Introduction and methods

Olympus DAO is a protocol that creates a decentralized, censorship resistant reserve currency for the emerging Web3 ecosystem, developing a reserve currency as a fundamental goal of the Web3 financial movement to foster an alternative economic ecosystem that serves the needs of its various stakeholders.

In this dashboard, we are gonna explore the patterns in OHM staking/unstaking over the last 30 days by calculating the volume of sOHM staked vs unstaked in a daily basis. As well, we will see the net volume entering on the Olympus DAO staking program. The cumulative numbers have also been calculated. Finally, the largest amounts staked have been computed by day during the past month.

Results

In this first charts, we can see the volume inflow and outflow on Olympus DAO. It can be seen how the daily volume is similar in the major of the days, however, 2 main waves have been detected during this period. In fact, if we take a look a tthe second chart about the net staking, we can see how when the peak of the volume occurred, more volume is entering in the platform as a net staking. Basically, the major of the positive days in terms of net staking occurred when the waves were in their peaks. The rest of the days seems to be negative, saying us that more sOHM were being removed rather than added.

In cumulative numbers, we can see the amount of unstaked sOHM was higher than the staked one during the major part of the April month, however, during the last days, the amounts become closer. In fact, if we take a look at the second image, we can see the waves of volume when the negative trends of the days are reverted in a single positive day.

IN terms of major staking actions, the maximum volume entering on the platform has been 50.2k sOHM, while the largest unstaking action in volume was around 23.68 sOHM. Then, we can see how the largest staking action was 2x.

In this final chart, we can see the maximums of both staking and unstaking actions over the past month, where we can see how the peaks on the unstaking actions taken place in the middle of the period while the peaks of the staking actions taken place during the last days.

Conclusions

Despite the bad trend in OHM price, it seems like the staked sOHM remained constant during the past 30 days. The trend observed here is that the major of the days are negative in terms of the volume of sOHM staked, however, the positive days are larger in terms of volume and then, compensate the bad days. Source: Olympus DAO basics