Date: 2022-05-23

Methods

• In this analysis I investigate the amount of net staked $THOR
• Query data from ethereum.events_emitted and filter by 'to address' = 0x815C23eCA83261b6Ec689b60Cc4a58b54BC24D8D
• All data is from between May 4th, 2022 and May 23th, 2022

Overview

What is THORChain?

THORChain is a blockchain, based on Cosmos and Tendermint. It offers native swapping of assets between blockchains.

What is $THOR Staking 2.0 / $vTHOR?

The new $THOR Staking 2.0 and $vTHOR launched on May 4th. $vTHOR offers new staking rewards, auto-compounding, trading discounts and more.

$THOR Staking 2.0 / $vTHOR

Analysis

This analysis was created on 2022–05–23 for a bounty at Flipside Crypto by piper to answer the following questions:

THORChain - Net $THOR Staked: Q91. Since vTHOR and THOR Staking 2.0 was released in May, we’re interested in finding out more about how the community has embraced the staking rewards. Show the net amount of $THOR staked over time.You will need to calculate the net amount staked + unstaked to get the net amount.

All data used are from Flipside Crypto. Flipside Crypto

Thanks for reading!

Conclusion

• The number of net total staked $THOR is 32.2 Million until today.
• Strong interest in staking in the first two days.
• Not much withdraws in total.

$THOR Staking numbers

The chart above shows all $THOR deposited to $THOR staking 2.0. It is visible that most $THOR was deposited on the first two days!

This chart shows the withdraws of $THOR, starting at the second day, but in total the withdraws are not that high.

This chart shows the net staked $THOR since May 4th! Strong beginning and than a strong decrease of interest. On some days the withdraws where higher then the deposits.