CubFinance - Bleo to LEO and LEO to BLeo stats .
Good evening everyone , I hope you all are doing good .
I am here with another statistical post . I am thoroughly enjoying this to be honest . I love giving insights and if my posts give you any kind of info that you didn't know before I am happy about that :)
Coming to the post .
BLeo and LEO
For those who don't know what BLeo is , It is wrapped LEO on BSC chain .
LEO as you all know is the native token of Leofinance tribe on Hive .
Now I have the data for the whole period from the release of CubFinance till today . To be specific it is from March 7th till May 18th 2021.
Let us first see LEO to BLeo
LEO to BLeo daily
Max LEO to Bleo converted = 248,132 LEO on 11th April 2021 .
Average LEO to BLeo per day = 43,033 LEO
Median LEO to BLeo per day = 29,786 LEO
Note that this doesn't include the 1 LEO fees . I will provide that details later in the post .
What does this mean ?
Well it means that somedays large amount of LEO is converted to BLeo and some other days , way too less . That is the reason Average is higher than Median .
LEO to Bleo weekly data
The first week is taken as only 1 date which is 28th February( 28th to 6th March) . 100 LEO was sent on that day . After that every 7 days data is taken here .
So from March 7th to 14th - 574,018 LEO was converted to BLeo . The highest was from April 11th to 17th - 638,894 LEO .
After that we are seeing a decreasing trend .
LEO lost as fees
Everytime you convert LEO to BLeo you have to pay 1 LEO as fees . Let us see that data based on weekly stats .
So You can see here that in the first week of March the amount of LEO as fees is highest , after that we are seeing a decreasing trend.
What does this actually tell ?
Well 1 LEO = 1 transaction of LEO to Bleo .
So 624 LEO as fees from March 7th to March 14th actually means the total number of LEO to BLeo conversion was 624 .
If you take the latest week , which is May 16th to still active which will end on 22nd May - 31.0 LEO as fees . Means 31 transactions of LEO to BLeo .
Number of unique users who converted LEO to BLeo daily
March 6th there was only 1 user who converted LEO to BLeo ( It is actually the LeoFinance team ).
Then 9th March had the highest number of unique users converting LEO to BLEO , after that it saw a bit of downward trend then it became more or less consistent .
Average number of unique users everyday converting - 27 .
Median of unique users everyday converting LEO to BLeo - 23.
It just means that atleast 23 unique users are converting LEO to BLeo everyday .
Final LEO to BLEO
3,098,372 LEO converted to BLEO .
In which BLEO received is actually 3,095,961 BLeo after 1 LEO fees .
So totally 2411 LEO is the fees till now for converting LEO to BLeo .
BLEO to LEO
Bleo to LEO daily -
Average BLeo to LEO daily - 27,365 LEO .
Median BLeo to LEO daily - 22,010 LEO .
What does the red , blue and yellow mean ?
Not much actually , red means high amount of convertion , blue is medium and yellow is low .
BLeo to LEO weekly -
More or less same trend as Leo to BLeo to be honest.
The April 11th to 17th saw both LEO to Bleo as well as Bleo to LEO in high amounts , not sure what happened that week .
Number of unique users converting BLeo to LEO
Well not many . Only couple of users who are taking this route . 3-4 users has been the trend recently .
Note
Note that I have made sure I have cleaned the data properly . I have removed all the refunds and made sure only those LEO which actually got converted to BLEO was taken into consideration .
Regards,
MR.
Posted Using LeoFinance Beta
Dang, I never would have guessed that much Leo was moving over to BSC. That is pretty crazy. I think I have only moved a small amount. Most of my investments in CUB come from other areas. I wonder how much of that LEO that is moving over there is going into CUB or if it is going into other stuff...
Posted Using LeoFinance Beta
I moved most of my LEO over to CUB, and have it staked in the LEO/BNB farm... I have bought more LEO on CUB as well. So, I traded some of my LEO to BNB to satisfy the pair needs...
Interesting! Thanks for letting me know. I have most of my investments in the CUB/BUSD farm.
Posted Using LeoFinance Beta
The bLeo BNB farm is good, it mints about half as much CUB... but has you holding LEO at under 50 cents when airdrops could come any day.
That is a great point!
Question: are these transactions performed when the LeoBridge is used?
Because this is exactly the kind of analysis we need to see how LeoBridge is doing. The community would be so much better served with analysis posts like this, for the sake of transparency!
So yes, because I think this is so important to do and share I decided to reblog your post :).
Posted Using LeoFinance Beta
Both when it is used and when it isn't used . I have grabbed the data for the whole period ( right from the time CubFinance was introduced ) .
Thank you very much :)
Posted Using LeoFinance Beta
Anyway to pull up what went through Leobridge so far or is that not possible.
Posted Using LeoFinance Beta
Have you done any swaps ? If you provide one transaction then I will be able to figure out because I need their address ( which is used for swapping )
Posted Using LeoFinance Beta
I wonder if the discrepancies between the average and the median is affected by all those BSC issues. I think there were quite a few failed transactions and people ended up waiting a while for the refunds.
Posted Using LeoFinance Beta
One of the reason ? Yes . Only reason ? No .
Because I just went back and excluded past 7 days data and more or less both average and median stays the same.
Posted Using LeoFinance Beta
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I'm curious how much of that bLEO is being staked into farming and how much of it is being sold for flat out CUB