Methodology

• Find the circulating supply of OHM by looking at the daily balance of the sOHM token.

  from ethereum.erc20_balances
  where contract_address = '0x04f2694c8fcee23e8fd0dfea1d4f5bb8c352111f' -- sOHM

What is Rebasing?

• sOHM is the staked version of OHM, where stakers stake OHM and earn yield for holding the staked tokens.
• Rebasing is the process of creating new OHM tokens and paying it out to the stakers aka holders of sOHM.
  • Example there were 100 OHM tokens and they were staked and 100 sOHM tokens were created.
  • Now lets say 5 OHM tokens are minted, there are 105 OHM tokens for 100 sOHM tokens, which means we need to mint 5 more sOHM, tokens therefore rebase the sOHM tokens by 5%.

Produce a visualization that shows the impact of rebasing on the circulating supply of sOHM.

• The rebasing takes every 8 hours, looking at the circulating supply of sOHM, the rebasing doesn't really seem to make a difference.