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    IBC chains staking actions: Sei vs others

    Comparing $SEI staking actions with $OSMO, $AXL and $LUNA

    What is staking in IBC chains?

    In the dynamic world of digital assets, staking has emerged as a common term for those involved in the crypto ecosystem. But what does staking mean?

    Staking can be visualized as securing the operation of a “proof of stake” blockchain, such as Sei. This commitment helps maintain the network's integrity and functionality. In return, stakers are compensated for their role.

    As the digital landscape evolves, staking on IBC chains offers an opportunity to be an active participant in the blockchain revolution. It's not just about holding tokens; it's about actively contributing to and ensuring the security of a groundbreaking blockchain. (source)

    Intro

    Whats is IBC?

    IBC protocol allows communication between two or more blockchain networks by communicating with and connecting different servers.

    IBC enables the creation of an interchain account that will be the same across all blockchain networks that support it. This connection enables you to stake, trade, or participate in DeFi protocols across multiple blockchain networks from a single location.

    All blockchain networks connected to IBC have a Tendermint core. Together with the Cosmos SDK, these are the building blocks of the network. With the same foundation, these blockchain networks can communicate easily, as the IBC takes data from one blockchain, wraps it, and unpacks it on the other blockchain in the correct format. This communication is possible despite different programming languages, due to the same core. (Source)

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    In this dashboard, we'll track staking activites in 4 chains that use IBC technology: Sei, Osmosis, Axelar and Terra, but at first, let's get familair with our topic more:

    Methods

    First we'll track staking/unstaking actions using sei.gov.fact_staking, axelar.gov.fact_staking, osmosis.gov.fact_staking and terra.defi.ez_staking tabels

    and then track stakers activity in each chain and compare them together.

    Note: The timeframe of our analysis begins from 15 August 2023, the date of Sei's mainnet launch.