Question:

Q11. Calculate the deposit rate of wETH over time on Osmosis. How does this compare to SushiSwap and Thorchain now? How does the wETH deposit rate compare to when wETH was a relatively new asset (or the protocol was relatively new)? Is Osmosis growing at a faster rate than Thorchain and Sushiswap?

Hint: There are two types of wETH on Osmosis, wETH from the Gravity Bridge (gwETH) and WETH from the Axelier Bridge (axlWETH).

Results:

The deposit of wETH on Sushiswap is more then other two and its expected because of the pools on Sushiswap and its application on Ethereum blockchain.

Since May 15th, the deposit of wETH on Osmosis has been increased and takes the Thorchain place.

Approach:

The deposit rate of wrapped Ethereum (wETH) on Osmosis has been estimated. Additionally, this value has been compared to Sushiswap and Thorchain. Any notable trend has been bold and discussed in this essay.

We should notice that, in this essay and for this special application the deposit has been used for adding liquidity to these ecosystems.

1. Deposit on Osmosis

   from osmosis.core.fact_liquidity_provider_actions where action='pool_joined'
   wETH must be ibc/65381C5F3FD21442283D56925E62EA524DED8B6927F0FF94E21E0020954C40B5 -- gwETH
   or ibc/EA1D43981D5C9A1C4AAEA9C23BB1D4FA126BA9BC7020A25E0AE4AA841EA25DC5 -- axlWETH
   

2. Deposit on Sushiswap

   Adding liquidity to Sushiswap pool by ethereum.core.FACT_EVENT_LOGS
   where EVENT_NAME='Deposit and CONTRACT_ADDRESS='0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2' -- wETH
   

3. Deposit on Thorchain

   from flipside_prod_db.thorchain.liquidity_actions where LP_ACTION='add_liquidity'
   and POOL_NAME ilike '%ETH.ETH%' 
   

The deposit rate of wETH on Osmosis, Sushiswap and Thorchain shown in three different graph. the main reason of that because of unadapting scale of deposit on them.

The most important part of this question is finding answer to grow rate depositing wETH on Osmosis and other two.

1. The gradian of wETH deposit on Osmosis was very sharp since May 14th.
2. The mentioned date is the date of adding wETH to Osmosis and add time of asset.
3. The grow rate of depositing wETH on Thorchain shown the increment on special date.
4. The Sushiswap captured more than more than Osmosis and Thorchain.
5. The gradian of grow rate of depositing wETH on Osmosis disclose the promising and adaptability of wETH on Osmosis. Furthermore, the popularity of Osmosis between users has an important role in depositing wETH.
6. Introducing novel products on blockchian cause the increment of depositing wETH on blockchian or Sushiswap.