2.0 Result

The chart shown on the above visualize the number of Wallet claiming ANC rewards by day. The 1497 wallet claims where the highest during the early days of Anchor deployment. The minimum was on Jan 14th with only 2 claims by users on that day.

2.1 ANC reward claimed: Whats their Staking psoition?

The below bar chart visualize the ANC usage by reward claimers.

It shows that 4855 users has acquired extra ANC token on top of their ANC reward claim to stake on Anchor Governance. 2812 users uses solely their ANC rewards to stake.

This data is acquired by measuring the ANC staked in Anchor governance divided by ANC rewards that is claimed. The table will be provided in the end of this paper

2.2 ANC reward claimed: What their ANC-UST position?

The below bar chart shows the LP position of ANC reward claimer.

the majority of 6479 ANC claimer added extra ANC to provide LP. Only 918 wallet has use less than the reward claimed to provide LP.

3.0 Conclusion

Despite there are hundred (almost 1000 per day) of ANC claimers per day, there are only few who provided ANC-UST LP and staked their ANC tokens. There are even less who acquired ANC tokens to increase their position on Anchor Protocol.

This may due to ANC tokens are dumped to get UST or LUNA.

2.3 Table

The table below shows the data represented by the charts. Focusing on Staking_position and Lp_position column, we are trying to show that when this metric is larger than 1, it means extra ANC tokens are invested in the investment position.

If the metrics is less than 1, we can assume they either dump the ANC tokens or use solely the claimed ANC tokens to put in these investment position

1.0 Introduction

ANC tokens are tokens that are given out for those who participated in Anchors borrowing, ANC Governance Staking, and Provide LP in the ANC-UST pool. ANC tokens are used in governance, that is voting. We are going to study what are the Terra users treatment towards these ANC rewards after they are claimed