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    Stablejack V2 User Radar

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    Flipside AI

    The StableJack ecosystem reveals significant concentration risks across multiple tokens: the top xAVAX wallet controls 41.67% of holdings, the top aUSD wallet dominates 77.63% of all tokens, and the aUSD Rebalance Pool sees the top depositor controlling 38.2% of liquidity. Despite these centralization concerns, the protocol shows promising user growth, with xAVAX expanding from 99 to 632 holders and aUSD reaching 953 holders by February 2025, alongside an impressive 78% user retention rate for the December 2024 cohort.

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    Intro

    Stable Jack is a yield, volatility, and points trading platform for any assets including cryptocurrencies, stocks, commodities, and bonds.

    Stable Jack allows users to exchange the yield, volatility, and points of the collateral asset while maintaining their principal. This will allow new DeFi primitives to be built on yield-bearing assets, lending markets, DEXs, or volatile assets. Yield Token, which is tokenized as a stablecoin will accrue the leveraged yield/points of the collateral asset while Volatility Token will be exposed to the volatility of the collateral asset with leverage. Both tokens will be perpetual and won't have a maturity date.

    This dashboard is designed to provide a detailed analysis of user activity on the StableJack protocol and focuses on two key metrics: retention ratio (how well the protocol retains its users over time) and identifying new users to the Avalanche chain. These insights will help track user behavior, engagement, and growth trends.

    • StableJack users are identified as those who have interacted with the following key protocol components: Jack market contract, aUSD, xAVAX, aUSD Rebalance Pool, rsAVAX minting.

    This approach ensures accurate tracking of user activity specific to StableJack's ecosystem.

    Credit

    Special shootout to 0xDataWolf and 0xHaM-d for their code snippets that were skillfully adapted for Retention Cohorts sections of the dashboard.

    Retention Cohort

    Retention Cohort

    In this section, we delve into user retention by segmenting data into monthly cohorts to track their ongoing engagement.

    • Horizontal analysis allows us to identify noteworthy behavior within each cohort. For example, we observe particularly robust and consistent retention in the most recent cohort, possibly indicating early adopters who are highly loyal.

    • Vertical analysis reveals retention trends over time, helping pinpoint when users may lose interest in the product and churn. Additionally, it offers insights into the influx of new users, particularly evident in the new users column.

    • Diagonal analysis provides a comprehensive view of retention across all cohorts, offering valuable insights into the overall effectiveness of the product.

    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.