Try Quests to earn cryptoIntroduction
what is reaper farm?
Reaper leverages the power of compounding interest, using various yield-generating strategies in tandem with bots to help users automatically compound + reinvest their gains for higher yield.
reaper farm now support optimism chain and user can benefit from extra yield.
Docs: Link
Website: Link
Method
contract and summary on how I collected the data:
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to find Farm Addresses using contract deploying transcations which the contract deployer are
0x4c3490df15edfa178333445ce568ec6d99b5d71c' and '0x3b410908e71ee04e7de2a87f8f9003afe6c1c7ce' -
with help of Farm addresses we can collect all information about Deposit and Withdraw, we prepared a query that can show us all the information such as Action type(withdraw or deposit), Amount and Amount_USD, symbol and other helpful data.
query: LINK
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our approach: for answering the bounty questions:
- first we will look at all the stats that are related to Deposited, Withdraw and TVL on reaper Farm such as Total and daily deposit or withdraw Volume and other valuable data
- we will dive deep into each Farm or Vault and see the TVL of them over Time and the current TVL, and also we have TOP Farms base on Deposit and withdraw Volume
- we also will take a look on Treasury and see how much USDC are there
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some necessary definition base on provided data:
==TVL:== Total Value Locked
All the Volume numbers are in USDC
I used all the available data on flipside without limitation
our insight will be base on daily Timeframe.
Conclusion
- Total locked value is 14.17M USD and Most deposits were made in October that means the main growth of TVL was on October
- The daily growth of the number of active users on the platform can be clearly seen
- recently the daily average amount of deposit fluctuates between 5K USD and 15K USD
- Recently, farms related to sonne have grown well and The highest amount of deposits belongs to USDT Sonne and USDC Sonne forms
- Users have deposited an average of 30K USD each so far
0x290e28bf4fbb5abf8d7830496847d783f5a67007This address has so far locked about 5.16M USD value on the platform- reaper farm treasury has collected up to 5.79K USDC so far
Observations
Users have deposited an average of 30K USD each so far, and another interesting point is that 277 users out of the total number of users (596) have not made a withdrawal and only deposited.
0x290e28bf4fbb5abf8d7830496847d783f5a67007 This address has so far locked about 5.16M USD value on reaper Farm and it is about 10 times the second rank with about 500K USD locked value.
Observations
So far, about 17.9M USD has been deposited to the platform of which about 3.74M USD of them has been withdrawn, resulting in a locked value of about 14.17M USD. In total, about 598 users have been involved in these deposits and withdrawals.
Most of these deposits were made in October, and our highest deposit was on the second of November with an amount of around 1.2M USD. We can clearly see that the growth of TVL coincided with the growth of deposit amounts and this growth has continued until now. The number of deposit transactions has also grown a lot this month, and we even reached 116 deposit transactions on October 8, and recently this number is at the level of over 50 deposit transactions.
In November, we had the highest number of depositors with 71 users, and the most remarkable thing is the upward trend of active users, which is very intense. The number of withdrawal transactions and withdrawers are at a lower level than deposits stast.
Recently, the daily average amount of deposit fluctuates between 5K USD and 15K USD
Observations
Here are some points that we can see:
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Aave WETH Vault (rf-a-WETH) Farm has the highest locked value among others with 2.62M USD, so that 18.5% of the total TVL of the platform belongs to it.
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Recently, farms related to sonne have grown well
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The highest amount of deposits belongs to USDT Sonne and USDC Sonne forms