Overview

Consider the liquid staking ETH derivates from ankr, rocket pool and lido(aETH , rETH and stETH ).

What are some trends around the price volatility for these tokens? Swap activity?

Introduction

Introduction to StakeWise

• Staking made simple. StakeWise is a liquid Ethereum 2.0 staking service that allows anyone to benefit from the yields available on the Beacon Chain. StakeWise runs secure and stable institutional-grade infrastructure, combined with unique tokenomics, to provide the highest possible staking yields for its users. As a liquid staking platform, users are free to un-stake at any time or utilise their staked ETH capital to earn enhanced yields throughout DeFi.

• There is no minimum ETH requirement to stake with StakeWise and the platform fees are the lowest seen across the industry.

  We welcome you to the latest iteration of StakeWise and hope that you make the most of our product to achieve your staking goals. This documentation will help you along the way [1]

introduction to Ankr

• ANKR is the Ankr platform's utility token. ANKR is an ERC-20 and BEP-20 token that can be used in both the Ethereum and BNB Smart Chain ecosystems. The ANKR token has a max supply of 10,000,000,000 and plays a core function in Ankr Protocol’s decentralized infrastructure marketplace:

  1. Ankr Protocol users pay for Premium services with ANKR.

  2. Independent node providers stake ANKR and serve traffic to earn ANKR rewards.

  3. Token holders can stake ANKR to help secure the protocol and share in the rewards.

  4. Pay ANKR for remote access to your own Ankr-run node.

  5. Use ANKR to vote with Ankr's governance mechanism.

     As such, ANKR can be used both as a utility token and a governance token within the Ankr network. ANKR is a payment method for all Ankr products and a crucial part of the Ankr Protocol for users, providers, and stakers. This makes ANKR more similar to PancakeSwap's CAKE than native cryptocurrencies with their own network like BTC or ETH.[2]

introduction to Rocket pool

• Rocket Pool is a first of its kind ETH2 Proof of Stake Protocol, designed to be community owned, decentralised, trustless and compatible with staking in Ethereum 2.0. It was first conceived in late 2016 and has since had over 5 successful public betas over the life span of ETH2 development.

  Rocket Pool is designed to cater to two main user groups; those that wish to participate in tokenised staking using rETH (opens new window)using as little as 0.01 ETH and those that wish to stake ETH and run a node in the network to help generate a higher ROI than staking outside of the protocol due to commissions earned.

• For more information on these two groups that make up the protocol, we'd highly recommend reading article one in our explainer series (opens new window)that goes into great detail on how users can participate, be it via tokenised staking or running a node in the protocol.

  The core premise behind a protocol is to ensure the network is not beholden to any one party. This is a principle directly linked to Ethereum and ETH2 itself, and a mindset used at every stage of the process as Rocket Pool has evolved.

• Rocket Pool strives to embody the core ethos of Ethereum and DeFi, specifically the non-custodial, trustless nature that allows self-sovereignty to truly thrive.

  This is why creating this base protocol layer for ETH2 staking is so important, especially with the vast majority of players either not having the technical skills to run a node, or the financial capacity to own 32 ETH. [4]

  introduction to Lido \n

• Lido is the leading liquid staking solution - providing a simple and secure way to earn interest on your digital assets. By staking with Lido your assets remain liquid and can be used across a range of DeFi applications, earning extra yield.

  1. Staking pool. Protocol to manage deposits, staking rewards, and withdrawals. A separate one for every supported network.
  2. st[token]. Unlike staked assets, the Lido st[token] are freely transferable instead of locked as in the case of native staking. Lido lets users operate with staked assets to gain yield on top of yield by leveraging collateral, lending, yield farming, and other kinds of Defi protocols.
  3. DAO. Lido liquid protocols management entity, responsible for picking node operators, configuring the protocol parameters and much more.

  > 📝 To dive into the details of governance design and implementation, proceed to DAO

  4. Node Operators. entities that manage a secure and stable infrastructure for running validator clients for the benefit of the protocols. They’re professional staking providers who can ensure the safety of funds belonging to the protocol users and correctness of validator operations.

  Ethereum is and remains a primary focus of Lido. That’s affected the organisational structure - the governance is implemented through ERC20 LDO token. Currently Lido supports several PoS networks - when staking native assets with Lido, users will receive a st[token], which represents their [token] which represents their deposit and the rewards aggregated over time (penalties too). The following networks are supported:

  > 📝 Protocols on different networks inherit the architecture of their respective networks. This means that the designs of Lido tokens can vary significantly. Also different protocols are maintained by different dev teams [5]

Method

• First, I needed some contracts

  '0xe95a203b1a91a908f9b9ce46459d101078c2c3cb', --Ankr Eth2 Reward Bearing Certificate (aETHc) '0xae78736cd615f374d3085123a210448e74fc6393', -- Rocket Pool ETH (rETH) '0xae7ab96520de3a18e5e111b5eaab095312d7fe84', -- Lido Staking Eth2 (stETH) '0xfe2e637202056d30016725477c5da089ab0a043a', -- StakeWise Staked ETH2 (sETH2) '0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2' -- WETH

To solve this question, I obtained the daily price of each token and then subtracted the price of Ethereum from the price of each token and divided the obtained difference by the price of Ethereum and multiplied by 100 to get the percentage difference between the price of each token and the price of Ethereum.

• In the aETHc token in the ethereum.core.ez_dex_swaps table, the volume of some swaps were raw values, in order to separate them and convert them to the real value, I divided the rows with a value greater than 10 to the power of 6 by 10 to the power of 18 to get the real value
• To get the price fluctuation of each token, I obtained the price of the token minus the previous day's price divided by the previous day's price multiplied by 100.

Please accept my apologies for my inappropriate accent and dialect

Chart & Analyze

observations

• The aETHc token has been below 10% in most days in terms of positive fluctuations (the price of the token is higher than the price of Ethereum). In other words, on most days, the price of aETHc token has been less than 10% higher than the price of Ethereum.

On 12-28-2020, it had the most positive fluctuation in 2020 On this day, the price of the aETHc token has increased by 8.6% over the price of Ethereum On 2021-05-16, it had the most positive fluctuation in 2021 and over time. On this day, the price of the aETHc token has increased by 32.2% over the price of Ethereum. On 2022-08-03, it had the most positive fluctuation in 2022 On this day, the price of the aETHc token has increased by 4.14% over the price of Ethereum

\

In terms of negative fluctuations (the price of the token becomes lower than the price of Ethereum), in this case the fluctuations are a little more severe and in the most cases it has gone up to 30%. In 2020, there was no negative fluctuation

On 2021-05-17, it had the most negative fluctuation in 2021 and over time. On this day, the price of the aETHc token is 31.1% lower than the price of Ethereum. On 2022-08-04, it had the most negative fluctuation in 2022 On this day, the price of the aETHc token is 3.8% lower than the price of Ethereum

\

The dollar volume of fluctuations in this token has mostly been below $1,000, except for May 2021, when it reached more than $1,000 below the price of Ethereum on May 11 and May 16.

observations

In terms of positive fluctuations (the price of the token becomes higher than the price of Ethereum), the stETH token fluctuated a little on most days and was below 3%. In other words, on most days, the price of the stETH token was less than 3% higher than the price of Ethereum.

On 12-30-2020, it had the most positive fluctuation in 2020 On this day, the price of the stETH token has increased by 1.6% over the price of Ethereum On 2021-09-08, it had the most positive fluctuation in 2021 and over time. On this day, the price of the stETH token has increased by 2.59% over the price of Ethereum. On 2022-05-13, it had the most positive fluctuation in 2022 On this day, the price of the stETH token has increased by 1.22% over the price of Ethereum.

In terms of negative fluctuations (the price of the token becomes lower than the price of Ethereum), in this case it has also acted like positive fluctuations, and the maximum fluctuations have gone to 2.43%.

On 12-28-2020, it had the most negative fluctuation in 2020. On this day, the price of the stETH token is 1% lower than the price of Ethereum. On 2021-01-31, it had the most negative fluctuation in 2021 and over time. On this day, the price of the stETH token is 2.43% lower than the price of Ethereum. On 2022-01-05, it had the most negative fluctuation in 2022 On this day, the price of the stETH token is 0.09% lower than the price of Ethereum

• The dollar volume of fluctuations in this token has mostly been below 80 dollars and it can be said that it has a close relationship with the price of Ethereum

observations

In terms of positive fluctuations (the price of the token is higher than the price of Ethereum), the rETH token fluctuated a little on some days and was below 2%. It has fluctuated negatively on most days. In other words, on some days, the price of the rETH token was less than 2% higher than the price of Ethereum.

On 11-29-2021, it had the most positive fluctuation in 2021 On this day, the price of the rETH token has increased by 0.09% over the price of Ethereum. On 01-23-2022, it had the most positive fluctuation in 2022 and over time. On this day, the price of the rETH token has increased by 1.94% over the price of Ethereum.

In terms of negative fluctuations (the price of the token becomes lower than the price of Ethereum), in this case it is seen on most days

On 2021-12-17, it had the most negative fluctuation in 2021 On this day, the price of the rETH token has decreased by 0.08% from the price of Ethereum. On 2022-03-10, it had the most negative fluctuation in 2022

On this day, the price of the rETH token is 2.02% lower than the price of Ethereum

• The dollar volume of fluctuations in this token has mostly been below $200 and the price of the token has been higher than Ethereum in most cases

observations

sETH2 token in terms of positive fluctuations (the price of the token is higher than the price of Ethereum) has been 15.4% in the highest state. In other words, on some days, the price of the sETH2 token was up to 15.4% higher than the price of Ethereum.

On 2021-08-07, it had the most positive fluctuation in 2021 On this day, the price of the sETH2 token has increased by 3.99% over the price of Ethereum.

On 02-25-2022, it had the most positive fluctuation in 2022 and over time. On this day, the price of the sETH2 token has increased by 15.47% over the price of Ethereum.

In terms of negative fluctuations (the price of the token becomes lower than the price of Ethereum), in this case, it was at most 7.7%.

On 09-23-2021, it had the most negative fluctuation in 2021 On this day, the price of sETH2 token has decreased by 4.84% from the price of Ethereum. On 02-24-2022, it had the most negative fluctuation in 2022 On this day, the price of the sETH2 token is 7.76% lower than the price of Ethereum

• The volume of dollar fluctuations in this token has mostly been below $100, except for February 2022, when the Ethereum price reached more than $100 in a few days.

Conclusion this section

1. aETHc
   • The highest positive fluctuation (the price of the token is higher than the price of Ethereum) was 32.2%.
   • The highest negative fluctuation (the price of the token becomes lower than the price of Ethereum) was 31.1%.
   • The dollar volume of fluctuations in this token has mostly been below $1,000, except for May 2021, when it reached more than $1,000 below the price of Ethereum on May 11 and May 16.
2. stETH
   • The highest positive fluctuation was 2.59%.
   • The highest negative fluctuation was 2.43%.
   • The dollar volume of fluctuations in this token has mostly been below 80 dollars and it can be said that it has a close relationship with the price of Ethereum
3. rETH
   • The highest positive fluctuation was 1.94%.
   • The highest negative fluctuation was 2.02%.
   • The dollar volume of fluctuations in this token has mostly been below $200 and the price of the token has been higher than Ethereum in most cases
4. sETH2
   • The highest positive fluctuation was 15.47%.
   • The highest negative fluctuation was 7.76%.
   • The volume of dollar fluctuations in this token has mostly been below $100, except for February 2022, when the Ethereum price reached more than $100 in a few days.

observations

It seems that the aETHc token was initially popular among other tokens and recorded a high number of purchase transactions, but over time, stETH became more popular and in addition to the number of purchase transactions, it also grew more in terms of transaction volume. compared to aETHc and other tokens.

Currently, more than 91% of the swap volume of these tokens is related to stETH, and less than 9% of other tokens have swap volume. In terms of the number of transactions, stETH has more than 55% of the total number of swaps, but aETHc also has a higher percentage than the other 2 tokens due to the high number of swaps.

observations

The number and volume of token sales also have almost the same statistics as the purchase swaps with the difference that the number of transactions registered for selling sETH2 token is less than buying it, and selling stETH token is more than buying that token

Swap activity

Conclusion

1. It seems that the stETH token has the lowest price difference with the daily price of Ethereum. This token fluctuates like other tokens, but it can almost be said that it is more stable than the others
2. Another theory that can be given is that when the price of ethereum is rising, the fluctuations of these tokens are less than the rest of the time, but when the price drops momentarily or decreases, the price of these tokens fluctuates greatly.
3. The most volatile token is the aETHc token, which has 30% fluctuations
4. In terms of swap activity, stETH token is more than other tokens in terms of swap volume and number of swaps.

Appendix

The solution of this question and the queries are completely used from the filipside database

The construction of the dashboard was also used from the site

app.flipsidecrypto.com/velocity, which belongs to flipside

Contact data

-> the writer : sajjadsmoke -> discord : smokeyPINE#5567

Thanks for reading !