Terra.Where’s The Pot of Gold?

    The share of locked bAssets on Anchor collateral and other applications of these assets are analyzed in this dashboard.

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    As shown in the tables, the percent of locked bLUNA on Anchor protocol is 60.5 and the share of bETH in collateralization to Anchor is 98.3.

    After obtaining these values for locked percentage, the other applications of these bAssets should be analyzed.

    Introduction:

    The Anchor Protocol defines a market between a lender seeking stable returns on its stable coins and a borrower seeking stable stocks. There are generally four types of users in the Anchor ecosystem, including lenders, borrowers, liquidators, and ANC liquidity providers.

    Borrowers can borrow stable coins by pledging staked assets. These types of assets are considered bonded assets. Bonded Assets are, in fact, the tokenized representation of users' staked assets in proof-of-stock blockchains. Collateralized Assets (bLUNA and bETH) are locked. The user can borrow UST tokens according to the Loan to value ratio specified by the protocol.

    The summary of results related to bAssets (bLUNA and bETH) are shown in the following tables. These tables contain, the total amount, locked amount and locked percent of each bAsset.

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    The other utilization of these bAssets on Terra ecosystem are shown in these two donut graphs. As shown in the first graph, 68.9% of not-locked bLUNA is utilized on Terraswap program to provide the liquidity of these swap program. In addition, 22.3% of not-locked bLUNA is used on Astroport.

    As shown in the second one, the 99% of non-collateral bETH is utilize on Terraswap to provide liquidity on ETH-bETH swapping pool.