DefiShaka.eth Profile picture
Dec 29, 2022 8 tweets 6 min read
🚨 1 / @OlympusDAO's entire balance of 869,748.2 vote-locked $CVX was just "withdrawn" -- actually kicked by a Bounty Hunter.

Their last 3 "withdrawals" were all actually kicks due to bounty claims.

Olympus is now the 2nd largest $CVX bounty "victim" behind Terra. @OlympusDAO 2 / Here are the 3 bounty claims made against @OlympusDAO, with the most recent resulting in a bounty of 8,697.48 $CVX.

dune.com/defishaka/cvx-…
Dec 28, 2022 6 tweets 5 min read
1 / A few days ago I posted about bounty hunters making a killing claiming bounties on idle vote-locked $CVX. How much are they making and how pervasive is this practice? I created a @DuneAnalytics dashboard to fine out. A thread.

@DuneAnalytics 2 / Here are the CVX Bounty Hunter stats:
* 2,549 bounties claimed
* 59,269.78 total $CVX claimed
* 22 unique Bounty Hunters (by address)
* 2,110 unique "victims" (by address)
Dec 23, 2022 8 tweets 8 min read
1 / Yesterday the last of Terra’s formerly 2.3M vote-locked $CVX was “kicked” from @ConvexFinance's locking contract as part of the idle CVX bounty program.
I investigated & discovered Bounty Hunters are roving the contract to claim $CVX bounties & making a killing doing it!🧵 @ConvexFinance 2 / First, all 9 of Terra's "withdrawals" were not initiated by Terra, but were the result of bounty calls!

@DefiMoon comments on the possible implications for Terra:
Dec 22, 2022 6 tweets 4 min read
🚨 Terra just withdrew their last remaining vote-locked $CVX, from a previous maximum balance of 2.3M.

They have been withdrawing since August as each batch unlocked. The last 567K $vlCVX was just withdrawn.

All 2.3M $CVX is sitting in their wallet...what will they do?! 🚨 2 / View Terra's full $vlCVX history on my @DuneAnalytics dashboard:
dune.com/defishaka/defi…
Jul 10, 2022 9 tweets 12 min read
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
Jul 9, 2022 5 tweets 4 min read
1 / I just created my first @DuneAnalytics dashboard! View the entire vote-locked $CVX lock, relock, and withdrawal history of any address. I haven't seen anything equivalent in the dashboards I've been using to track The CVX Unlockening. SQL first-timer!

dune.com/defishaka/vlcv… @DuneAnalytics 2 / For example, what has one of Tetranode's addresses been up to? Locked 1M $CVX in May, withdrew 6/30, and locked again 7/4.