How frequently do users on Osmosis un-stake their Osmosis? What do they do with the OSMO once

un-staked? Do they re-delegate, enter a LP position, or swap into another token? Do they re-delegate to certain validators more frequently than others? Why might this be so?

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WHAT IS OSMOSIS?

Osmosis is an advanced automated market-making (AMM) protocol built using the Cosmos SDK that allows developers to design, build, and deploy their own customized AMMs. One of its key strengths is its customizable curves, fees, and other parameters, offering deep customizability to AMM designers, and a governance mechanism by which liquidity providers can govern and direct their pools. The Osmosis protocol is designed for Cross-chain Assets. With IBC built-in from day one, it permits connecting to the entire ecosystem of Cosmos chains and their native assets. Osmosis will also integrate with non-IBC enabled chains, including Ethereum-based blockchains, a variety of chains including Bitcoin, and alternative smart-contract platforms.

In the link below, you can read how to stake on this platform and what you need to know.more info

Method:

First, with the help of the osmosis.core.fact_msg_attributes database, by specifying the msg_type, the activities of stake and undelegated users were checked in the last 6 months.

Then, with the help of the osmosis.core.fact_staking database, users who have undelegated and their transaction block_timestamp were selected, then their activity was checked in the swapping, liquidity providing, and staking sections for restakres.

The above chart is related to the activity of osmosis network users of stake and un-stake types. As can be seen, in the first 3 months of the year, the users did not have any great activity of this type, except for a few special days. As of February 9th, 3.1 million Osmo have been staked Which is the highest amount of stake in the first 3 months. By observing the price trend in this period, it can be seen that the price trend of this currency has been almost neutral in these 3 months.

On April 20, we saw the highest amount of un-stake in this network compared to the previous days. . According to the Osmo price trend on this date, it can be seen that we were at the beginning of the downward price trend.

In continuation of this downward price trend, on May 3rd, we saw the highest amount of un-stake in the last 6 months(6.62 Million Osmo).

From May 7 onwards, we saw an increase in the amount of stake compared to un-stake, and this increase in volume can be related to the low price of Osmo in this period compared to the first quarter of the year.

In the above two charts, the activity of users after un-staking their osmosis in 3 sections: swap, providing liquidity, and re-staking.

As can be seen, both in terms of the number of individual users and in terms of volume, users have had the desire to swap it for other coins after un-staking. After that, providing liquidity is the most activity seen among users.

And finally, less than 10% of users have re-staked their osmosis.

As can be seen in the chart on the side, the tendency of users who want to re-stake after un-staking is to use different validators compared to their previous validator.

It should be noted that users sometimes divide their osmosis and stake in different validators, so some of these results overlap with each other.

As mentioned above, users tend more to swap their osmosis after un-staking. In the chart on the left, the most coins that users have used to convert their osmosis into are displayed based on volume.

The largest amount of swaps is related to Cosmos(Atom), it should be noted that most centralized exchanges do not support osmosis but they support Atom, part of these swaps may be related to users who intend to sell their assets in centralized exchanges.

After Cosmos(Atom), USDT and USDC are the most converted to, as mentioned above, many users un-stake due to price fluctuations, so it is logical that these pairs are the second and third in terms of volume.

In the chart next to the status of users who have withdrawn their osmosis and the time interval between their stake and un-stake can be seen.

As can be seen, the users who un-stake after more than 1 month are more than others.

Conclusion:

• In the first 3 months of the year, the users did not have any great activity of staking or un-staking compared to the next 3 months. On April 20, we saw the highest amount of un-stake in this network compared to the previous days. . According to the Osmo price trend on this date, it can be seen that we were at the beginning of the downward price trend. In continuation of this downward price trend, on May 3rd, we saw the highest amount of un-stake in the last 6 months(6.62 Million Osmo).

• In terms of the number of individual users and in terms of volume, users have had the desire to swap it for other coins after un-staking. After that, providing liquidity is the most activity seen among users.

  And finally, less than 10% of users have re-staked their osmosis.

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• In terms of the time difference between staking and un-staking users who un-stake after more than 1 month are more than others.

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• The tendency of users who want to re-stake after un-staking is to use different validators compared to their previous validator. It should be noted that users sometimes divide their osmosis and stake in different validators, so some of these results overlap with each other.

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• The largest amount of swaps is related to Cosmos(Atom), it should be noted that most centralized exchanges do not support osmosis but they support Atom, part of these swaps may be related to users who intend to sell their assets in centralized exchanges. After Cosmos(Atom), USDT and USDC are the most converted to, as mentioned above, many users un-stake due to price fluctuations, so it is logical that these pairs are the second and third in terms of volume.