Top Lido Stakers

    In this article, You will read about the top Staker on the Lido platform. We want U to identify the top stakers using Lido and Do research on these addresses. Then I would dig these addresses to find out are they using a mix of off and on-chain data.

    All data in this presentation is from January 1st, 2022 on the Ethereum network.

    What will you read?

    What is Lido?

    Lido is a liquid staking solution for ETH 2.0 backed by industry-leading staking providers. Lido lets users stake their ETH - without locking assets or maintaining infrastructure - whilst participating in on-chain activities, e.g. lending.

    Lido stake overview

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    TOP LIDO STAKER

    Method

    To answer the first part of this question, I should find the total ETH per user. So I used ethereum_core.fact_event_logs table and parsed amount as ETH amount which submitted to Lido address (0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84) since 2022-01-01.

    To understand Lido's top staker better, I draw a series of charts to show a quick summary of Lido.

    • Daily total number of stake

    • Daily total ETH and Average ETH staked

    • Total number of unique stakers

    In the below chart, You can see the top lido staker based on total staked ETH from 2022-01-01 until May 2nd, 2022. The result is sorted by highest to lowest amount.

    • As you can see, The first place staked more than 309K ETH in 688 stakes with an average of 449 ETH each time.

    • The second place is half of the first place. During these four months, The second wallet had about 160K ETH staked in 15 stakes with an average of 10K each time.

    • The third wallet staked 86K ETH in 18 stakes with an average of 4K.

    The result continues to the lowest amount of staked ETH on Lido.

    The chart below shows the top 10 stakers on Lido based on total staked ETH since 2022-01-01.

    The first place has a huge difference in comparison to others. Only two wallet stakes are above 100K and the others are below 100K ETH.

    The below chart shows the top 10 total staked ETh Vs. The average amount of staked ETH since 2022-01-01. There was a massive trend on March 15th, 2002 with about 170K ETH staked. Also, On May 2nd total Staked ETH of the top 10 Lido stakers increased. The first Lido top staker has a huge part in both trends.

    The below chart shows the top 10 lido staker activities based on the Daily number of stakes. About three of them staked every day since the first month of 2022.

    According to the below donut chart, The first wallet has 32% of staked ETH share on Lido. The second has about 16.5% of the shares. These two wallets together have half of the Lido-staked ETH share.

    Off chain-data

    Let's look at the Top 3 Lido staker wallets.

    It seems the first top Lido staker is a silent whale. There isn't any data in its wallet.

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    The second top Lido staker has more than 280K in its wallet right now. it seems besides Lido, The wallet is interested in Aave interest bearing UNI.

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    The third one is an active whale. This wallet had More than 18K transactions.

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    Thank you for reading!

    Written by Hess

    where

    discord_id: hess#0890