wETH & wBTC On- and Off- Ramps

    2.0.1 pool_join txns

    The chart below shows the daily volume of txns that goes int liquidity pools on Osmosis Frontier. The amount wETH joing pools in terms of transactions is overall, decreasing over time. wBTC shows no recognizeable patter, but it did spiked on May 22.

    1.0 Introduction

    On May 27th, there is an Osmosis governance proposal to increase liquidity incentive minimums for OSMO/wETH and OSMO/wBTC. The change in the incentives is as follows:

        - OSMO/WETH  -  4.9%  to 10%
        - OSMO/wBTC  -  5%    to  10%
    

    The voting ended on June 1st 2022 and was passed. We are going to study the impact of this proposal.

    Loading...

    2.1 Swaps txn Volume Daily

    The chart below shows the daily swaps txn volume with its direction from user wallet. There is an incline patteern after the vote pass. This shows that

    On the day the vote passes, we can see the volume of both assets shows a steady incline.

    On May 27th, there is a decline, after the vote passes, but not that significant and shows any negative/positive impacts

    Loading...
    Loading...

    2.0 Daily txns joining OSMO/wBTC and OSMO/wETH

    2.0.2 pool_exit txns

    The chart below shows the txns that exits the liquidity. It shows that only wETH has exit transactions , and does not show response from the proposal being passed

    3.0 Findings

    The study has ind that when the proposal pass, the re is a rising in daily pool_join transaction on Osmosis Frpontier. It doesnt show any impact on pool_exit. The volume of Daily swap txn also shows an incline trend after the governance pass.