What is a Liquidity Pool?

Liquidity pools typically take just two cryptocurrencies that are exchanged amongst each other, similar to how forex traders buy and sell currency pairs. For example, a trader can sell BitcoinBitcoin (BTC) to buy Ether (ETH) and vice versa from a BTC/ETH liquidity pool using an AMM.

What is Sushiswap?

SushiSwap is a software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets. Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal.

What is Thorswap?

THORswap is a multi-chain DEX aggregator built on THORChain's cross-chain liquidity protocol and the #1 interface for all THORChain services such as THORNames and Synthetic Assets.

What is the THOR Token?

THOR is the Native token of the Thorswap DEX and the stakers of the THOR token receve a portion of thorswaps revenue.

Methodology

In this dashboard we are going to look at the liquidity inflows and outflows of the new and old ETH/THOR pools. We are looking to see how many users have tranfered their liquidty to the new pool and what volume of liquidity was transfered. The data in this dashboard will come from the ethereum.core.fact_event_logs and the ethereum.core.fact_event_logs tables of Flipsides database.

Sections

1. New pool liquidity metrics
2. Old pool liquidty metrics

New pool liquidity metrics

Observations

• In total 200 users have deposited a net of 1.124 million USD woth of token into the new THOR/ETH SLP liquidity pool
• Out of the 6.8 Million deposited into this pool 5.66 million of the tokens were withdrawn
• In the first day of the pool being live there was a huge amount of depositors and deposits compared to the other days
• Since the beginning of may there has been very little activity in the pool and most of the activity has been withdrawing liquidity 

Old pool liquidty metrics

Observations

• In total 93 users have withdrawn 24.5K liquidity tokens from the old Liquidity contract
• In total 97.6 of the liquidity deposited into the old pool have been withdrawn
• There were never more than 10 liquidity withdraw events from the old pool each day
• December 10th 2021 and May 6th were the largest net withdrawls from the old contract 

Conclusion

• New Pool

  • In total 200 users have deposited a net of 1.124 million USD woth of token into the new THOR/ETH SLP liquidity pool
  • Out of the 6.8 Million deposited into this pool 5.66 million of the tokens were withdrawn
  • In the first day of the pool being live there was a huge amount of depositors and deposits compared to the other days
  • Since the beginning of may there has been very little activity in the pool and most of the activity has been withdrawing liquidity 

• Old Pool

  • In total 93 users have withdrawn 24.5K liquidity tokens from the old Liquidity contract
  • In total 97.6 of the liquidity deposited into the old pool have been withdrawn
  • There were never more than 10 liquidity withdraw events from the old pool each day
  • December 10th 2021 and May 6th were the largest net withdrawls from the old contract 

  
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