Thread by @DefiShaka

1 / My final post-mortem of how the top 100 addresses with $vlCVX that unlocked on 6/30 deployed their $CVX after the unlock. A massive 81% of the $CVX was relocked while only about 4% was sold or taken off chain. Most of the rest was deployed to other yield options. A thread.

2 / $CVX from the top 100 unlockers was allocated as follows (by #CVX):
81% - Relock
3.5% - Dump for stables
3.4% - Stake on @ConvexFinance
2.3% - Deposit on @AaveAave
2.2% - Deposit in @BadgerDAO $bveCVX
2.1% - Sitting in wallet
2.0% - Pending
1.5% - Deposit in @0xC_Lever

@ConvexFinance @AaveAave @BadgerDAO @0xC_Lever 3 / What did some of the BIG names do?
- c2pt.eth - Relock
- @redactedcartel - Relock
- Mochi - Relock
- Tetranode - Play in Uniswap and few days then relock
- Terra - Relock
- Bent Finance - Relock

@ConvexFinance @AaveAave @BadgerDAO @0xC_Lever @redactedcartel 4 / I also created a new @DuneAnalytics dashboard that visualizes the locks, relocks, and withdrawals of any address (up to 3!) since the start of the v2 contract. Here are a few examples:

Tetranodes's two addresses:
dune.com/defishaka/defi…

@ConvexFinance @AaveAave @BadgerDAO @0xC_Lever @redactedcartel @DuneAnalytics 5 / Terra's $vlCVX history for both addresses:

dune.com/defishaka/defi…

@ConvexFinance @AaveAave @BadgerDAO @0xC_Lever @redactedcartel @DuneAnalytics 6 / @redactedcartel's $vlCVX history:

dune.com/defishaka/defi…

@ConvexFinance @AaveAave @BadgerDAO @0xC_Lever @redactedcartel @DuneAnalytics 7 / Other good @ConvexFinance resources:
@crypto_condom
@DefiMoon
@DAdvisoor
@CurveCap
@thedailydegenhq
@BarryFried1

8 / And, reposting the plot of all actions (excluding relocks) since it didn't show the "dump for stables" column.

9 / A few additional @ConvexFinance resources!

https://twitter.com/DAdvisoor/status/1545978327512522752?s=20&t=bWXbBImeJA_0_R13UN8SlA