Aave - 8. How does BTC funding affect rates?
Create a dashboard that shows:
Supply and lending rates for at least five tokens in Aave V2, and Total amount of Wrapped BTC supplied over time.
Provide analysis on the volatility of rates.
Measure the correlation between USDC borrow rates and total wBTC supplied.
In the table below, the rates were checked based on the tokens: 1- Liquidity 2- Dollar supply volume 3- UTILIS RATE 4- DEPOSIT RATE 5- STABLE BORROW 6- VARIABLE BORROW
In the following chart, the following rates were compared to the grouping of tokens:
- UTILIS RATE
- DEPOSIT RATE
- STABLE BORROW
- VARIABLE BORROW
In the following chart, the following rates were compared to the grouping of tokens:
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DEPOSIT RATE
-
STABLE BORROW
-
VARIABLE BORROW
Conclusion:
In this dashboard, we examined BTC funding affect rates and based on this→
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The largest volume of supply is for WETH
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The largest landing volume is for USDC
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The volume of WBTC supply is about 640 million dollars
Result: It seems that when the supply volume of WBTC was low, the STABLE BORROW rate was intermittent, and when the supply volume of WBTC increased, the STABLE BORROW rate was relatively fixed and only slightly increased in October 2021.
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