Swaps to $THOR

    Q100. On May 4th, $THOR staking was enabled that yielded rewards for stakers based on THORSwap volume. Did we see a spike of swaps to $THOR around that time? Has there been any noticeable change in $THOR swapping since that event?

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    The $THOR staking that was enabled on 4th of May on Thorswap. This $THOR token is on ETH chain. Therefore we're gonna look at flipside_prod_db.thorchain.swaps and filter the assets that has been swapped from any token to THOR on ETH. (both ETH.THOR and ETH/THOR).

    The amount that's shown here is the amount of THOR (in USD) that's been swapped to.

    • There's distinct spike on 4th of May, the day the staking was enabled.
    • There's a small cluster of 'enthusiasm' for swapping to THOR.
    • However it was not consistently sustained, the spikes are reducing everyday.
    • There were similar clusters of such activities in Mid to end of March and also in the mid April.
    • The Amount (in USD) that was swapped to THOR on 4th of May was the second highest swapped in a day.