Introduction

> Use your NFTs as collateral to borrow ETH or deposit your ETH and earn yields instantly!

above quote is what BendDAO tells on it’s website.

borrowing is a great part of all Defi ecosystems and it facils get loan without any real trouble in compare to real Bank loans.

what BendDAO is doing is a lot more useful feature. assume you are an NFT trader and you need some ETH but you don’t have any. so what you do is to use your NFTs as collateral and then borrow ETH against them.

Methodology

we track some deposits and withdrawals in etherscan and find out below data to solve this bounty.

since there is ETH that is transferring between users and BendDAO, so the suitable table is ez_eth_transfers
BendDAO WETH gateway for both deposit and withdraw is : 0x3b968d2d299b895a5fcf3bba7a64ad0f566e6f88

for deposits:

IDENTIFIER='CALL_ORIGIN' and ORIGIN_FUNCTION_SIGNATURE='0x58c22be7'

for withdrawals:

IDENTIFIER='CALL_0_5_0' and ORIGIN_FUNCTION_SIGNATURE='0x36118b52'

so base by these filters we have find deposits and withdrawals.

bounty asks for data from past month so we have filtered all queries to start from 30 days ago.

Analyze

as bounty asked we will analyze deposits and withdrawals into BendDAO over the past month.

we will first analyze deposit action as per day and a total statistics too and do the same for withdrawals.

this chart shows ETH value by USD deposited into BendDAO.

we should note that these amounts are ETH value at the time of deposit. that means the USD amount is the amount on that time and it is not by current ETH price.

in the previous chart highest amount was deposited on Aug 25th and so amount by USD is highest on that day too.

here is ETH amount that users have deposit into BendDAO per day.

again from Aug 18th there is a increasing trend for ETH amount deposit per day.

on Aug 25th about 9.4K ETH has been deposited into BendDAO which is highest amount per day since 30 days ago.

start of August there is no clear trend but from 18th we see a increasing amount of ETH deposits.

also this chart is as the same as the previous one but in USD.

these amount are by price of ETH at withdraw time.

on Aug 20th about 25.7M USD were withdrawn from BendDAO.

after we saw all data from depositis now it’s time to check withdrawals too.

this chart is number of unique user who had withdraw ETH into BendDAO since 30 days ago.

like deposit charts, from Aug 18th there is a increasing trend for number of unique users.

on Aug 21th, 55 unique users had withdrawn from BendDAO which is highest number of users per day.

Here is ETH amount withdrawn per day since 30 days ago.

on Aug 20th about 15.7K ETH were withdrawn by users which is highest amount per day.

ETH withdrawn amount is increasing in compare to first days of August.

This chart shows unique depositors per day from 30 days ago.

base by our filter for deposits we have came to this result.

number of unique depositors per day in most days are below 20 unique users.

from Aug 18th there is a increasing trend for number of unique depositors per day.

and on Aug 21th the most number of depositors have used BendDAO which there was 57 unique users per day.

it seems that this metric is increasing in compare to start of August.

And here is total statistics of BendDAO ETH deposits since 30 days ago.

since 30 days ago 257 unique users have deposit into BendDAO.

also about 61K ETH has been deposited by these uers.

which is about 101.4M USD by ETH price at the time of deposit.

these numbers are total withdrawn statistics since 30 days ago.

total unique users that have withdrawn ETH were 211 users.

these users have withdrawn about 58.4K ETH.

which is about 96.1M USD base on ETH price on the time of withdraw.

Result

we have analyzed BendDAO deposits and withdrawals from last 30 days ago and came to this data:

257 unique users have deposit into BendDAO.

about 61K ETH has been deposited by these uers.

which is about 101.4M USD by ETH price at the time of deposit.

total unique users that have withdrawn ETH from BendDAO were 211 users.

these users have withdrawn about 58.4K ETH.

these withdrawn is about 96.1M USD base on ETH price on the time of withdraw.

Appendix

BendDAO: WETHGateway: 0x3b968d2d299b895a5fcf3bba7a64ad0f566e6f88