Introduction:

Katana is a platform that generates yield on Solana ecosystem. By the use of Katana, users can create yield on the crypto assets. Katana suggests vaults to automatically produce yield strategies. In this dashboard, the 5 covered call vaults with a TVL of over $1 million (SOL, mSOL, BTC, ETH, wLUNA) are examined in the Katana platform to find the most popular covered call vault.

The investigation time frame is considered from February 1st.

This section is about the daily deposit and withdraw for each of the 5 covered call vault on Katana platform. As can be seen from this figures, the withdrawal volume of Sol and ETH covered call vaults were higher in the first week of February. After that, the daily deposit of Sol covered call vault became higher by numbers. The BTC and MSOL covered call vaults are very aggressive from the increase of daily deposit specially on Mar 10 and 11.

By summing up the results from these 5 figures, it can be seen that the MSOL covered call vault has the highest rate of change from the volume of deposit point of view. Also, ETH covered call vault is the worst one in this category.

Deposit and withdrawal on each covered call vault

User participation on each covered call vault

The daily number of unique wallets that participated on each of these 5 covered call vault is shown in this figure. As shown in this figure, the number of participants for SOL covered call vault was higher than other ones most of the times.

If we want to talk about the rate of change, the wLUNA had the great participation in the middle of time frame but has decreased in the following days. The positive rate of change belong to Sol and mSol covered call vaults as can be seen in this figure.

In this study, the total number of participants in these 5 covered call vaults is 1591 unique user from February 1st. Among these users, 355 user participate on more than one covered call vault. Therefore, the percentage of joint participation for these 5 covered call vault users is 22.31%, accordingly.

The percentage of participation in these 5 covered call vaults is shown in this pie figure. As shown in this figure, the SOL covered call vault has the highest participation rate as expected with 65.1% of users. By analyzing this figure, we can conclude that the Sol covered call vault seem to have the most crossover among top 5 Katana covered call vaults and used by users of other covered call vaults.