Try Quests to earn cryptostEVMOS/EVMOS pool 922
Stride recently launched the stEVMOS token. This has led to the launch of a new LP pool on Osmosis, the stEVMOS/EVMOS pool (#922). The intention of this dashboard is to track its impact on Osmosis and to EVMOS activity on the ecosystem.
Introduction
Stride is a blockchain ("zone") that provides liquidity for staked assets on Cosmos Ecosystem. Using Stride, users can earn both staking and DeFi yields across the Cosmos IBC ecosystem 1.
Furthermore, users can liquid stake their tokens on any Cosmos chain using Stride (a sovereign zone). Currently, Stride supports liquid staking for: Cosmos Hub (stATOM), Osmosis (stOSMO), Juno (stJUNO) and Stargaze (stSTARS).
Stride recently launched the stEVMOS token, allowing users to mint stEVMOS from EVMOS tokens. This has led to the launch of a new LP pool on Osmosis, the stEVMOS/EVMOS pool (#922), providing even more opportunities for users to earn rewards and provide liquidity.
Methods
The idea behind this chart is to analyze how EVMOS and its corresponding stEVMOS have been used on Osmosis over this time, by analyzing several metrics over time in a hourly basis.
To do a good comprehensive analysis, I have analyzed not only the EVMOS and stEVMOS usage but also the stEVMOS/EVMOS pool 922 behavior.
The main metrics analyzed are:
- EVMOS vs stEVMOS swapping activity and comparison against native Avalanche chain
- EVMOS vs stEVMOS transfer activity and comparison against native Avalanche chain
- stEVMOS/EVMOS pool analysis
EVMOS and stEVMOS swapping activity on Osmosis has been growing since late February. Hourly swaps of EVMOS have been steadily increasing, reaching an all-time high in recent hours. However, more EVMOS are being swapped than acquired, while stEVMOS has been less used but has more acquisitions than swaps to other assets.
Looking at swappers' activity, we can see something similar. EVMOS has seen an increased number of users swapping to it, while stEVMOS activity has remained constant, with more users acquiring stEVMOS than swapping it.
Based on the results and the timing of the stEVMOS/EVMOS pool launch, it's clear that the pool has had an important and positive impact on Osmosis swapping.
When looking at the transfer numbers, it's clear that EVMOS activity on Osmosis has been steadily increasing since the pool's creation, with hourly transfers rising from around 50 to 150 and generating more than 3k transfers since launch. In contrast, stEVMOS has lower transfer numbers, but still has had more than 30 transfers since the pool launch.
In terms of transferred volume, hourly EVMOS transfers have also been increasing, with a peak of 250k in a single hour and more than 2M EVMOS transferred overall since the pool's launch. stEVMOS recently reached its all-time high with almost 8k transferred, and a total of nearly 20k stEVMOS have been transferred since the pool's launch.
Therefore, it's evident that the stEVMOS/EVMOS pool's launch has had a significant impact on EVMOS and stEVMOS transfers on Osmosis.
The final charts reveal interesting insights into the LP users of the pool. In the first image, we can see that the preferred pool to join is #803, with seven users having deposited at least once. The second image shows the number of users joining and exiting each pool. Interestingly, stEVMOS/EVMOS users share a common behavior of preferring new pools over old ones. When a new pool is launched, they tend to use their liquidity from other pools to join it, possibly due to high incentives. Who knows what motivates them!
Key insight
- a. The activity of EVMOS and stEVMOS on Osmosis is on the rise. In the case of EVMOS, there has been a constant increase in hourly swaps, reaching a recent all-time high. While more EVMOS are being swapped than acquired, stEVMOS is seeing more acquisitions than swaps.
- b. EVMOS is now attracting more users to swap to it than away from it, while stEVMOS maintains a steady stream of acquisitions. The launch of the stEVMOS/EVMOS pool has had a significant and positive impact on Osmosis swaps.
- c. The launch of the stEVMOS/EVMOS pool has had a tremendous impact on transfers on Osmosis. EVMOS transfers have tripled from 50 to 150 hourly, with over 3k transfers since the pool's launch. Volume has surged too, with over 2M EVMOS transferred in total, including a peak hourly transfer of 250k. stEVMOS transfers may be fewer in number, but there have still been over 30 since the launch, with a recent ATH of nearly 8k transferred. Overall, almost 20k stEVMOS have been transferred since the pool's launch.
- d. The stEVMOS/EVMOS pool #922 has seen a surge in deposits during its first hours, peaking on February 14th. Surprisingly, withdrawals have remained low, indicating a positive trend for the pool's liquidity.
- f. The pool's hourly net volume has remained consistently positive since its launch, with several notable peaks exceeding 40k volume deposited. And with a TVL now exceeding 150k, the pool is on a strong growth trajectory.
- g. These charts reveal the LP users joining the pool. Pool 803 is the most preferred, with 7 users depositing at least once. Users tend to leave and join new pools, using their liquidity from others to do so.
When we examine the stEVMOS/EVMOS pool #922, we can observe that more deposits were made during the first few hours. The uptrend in deposits continued until the early hours of February 14th, after which it gradually decreased. However, the withdrawal activity is low, indicating positive user sentiment towards the pool.
In terms of volume, we can see that the initial hours did not record the highest volumes, which is essential for maintaining liquidity in the pool. The most significant discovery is that the pool's net volume has consistently been positive since inception, with some significant peaks of over 40k deposited volume. The TVL of the pool has also been increasing since launch and has now exceeded 150k.
Overall, the stEVMOS/EVMOS pool #922 appears to be performing well, with consistent positive volume and TVL growth and low withdrawal activity, indicating confidence in the pool.