Wherefore Art Thou, Rewards?
In this dashboard, we will investigate who claimed $ANC tokens and what they do with them. For this dashboard, we focus on transactions made in month of January 2022.
For the month of January, there are 14247 unique claimers and total of 8.66M of $ANC token has been claimed. On average, senders claimed 3.6 times in one month.
Graphs below show the daily volume of $ANC claimed, transactions count, claimers count and average $ANC claimed. On Jan 25th, there was a spike in volume of $ANC claimed, most likely by a whale that finally claimed his/her pending rewards.
So, what does the $ANC claimers do with the $ANC ??
Three main things the claimer did are stake $ANC for governance staking, provide liquidity at Astroport or sold the $ANC for $UST. Graph below shows the distribution of $ANC activities by claimers. Most of $ANC claimed in January was sold for $UST by claimers which is 41%, and 30% was used to provide liquidity, and 28% was being staked for governance. However, addresses that stake $ANC is the highest with over 8400, followed by provide lp and then sold.
Graph below shows the daily volume of $ANC activities by claimers. We can see that stake and sold $ANC has a steady increase in volume while provide LP has been decreasing.
In conclusion, Anchor is very important component in Terra ecosystem however selling pressure on $ANC was quite high so some update to $ANC tokenomics and emission are needed. However, Anchor is basically the main bank on Terra so I definitely won't fade it and will be accumulating $ANC.