Overview

AAVE is a decentralized lending protocol that allows users lend and borrow different tokens. Users deposit digital assets into "liquidity pools" as collaterals and on the basis of mount of collaterals they can borrow. Also users’ deposits can be used for lending.

AAVE offers diverse defi instruments, the most interesting which is Flash Loan. Flash Loans allow users to borrow any available amount of assets without putting up any collateral, as long as the liquidity is returned to the protocol within one block transaction. To do a Flash Loan, you will need to build a contract that requests a Flash Loan. That’s why Flash loans is designed mainly for developers. However, some tools have been developed that makes using AAVE flash loans possible for non-developers as well.

This dashboard provides and overview of users who have used Flash Loans in 2022. \n

Descriptives

Graphs below show the amount and number of flash loans as well as the number of unique users over time.

note: By default graphs show the data on daily basis. However, you can change this setting to weekly or hourly using parameter setting above this dashboard.

Flash Loan user profile

Three variable have been used to profile flash loan users:

• Balance in current_date-1
• Number of transactions per day
• Contract used

In the below, the distribution, average and median of two former variables can be found.

Graphs next to this box shows the most popular token to be used in flash loans. We can see that wETH has been used most frequently and USDC has been used by the greatest number of unique wallets.

More than 80% of flash loans have been done by USDC, wETH, WBTC and DAI.

Graphs below show what contract have been used most by Flash Loan users.