As mentioned at the beginning, we want to understand how gas subsidies could optimize user engagement and improve liquidity provision, particularly on Layer 2 under various economic conditions and in different liquidity pools. For this, we'll use data from Rabby's gas campaign, where some of the transactions ended up being transactions to the Uniswap protocol to perform a token exchange.

The data begins on April 29, with the start of Rabby's campaign, so we can forget about the effects that blobs had on transaction fees.

The particularity of the subsidy that Rabby provides is that it's given when a user, using this wallet, doesn't have enough native currency to pay for transaction fees. Once the user decides to receive the subsidy, Rabby sends the native currency from an account to the user and allows them to pay for the transaction for which they didn't have sufficient funds.

As these subsidies are delivered through the Rabby interface, it's expected that they're not bots. There may be users with more than one account, but the data is expected to correspond more to a 'retail' user than a 'professional' one, as we'll see, the average exchange volume is less than 200 dollars.

mrwildcat