I think it is time to make a retrospective analysis of how it went. Ready?
Let me show you 🧵👇
N° users: 7215
When was their first interaction?
- Almost 300 users have bid right at the start, at an average price of $0.96
- The second wave happened after 9 hours. This was triggered by the price dropping below $0.20 and the buying pressure raised the average price to $0.32
What about the n° of tx over time?
- Peak/hr: ~1100
- Compared to the chart of new users, we can see a couple of more spikes, such as around 8:00 of the 14/12. This is a spike matches with the time when the price fell below $0.14
- The price which saw the highest amount of $UST spent and gained was $0.19, with a total of $3.87m bought and $1.44m sold of tokens.
- If we look outside the cluster, $0.14 appears to be a popular price with $1.7m of bought tokens
At how many different prices have users bought?
- 56% of all users have only bought at one price
- 1 user has bought at 22 different prices
Amount of UST per bid
- The average amount of UST per bid has been $1147 UST
- 75% had an amount of $500 or less
- Highest bid: $462k
I personally hope to see more of these launches in the future. It looks like a fair way of launching the tokens and it would be interesting to compare users behaviour with the one in the BOOTSWAP.
The following analysis is meant to analyse the behavior of users during and after the depeg event of UST. Coincidentally, in the same days @osmosiszone started listing a new stablecoin: USDC. The question is whether users have swapped away from UST and moved to USDC
1/ 🧵
Let's start by looking at the amount of tokens swapped on the UST/OSMO pair. We can see that the amount swapped of both tokens used to range below 20M. After the depeg event however, the trading volume spiked to 120M UST and 40M OSMO.
2/
OSMO was worth around $2.5 on the spike day (11th May) which means that more UST has been swapped into OSMO. This is in line with the event: many users exited their UST position by swapping them into OSMO.
3/
Astro is looking to become a major aspect of the Terra ecosystem in the future. That is why we need to leverage the ability to access on-chain data to inspect what happens in gov (thanks @flipsidecrypto)
I therefore built this PoC dashboard (real data, tho) for @astroport_fi 1/
Astroport page gives already a lot of information on each specific proposal, but does not allow to compare them.
Let's plot the results from each proposal. Have most of the proposals passed? With what ratio of for/against votes? Which have been the most controversial ones? 2/
Single addresses might have much more power than other voters. In this chart we plot each single address who has voted for the different proposals.
Try selecting the 99 to 100 range with the slider: this will only show you how the top 1% of voters per voting power has voted. 3/
Today the $xPRISM - $PRISM has finally offered some interesting arb opportunities again
Today $xPRISM has been cheaper than $PRISM itself - although $xPRISM allows to redeem 1.03 $PRISM after 21 days of unstaking.
This got me thinking: who has created this unbalance? 🧵
1/
To investigate this, we need to start thinking at how the price in the pool might have gotten that cheap
If xPRISM is cheap in the pool with PRISM - it must be because someone has deposited a large amount of xPRISM and withdrawn the corresponding amount of PRISM
2/
But we are in full Prism Farm season!
Who would want to sell their xPRISM?
Have they lost their mind?
Or better: have their lost their AMPs?
(which is what I'm interested in, being a Prism Farm participant)
However, we can try to understand more of what happened:
- How many users sold their tokens?
- How many bought?
- Who are these users? Had they participated in the lockdrop?
Let me show u what I found 🧵
Let's start with some numbers:
Number of ASTRO tokens sold/bought
- 19.3m ASTRO tokens were sold
- 8.5m ASTRO tokens were bought
A net of 10.7m ASTRO tokens were sold on the market
Sold and bought over time
The chart shows a strong selling pressure right at launch and an equilibrium between sell/buy which has slowly stabilized over time. At launch the price was $2.7, probably deemed by many users as a good price to take profit for on their unlocked $ASTRO.
I looked into some of users behaviours and patterns
- What have users decided to deposit?
- How much UST have users performed?
- What have Phase 1 top depositors deposited in Phase 2?
Let's dive into what the on-chain data shows 🧵👇
First of all:
- 18109 total users have participated in Phase 2 of the lockdrop.
What about the users who participated in Phase 1?
⚠️ More than 40% of users from Phase 1 who have not deposited anything in Phase 2. This means these users have ASTRO tokens unlocked, free to be sold on the market as soon as the DEX goes live ⚠️
The recent days have seen some volatility in the bLuna-Luna pair.
This presents some arbitrage opportunities.
How often do these occur?
When should you take advantage of them?
When should you not?
This is what we are going to explore in this 🧵
What is arbitrage?
Arbitrage, in the case of AMM and Liquidity Pools, can occur when the unbalance in the pool allows one token to be traded cheaper than it should. In that case arbitrageurs can take advantage of this unbalance and restore balance while making a profit
What is bLuna?
Anchor protocol allows users to deposit (bond) their Luna — gets staked — and obtain a liquid token: bLuna. This bLuna gives right to the staking yields of the underlying Luna and can be unbonded back to Luna via Anchor. The unbonding period usually takes 21 days