Try Quests to earn cryptoETH Derivatives
Intoduction:
DezentralizedFinance is very excited about the Staking economy and the upcoming Liquid Staking Service Providers. Liquid Staking brings a lot of advantages. We believe that Liquid Staking Platforms will show the next evolution of the Staking ecosystem.
-
Liquid Staking is the next step in the evolution of the Proof of Stake market. Users can earn passive income by staking their tokens. \n The returns can be higher than in the traditional financial system depending on the staking protocol and the current market situation. We have seen yields up to 20% in the year 2021.
-
Liquid Staking brings flexibility and liquidity to the staked tokens.
-
First you deposit your Ether via a third-party application into a Ethereum smart contract (also called deposit contract). \n Second you will receive in return an issued tokenized version of your tokens – a sort of derivative (also called wrapped token). \n Third, this wrapped token represents your ETH, and it can be transferred, stored, spent, or traded as any liquid token.
-
You can also use this wrapped token for DeFi applications as collateral, to lend, borrow or to provide liquidity. Everything is possible while you are still earning your Ethereum staking rewards. That means you can earn staking rewards and DeFi rewards on top. You can unstake your derivative token at any time through the use of stETH-ETH liquidity pools.
[1]
Method:
In this dasboard I used 4 sections:
1-Staked ETH amounts
this dection include general informations about 3 ETH derivatives:
1-Amount of ETH was staked by stakers in different Staking Services
2-Amount of ETH staked in different Staking Services by day since 2022
3-Cumulative amount of ETH staked in Staking Services since 2022
4-Average ETH staked by stakers
2-Correlations of ETH derivates Peg
this section has some data about correlations between price of tokens and and some other thigs include:
1-ETH price VS total ETH staked in 3 services since 2022
2-stETH peg to ETH vs total ETH staked in Lido since 2022
3-rETH peg to ETH vs total ETH staked in rocketpool since 2022
4-aETH peg to ETH vs total ETH staked in ankr since 2022
5-comparison between 3 ETH derivates peg
3-ETH derivates volatility
this section include data about volatility of derivates:
1-stETH volatility Vs ETH volatility since 2022
2-aETH volatility Vs ETH volatility since 2022
3-rETH volatility VS ETH volatility since 2022
4- 3 ETH derivates volatility over time
4-Swap activity
this section include swap activity data of 3 tokens:
1-swap numbers from ETH derivates over time
2-Swap numbers from ETH derivates
3-Swap numbers to ETH derivates over time
4-Total Swap numbers to ETH derivates
5-stETH Swap activity and peg to ETH
6-aETH Swap activity and peg to ETH
7-rETH Swap activity and peg to ETH
8-Swap volume from ETH derivates over time since 2022
9-Total Swap volume from ETH derivates
10-Swap volume to ETH derivates over time since 2022
11-Total swap volume to ETH derivates \n
\n \n \n
To assess volatility of 3 derivates I showed volatility of these assets over time.
According to charts we can see 3 ETH derivates volatility vs ETH over time and there is strong correlation between volatility of ETH and volatility of these 3 tokens.but the derivates are much more volatile than ETH.
also It is obvious that stETH price is much more volatile than 2 others and the second volatile asset is aETH and the least volatile one is rETH.
It is clear that Lido is the biggest staking service and most of ETHs staked in Lido.
but the amount of ETH staked in the 3 staking prividers dropped since May 2022 .
Total number of stakers over time is not decreased as much as volume of ETHs staked over time.and it is obvious that Lido has the much more users than other providers.
also the average amount of ETh staked by users in each transactions in lido is 31 ETH and ankr is 24 ETH and Rocket pool is 11 ETH
We can see that there is a strong correlation between the amount of ETH staked and ETH price.
dropping ETH price leads to droppig staked ETH.
and alsoo the peg of stETH to ETH collapesd in May 2022 and also the amount of ETH staked in Lido dropped after that.
rETH peg to ETH is so volatile over time and there is no correlation between the amount of ETH staked in Rocketpooland rETH price.
In Ankr the peg of aETH to ETH had a good performance over time and also there is no correlation between the amount of staked ETH in Ankr and aETH peg to ETH
It is clear that rETH is so volatile over time .
aETH had the best performance .
stETH had the good performance until May 2022 and after that the peg to ETH collapesd. and it did not come back to It’s normal peg
Well, It is clear that stETH has the most number of swaps to other tokens.
the next most swapped token is rETH and the last one is aETH.
and we can see that over time the number of swaps from these tokens increased and in some points we have huge number of swaps
The swaps from othe tokens to these 3 derivates increased over time but the trend of this increase is less than swaps from derivates.and it is obvious that stETH has the most swaps to this derivate
Conclusion:
1-It is clear that Lido is the biggest staking service and most of ETHs staked in Lido.but the amount of ETH staked in the 3 staking prividers dropped since May 2022 .
2-Total number of stakers over time is not decreased as much as volume of ETHs staked over time.and it is obvious that Lido has the much more users than other providers. also the average amount of ETh staked by users in each transactions in lido is 31 ETH and ankr is 24 ETH and Rocket pool is 11 ETH
3-there is a strong correlation between the amount of ETH staked and ETH price.dropping ETH price leads to droppig staked ETH. and alsoo the peg of stETH to ETH collapesd in May 2022 and also the amount of ETH staked in Lido dropped after that.
4-rETH peg to ETH is so volatile over time and there is no correlation between the amount of ETH staked in Rocketpooland rETH price.In Ankr the peg of aETH to ETH had a good performance over time and also there is no correlation between the amount of staked ETH in Ankr and aETH peg to ETH
5-It is clear that rETH is so volatile over time .aETH had the best performance .stETH had the good performance until May 2022 and after that the peg to ETH collapesd. and it did not come back to It’s normal peg
6-According to charts we can see 3 ETH derivates volatility vs ETH over time and there is strong correlation between volatility of ETH and volatility of these 3 tokens.but the derivates are much more volatile than ETH.also It is obvious that stETH price is much more volatile than 2 others and the second volatile asset is aETH and the least volatile one is rETH.
7-Well, It is clear that stETH has the most number of swaps to other tokens.the next most swapped token is rETH and the last one is aETH.and we can see that over time the number of swaps from these tokens increased and in some points we have huge number of swaps
8-The swaps from othe tokens to these 3 derivates increased over time but the trend of this increase is less than swaps from derivates.and it is obvious that stETH has the most swaps to this derivate
9-There is a strong correlation between the number of swaps and stETH pegs.when the number of swaps increased the peg collapsed.
10-There is no correlation between aETH swaps and aETH peg to ETH over time.
11-Also There is no correlation between rETH swaps and rETH peg to ETH over time.
[1] :
There is a strong correlation between the number of swaps and stETH pegs.
when the number of swaps increased the peg collapsed.
There is no correlation between aETH swaps and aETH peg to ETH over time.
There is no correlation between rETH swaps and rETH peg to ETH over time.