Try Quests to earn cryptoVelodrome Health (Redux)
Introduction
Velodrome Finance, at its core, is a solution for protocols on Optimism to properly incentivize liquidity for their own use cases. Building on top of the groundwork laid out by Solidly, our team has addressed that first iteration's core issues to realize its full potential [1].
Liquidity Pools
Velodrome Finance lets customers exchange digital assets securely, with low costs and slippage. Slippage is the difference between an asset's market price and its execution price. This difference could result in fewer tokens (higher price) or more tokens (lower price) after a trade.
To provide access to the best rates on the market, velodrome identified two types of assets:
- correlated - for example stable coins (
$USDC,$DAI, etc.) - uncorrelated - for example
$LINKand$CRV
Velodrome Finance offers two different liquidity pool types based on token pair needs, Stable Pools and Variable Pools.
The protocol router evaluates both pool types to determine the most efficient price quotation and trade execution route available [2].
Method
In the current dashboard tired to evaluate the Velodrome performance by analyzing optimism.velodrome databases.
Swap, Liquidity Providing & staking activities assessed over time.
The main tables was used include: optimism.velodrome.ez_swaps, optimism.velodrome.ez_lp_actions &
optimism.velodrome.ez_staking_actions.
Total inflow changes volume to swaps pairs in 7, 14, 30 & 90 days have been presented.
Also Succeeded and failed transactions rate over past 60 days have been investigated
✍🏻 Conclusion
We can now answer the main question, "How healthy is this project?"
As of finding above, we saw that the number of active swappers, swaps transactions new swappers and swaps volume($) increased over time. although all of aforementioned metrics have had fluctuations over time and peaked at Jun 29th and fell and up again to date.
Fail transactions rate was over success transactions per minute over time.
7, 14, 30 & 90 volume percentage changes were positive and considerably increased.
Active and new LPers and Stake/Unstake interactors increased over time.
Taking these indicators into account, we can conclude that Velodrome finance’s situation is robust and the project are totally in a healthy state.
About:
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Author: HaM☰d
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Discord: 0xHaM☰d#8391
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Twitter: @arjmandi_hamed
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Email: h_arjmandi2012@yahoo.com
Velodrome Health
The Aims of Dashboard:
Create at least 5 metrics on Velodrome with a description for each that showcase traction and success in a data-driven manner.
Most importantly, your insights should help our readers answer the question "How healthy is this project?"
The following metrics will be assessed:
Swapping Metrics include:
> Swap transactions and active users count > > Swap volume > > New swappers Count
Success/Fail transactions rate
Liquidity Pools Interactions and turnover volume
Stake/Unstaking activities
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Hey there 👋!
Firstly, I appreciate you sticking with it until the conclusion.
I'm Hamed, a civil engineering Ph.D.
student interested in data analysis.
I've made many similar dashboards and visualizations since I started at Flipside in January.
Please take a look at my various contact details and let me know what you think.
🔭 Findings:
- According to the line chart above, the failed rate of swap transactions increased by more than 6% per day on some days, peaking at 11% on Oct 12th, 2022, and recently reaching 4.2% on Nov 11th, 2022.
- Overall the faille rate transactions are over than success transactions per minute.
- The shade of each dot on the dot graphs above represents the value of corresponding measures while the position on the x- and y- axis are the hour of day and day of the week respectively.
- From both dot graphs, the transactions have the most positive signal (high sTPM and low TFR) on Sunday morning and evening of each week, while Saturday & Wednesday show the opposite signal.
🏊 Trends of Top Pools on Velodrome
The following section charts show the health of the top 20 pools. The pools are ranked by their all-time volume
The data to generate the chart can be found in the table below to provide a more comprehensive overview of volume and swappers count change in the last 7, 14, 30 & 90 Days.
🔭 Findings:
As of charts above can be observed that the Jul & Aug, 2022 were the most volatile months for Velodrome in terms of transactions count, trading volume and generated fees. so that all three charts show the assessed metrics peaked at highest point in Jul 29th.
:hourglass_flowing_sand: The following visuals preset an overview of tail & success transactions rate over 6 month.
:mag_right: Findings:
As of charts right USDC/sUSD is the popular pool to attract most volume with 19% of assets volume. and the highest transferred volume took place on Oct 13th over to 8K.
Net liquidity volume peaked at over $30M in Jun 2th.
🥩 Velodrome Staking
By staking on velodrome, users can share part of the protocol fees.
According to charts below transactions to perform stake/unstake assets to velodrome increased over time and about 318.22K transactions performed to it in total.
VELO/USDC is the pool with the most users interactions among all pools with about 30% of transactions.
:mag_right: Findings:
According to charts above and right can be observed the numer of new stakers and new LPer (Liquidity providers) are increased over past 6 months, so that peaked at 3.9 & 3.3K in Aug 30th for New LPers & new Stakers, respectively.
Active Sstakers count peaked at 3.7K & 4.4K in Aug 30th & Oct 13th, respectively.
:mag_right: Findings:
Percentages change of Swaps volume, swappers count and total number of transactions are presented in the current sections visuals.
As can be seen OP/USDC has had the most swap volume($) in all assessed period times. (7, 14, 30 & 90 days). and in terms of swappers count WETH/USDC has had the most user adoption.
7 day percentage change for WETH/sETH was in the highest point than other pools.
