Solana Protocol Feature
Q97. Choose a defi protocol from the following list and create a dashboard with the new Flipside layout that can refresh once a day highlighting at least 4 metrics of your choosing that helps show the "health" of the protocol and what is happening on it. Note any noticeable trends or current events for the protocol. Highlight how liquidity is flowing in and out of the protocol and which pools are popular.
Question
Q97. Choose a defi protocol from the following list and create a dashboard with the new Flipside layout that can refresh once a day highlighting at least 4 metrics of your choosing that helps show the "health" of the protocol and what is happening on it.
Note any noticeable trends or current events for the protocol. Highlight how liquidity is flowing in and out of the protocol and which pools are popular.
- The bar chart on the left shows the number of unique wallets that have deposited into Friktion’s Crab Volt over time.
- As can be seen, the overall trend of number of depositors have been steadily declining over time.
- There are several days in April where more than 40 depositors have deposited into the Crab Volt in a single day.
- However, the number of depositors have not exceeded 30 depositors a day since the beginning of June.
- The bar chart on the left shows the number of unique wallets that have deposited into Friktion’s BTC Covered Call Volt over time.
- Similarly, the overall depositor trend of Friktion’s BTC Covered Call Volt have also been declining.
- The number of depositors reached a high on June 28th with a total of 63 depositors.
- There are less than 10 depositors on most days in July.
- The bar chart on the left shows the number of unique wallets that have deposited into Friktion’s mSOL Covered Call Volt over time.
- The mSOL chart shows that there were over 2.1k unique wallets deposited into Friktion’s mSOL Covered Call Volt on March 30th, which is extremely massive.
- Other than that, on average there were less than 100 wallets deposited on a daily basis.
- The bar chart above shows the number of unique wallets that have deposited into Friktion’s ETH Covered Call Volt over time.
- Image taken from Friktion enables Cross-Chain deposits from Ethereum and Avalanche.
- When comparing the ETH Volt to prior volts, we can see that the number of unique wallets deposited into the ETH Volt has been quite stable.
- Despite the current bearish outlook in the financial industry as a whole and dropping in token values, there have consistently been between 5 to 15 wallets deposited into the ETH Covered Call Volt per day since April.
- According to the image, Friktion implemented cross-chain deposit functionality for Ethereum and Avalanche on June 1st.
- Friktion's goal is to allow users of any chains to access to risk-adjusted yield generating strategies, known as Volts
- Therefore, this results in a relatively stable deposits when compared to other Volts.
Conclusion
- Friktion’s Crab Volt, BTC, and mSOL covered call volts have been declining over time in terms of number of depositors.
- Nonetheless, the number of depositors for ETH Covered Call Volt has remained quite stable over time.
- This is because Friktion launched a cross-chain deposit functionality for Ethereum and Avalanche on June 1st, allowing more users to benefit from the Volts and resulting in a minimal decline in depositors.