I have made a small research what largest rewards receivers do with their tokens.
I decided to check what biggest rewards receivers (both LP and trading) do with their tokens
No expert in Dune so I did it manually some numbers are a little rounded
I excluded wintermute because of their structure moving tokens to multisig etc
Here is a list of 25 wallets which got 2/3 of all rewards in last 5 Epochs (17-21)
My findings are:
Out of 10,671,967 rewards 98.96% were sold and most of the time immediately after claiming.
Why biggest users of dydx don’t want to hold a token? Lets discuss