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    "Small" LP Actions

    In this dashboard, we will find out what percent of LP adds to each pool are small (<$1k USD)? Is there a relationship between the chain and the proportion of “small” LPs? Other than that, we will also investigate if low fee chain like Terra has more small LP actions compared to Ethereum.

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    Currently, only data from April 9th available on Thorchain table so we have to focus data for these date. Graphs below shows the daily volume that has been added as liquidity to various pool on Thorchain in USD and also the average volume in USD for the past 3 days.

    From graph above, the pools that has over $1000 USD in average volume deposited to LP are Bitcoin Cash (BCH), Native BNB, BTCB on BNB, BUSD on BNB, ETH on BNB, TWT on BNB, Native BTC, Native ETH, SNX on ETH, THOR on ETH, USDC on ETH, USDT on ETH, Native LUNA, Native UST and WBTC on BNB. WBTC on BNB is not included in the graph as the average was at 2.5M which will be hard for us to see other bar graphs.

    Now we will compare Terra.LUNA, Terra.UST vs ETH.ETH, USDT.ETH vs BNB.BNB, BNB.BUSD to find out if cheaper chain like Terra and BNB has more sub $1000 LP deposit compare to more relatively expensive chain like ETH. From grapg below, we can see that for BNB, around 5% consisted of sub $1K deposited into LP, for ETH, 5.5% for ETH and 2.27% for USDT and for Terra chain, 2.9% for LUNA and 4.55% for UST.

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    In conclusion, I would say that sub $1K deposit is very low in general regardless of which pool on which chain, cheap or expensive. This can be seen in graph above. We can say that most of Thorchain users consist of whale and made large volume transactions, especially when adding liquidity.