Decred On-Chain: The Ticket Pool VWAP

A High Signal On-Chain Footprint

Introduction / Roadmap

In my previous piece “Decred On-Chain: A Look at Block Subsidies”, we explored the ultimate Network-Based indicator — block rewards, and their relationship to network valuation from the point of view of the network itself, miners, stakers, and the DCR treasury.

Within this article we will begin to explore and uncover the magic behind the ultimate Decred User-Based indicator — ticket data, and show how it provides a means for effectively gauging the HODL behavior of users within the Decred Network.

This article aims to be a foundational piece in understanding ticket data for future pieces, explain why it’s worthwhile analyzing, and hopefully provide some color for Decred-curious on-chain analysts within the cryptocurrency space. Below are the topics that will be covered within:

(1) Decred Tickets: What they are, functions they serve, and ticket parameters

(2) Analysis of User-Based Indicators in Crypto-Networks

(3) How Decred Tickets Break the Mold for User-Based Indicators

(4) Definitions of “HODLing” in Different Crypto-Networks

(5) Introducing the Ticket Pool VWAP

(6) Analysis of 14, 28, and 140 Day DCRUSD Ticket Pool VWAP

(7) Analysis of 14, 28, and 140 Day DCRBTC Ticket Pool VWAP

(8) Lifetime HODLers’ Cap+ Bottom Cap, Lifetime Participants’ Cap, Cumulative Cap, & Decred’s Lifetime Break Even (BE) Chart

(9) Closing Thoughts