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    Gain or Lose

    Q10. Of the stakers that have swapped ETH to stETH, how much ETH did they gain or lose depending on the peg of stETH to ETH at the time of the swap? Repeat the same analysis for stakers who have swapped stETH to ETH; how much ETH did they gain or lose?

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    4. ETH -> stETH swap status distribution

    • Majority of the swap from ETH to stETH has resulted in a gain. A total percentage of 86.1%. It is the opposite of stETH -> ETH swap.

    • While only 13.9% having a loss from this way of swapping.

    • Only a 0.0201% having an equal value swap result.

    • Hence, it can prove that most of the time native ETH token price is higher than stETH.

    Approach

    In this dashboard, we are going to see the condition of swappers when they swap in stETH -> ETH // ETH -> stETH.

    Are they gaining more stETH/ETH thru swapping? Or just equal amount or losing some portion of their original amount.

    3. stETH -> ETH percentage of gain/loss

    The table above showing the gain/loss percentage of stETH -> ETH swap.

    Gain

    • Average swap will gain around 4.45% from stETH to ETH.

    • While the median gain record around 1.19% gain.

    Loss

    • Average stETH -> ETH has loss around -3%.

    • While the median for loss is around -2.4%.

    1. stETH -> ETH swap status distribution

    • Majority of the swap from stETH to ETH has resulted in a loss. A total percentage of 94% of swap transaction fall into this category.

    • While only 5.94% having a gain from this way of swapping.

    • Only a 0.06% having an equal value swap result.

    5. ETH -> stETH transaction count

    • There are 4282 swap transactions resulted in a gain

    • While only 691 transactions loss from this way swapping.

    • Only 1 transaction has equal amount done from such swapping transaction.

    2. stETH -> ETH transaction count

    • There are 7001 swap transactions resulted in a loss

    • While only 442 transactions gained from this way swapping.

    • Only 1 transaction has equal amount done from such swapping transaction.

    3. ETH -> stETH percentage of gain/loss

    The table above showing the gain/loss percentage of ETH -> stETH swap.

    Gain

    • Average swap will gain around 13.59B% from ETH to stETH.

    • While the median gain record around 2.13% gain.

    • The average is largely affected by the Ethereum token price volatility. Hence, it will have inaccurate data.

    Loss

    • Average ETH -> stETH has loss around -3.0624%.

    • While the median for loss is around -0.8956%.

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