What is Ethereum?

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin.

What is proof of stake?

Proof-of-stake protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes.

What is Ethereum staking?

Staking is the process of actively participating in transaction validation (similar to mining) on a Proof-of-Stake blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn staking rewards.

What is a staking derivative?

Staking derivatives are secondary assets typical of some staking systems in which rewards are not earned with native tokens but through derivative products. In these systems, you receive the corresponding amount of tokens you had locked.

Methodology

in this dashboard we are going to compair ETH staking derivatives on weekly price, swap activty, and minting activty. the data for this dashboard will come from the -- and -- tables of flipsides database.

Sections

1. ETH Derivative Price
2. ETH Derivative swap activit
3. ETH Derivative mint activity

ETH Derivative Price

Observations

1. There is a big fluctuations in what ETH derivative token is most expensive/cheap each week
2. in May and June of 2022 the volume of ETH derivative swaps reached their peak
3. The size of Lido swaps are much larger than the swaps of other ETH derivative
4. Although Lido staking derivatives make up 93% of the trading volume they only make up 56% of the swaps

1. ETH Derivative swap activit

ETH Derivative mint activity

Observations

1. Starting December 8th, 2020, Lido when from making up 0% of ETH liquid staking activity to consistently making up over 90% of the ETH staking activity most weeks.
2. In terms of staking events there has been consistent growth in the number of events from November 2020 to March 2022.
3. In May 2022 there was a massive drop off in the ETH volume staked using Lido.
4. In terms of volume Lido has made up more than 90% of all liquid staking volume.

Conclusion

• ETH price/Derivative swap activit

  • There is a big fluctuations in what ETH derivative token is most expensive/cheap each week
  • in May and June of 2022 the volume of ETH derivative swaps reached their peak
  • The size of Lido swaps are much larger than the swaps of other ETH derivative
  • Although Lido staking derivatives make up 93% of the trading volume they only make up 56% of the swaps

• ETH Derivative mint activity

  • Starting December 8th, 2020, Lido when from making up 0% of ETH liquid staking activity to consistently making up over 90% of the ETH staking activity most weeks.
  • In terms of staking events there has been consistent growth in the number of events from November 2020 to March 2022.
  • In May 2022 there was a massive drop off in the ETH volume staked using Lido.
  • In terms of volume Lido has made up more than 90% of all liquid staking volume.

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