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    Solend Demographics

    Q101.Solend is the leading lending protocol on Solana. What are the demographics of the Solend userbase? What is the user distribution by size of account? (How many have between $1-1,000, 1,000 - 100k, etc). Is the protocol largely influenced by whales, or by average Solana users?

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    Introduction

    1. Solend is a decentralised algorithmic lending and borrowing protocol built in Solana.
    2. AAVE on Ethereum, Anchor on Terra, and BenQI on Avalanche are similar lending and borrowing protocols on different chains.
    3. Lending and borrowing have shown to be crucial in DeFi and Solend aspires to be the most user-friendly and secure solution on Solana.
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    Method

    I used solana.core.fact_events table and filtered with

    instruction:programId = 'So1endDq2YkqhipRh3WViPa8hdiSpxWy6z3Z6tMCpAo'

    AND instruction:accounts[2] = '8PbodeaosQP19SjYFx855UMqWxH2HynZLdBXmsrbac36'

    AND instruction:accounts[3] = '8UviNr47S8eL6J3WfDxMRa3hvLta1VDJwNWqsDgtN3Cv'

    AND instruction:accounts[4] = '5h6ssFpeDeRbzsEHDbTQNH7nVGgsKrZydxdSTnLm6QdV')

    And I found the dollar distribution of the accounts that I use from Solend protocol.

    Conclusion

    Considering that those who use this protocol are mostly whales (83% more than 100k dollars), therefore, this protocol is largely influenced by whales.