Question:

Submit any dashboard you think is worthy of being shared with our partners, and with the world. We’ll select the best for payment and amplification through our social and content channels. (Please note that many dashboards submitted to this bounty will not be rewarded with payment — only the best of the best will do here.)

Overview of Analysis:

In this open analytics bounty, the performance of Mean Finance has been investigated on Optimism and Polygon networks that supported by the protocol.

The schematic of dashboard contains 4 main parts based on the terms and application of Mean finance as below:

• Opening positions
• Increasing positions
• Withdrawing swapped tokens
• Position termination

What is Mean Finance:

Dollar-cost averaging (DCA) is a strategy where an investor invests a total sum of money in small increments over time instead of all at once. The goal is to take advantage of market downturns without risking too much capital at any given time.

==Mean Finance is the state-of-the-art DCA open protocol that enables users (or dapps) to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency, without sacrificing decentralization or giving up personal information to any centralized parties.== The protocol is designed in such way that users get protection against volatility, while market makers are well-incentivized to execute the trades.

> The purchases occur regardless of the asset's price and at regular intervals. In effect, this strategy removes much of the detailed work of attempting to time the market in order to make purchases of assets at the best prices. > > - Investopedia

The interaction and application of Mean Finance have been shown in details as below graphic. The source of graph is Mean Finance.

Part 1: Opening position

Key findings:

The first actions users done in the Mean finance is opening positions. The summary of findings are:

• USDC token is the most dominated currency for both Optimism and Polygon networks.
• The Optimism network is the active one from the opening positions point of view.
• The break point of position opening on Optimism was August 19, 2022 and after that date Optimism takes the lead.
• The application of Mean finance on Optimism has been enlarged since August and this has huge impact on networks share.
• The newcomers to protocol have been captured by position opening and from this aspect, the Optimism network has more newcomers than Polygon.

Part 2: Increasing positions

Key findings:

One of the most used actions by Mean Finance users is Modify a position by increasing it. The outcomes related to increasing positions on Mena finance by the users of two networks are as below:

• The USDC and DAI tokens are most dominated tokens for increasing positions on Mean finance on both networks.

• According to the results, the share of users increased their positions on Polygon network is higher than Optimism.

• The cumulative graphs have been validated the high usage of Polygon network users for increasing their positions but in the final days of August, the Optimism network users on Mean finance have reached to Polygon users.

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Part 3: Withdrawing swapped tokens

Methodology:

According to the DOCs of Mean Finance, the address of this protocol is not different for Polygon and Optimism networks:

• The main address of Mean finance

  ORIGIN_TO_ADDRESS='0x059d306a25c4ce8d7437d25743a8b94520536bd5'

• The function signatures are varies for different actions:

  Open positions→ ORIGIN_FUNCTION_SIGNATURE='0x6b29e1bd'

  Increasing positions→ ORIGIN_FUNCTION_SIGNATURE='0xded700a6'

  Withdrawing swapped tokens→ ORIGIN_FUNCTION_SIGNATURE='0x17621890'

  Position termination→ ORIGIN_FUNCTION_SIGNATURE='0x72ada4c5'

Key findings:

As a main part of Mean finance, the withdrawing swapped tokens has been investigated on both networks and the outcomes are as below:

• The most used token for withdrawing after swap from Mean finance on Optimism is OP token and for Polygon is WETH.
• The share of Optimism network for withdrawing swapped tokens from Mean finance is higher than Polygon by considering both count of transactions and users.
• The cumulative analysis reveals that the difference between Optimism and Polygon networks for withdrawing swapped tokens has been increased over time.
• The highest withdrawal of swapped tokens on Optimism happened on July 2, 2022.

Part 4: Termination of positions

Key findings:

Users can also choose to terminate their position at any point. When this happens, the position is destroyed, and all remaining and swapped balance is returned to the user. The summary of results for this action are:

• In both networks the USDC token has the highest application for position termination on Mean finance.
• The share of position termination on Mean finance on networks are really close together. From the users point of view, the Optimism has more users who terminated their positions than Polygon.
• The cumulative analysis shown the increasing trend on position termination on Polygon network specially on August 21 and after that date, the Polygon network takes the lead.
• June 28, 2022 is special date that the largest position termination for both networks happened on that date.

Conclusion:

This investigation is about the application of Mean Finance on Optimism and Polygon and has been made a detailed comparison on these networks by taking into account the main actions on Mean finance.

• The general application of Mean finance on two networks are close but Optimism has more usage than Polygon.
• The USDC token is the most used asset on both networks but from the withdrawing swapped tokens point of view, the OP on Optimism and WETH on Polygon dominated the action.
• The Optimism network has crucial impact on increasing the application of Mean Finance because it captured more newcomers than Polygon network.

References and useful links:

• Mean Finance DOCs
• Official Website
• Mean Finance on github

Author:

Credited by MZG

Discord handle: m.zamani#0361

Twitter handle: @GargariZamani