Burn the House Down

    Find the week that the largest volume of OSMO burning happened. What caused this event? Show some of the events that this burning had on the Osmosis ecosystem.

    Introduction

    What is Osmosis?

    Osmosis is a decentralized peer-to-peer blockchain that people can use to create liquidity and trade IBC enabled tokens. The Osmosis blockchain is made up of free, public, and open-source software.

    How does OSMO burn work?

    Whn users withdraw Liquidty from a pool a portion of their liquidty remains in the pool and is distributed to the LP provisers in the pool.

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    Methodology

    • We are going to look at the withdraw liquidity event from pool.

    • We are looking to see how ofen users are buring OSMO and what pools have the most OSMO burns.

    Osmosis Burn Metrics

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    Observation

    • The Number of OSMO Burns has been increaing since October of 2021

    • The ATOM/OSMO pool has the most OSMO burns genrally

    • In early may where UST depegged there was a large spike in OSMO burred

    Conclusion

    • The number of Users who burn OSMO mostly only do it once a day by withdrawing liquidity

    • The ATOM/OSMO pool has the most OSMO burns generally

    • In early may where UST depegged there was a large spike in OSMO burred

    • Nearly half of all OSMO Burn come from 3 pools