Overview

Stablecoins are instrumental in decentralized finance. The earlier launched stablecoins like USDT are pegged to USD. However, the recently launched stablecoins are algorithmic and/or backed by cryptos. GARD is the first algorithmic stablecoin on Algorand's blockchain that is backed by ALGO.

In GARD.money users can deposit ALGO to mint GARD. Then, they can employ GARD in any defi protocols to earn yield.

This dashboard keeps track of total value locked on GARD.money and provides an overview of GARD mints, deposits and withdrawals.

Method and DATA

TVL is measured in two ways: One is based on the amount of ALGO used as collateral asset. The other is normalized TVL which is based on the USD value of collateral asset in times of deposit and withdraw.

For the purpose of this dashboard Flipside’s ALGORAND database has been used.

The dashboard is updated on daily basis.

Graphs below depicts the number of unique wallets have minted GARDs as well as GARD minted amount per day.

Graphs below show the daily amount of ALGO deposit (adding collateral) and withdrawal (repaying collateral). The net collateral (TVL) can also be found in the graphs.

Top deposits and depositors

Below top deposits as well as top depositors in terms of total ALGO deposited amount are listed.