Introduction

Sushi-bar is a pool of sushi tokens that are generated by the sale of liquidity pool token that have been earned from transaction fees on normal sushi pools.

xSushi

xSUSHI is a token, similar to our SLP tokens, that you receive in exchange for staking SUSHI tokens in the SushiBar. While holding the token, it will appreciate in value, as fees from our exchange platform are "served to the SushiBar." When users make trades on the SushiSwap exchange a 0.3% fee is charged. 0.05% of this fee is added to the SushiBar pool in the form of LP tokens. When the rewards contract is called (minimum once per day) all the LP tokens are sold for Sushi (on SushiSwap Exchange). The newly purchased Sushi is then divided up proportionally between all of the xSUSHI holders in the pool, meaning their xSUSHI is now worth more SUSHI.

Given question

Draw charts showing sushi tokens transferred to the Sushibar. Do it at different frequencies and describe the trends if any.

Methodology

Steps followed are

1. Filter out all transactions involved with sushibar using the address ='0x8798249c2e607446efb7ad49ec89dd1865ff4272'
2. When sushi tokens are staked in sushibar, xSushi get minted.
3. Identify minted xSushi by using from address where it is 0x0000000000000000000000000000000000000000
4. sum them over different time periods to identify any trends

xSUSHI minted

We first look at how many xSUSHI have been minted till date

It appears that a majority of the xSushi was minted between November 2020 and March 2021. The maximum number of xSushi minted is 37 Million xSushi on November 7 2020.

Minted in different time intervals

We look at three different time intervals.

1. Weekday
2. Hourly

In the graph, 0 - Sunday, 6- Saturday. It appears that more sushi is staked on weekdays rather than weekends.

The active hours are 0-3 AM and the less active hours are 5 Am-12 PM.

Summary

Summing all the observations into points

1. Majority of the xSushi stacked happened between November 2020 and march 2021.
2. Weekdays are when a lot of xSushi is staked.
3. The active hours are 0-3 AM and the less active hours are 5 Am-12 PM.