Overview of analysis

One of the most important topics related to each protocol is the activity and behavior of users. This analysis contains the interaction of Aave users on various parts of this protocol.

The behavior of users has been identified based on the following parts of Aave:

1. Depositors
2. Borrowers
3. Flashloan participants
4. Voters
5. Conclusion

Methodology

To handle this analysis, the data from Flipsidecrypto has been utilized. The following steps have been used in this analysis:

Step 1: Determine the users of various parts on aave

• Deposit
• Borrow
• Flashloan
• Voter

Step 2: Metrics

• Stats related to each part of Aave
• Last action before depositing of Aave
• First action after borrowing and Flashloan from aave
• Pattern of voters on Aave governance

Aave and importance of user analysis:

Aave protocol is tied to the concept of lending and borrowing; That is, like traditional banks, Ave provides facilities in the form of loans. Borrowing in centralized financial markets is not easy, But blockchain technology and the world of digital currencies have put a new solution in front of people. Ave is a decentralized and non-custodial liquidity protocol that users can use to participate in depositing and borrowing activities. This protocol is considered a reliable name in decentralized finance (DeFi) and has managed to gain a special place for itself. The Ave protocol is an open-source protocol that allows users to create their own decentralized financial markets on the Ethereum blockchain. Depositors are people who provide the liquidity of this protocol by depositing base cryptocurrencies in lending pools. Their goal is to earn money by getting rewards. On the opposite side, Borrowers are people who can borrow the property they want from the protocol, with or without collateral, which we will explain below.

Ref

The time frame of this investigation can be changed between (30, 60, 90, and 180 days) by logging into the Flipside crypto website.

Also, the time basis of this investigation can be changed between Day, Week, and Month.

By default the time period is considered for the past 60 days on the daily basis.