Whale.dependency.Terra.Loop

    Whales can fluctuate cryptocurrency markets. One of the most important concerns of cryptocurrency market traders is tracking whales in the market. The behavior of whales on decentralized exchange (DEX) pools like Loop-finance is investigated in this bounty. To recognize whales on each pool, 15 proposed pools are considered to study. Number of LP holders and total liquidation on each pool shows the behavior of whale and present of whale on each pool.

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    as shown in the figure, some pools are very dependent on whales but others not. for example, Loop token/uusd Lp has total number of 18000 holder by considering 1.46 million liquidation which means this pool belong to ordinary farmers. also, uluna/uusd pool has 10 million liquidation for only 1065 LP holder.

    To understand the proposed approach, donut chart for both loop liquidation and LP holder are presented below each other. the liquidation of uluna/uusd pool is 23.7% of total liquidation but only 3.71% of LP holders hold its tokens. this indicates the whale alert on this DEX pool.

    Conclusion: to test the proposed approach and based on the results, some DEX pools have whale and some of them are provided by regular farmers. now the question is what we want as loop-finance? I think less dependency on whale is better because they provide liquidity in an instant time and withdraw it as same. this action fluctuate the pool liquidation very much and its not preferred by pools.