EDG DAO Financial Bulletin: First Fortnight of June

Provides the community a fair idea about the performance of EDG as compared to the market as well as the peers of EDG.

EDG DAO Financial Bulletin: First Fortnight of June

(** the figures mentioned in this report are our personal opinions, so please don’t consider this as investment advice)

Part 1: EDG Performance

  • During the last fortnight, the overall performance of EDG was mostly sideways, including one large spike in prices.
  • In this fortnight, the highest price of EDG was approximately 0.0037 USD around 6/6/22, which was during the price spike.
  • The spike was around 6/6/22, with prices going up from 0.0021 USD to 0.0037 USD and 24h volume during this period was around 669k USD, which was relatively much higher compared to other days. The coinciding upward price trend with increased volumes shows buying activity in the markets.
  • Other than this relatively larger upward movement, the price movement was mostly sideways.
  • Based on the financial models, we see that the returns are expected to be around 6-8%** over the next period.

Part 2: Comparative Analysis

  • Period = 2 weeks (1/6/2022 to 15/6/2022)
  • Beta = Volatility Factor
  • Rf = Risk-free return (Approximately 4%) (Government Bonds)
  • Rm = Return from Equity market (Approximately 10%)
  • Beta = 0.45 (Beta is less than 1 which shows EDG was less volatile than BTC)
  • The approximate Return over this period from EDG was about 6.87%
  • The approximate Return over this period from BTC was about -30.19%
  • **Considering the above data, the expected returns from EDG can be expected to be about 6.74% Approximately over the next periods.
  • Beta = 0.70 (Beta is less than 1 which shows EDG was less volatile as compared to DOT over the considered Period)
  • The approximate Return over this period from EDG was about 6.87%
  • The approximate Return over this period from DOT was about -29.38%
  • **Considering the above data, the expected returns from EDG can be expected to be about 8.22% Approximately over the next periods.
  • Beta = 0.56 (Beta is less than 1 which shows EDG was less volatile as compared to KSM over the considered Period)
  • The approximate Return over this period from EDG was about 6.87%
  • The approximate Return over this period from KSM was about -3571%
  • **Considering the above data, the expected returns from EDG can be expected to be about 7.37% Approximately over the next periods.
  • Beta = 0.50 (Beta is less than 1 which shows EDG was less volatile as compared to ETH over the considered Period
  • The approximate Return over this period from EDG was about 6.87%
  • The approximate Return over this period from ETH was about -37.51%
  • **Considering the above data, the expected returns. from EDG can be expected to be about 7.02% Approximately over the next periods.
  • Beta = 0.31 (Beta is less than 1 which shows EDG was less volatile as compared to AVAX over the considered Period)
  • The approximate Return over this period from EDG was about 6.87%
  • The approximate Return over this period from AVAX was about -37.73%
  • **Considering the above data, the expected returns from EDG can be expected to be about 5.90% Approximately over the next periods.
  • Beta = 0.31 (Beta is less than 1 which shows EDG was less volatile as compared to ALGO over the considered Period)
  • The approximate Return over this period from EDG was about 6.87%
  • The approximate Return over this period from ALGO was about -24.70%
  • **Considering the above data, the expected returns from EDG can be expected to be about 5.86% Approximately over the next periods.

Conclusion:

Over the period considered for analysis, the EDG token was less volatile as compared to BTC, AVAX, DOT, ETH, ALGO, and KSM. Based on the financial models, **the returns over the next period can be expected to be positive and around 6-8% **

Part 3: Treasury Spendings

Treasury Proposals

  • Treasury Proposal #70 - Solo Contributor Proposal - Content Moderator: ZOVERN- 3,802,906.25 EDG
  • Treasury Proposal #71 - Event Trilogy (Gmeister) - 135,000 EDG
  • Treasury Proposal #72 - Remainder of Agency (Thom Ivy) - 5,299,482 EDG

Treasury Tips