29.Solana-Solend

-- Create 3 Solend dashboards with a paragraph description 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? -- Additionally, create an metric that helps track ""what happens after a borrow of SOL on Solend""? -- Examples include how often this SOL is sent to a centralized exchange or how often that SOL is then swapped on Jupiter etc. -- Anything that you find interesting or insightful!

How Healthy is the Project ?

To answer this question we look at the following metrics for the past 10 days, looking at the metrics below, I would say the project is pretty healthy.

Solana Deposits
Solana Borrows
Solana Withdraws
Solana Repays

Solana Deposits

Till date 101.7K $SOL has been deposited since Feb 20, 2022
Highest deposit was 30.3K on Feb 25, 2022
Highest # of transactions were 11.92K on Feb 24, 2022
Also given below is the daily cumulative deposits over time, which tripled in 2 days from 23 Feb to 25 Feb.

Solana Borrows

Till date 260.8K $SOL has been borrowed since Feb 20, 2022
Highest borrow was 55.5K on Feb 24, 2022
Highest # of borrow transactions were 2.1K on Feb 24, 2022
Also given below is the daily cumulative borrows over time, like deposits, borrows really seem to have sky rocketed too in a matter of few days.

Solana Withdraws

Till date 174K $SOL has been withdrawn since Feb 20, 2022, so there have been more withdraws than deposits.
Highest withdraw was 80.8K on Feb 24, 2022
Highest # of transactions were 1K on Feb 24, 2022
Also given below is the daily cumulative withdraws over time.

Solana Repays

Till date 50K $SOL has been repaid since Feb 20, 2022
Highest repay was 15K on Feb 24, 2022
Highest # of transactions were 162 on Feb 24, 2022
Also given below is the daily cumulative repays over time.

What is Solend ?

Solend is the autonomous interest rate machine for lending on Solana Lending and borrowing has proven itself as being key in a DeFi ecosystem. However, current products are slow and expensive. On Solana, Solend can scale to being 100x faster and 100x cheaper. Solend aims to be the easiest to use and most secure solution on Solana.[1]

[1]https://docs.solend.fi/

Assets supported on Solend

Solend supports 18 assets currently for providing as collateral.
This is huge as compared to Anchor on Terra which has only 2 assets currently that can be provided as collateral.

What happens after a borrow of SOL on Solend ?

I wasn't able to conclusively link the borrowing address to the swapping address, therefore I am looking at the overall trend of swaps during the same borrow range.
Seems like the borrows are a lot higher relatively as compared to the overall amount swapped, which leads me to believe that not a lot of SOL borrowed is being swapped.

flipside