Introduction

Osmosis is a decentralized peer-to-peer blockchain using the Cosmos SDK. OSMO is the native token of OSMOSIS. Users can earn yield through OSMO staking or delegating voting power to validators. In addition to staking users can also use OSMO to add liquidity to LPs. Users can also trade OSMO by swapping for different available pairs. OSMO is also transferrable token implying than users can transfer the token to other wallets within the OSMOSIS network.

This dashboard focuses on unstaking action of users and examines what users do after doing unstake action on OSMOSIS.

Method, data and definitions

This dashboard focuses on five actions after unstaking action: Staking action, transfer, swap, add liquidity and (more) unstaking.

We pay attentions to immediate action after unstaking action and define it as any of five abovementioned actions a user do after an unstake action.

To structure the data, first, all action of each users has been orders by time and all actions immediately after an unstaking action of the same user have been considered.

Analysis

Descriptives

The graph below shows the daily number of staking/unstaking/redelegating actions over time.

As can bee seen staking reached its peak in March 2022. Since then it has been decreasing. The percentage f undelegation and redelegation has not changed over time significantly.

The graph next to this box shows how the amount of staking, unstaking and redelegation have changed over time.

We can see spikes in delegations and undelegations. Between January and April 2022 the amount of redelegations is considerable.

immediate action after unstaking

More than one third of unstakers swap their OSMO for other tokens as an immediate action after unstaking. 28% unstake more OSMO.

Only tiny share of unstaking actions leads to redelegation.

Graphs below shows how actions after unstaking has changed over time.

We can see that the dominance of swapping is decreasing while more unstaking is increasing.

Popular validators

As the data shows Frens is the most popular validators for immediate redelegation after unstacing action.

For redelegation after unstaking (not immediate; meaning that other actions e.g. swapping, transferring etc. can be done in between) Frens is the third most popular.