Have staking rewards impacted the amount of $RUNE bonded or in LPs?

Chart an analysis on Staking 2.0’s effect on the pendulum incentive. What’s been the impact on the flow of funds into staking from LPs or bonded $RUNE, (have users been swapping from $RUNE to $THOR and staking?), and how that might be affecting the ratio of capital in LPs vs in bonds.

Introduction

What is Thorchain?

Thorchain, which is built on the Cosmos blockchain, is a decentralized liquidity protocol that specializes in cross-chain connectivity, allowing traders to swap tokens between different networks. The native token of the Thorchain blockchian is RUNE.

What ThorSwap Staking 2.0?

75% of revenues of Thorswap will accrue back to $vTHOR holders in the form of $THOR rewards. V2 Staking features automatic compounding - you no longer need to repeatedly claim and re-deposit. Your staking position will receive daily rewards and auto-compound without any user action.

Methodology

We will look at the bonding and liquidity earnings pendulum incentives.
We will look at users swapping from RUNE to THOR.
We are looking to see how Staking 2.0 is effecting the the incentives of the network.

Observations

Genrally the Rewards of LPers and Bonders have been increasing, and most of the time the LPers are earning more than the network bonders.
as of the release of stakinf 2.0 the rewards that are going to bonders have been increasing compaired to liquidity providers nd now the almost earn the same amount.

Conclusion

Out of the nearly 1,000 THOR stakers less than 50 of them are not providing liquidity to Thorchain.
In the first few days of Thor staking being live more non THORchain lp were staking THOR.
As of the release of staking 2.0 the rewards that are going to bonders have been increasing compared to liquidity providers and now the almost earn the same amount.
it is possible that the lower LP reward for Thoorchain Lpers could have made many LPers to stake THOR.

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