What Will You Read?

In this analysis, You will read about Saber Platform. I went through Saber Platform and I Created a visualization showing the total amount of SBR locked over time and voter participation rates. Do You think How many wallets that have locked SBR actually voted on a proposal? How many wallets that have locked SBR actually voted on a gauge? Wallets that have voted on proposals and gauges? What trends are you seeing in voter participation?

What is Saber?

Saber is the leading cross-chain stablecoin exchange on Solana, providing the liquidity foundation for stablecoins, or a cryptocurrency whose value is pegged to another asset.

Method

For Locked SBR, I used lipside_prod_db.solana.fact_events and looked for Saber program id which is LocktDzaV1W2Bm9DeZeiyz4J9zs4fRqNiYqQyracRXw. In order to calculate users and volume, I joined flipside_prod_db.solana.fact_transactions table and set token to SBR which is Saber2gLauYim4Mvftnrasomsv6NvAuncvMEZwcLpD1.

• For the proposal and gauge, I used their exclusive table and examined it to answer bounty questions.

The below chart shows the total number of locked SBR and Unique users since January 1st. As you can see the total number of locked and total unique users decreased from January until now. Although there are some trends on this chart before February. After February the total number decreased below 10 times.

The below chart shows the total amount of SBR locked on Saber. It is logical that most amount locked in January because we have seen the previous chart and we know that the total number of locked increased significantly in that time. The highest amount of lock is 120M which happened On January 6th. I can see that on March 9th, 66M SBR locked. Obviously, a user locked that amount because the total number of locked was 7 at that time.

According to the below donut chart, Only 28% of users that locked their SBR have voted on Gauge. 71% of total users haven't voted.

Proposal and Gauge

You can see the total number of votes on a Guage from above 28%. This 28% of users voted more than 371 times on January 19th. There were to many ups and downs in the below chart but after March 28th, total number of voted decreased below 10.

According to the below chart, Only 2.1% of users that locked their SBR voted on a proposal. 97% of users haven't participated in proposals.

I found 8 users that voted on Gauge and Proposal. It means these 8 users participated in both of them.

Thank You for Reading!

Written by Hess

where

discord_id: hess#0890

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twitter_id: @hessaminanloo