MakerDAO Deposit, Repayment, and Flashloan Metrics

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    What is DAI?

    Dai is a stablecoin cryptocurrency on the Ethereum blockchain which aims to keep its value as close to one United States dollar as possible through a system of smart contracts and the decentralized participants which those contracts incentivize to perform maintenance and governance functions.

    What is MakerDAO?

    MakerDAO is a lending platform that was launched in 2017 on the Ethereum blockchain. It powers a decentralized stablecoin called DAI. DAI is pegged to the U.S. dollar, which is useful when crypto's financers want to exchange more volatile cryptocurrencies for a coin that's worth something relatively stable.

    What are Flashloans?

    Simply put, in a flash loan, funds are borrowed and returned within seconds and in a single transaction. The smart contract sets out the terms and performs instant trades on the borrower's behalf using the loaned capital. If the flash loan yields a profit, it is typically charged a fee.

    Methodology

    In this dashboard we will look at the deposits, repayments, and flash-loans on MakerDAO since the start of 2021. The data for this dashboard will come from the ethereum.maker tables of flipsides database.

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    Observations

    • In terms of users and events deposits have been decling on makerDAO since the start of 2021
    • There is huge weekly fluxuations in deposit volume on MakerDAO
    • about 90% of the assets deposited on the platform are WETH
    • many assets are only being deposited by one MakerDAO user

    Observations

    • Flash Loans became very active in terms of users and volume starting in October 2021.
    • WETH and DAI makeup amount 2/3rds of all flesh loan volume on MakerDAO.
    • In total only 2590 users have used makerDAO flash loans.

    Observations

    • In total 7.04K users made a total of 7.46K repayments on MakerDAO.
    • Repayment volume has been decling since the start of 2021.

    Conclusion

    • Deposits
      • In terms of users and events deposits have been decling on makerDAO since the start of 2021
      • There is huge weekly fluxuations in deposit volume on MakerDAO
      • about 90% of the assets deposited on the platform are WETH
      • many assets are only being deposited by one MakerDAO user
    • Flashloans
      • Flash Loans became very active in terms of users and volume starting in October 2021.
      • WETH and DAI makeup amount 2/3rds of all flesh loan volume on MakerDAO.
      • In total only 2590 users have used makerDAO flash loans.
    • Repayments
      • In total 7.04K users made a total of 7.46K repayments on MakerDAO.

      • Repayment volume has been declining since the start of 2021.   

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