Introduction

Using Lido, you may participate in Ethereum community staking. As long as you're willing to put up your staked ether, you'll get back exactly what you've put up (stETH). It is expected that the value of stETH accrued would be updated daily.

You can swap for other coins on decentralized platforms like Curve or Uniswap, but you can't get your money back in Ether.

Method

In this dashboard I trying to looking at:

• Daily volume of stETH?
• Average stake size?
• Number of stakers over time?
• Average time staked?
• Staking/unstaking per day?

And for this I used ethereum.core.fact_event_logs table by filter of origin_to_address = '0xae7ab96520de3a18e5e111b5eaab095312d7fe84' to calculate the asked metrics.

So let's take a glance at the findings.

Analysis

Observation

Between January and July 2021, there were only a few ETH stakers, and the price of ETH fluctuated sporadically.

A large majority of ETH staked in Lido was significantly below 1k on most days between January and July 2021. The spikes in ETH staked on the bar chart show notable exceptions. There were fewer than 100 stakers per day on average.

Overview

• According to the above chart, the average stake size over time on Feb 1st, 2022 was more than 6.2k.

Discord: 0xHaM☰d#8391

• When the data was being analyzed, a significant proportion of addresses still had stETH, in contrast to the addresses that had unstaked their ETH.

As of following chart, the average and median number of days of holdings were determined for each of the tiers based on the data collected. Users who had previously obtained larger amounts of stETH from their stakes kept such stakes for a longer period of time on average.

• The median number of days that a position was held was less than the average number of days across all tiers.

• As of the above chart, it's observable that since May 2021, the count of stakers over time has significantly increased to date. and it was in the top three days in peak on January 23rd, February 11th, and May 13th, 2022.

• According to the above chart cumulative growth of stETH Stakers and daily new stakers over time are in an upward trend.

An average of 244.9 ETH has been staked per day since Lido's debut.

Following table

In the following table, the metrics that have been assessed in this dashboard are shown in total. 

• A proxy for holding time was established by looking at the stETH balances. This measure should be treated with a grain of salt because of the uncertainty.

According to the total volume of stETH received by each address, the following tiers were created: tier 1, tier 2, and tier 3.

1 to 10 StETH: Shrimp, stETH: 10 to 100 stTH, 100 to a thousand stETH, more than 1k stETH for whales

• In the following PIE graph the count and percentage shares of stETH's distributed amongst this tiers are shown.

Lesson Learned

• Stakeholders of ETH now have access to a lucrative opportunity thanks to Lido's stETH token. Investors will not only be able to earn yield by staking their ETH, but they will also be able to gain a token (stETH) that can be used within the DEFI universe. Since the middle of August, there has been a discernible uptick in the number of people betting on Lido. The amount of time that is often bet is not very long.