Additional Swaps Required to Offset Emissions

    Conclusion

    According to the results obtained and the statistics recorded in the charts and numbers above, the overall difference or ratio between the total block rewards and the total fees is 3.71

    That is, block rewards are 3.6 times the fee.

    This number is general and you can see the ratio of each month in the monthly charts

    Based on this number, the total amount that we have to add to the fees is 48.5M.

    We need to increase this amount of fees with 33.5M additional volume of swaps or with the number of 9.89M additional swaps to the amount of block rewards, which is 66.4M in total.

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    ​About THORSwap

    is a multi-chain DEX aggregator built on THORChain's cross-chain liquidity protocol and the #1 interface for all THORChain services such as THORNames and Synthetic Assets.

    THORSwap first started as BEPSwap, launched in summer 2020 on top of THORchain's single-chain chaosnet (SCCN). In April 2021, THORSwap launched as a cross-chain DEX on top of THORChain's multi-chain chaosnet (MCCN). THORswap currently supports cross-chain L1 swaps between 25+ crypto assets across 8 major L1 blockchains in a decentralized and non-custodial manner.

    Liquidity providers can also add liquidity to each underlying liquidity pool, allowing BTC holders to earn yield on native BTC (no wrapped or pegged BTC required).

    Method

    In this dashboard, we want to first get the difference between block rewards and fees earned from swaps.after that, by dividing these 2 numbers, we get its ratio, and then we multiply the obtained ratio by the volume of swaps to find the required volume.we multiply this difference ratio by number of swaps to find the needed transactions all these steps will be obtained from the two tables below:

    flipside_prod_db.thorchain.daily_earnings join flipside_prod_db.thorchain.swaps

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