Net $THOR Staked

    Q91. Since vTHOR and THOR Staking 2.0 was released in May, we’re interested in finding out more about how the community has embraced the staking rewards.

    Introduction

    For this Bounty, I will investigate how much the community has embraced the staking rewards provided by ThorChain. I will look into much $THOR has been staked in total (net amount), as well as what that amount looks like on a daily basis.

    $THOR Staked - net amount

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    We can see that a big amount of $THOR has been staked! However, we have to keep in mind that this is the inflow number, without the amount of $THOR that has been unstaked.

    Let's look into how this has been accumulated on a daily basis.

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    We can see here that the biggest interest in staking $THOR has been on the 4th of May 2022. The total amount staked on that day was 15.77M $THOR.

    By looking at the second graph, we can see how the overall trend of the amount staked behaves in comparison to the net amount staked. After the initial interest, the net amount staked seems to be slowly decreasing over time - this could be caused by the speculation in the crypto market and the interest rates still rising in many parts of the world, meaning that not as many users have the liquidity available to stake $THOR.

    Conclusion

    Even though the total amount of $THOR staked is quite large, it seems to me that users have slowly lost the excitement for staking it. The downward trend does not look very optimistic, however, it could be caused by different reasons such as a general fear due to a bear market - and once that is over, new users should onboard ThorChain and stake their $THOR there.