Activity after re-enabling pools

    Q98. There is currently a proposal on THORChain to keep trading on Terra assets disabled and use the remaining RUNE in the pools to support actors within the THORChain ecosystem that have been impacted by the Terra collapse. The idea behind this proposal is that if trading were re-enabled on Terra assets, most of the RUNE would be scooped up by bots and sold for other assets. We are curious in exploring that hypothesis. Take a look back at when THORChain was halted from November 11, 2021 to November 18, 2021. When trading was re-enabled, what did it look like? How quickly did prices on THORChain reflect the true values? (Since trading was halted, prices were stuck at the values they were at before the chain was halted). Did it seem like mostly bot activity? Did those bots then sell off any $RUNE they got from their swaps?

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    The chart below compares the swap dollar volume 8 days before the swap break with the 8 days after activation on a daily basis by pools.

    The chart below compares the unique swap wallets 8 days before the swap break with the 8 days after activation on a daily basis by pools.

    The chart below compares asset prices 8 days before the swap break with 8 days after activation on a daily basis by pools.

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    The chart below shows the percentage of bot activity before the swaps stopped, which was about 76% of the bot activity.

    Note: In this case, the bot refers to a wallet that has done more than 100 swaps a day.
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    The chart below shows the percentage of bot activity after the swaps stopped, which was about 76% of the bot activity.

    Note: In this case, the bot refers to a wallet that has done more than 100 swaps a day.
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    The chart below shows the dollar percentage of bots sold, and about 46% of bots have sold their dollar revenue after activation.

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    Conclusion:

    In this dashboard, we examined the Activity after re-enabling pools, and based on this, it seems that the swap trend has decreased compared to 8 days before deactivation, and we see this issue in the swap volume chart, as well as in terms of the number of bags. Money can also be seen in this issue and in the price chart we see a drop in asset prices, after the activation of the swap, and gradually after 8 days after activation, it seems that prices can return to their previous trend and in this Checking any wallet that has done 100 or more swaps per day is considered a bot, and accordingly, 76% of swaps before swaps were related to bots and about 85% of swaps were after. Swap activation has belonged to the bots and we are seeing an increase in the activity of the bots, and it also seems that the bots have sold more than 46% of their dollar revenue from the swaps during this interruption.

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