Introduction and methods

$THOR invests in DeFi protocols using the funds you invested in a node. They generate profits from those investments and then return a daily reward to you. Since this month of May, $THOR can be deposited and staked on Ethereum in order to receive $vTHOR and get passive incomes.

In this dashboard we are gonna explore if the staking rewards impacted the amount of $RUNE bonded or in LPs. To do that, we are gonna anlyze the following metrics:

• THOR staking rewards and RUNE bonded in pools over time
• Comparison between THOR staking rewards and RUNE in pools

Results

In the first chart, it can be seen the total daily RUNE in pools since January 2022 and the daily THOR staking rewards since its inception. Because of staking rewards appeared on May, the chart is not so clear to explain. Then, I have evaluated the same metrics but since the launch of the THOR staking. In this case, we can see how the THOR staking rewards increased during the first days but suddenly dropped on May 12th, just when the UST deppeging occurred (could be affected for that), and then, the staking rewards continued dropping until now. Analayzing the RUNE in pools, it seems that it has been decreasing over time. In that case, from the beginning until the end.

If we compare both metrics, we can see how there is some correlation betweeen some points, but then, when the THOR stakers revenues were higher, the RUNE in pools were not related. It is clear that the UST depegging period affected the dynamics of this metrics.

Conclusions

In this dashboard, we have compared the THOR staking rewards with the RUNE bonded in pools, in order to try to see some effect of the THOR staking rewards trend to the RUNE bonded in pools. THe main insights are:

• During the first period after the launch of THOR staking, the both metrics were relating. However, when UST depegging occurred, a sudden drop occurred on the amount of THOR staking rewards, but didn't cause an effect on the RUNE bonded on pools because the dynamic was negative since the previous period. Then, the correlation was broken since that date.