Try Quests to earn cryptoWETH/THOR Pool
ThorSwap just recently partnered with Sushiswap to create an Onsen farm for ETH-THOR LP providers to stake their liquidity to earn extra rewards. Previously ThorSwap offered their own contract for the same purpose but this switch allows for higher rewards as well as lower slippage for the users.
Method
For solving this question i analyzed depositors and withdrawers in the old contract and the new contract. I used ==Ethereum.core== tables from flipsidecrypto data and used this specific table “==ethereum.core.fact_event_logs==” to gather all the data that i wanted.
For getting this pool data i used 2 contracts, the new one and the old one.
Old Contract: 0xae1fc3947ee83aeb3b7fec237bcc1d194c88bc24
New Contract: 0xef0881ec094552b2e128cf945ef17a6752b4ec5d
For finding deposit stats i used ==“event_name”== column like this event_name = ‘Deposit‘ and did the same thing for withdraw but this time i used event_name = ‘Withdraw‘
All the data that i analyzed and you are going to see is over time and I did not use any specific time range
Introduction
SushiSwap is a decentralized exchange (DEX) using the ethereum blockchain. It provides an alternative to liquidity provider (LP) tokens exchange. Using the Automated Market Maker (AMM) protocol, SushiSwap is enabled by “smart contracts,” allowing users to buy and sell through Sushi DeFi and decentralized exchanges.
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THORswap is a multi-chain DEX aggregator built on THORChain's cross-chain liquidity protocol and the #1 interface for all THORChain services such as THORNames and Synthetic Assets.
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Onsen is a 'menu' of cryptocurrency yield farming pairs. It's a great way to earn yield on idle tokens you've been hodling. We offer yield farming rewards in $SUSHI tokens for liquidity providers who decide to farm their liquidity.
more info
Observations
- November 2021, the month that old contract launched had the highest volume,users and transactions all together
- After November 2021 all the stats that we are seeing in the charts above dropped massively and the hype got shot down
- In November Deposits is much more than withdrawals but in other months withdrawals is more than deposits in all stats
- It looks like after that 2022 began, this pool didnt get any interact that much comparing to its previous months
- I think the users who deposited in November 2021, withdrawd in December and because of the number of withdrawals is more than deposits in december comparing to november
Observations
- At first when the new contract launched in july 2022, it had a hype and recorded its highest stats like highest number of transactions or highest volume and then it dropped in months after that
- The new contract stats got a down trend and decreased every month
- In this 3 months that this contract is working, it recorded almost 320M Volume and 50K Transactions
- September is not over yet but i think this month will record stats less than previous months
- Pool is slowly losing its popularity over time
- In the first 2 months deposits are more than withdrawals but in September its not like past
Conclusion
- Both old and new contracts recorded their highest volume and number of users and number of transactions in their first month or the month that they launched
- November 2021 and July 2022 were good months for WETH/THOR Pool
- Highest number of transactions of old contract was in November 2021 with 126 deposits and 28 withdrawals, highest volume and number of users were in November too
- This pool is getting less popular day by day
- The switch of contracts made more rewards for users and less slippage but it didnt satisfy users enough
- This partnership could be profitable for both of them if they do the advertisement and other stuff that related correctly