Introduction

Out of all the protocols, now we will look into the Soland protocol, and discuss about the deposits, withdrawn and borrowing.

→ Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana.

→ The AAVE on Ethereum, Anchor on Terra, and BenQI on Avalanche are all similar protocols for lending and borrowing money.

→ Lending and borrowing have shown to be crucial in DeFi and Solend aspires to be the most user-friendly and secure solution on Solan.

→ With Solana, Solend can scale to be 100x faster and 100x cheaper.

→ On Solana, Solend aims to be the most secure and easy-to-use solution.

→ With Solend, you can:

• Earn interest
• Borrow
• Leverage long
• Short

Q. Choose a defi protocol from the following list and create a dashboard with the new Flipside layout that can refresh once a day highlighting at least 4 metrics of your choosing that helps show the "health" of the protocol and what is happening on it.

As we can see, the deposited SOL since June 1st was 32.8M, and the withdrawals is 89.9K. So, here we clearly know that deposited SOL is is greater than withdrawal SOL.

Also, the borrowed SOL since June 1st was 88.1M, and repaid SOL was 6.98M.

In the above graph, we can see that SOL deposits by day wise from June,’22 to till now. The highest SOL deposits happened in June 16, i.e., nearly 6 Millions, and the lowest transactions happened in July 3rd, i.e., only 11 SOL’s deposited.

As we can see the number of deposits by day-wise since June. In the initial days of June, the deposit rate was medium, i.e., it was approximately 4K. Later, from June 5th to June 10th deposits was not happened. June 13 has the highest number of deposits happened, that was nearly 7K.

As we can see, the cumulative daily deposited SOL amount. There was no cumulative deposits in the first 14 days of June. Later, from June 15 the cumulative deposits were increasing constantly.

As we can see, the SOL withdrawal by day-wise and number of withdrawals happened in that day. In the first 15 days of June, withdrawals was happened in an average pace. Later, from June 16th withdrawals was decreased drastically. The highest number of withdrawals happened in June 13(170 withdrawals).

As we can see, the SOL borrowed by day-wise and number of borrows happened in that day. Only in the first 18 days of June, borrows was happened in an average pace. Later, from June 16th borrowals rate was decreased drastically. The highest number of borrowals happened in June 11(16.3K borrowals).

As we can see, the SOL repaid by day-wise and number of repays happened in that day. Repaid rate was very low. On June 14, 3 repays happened, on June 15th, 4 repays happened. Later, on June 27th & 28th 2 repays happened. So, the overall repaid rate was very low.