wETH incentives governance proposal

1. 13th May 2022 Reallocate half of the Incentives on OSMO/LUNA (#561) to OSMO/ETH (#704) & approve the pool for Osmosis incentives

Analysis Approach

This dashboard will analyzed the LPers of wBTC and wETH pools in response to the incentives governance proposal.

wBTC incentives governance proposal

1. 26 May 2022 Enable Superfluid Staking on OSMO/WBTC

2. 17th May 2022 WBTC Incentivised pool with Minimum Incentives of 5%

wBTC LPers change of position distribution

• Majority of the wBTC LPers has maintained the position in the liquidity pool. This category has taken up a percentage of 60.1%.

• Over 39.8% of the wBTC LPers has top up their LP position over the time.

• Meanwhile, only a tiny little of wBTC LPers with a percentage of 0.176% has decrease their LP position .

wETH LPers change of position distribution

• Majority of the wETH LPers has maintained the position in the liquidity pool. This category has taken up a percentage of 56.6%.

• Over 43.2% of the wETH LPers has top up their LP position over the time.

• Meanwhile, only a tiny little of wETH LPers with a percentage of 0.169% has decrease their LP position .

In wETH pool, we can observe that the percentage of LPers increase their position is higher than in wBTC pool.

Cumulative total deposits on wBTC pool over the time

• Over the time wBTC pool on Osmosis has increased.

• A surge is recorded between 21st to 26th May 2022.

• Around 140 wBTC is then deposited to the wBTC pool on Osmosis.

Cumulative total deposits on wETH pool over the time

• Over the time wETH pool on Osmosis has increased.

• There is a gradually increase in terms of total wETH deposited on wETH pool.

• Around 3.3k wETH is then deposited to the wETH pool on Osmosis.

Daily net deposit/withdrawal on wBTC pool

• There is a significant increase in net deposits starting from 21st May 2022 to 26th May 2022.

• However, during 28th to 31st May 2022 there is a net withdrawal recorded for wBTC pool.

• The magnitude of withdrawal is much lesser than the deposits power.

Daily net deposit/withdrawal on wETH pool

• Majority of the day having net positive amount of deposits on wETH pool.

• Since the increase of incentives for wETH pool, over 19 days wETH having net positive deposits on wETH pool.

• The peak amount of wETH deposited in a day has reached up to 700 wETH.

• Only 2 days having net total withdrawal which is 30th and 31st May 2021.

wETH LPers change of position over the time

• The chart below is showing wETH LPers change of position over the time.

• Majority of the LPers in wETH pool has increased their LP position around 15th May 2022

• In the same time, a lot of LPers are maintaining their original LP position as well.

wBTC LPers change of position over the time

• The chart below is showing LPers change of position over the time.

• Majority of the LPers in wBTC pool has increased their LP position during May 2022

• However, we also can see that minority of the LPers decrease their position in wBTC pool

Summary

• Incentives proposal on increasing the APY in both wETH and wBTC pools has positive impact on the LPers position on the pools.

• There is only minority of the LPers decrease their position and the amount can be ignore as it was too small.

• Both pools has increase in net deposits since the incentives proposal was passed.