Introduction

Tracer is an open source smart contract protocol for derivatives that allows anyone to deploy a derivatives market from a Tracer Factory template to manage their digital and real-world financial risk.

One of the most interesting parts of the Tracer offering is the so-called Tracer Perpetual Pools, which would form the first derivatives market to be launched in a new primitive with no margin, no settlements, low cost and zero limits set on leverage.

Tracer's primary currency is the TCR, the Tracer DAO's governing token. The TCR gives its holder the right to participate in the governance of the protocol, and to vote on proposals. Proposals are community-driven and may include: research commitments, advisory roles, protocol updates, treasury management, software development, media partnerships, security audits, and a number of other important responsibilities.

Tracer DAO breaks DeFi's ground and enters a new level of liquidity as Tokemak ignites a TCR reactor. Tracer is one of only 5 projects to win the C.o.R.E. event and claim an initial reactor. Thanks to the vote that passed in Tracer's DAO, TCR holders can bank on the reactor and start earning TOKE. This is the first time there has been a single-asset wager for the TCR.

The liquidity provider's deposits are single-sided for Tokemak reactors, so users only need to provide TCRs. Users must simply deposit their TCR in order to receive tTCR, which is redeemable 1:1 for the reactor asset (TCR).

Thus, Tokemak is a protocol that allows tracer governance token holders (TCR) to seek further ROI by way of yield farming. But..., what is the popularity of Tokemak among tracer users? Let's see!

Methodology

To see the popularity of Tokemak among Tracer users, I have first selected those users who are holding TCR token and determined them as a Tracer users. I have chosen them from Ethereum erc20_balances table. Then, from that list, I have seen what of them are also holding tTCR, the Tokemak token to see which percentage of them are holding Tokemak tokens and determine the popularity. Finally, I have compared if there is a relationship between Tracer users who hold tTCR and their TCR balances.

Results

From a total of 1214 Tracer holders, 478 are holding tTCR as well, representing 39.4% of them. In my opinion, this is a good percentage because of almost 40% of the users are using as well tTCR. Then, there is a high popularity of the token.

Finally, if we compare Tokemak and TCR holders between TCR holders only, we can see clearly that the balance of TCR is higher for the second group. In fact, there is a huge difference between them. For the non-Tokemak holders, the TCR balance are around 1.88M. Instead, for Tokemak TCR holders, the average amount of TCR is around 1.07M.

Conclusion

To conclude, we have seen a good partnership between Tracer and Tokemak projects, not only for the big announcement and the functionalities that provide them to each other, but also because of the integration of them inside the Tracer community have been huge and a large percentage of users are using them right now.