Try Quests to earn cryptoAAVE and stAAVE movements
Introduction
AAVE's goal is to create an algorithmic lending marketplace where users can do two things:
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Invest money in pools to create liquidity. This will allow them to offer loans to other users, and earn profits in the form of interest for their role as liquidity providers.
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Create a platform capable of offering loans with various collateral, collateralization options and operating policies. This in order to adjust to the needs of its users and different markets. The operation of these two options is simple. First, if you want to be a liquidity provider, all you have to do is invest your money in the pools within AAVE. In this way, with each new loan made by the platform you will get a small profit that will be translated in the end in the total profit of your investment.
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On the other hand, if you are a user who wants a loan, all you have to do is interact with the platform. At this point, AAVE will ask for collateral in exchange for offering you the loan in question. You basically pawn your cryptoassets in exchange for the loan, once you repay the loan, the platform will refund you the full amount of the pawned cryptoassets.
These are the basic functionalities of AAVE, and at all times they have a clear objective: to offer a secure and decentralized lending platform.
In this analysis we will focus on AAVE and stAAVE movements. More specifically, we will analyze the following data:
- AAVE supply
- AAVE withdrawn
- Daily staked and unstaked
- Cumulative staked and unstaked
In the first two graphs we have analyzed the AAVE supply and AAVE withdrawn. We can see that the two graphs are very similar. They have a very similar trend. First of all, we see that during the first months of 2021 there was more activity than the rest of the 2 years. However, during the last months we have observed that there has been more AAVE supply than withdraw.
On the 12th of May, the amount of one and seven tenths of a billion dollars was supplied, and on the same date two and a half billion dollars were withdrawn, almost double. On June 13th, eight hundred and three million dollars were supplied, and on the same date, one and nineteen billion dollars were withdrawn. But if we go back to the beginning of the year, we can see that there has always been more supply than withrdaw during the spikes.
\n In the last two charts we have analyzed the daily and the cumulative staked and unstaked. During January 2021 until today, we can see that there is quite a big difference, as there are more staked than unstaked at AAVE. Even so, we see that during this year the unstaking has increased in the tokens. The amount people who stacked are more but in low volume ,and people who unstacked are in higher volume which might be sign of whales doing unstacked more often. As of today, there is approximately 5B of unstaking, while there is approximately 6.5B of staking.