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Lido-10.Gain or Lose

-- Q10. Of the stakers that have swapped ETH to stETH, how much ETH did they gain or lose -- depending on the peg of stETH to ETH at the time of the swap?

Methodology

Find daily average token price for both stETH and ETH from ethereum.token_prices_hourly
- We are using WETH as proxy for ETH
Find all swaps for both stETH and ETH from ethereum.core.ez_dex_swaps
For each swap look at the daily ratio and determine loss if ratio < 1 or gain if ratio >= 1
Note there seems to be incorrect data for 2021-08-05 therefore we are ignoring that date.

Daily Ratio

Here is the daily ratio of eth_steth_ratio for ETH swappers and the daily ratio of steth_eth_ratio for stETH swappers

Losses

Here are the daily losses for both ETH and stETH swappers.
Since the price of stETH is less than ETH on most days, the stETH swappers get the most losses.
This highest loss was 41.7 $ETH on Jun 11, 2022.
Cumulative loss was 255 $ETH for stETH swappers vs 0.92 $ETH for ETH swappers.

Gains

Here are the daily gains for both ETH and stETH swappers.
Since the price of stETH is less than ETH on most days, the ETH swappers get the most gains.
This highest gain was 43.78 $ETH on June 12, 2022
Cumulative gain was 262 $ETH for ETH swappers vs 0.98 $ETH for stETH swappers.