Try Quests to earn crypto12. [Easy] Guzzling Gas
This dashboard looks at different metrics of users withdrawing liquidity from SushiSwap liquidity pools. SushiSwap is a hard fork of Uniswap, and is a decentralized exchange on the Ethereum network. The first metric looks at the daily gas fees paid by users withdrawing liquidity. The amount of fees has varied widely over time, and recently peaked on November 10th, 2021, where about $46,000 of fees were paid. Interestingly, the days where a higher amount of fees were paid do not usually coincide with a higher number of withdrawals, suggesting that large LP removals with high gas costs are the cause of most spikes in fees paid. The next metric looked at is the daily number of LP withdrawals. Besides a massive spike in the middle of September 2020, the number of removals has remained largely stable, at around 200 to 400 daily. This is a good sign for SushiSwap, as it means there have not been recent events that have cause liquidity providers to lose confidence in the protocol and remove LP en masse. This was not the case in September of 2020, when users made over 2000 withdrawals on a single day. This was due to a rug pull by SushiSwap's anonymous founder, Chef Nomi, causing users to panic. He later returned the money and continues to work with SushiSwap to this day. The last metric looked at in this dashboard is the daily average gas price versus the daily number of withdrawals. In general, it seems that gas price spikes cause a decrease in the number of LP withdrawals.