Try Quests to earn cryptoFlash Bounty: Merge Staking Providers
Number of Stakes
One of the main criteria for measuring the popularity of staking platforms is the number of Stakes in them, and the higher the number, the higher the consumption of that platform. Among the platforms I reviewed, ==Lido== has by far the most number of stakes. Lido in total has 102K stakes and this is one of the signs of the popularity of this platform. In the second place is the Rocket Pool platform with a 10K stakes, which has a difference of 90K with the first platform, Lido. In the next ranks, Stakewise has 6,700 stakes, stkr has 3,665 and Cream ranks last with 437 stakes.
Unique Stakers
The number of users of a platform is always the most important measure of its validity. In this criterion, the ==Lido== platform ranks first with a big difference from its competitors. Lido has the highest number of users by registering 73.8k stakers, which could be predicted from the previous chart, and this is a sign of the great popularity of Lido, because in the next rank Rocket Pool has a big difference with Lido with 7.7k stakers. In the next ranks, Stakewise has 4110 stakers, stkr has 836 stakers and Cream ranks last with 332 stakers
Total ETH Staked
Many users of ==Lido== made this platform to be the first in the amount of ETH staked. The total amount of ETH Staked in Lido is 2.94M and this amount is very high compared to its competitors. After Lido and in second rank is Rocket Pool, this platform in total has 121K ETH In stake after Rocket Pool Stakewise has 58.6K, stkr has 54K and Cream has 25K ETH In Stake.
The difference between Lido and its competitors is about 2.7M ETH, which is equivalent to 4.3 billion dollars, which is a proof of the credibility of this platform, and this credibility attracts its users.
Average ETH Staked Per Staker
Cream and stkr have more average stakes per user because they have fewer users. The average amount of ETH Staked per staker in Cream was 75.8ETH and this amount in stkr are is 64.6ETH. The amount of ETH staked per staker in Lido is 39.8, in Rocket Pool is 15.58 and in Stakewise is 14.25ETH.
Average ETH Deposits
In average Cream users has deposit 75 ETH because the number of users of this platform is small and 7% of them is whale.In Lido average ETH deposits is 53 ETH and for this platform this number is very normal.
Max ETH Deposits
In the first place is Lido with 330K ETH, which is not far from expected due to the presence of whales on this platform. The max amount of ETH deposits in Rocket Pool is 129k ETH and this number surprised me a little.
Min ETH Deposits
Due to the popularity of Lido, all types of users are attracted to it and like to use this platform, but in the meantime, a user may deposit a smaller amount because he has less capital. that Lido has provided this possibility for them because some platforms do not give this possibility to the user
What is 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. source
Cream
C.R.E.A.M can be defined as Crypto Rules Everything Around Me. C.R.E.A.M. Finance is a decentralized lending protocol. The platform is generally designed for institutions, people, and protocols to access financial services. A part of the yearn finance ecosystem, the platform aims to be an open-source, permissionless, and blockchain agnostic protocol. yearn.finance (YFI) is a group of protocols operating on the Ethereum blockchain; being blockchain agnostic means that different business solutions can be operated or built from different underlying blockchain technologies. source
Stakewise
Staking made simple. StakeWise is a liquid Ethereum 2.0 staking service that allows anyone to benefit from the yields available on the Beacon Chain. StakeWise runs secure and stable institutional-grade infrastructure, combined with unique tokenomics, to provide the highest possible staking yields for its users. As a liquid staking platform, users are free to un-stake at any time or utilise their staked ETH capital to earn enhanced yields throughout DeFi. There is no minimum ETH requirement to stake with StakeWise and the platform fees are the lowest seen across the industry. source
Rocket Pool
Rocket Pool is a first of its kind ETH2 Proof of Stake Protocol, designed to be community owned, decentralised, trustless and compatible with staking in Ethereum 2.0. It was first conceived in late 2016 and has since had over 5 successful public betas over the life span of ETH2 development.
Rocket Pool is designed to cater to two main user groups; those that wish to participate in tokenised staking using rETH
using as little as 0.01 ETH and those that wish to stake ETH and run a node in the network to help generate a higher ROI than staking outside of the protocol due to commissions earned.
Why is Lido more popular
While centralized staking facilitates quick access and high liquidity, it comes with the risk of severe “slashing penalties” and reduced overall rewards. An Ethereum validator who engages in malicious behavior receives a slashing penalty and loses a significant amount of ether staked. Violators can also be forcibly removed from the network. That risk is mitigated with ==Lido==, which has several validators. The protocol provides users liquidity on the underlying ether via a “staking derivative” token called stETH. When users deposit 1 ETH into the Lido protocol, they get 1 stETH in return.The rewards for stETH are accrued automatically.
Over Time
There are many factors affecting the ETH stick over time. One of the most important factors is the price of this currency. With the sharp falls in the price of this currency, its stick value decreases slightly, but with the passage of time, it reaches the previous value and even more than that. The largest volume and number of ETH deposits is for ==Lido==, which is obvious because this platform has many more users compared to its competitors. The largest amount of ETH deposits in one day belongs to Lido. On March 15 of this year, 191K ETH was deposited to this platform. It is noteworthy that the number of deposits on this day is only 298, which indicates that whales may have made these deposits to this platform.
Whale or Normal Users
Whales have a very important influence on the crypto market.
Among these platforms, we call those who have deposited more than 100 ETH as whales. The largest number of whales are located in Lido and their number has reached 3540 on this platform and this show 3% of its users are whales.
Rocket Pool has 195 Whale that make up 2% of its users.
In third place is stkr with 150 whales, which is nearly 3% of its users. Whales make up 1% of users in Stakewise and 7% in Cream, which shows that whales make up a significant percentage of Cream users.
Whales are the biggest creatures in the oceans, and it’s no different in the cryptocurrency sphere, whales. The label crypto whale applies to people or entities that hold (or hodl) the largest amount of crypto.
Conclusion
Lido's platform won first place in all criteria and over time we saw that its competitors could not come close to its position. Whales have an active presence on this platform, but their number is very small compared to ordinary users, and whales do not cause any disturbance to this platform.
Methods
Tables I used:
ethereum_core.fact_event_logs
ethereum.core.ez_eth_transfers
Staking Platform Addresses:
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Stakewise: '0xC874b064f465bdD6411D45734b56fac750Cda29A'
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stkr: '0x84db6eE82b7Cf3b47E8F19270abdE5718B936670'
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Cream: ‘0xcbc1065255cbc3ab41a6868c22d1f1c573ab89fd’
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Rocket_pool: '0x4D05E3d48a938db4b7a9A59A802D5b45011BDe58'
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Lido: '0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84'
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Metrics
I have shown all the metrics below for all 4 platforms.
- Total Number of Stakes
- Total Number of Unique Staker
- Total Amount of ETH Staked
- Average Amount of ETH Staked Per Staker
- Average Number of Stake Per Staker
- Users Deposits Time
- Users Deposit Amount
- Average ETH Deposits
- Median ETH Deposits
- Max ETH Deposits
- Min ETH Deposits