Avalanche is an open source platform for launching decentralized financial programs and deploying enterprise blockchains in a highly scalable, interoperable ecosystem. Developers working on the Avalanche platform can easily build powerful, reliable, and secure applications and custom blockchain networks with a complex set of rules, or use existing private or public subsidiaries. The goal of the Avalanche platform is a kind of global asset exchange that allows anyone to launch or trade any type of asset and control it in a decentralized manner using smart contracts and other advanced technologies.

Introduction:

The depositor is the one who lends the UST Stablecoin to the Anchor money market. The deposited Stablecoins are placed in a pool and given to the borrowers. Loan interest is also distributed among them in proportion to the amount of capital deposited by each user.

Depositors receive newly generated anTerra tokens in return for their deposit. aTerra represents the depositors' share of the Stablecoin pool and can later be converted into an initial deposit amount.

Daily number of unique depositors from Avalanche and Terra blockchians are shown in this figure. As shown in this figure, the start time of cross-chain application was Mar 16, 2022. The daily number of depositors fro Terra blockchian was much higher than Avalanche. Its normal because Anchor protocol is one of the main projects of Terra blockchian and the users of this blockchian are more familiar with Anchor protocol.

The daily volume of deposited UST from Avalanche users (through Wormhole) and Terra users are shown in this chart. As shown in this chart, the deposit volume of Terra users is constant over the time. Although, the deposited volume by Avalanche users is grown in the period and experienced the highest amount in the Mar 18 with near 26.4 million UST.

The daily volume of UST mint by users of Avalanche and Terra blockchian are shown in this figure. As shown in this figure on Mar 30 from the last week, the volume of UST mint was over 8.7 million UST. The trend of daily minted UST is demonstrated in this figure, respectively.

Summary:

In the summary part, the total application of Anchor protocols earn side from users of avalanche and Terra blockchian are presented.

The below table shows the total number of users and volume of deposited UST from Mar 16, 2022. As shown in this table, 3140 unique user from Avalanche blockchian are deposited over 7 billion UST to earn yield from Anchor protocol.

After considering these definitions, the cross-chain application of Avalanche users into the Anchor protocol is studied in this dashboard.

The daily number of depositors and volume of deposit are estimated and compared to the users of Terra blockchian.