The Question

Define what liquid staking is in your words, and evaluate the different liquidity staking options based on three different metrics of your choice.

\n Approach

Liquid staking is the action which users deposit their asset (in this case $Matic) in some platforms and mint the platform’s special token ( in this case xMatic,stMatic and csMatic). the depositors get rewards and APY based on the platform and the time they keep their asset in the platform.they can also use their tokens to do other actions like interacting with defi and dex protocols.

ClayStack Staked MATIC (csMatic )-- 0x7ed6390f38d554B8518eF30B925b46972E768AF8

Lido Staked Matic (stMATIC) -- 0x3A58a54C066FdC0f2D55FC9C89F0415C92eBf3C4

Super MATIC (MATICx) -- 0x3aD736904E9e65189c3000c7DD2c8AC8bB7cD4e3 (xMatic)

Metrics

• weekly/cumulative/total amount staked by tokens (xMatic,stMatic and csMatic)
• weekly/cumulative/total unique staker count by tokens
• weekly/cumulative/total stake actions count by token
• amount per tx per token
• amount per waller per token
• weekly/cumulative/total transfer amount by token
• weekly/cumulative/total transfer count by token
• weekly/cumulative/total users by token

Findings and conclusion - part 1 :

• Based on the results, it can be seen that, stMatic were more popular than the other two.Its overall staked amount is 53M vs 1.3M and 1.2 M .
• in terms of number of stakers, xMAtic is ranked first by 13.3K stakers. xMatic had 256 stakers and csMatic has 33. so, the whale impact is totally visible in stMatic , because, the average amount oer wallet is 220K ! , against 93 for xMatic and 42k for csMatic!

USE Cases

• Looking at the results, users use their MaticX , for interacting with Defi protocols and in Superfluid : host is the most popular Defi platform to get xMAtics from users
• In terms of stMatic, users interact with Dex platforms in most of the cases and Quick swap and Kyberswap router are the two most popular platforms to interact with among in stMatic holders.
• In terms of csMatic, users prefer to interact with Dex as well, and Quick swap and Metamask swap router are the two most popular platforms to interact with among in csMatic holders.

Transfers

As can be seen from the charts,stMatic is ranked first in all transfer metrics like transfer amount and transfer count and also users doing transfer.

> I excluded the transfers related to minting these tokens in my SQL using from_address not LIKE '0x0000000000000000000000000000000000000000'