bytexplorers

Data

"Staking Activity on DEGEN"

If I asked you to build dashboards for this, would it be accurate? Or not? I bet a lot of the time, it would be wrong.

Here's why.

If you wrote your query to show staking activity on DEGEN, there is a chance your data is wrong if you started with the assumption that "Deposit function on xyz contract = Stake".

EXAMPLE

If you browse the MasterChef contract on DEGEN, all of the tx functions are simply "Deposit" or "Withdraw".

And, if you analyze the txns correctly, (nearly 100% of the time) the tx classification is either "Stake" or "Unstake".

Deposit = Stake
Withdraw = Unstake

Straightforward, right? Wrong.

The attached example shows a tx with the "Deposit" function, which would normally be classified as "Stake".

But, if you analyze the tx correctly, the classification is "Claim Rewards".

See the problem?

Wrong Classifications = Wrong Dashboards