Introduction

AAVE is a prominent decentralized lending protocol designed to facilitate lending and borrowing activities with different tokens. It operates by enabling users to deposit digital assets into "liquidity pools" as collateral, which in turn allows them to borrow against the value of their deposited assets. Additionally, users have the option to lend out their deposits, further maximizing the potential of their assets.

One of the key features of AAVE is its diverse range of decentralized finance (DeFi) instruments. In addition to the lending and borrowing functionalities, AAVE offers users the ability to deposit and stake AAVE tokens on its platform. By depositing AAVE tokens, users contribute to the liquidity pools and participate in the protocol's operations, thereby earning rewards and playing a vital role in the decentralized ecosystem.

This dashboard offers an intuitive overview of the depositing and staking of AAVE token.

Methodology

For the purpose of conducting this analysis, Flipside's data tables from the ethereum.aave and ethereum.core schemas have been utilized.

The analysis begins by examining the deposits and withdrawals collectively, providing insights into the overall deposit and withdrawal trends. Subsequently, we delve deeper into each specific action, exploring the details and patterns associated with deposits and withdrawals. Finally, we present an analysis focusing on AAVE staking and stkAAVE tokens, offering valuable insights into these aspects of the AAVE ecosystem.

By utilizing Flipside's data tables from the ethereum.aave and ethereum.core schemas, this analysis enables a comprehensive understanding of the various activities and trends related to deposits, withdrawals, staking, and stkAAVE tokens within the AAVE protocol.

References

More about the Author

Twitter: @SocioCrypto

Discord: SocioCrypto#1741

Flipside Profile: https://flipsidecrypto.xyz/SocioCrypto

Further Reading

• AAVE Borrow Durations

• AAVE Liquidation Analysis: Who is at Risk?