Osmo-The Unstakeeeeers

-- How frequently do users on Osmosis unstake their Osmosis? -- What do they do with the OSMO once unstaked? -- Do they re-delegate, enter a LP position, or swap into another token? -- Do they re-delegate to certain validators more frequently than others? -- Why might this be so?

How frequently do users on Osmosis unstake their Osmosis?

Looking at the data for the past 90 days, on an average ~200 wallets are unstaking their OSMO tokens.
In terms of volume this amounts to anywhere between 100K-500K $OSMO.
Some days do see huge spikes like May 11, 2022 had 644 users, and May 3 had 6.6M $OSMO unstaked.

Do they re-delegate to certain validators more frequently than others?Why might this be so?

Yes, some validators are certainly re-delegated to more frequency, for example osmovaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qxwmj9we Citadel.one validator has seen the most number of re-delegations in the past 90 days.
This most likely is due to the fact that some validators increase their commission fees, and then people move to these well established validators like

Citadel.one

\

Conclusion

Unstaking peaked in May 2022 and has come down ever since and there is a decreasing trend.
Re-delegation is not that common, we only see ~10 re-delegations on an average per day.

What do they do with the OSMO once unstaked? Do they re-delegate, enter a LP position, or swap into another token?

To calculate this we take the unstaked date for each wallet and see what they do in the next 7 days with their OSMO tokens.
Most of the unstaked OSMO as either swapped or added to an LP.
Highest was May 17, which saw 866 wallets adding to LP and 321 wallets swaps.

flipside

flipside

Osmo-The Unstakeeeeers

How frequently do users on Osmosis unstake their Osmosis?

Do they re-delegate to certain validators more frequently than others?Why might this be so?

Conclusion

What do they do with the OSMO once unstaked? Do they re-delegate, enter a LP position, or swap into another token?