[THORChain] $THOR Staking Wallets

    In this dashboard, I am going to analyze $ THOR Staking Wallets by looking at $ THOR Staking 2.0.

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    Introduction


    • $vTHOR token: Stake $THOR tokens to receive $vTHOR tokens, a composable and transferrable representation of your staked $THOR position.
    • Additional Staking Rewards: Legacy Staking Rewards came purely from emissions of the Community Incentives. Staking 2.0 Rewards are a culmination of Community Incentives emissions plus 75% of all THORSwap revenues.
    • Auto-compounding Staking Rewards: Staking 2.0 now features automatic compounding — your staking position will receive daily rewards and auto-compound without any user action. You no longer need to repeatedly claim and re-deposit, saving you gas and helping you to earn more rewards.
    • Trading Discounts: THORSwap users holding $vTHOR will be entitled to Exchange Fee discounts. To celebrate the launch of $vTHOR, for a limited time, THORSwap Exchange Fees will be 100% waived for everyone staking $THOR + holding any amount of $vTHOR! (Source)

    Methodology


    First, with the help of the help query, the transactions that were stacked by THOR were identified. (Those with a THOR value greater than 0). Based on these transactions, the number of unique wallets was determined, both in general and on a daily basis.

    Results

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    Conclusion


    • 1546 unique wallets in 21 days, ie an average of 73.6 wallets per day.

    • But the daily review strongly rejects such an average. On the first day alone (May 4), about 41.5% of all THOR unique wallets were stacked. This rate is 24.1% for the second day and 10.6% for the third day. This fully demonstrates the excitement and hype surrounding the introduction of vTHOR and THOR Staking 2.0.