Terra Aftermath on THOR

ThorChain had TERRA.LUNA and TERRA.UST native pairs activated up until and a little bit after the attack. Let's look at what the people that added liquidity for either of these two pairs did post the attack.

First, let's look at what action they took on May 9th and later.

We can see that in fact, the majority of the users removed liquidity and probably moved on. The majority of them remove liquidity very late at a massive loss. There are two main spikes, one on the 20th May, dissipating over the next few days, and one on June 15-16th.

Before we look at what users removed from and what they added to (if they did), let's first look at the unique users that have added liquidity up to and before the attack, which of these users have even interacted so far, post the attack, to either remove or add liquidity and what % of them haven't.

Approximately ~87.7% of the users that have ever added liquidity to either of the pairs before the attack has in fact interacted with their positions post-attack. But that leaves...

That leaves ~12.3% of users that did not interact with their lp positions and, potentially, watched them go to zero. This is no laughing matter as there are a lot of people that do not know much about what they're doing in general and also some of them have taken their lives.

I hope this 12.3% amounts for very little, per user, in added liquidity than the rest, ~87.7% and that the users did not even bother to pull out of their LPs as it was not worth it to even pay the fee to remove.

Moving On

Let's now look at what users did, from the ones that at least have taken an action up until now.

As expected a lot of users pulled out of the two pairs post the attack. What is interesting to see here is that the majority of the LP-ers were on TERRA.UST, but this is expected as I believe the yield was higher. Also what is interesting is that we can see other pools that these users might have also gotten into ever since getting a remove action, either it is to de-risk right after the event or a few days/week(s) later, it's interesting to see that a lot of people also held a BTC and ETH to RUNE pair and that they're leaving their positions to hold the principal assets (potentially).

Some folks also added liquidity post the collapse. We can see that a lot of users got into the BUSD - RUNE pair that offers the highest APY still on ThorSwap. The second-largest add action is with BTC - RUNE pair to add liquidity, but what we can see also is that there's a remove action that amounts to a significant % of the pie of the remove actions as well, so it could be that some users got into these different pools, including ETH and others within the next few days, but then exited them again as they wanted to hold the principal assets rather than RUNE in a market downturn.

Summary

What we see is that about ~87.7% or around 4.5k+ people have taken action and have added or removed liquidity post the collapse, in contrast with ~ 1k+ people that have not interacted with their lp positions ever since the collapse.