Introduction :

Mean Finance is the state-of-the-art DCA open protocol that enables users (or dapps) to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency, without sacrificing decentralization or giving up personal information to any centralized parties.

Positions :

Mean Finance allows users to exchange ERC20 tokens for others ERC20 tokens. In order to do so, users will need to create a Mean Finance position with the following properties:

• From: ERC20 token to sell

• To: ERC20 token to buy

• Rate: amount of token "from" to swap for their "to" equivalent at the time of the swap

• Amount of swaps: how many swaps to execute

• Swap interval: daily, weekly,..

Actions :

users can create a position at any time. Once their position is created, there are some actions that they can perform on them.

• Modify a position

Users can choose to modify their positions in a few different ways. They can Add more funds to their position

 For example, increasing the rate from 5 DAI to 10 DAI

 Remove funds from their position

 For example, reducing the rate from 5 DAI to 3 DAI

 Reorganize the available funds

Now , only a position's "rate" and "amount of swaps" properties can be modified. The "swap interval", "from" and "to" properties cannot be changed. Withdraw swapped balance

• Terminate a position

Users can also choose to terminate their position at any point. When this happens, the position is destroyed, and all remaining and swapped balance is returned to the user.

The Question :

• Over the last month, what volume of assets are Mean Finance (Polygon) users opening positions with (selling)?

• What assets are they dollar-cost averaging into (withdrawing swapped assets)?

• Note any large positions that don’t make sense on Ethereum due to transaction fees.

Approach :

  - items used :

  - tables : flipside_prod_db.polygon.udm_events ,polygon.core.dim_labels 
  - Related address : 0x059d306a25c4ce8d7437d25743a8b94520536bd5
  - ORIGIN_FUNCTION_SIGNATURE = '0x6b29e1bd' for opening 
  - ORIGIN_FUNCTION_SIGNATURE = '0x17621890' for withdraw 

.

Results :

the chart below, illustrates the opening vs withdraw actions count for different assets in past 30 days. number of opening actions for USDC was higher than others (157) followed by USDT (39). number of withdraw actions for ETH was higher than others (61) followed by USDC (16). assets illustrated in the graph below are :

MAtic, USDC, DAI ,Link, Jeur, wBTC, USDT, ETH, sushi, yfi and CRV

Large Positions and FEES generated :

in the charts below, the most large positions and their related fees and gasses are illustrated.no abnormal event observed

the chart below, illustrates the opening vs withdraw amount for different assets in past 30 days. amount of opening actions for USDC was higher than others (73K) followed by USDT (19K), miMATIC (17K), DAI (14K) and ETH (9.6K). amount of withdraw actions for ETH was higher than others (2.3K) followed by USDC (1.5K) , DAi (14K) and USDT (995).

Findings :

• Mean Finance is the state-of-the-art DCA open protocol that enables users (or dapps) to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency, without sacrificing decentralization or giving up personal information to any centralized parties

• number of opening actions for USDC was higher than others (157) followed by USDT (39). number of withdraw actions for ETH was higher than others (61) followed by USDC (16)

• amount of opening actions for USDC was higher than others (73K) followed by USDT (19K), miMATIC (17K), DAI (14K) and ETH (9.6K). amount of withdraw actions for ETH was higher than others (2.3K) followed by USDC (1.5K) , DAi (14K) and USDT (995).

• total withdraw actions over past month : 105 - amount : 14.2K

• total opening actions over past month : 256 - 126 K

• no abnormal date was observed in terms of large positions and related fees