StETH-ETH Pool

    Analyze the stETH-ETH pool over the past 30 days. What trends can you identify? What might be causing them? Bonus: connect the behavior of this pool to activity on Anchor.

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    Analysis

    As shown by the first bar graph, for the most part there has been more stETH leaving the pool than stETH entering the pool. Likewise, there has been more WETH entering the pool then leaving. This means more WETH to stETH swaps. In order to recieve stETH you must stake your ETH on Lido and in order to recieve your staked ETH back you will need to redeem the stETH tokens. My conclusion is that users want to retrieve the stETH tokens to unlock their ETH locked in the Lido smart contract.