Katana wLUNA Pool

Katana's primary offering is a suite of accessible vaults that execute automated yield strategies in the background. One of such vaults is its Wormhole LUNA covered call vault, which offers appealing yield opportunities on LUNA especially during times of volatility. Shares represent your ownership of a Katana wallet and are needed in the withdrawal process to then remove funds from the vault. Create a chart showing the amount of Katana WLUNA Covered Call Vault Shares claimed since February 4th and the number of unique wallets that have claimed shares. What is the average size claim? Does it seem that the wLUNA vault is mainly used by "whales"?

Introduction

Katana is a yield generation protocol for Solana offering a passive method to earn yield on digital assets and a suite of packaged yield strategies for different market views and risk-return profiles. At its core, Katana provides the infrastructure for complex yield strategies to be packaged into a simple vault interface.

In this dashboard, we are gonna analyze the Wormhole LUNA covered call vault in terms of wLUNA returned and LUNA burnt since February 4th.

Methodology

To do that, we will need to filter the Solana events occurred since February 4th. Then, we will need to find the wLUNA vault contract address, which is 3JU8iPVMrrhmct4RP7rTSBFwStv6oksEsSj4C6mkk2Yg, to be able to get only Katana wLUNA events and then, filter as well by Authority (FzJ3VxEBuKxpX6meAWtFeAmoGjN8xw8fVNnArKwDp4os) To get only the claims, which have to be the wallet who authorize the movements. Finally, from that concrete events we will need to extract the amounts.

Results

The amount of wLUNA over time seems to don't have a concrete trend. In February 12th had an spice reaching almost 100k wLUNAs. As well, in February 18th another spike took place but in higher dimensions. In this case, almost 500k wLUNA were transacted in a single day. The cumulative amount since Feburary 4th is 857k wLUNA.

The amount of LUNA burnt have been decreasing over time. On the first day analyzed, a total of 3k LUNAs were burnt. However, this number decreased dramatically over the next two days. From now, it seems like a waves are formed having a high value of approx 600 LUNAs and a minimum value of approx 6 LUNAs daily. The total LUNA burnt are more than 6240.

Finally, comparing both amounts, we can see how despite 2 extreme points, the rest form a positive correlation indicating that the total LUNA burnt depends on the amount of wLUNA transacted in Katana.

Conclusion

To conclude, we have seen a way to use LUNA, the Terra ecosystem native token in Solana. We have seen as well that the amounts used in the platform vary by day. There are like waves with good and bad days in terms of amounts.

IN general terms, we have seen as well how the daily average size of LUNA claimed have decreased over time.

To conclude this part, we can see the average wLUNA amount size over time. In therms of daily numbers, we can see how there are like a waves when this number spikes. The highest spike took place on February 18th with more than 55k wLUNA average size. However, the cumulative average size remained constant during the period of time evaluated around 10k wLUNA.

In fact, the average size fo claimed LUNAs have been decreasing over time, as expected with the previous results. The value have down from 3k to almost 500, which is a big dump.