating both base yield and MEV yield to present the cost of liquidity.

Exchange Rate, Volume, and Market Activity

• ETH to sdETH Exchange Rate: Current and historical rate at which ETH is converted to sdETH.

• sdETH Volume: A comparison of trading volumes across different exchanges.

Minipools Dashboard

The Minipools Dashboard provides a real-time count and historical trend of active minipools, which are critical components of Sedona AI’s staking infrastructure.

Minipools

Total Number of Minipools

Displays the current number of active minipools and a graph showing the change in the number of minipools over time.

Reward Dates

• Rewards Cycle Start: Marks the beginning of the reward period.

• Reward Cycle End: The date when the current reward cycle concludes and distribution begins.

• Rewards Eligibility: The date when minipools are evaluated for their current rewards eligibility.

• Next Rewards Eligibility: The upcoming date when minipools will be evaluated for their next rewards eligibility.

SEDONA Dashboard

A detailed look at Sedona AI's native token, SEDONA, showcasing its price, market valuation, and staking statistics.

Market Valuation

• SEDONA Price: The current trading price for SEDONA, a direct reflection of the market's valuation.

• SEDONA FDV (Fully Diluted Valuation): Represents the total value of all SEDONA tokens at the current market price, assuming all are in circulation.

• SEDONA Mcap (Market Capitalization): The total market value of circulating SEDONA tokens, providing a snapshot of its market size and liquidity.

Staking Statistics

• SEDONA Percentage Staked: The portion of SEDONA tokens currently staked in the protocol.

• SEDONA Staked: The total quantity of SEDONA that has been staked and the changes in the amount of staked SEDONA over time.

Market Activity

• SEDONA Volume: A comparison of trading volumes across different exchanges.