Opening Positions

Q1. 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.

Intro and Method

Mean Finance is a DeFi programs that enables users to made swap over a specific time period and without sacrificing decentralization or giving up personal information to any centralized parties. The main goal of this DeFi is to seek the best prices and avoid extra fees.

In this bounty, the positions that opened by users over the last month. The assets and their volume are investigated.

The second part of this bounty is about the withdrawing swapped assets on Mean Finance.

The Address of Mean Finance on Polygon--> 0x059d306a25c4ce8d7437d25743a8b94520536bd5

The used table on Polygon--> flipside_prod_db.polygon.udm_events

The signature of opening position--> 0x6b29e1bd

The signature of withdrawing swapped--> 0x17621890

Outcomes

The first chart shown the number of opening positions and withdrawing swapped assets over the last month.

As shown in this chart, the USDC has the highest number of opening positions and the ETH has the highest number of withdrawing swapped assets with 26 withdraws.

The volume of assets that opened positions and withdrawing swapped assets shown in this chart. As shown in this chart, USDC with more than 65000 USD value opening positions stands in the first rank of assets. Also, DAI with near 8300 USD value of opening positions takes the second rank.

From the withdrawing swapped assets point of view, the ETH with 3870 USD value of withdrawing swapped asset is in the first rank of withdrawing.

The final part of this bounty is about the top largest positions that opened in the last month. The largest position opened on Mean Finance is about the 11k USD value and is based on the USDC asset.

The gas used for these positions shown in the second bar chart accordingly.