Aave and stAave Movements on Ethereum Mainnet

    $AAVE token usage tracker tool

    Intro and methods

    Supplying and Earning

    Supplying assets in the Aave platform is one of the easiest ways to earn yield in crypto.

    Plus earning yield, By supplying assets on Aave users can borrow different assets from the protocol based on the supplied amount.

    depositors share the interests paid by borrowers corresponding to the average borrow rate times the utilisation rate. The higher the utilisation of a reserve the higher the yield for depositors. (Source)

    $AAVE staking

    $aave holders can deposit their tokens into what the platform calls their “safety module”. The safety module is used “as a mitigation tool in case of a shortfall event”. In simple terms, if something bad happens to the market where depositors could lose some or all of their deposits, the contents of the safety module can be used to repay depositors.

    Also, the stakers mint $staave tokens, as a receipt for staking and when they unstaked the tokens, $sstavee will burn for receiving back their staked amounts.

    As compensation for taking on the risk, deposits made into the safety module will earn a regular return called a “safety incentive”

    • Note: You can calculate the estimated return considering any % of the eligible supply being staked in the here. (Source)

    For tracking $aave supply actions, I used ethereum.aave.ez_deposits and ethereum.aave.ez_withdraws tables and for the staking actions I used CONTRACT_ADDRESS = '0x4da27a545c0c5b758a6ba100e3a049001de870f5' ($stAAVE contract) in ethereum.core.ez_token_transfers table.

    ORIGIN_FUNCTION_SIGNATURE = '0xadc9772e' ($stAAVE minting function id) is used to find staking transactions and ORIGIN_FUNCTION_SIGNATURE = '0x1e9a6950' (burning function id) for unstaking actions.

    • Note: The default time frame of this dashboard is the last 365 days, and all the observations are written based on this time frame.

    Hello! This dashboard is an interactive tool to track $AAVE and $stAAVE movements on the Ethereum chain, you can set and starting date and a period to see how $AAVE token supply and staking activities in the Aave platform.