Introduction to stETH

The introduction of ETH 2.0 allows users to stake their tokens and earn passive income, which is appealing to those who have at least 32 ETH on hand and are willing to give up their assets' liquidity for two years owing to a lock-up. Most everyday users, on the other hand, demand complete control over their assets and wish to keep their assets as liquid as possible. This is when StakeHound enters the picture. Users may utilize StakeHound to wrap their ETH into stETH and experience liquid staking. Therefore stETH is a wrapped token that represents the user's underlying ETH in a 1:1 ratio.

Methodology

The pools that had made the most number of swaps in both directions using these stETH tokens are considered here. The pool name, the token of swap is listed by constraining the swap activity and the swap token as stETH from the core swaps data of Ethereum of the on-chain data.

Conclusion

The pools that are involved in swapping the stETH with other tokens are confirmed but the agreement of the stETH with WETH makes the pool most promising for the LIDO protocol.This makes it the most swapped pool using stETH over the chosen period of time. Reference:

1.https://morioh.com/p/3696dc1ac904

The table here describes the pool data and the tokens that are swapped against the stETH tokens. Both the swap-in and swap-out functions of the stETH tokens are accounted for the same duration of time and see if there are multiple pools involved in the swapping activity. But it is seen from the analysis that the pool that had made participation in the swaps of the stETH tokens is Seth-WETH LP.

The tokens that are swapped against the stETH tokens when the direction is IN are charted here. The more number of WETH tokes are here.It shows that certain swaps where the tokens in and out are same.

The chart here shows that during swap out the functionality of the stETH tokens the pairs are WETH and stETH with equal volume over the chosen period of time.

The pools that have swapped in most of the stETH tokens in both sushiswap and uni swap platforms are charted here.

The liquidity pools that have swapped out most of the stETH tokens are charted here for both sushiswap and uniswap platforms.