Gard.Money Algorand’s First Algorithmic Stablecoin Copy

    Q55:GARD is the world's first algorithmic stablecoin on Algorand's blockchain. Let’s look at the collateral debt positions(CDP) users are taking on. This is where users put ALGOs up as collateral and in turn get GARD(Asset ID 684649988) in return. Gard is a stable coin pegged to $1 in value.

    Intro

    Gard.money is the subject of this essay. Where can one find out how much GARD has been mined each day? How many GARD are minted in wallets every day? Gard.ALGO Money's fees have earned how much money for Gard? GARD is currently backed by an unknown amount of ALGO collateral.

    The aims of dashboard:

    • Visualization of daily GARD minting statistics

    • Keeping track of the daily issuance of GARD wallets. Over time, it's important to know how much Gard.ALGO Money's fees have brought in.

    • A look into what caused this What is the GARD's current ALGO collateral?

    The graph reflected the daily total for all Gard-created unique wallets, as shown by the numbers in the graph. Once again, the chart matches the total number of minted Gards now in existence.

    Each day, you can see how much GARD is being produced by looking at the graph below.

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    Total ALGOs paid for fees: 26.8k

    Remark

    • ALGO received a total of $26,8K in fees. It was necessary to generate more than one million GARDs in order to satisfy the collateral requirements for the 3.83 million ALGOs that were deposited as security. The findings indicate that the 12th of April is a significant day for all four of the metrics studied.

    By the end of the day, how much GARD was produced?

    From March 31st, 2022 to April 24th, 2022, the following queries and charts show the total quantity of Gard minted each day. As can be seen, around 523K Gard were minted on April 12th, 2022. Compared to the other days, this is the most. We can observe that most of the month's activities take place towards the beginning. After the 12th of April, the overall amount of Gard fell.

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