What is Mars Protocol?

Mars Protocol is a Lending Protocol on Terra. It is defined as a “bank” of the future by being non-custodial, open-source, transparent, algorithmic, and community-governed. 

Mars Protocol is the first protocol on Terra to offer 2 types of borrowing: collateralized and uncollateralized borrowing. And the uncollateralized borrowing feature is expected to increase the borrowers’ demand, utilization rates, and returns for Mars lenders.  Source

Red Bank

the Red Bank was deployed on Osmosis, making it the first-ever Martian Outpost established in the Cosmos. Martians can now visit marsprotocol.io and access the Red Bank to lend and borrow Axelar USDC (axlUSDC), Cosmos Hub (ATOM), and Osmosis (OSMO) on Osmosis up to the initial deposit caps displayed below. After a successful governance vote on Mars, Red Bank depositors will receive a share of 1 million MARS rewards for the first thirty days. Source

1. In the three graphs of this part we have the volume amount of borrowed and repayed of each asset starting with Atom in the first graph.
2. As you can see on the first day of each graph Feb 7th of 2023, we have the most amount of volume during the whole timespan for each asset. In the ATOM info as you can see we had 26k borrowed amount and 723 repayed.
3. The next stop shows USDC with slightly higher amounts and they are 140k borrowed and 53k repayed on the first day. The highest amount of volume goes to OSMO and based on the Info updated on Feb 15th of 2023 we had 879k borrowed and aroun 40k repayed which are the highest first day volume amounts between the all three assets.
4. With OSMO being in the first place, The USDC and ATOM come in the second and third place respectively.

1. Second section above this text box shows the daily and total number of borrower addresses and after that we have the addresses based on assets similar to the info of the first section.
2. Based on the 3rd graph we had 809 borrower addresses in total which 636 of them go back to the Feb 7th of 2023.
3. Same as the previous part we have 3 assets here OSMO, ATOM and USDC. As you can see OSMO, in the first spot, that contains 522 addresses. USDC and ATOM come in the second and third places with pretty similar stats, they only differ by 7 number of addresses.

1. The information's represented in the first section above are pretty obvious and self explanatory, as you can see in the first and third graph we have the daily and total number of depost addresses. The total number of addresses as shown in the third graph are, 3.4k and around 3k of them go back to Feb 7th of 2023 as you can see in the daily information about the addresses.
2. Almost 90% of the deposit addresses by asset belong to OSMO segments as you can see in the 2nd and 4th column graphs, after that Atom and USDC come in the second and third place repectively with a huge distance with the OSMO in the first spot.

Utilization Info

Based on the information updated on Feb 14th of 2023 we have the utilization of each asset bellow which are 31.8 for USDC, 36.3 for OSMO and 29.6 for ATOM. The average of these mentioned utilizations conclude the total utilization of the mars protocol which is 32.6. At the end we have 284 number of users who have 0% utilization rate as you can see in the final information box of this section bellow.

Fully Repaids Info

In the fully repaids information, we have the number of repaids of each asset and they are from spot 1 to 3, OSMO with 270, USDC with 102 and ATOM with 52 repaides respectively. The total volume of each repaid information is about 134k for OSMO, 94.6k for USDC and 2.25k for ATOM as you can see in the second graph bellow. These informations were updated on Feb 14th of 2023.

Deposit Info

Borrower Info

Volume Borrowed and Repaid Info

CONCLUSION:

The first three sections of this dashboard are about the genral info of deposits, borrowers and the borrowed and repaied informations in order. As you can see the graphs are pretty simple to understand and the overall info written in each text box will suffice to understand the entirety of the informations given. In my opinion the most important section of this graph which is also crucial to answering the question of dashboard is the maximum cap information of each asset after the first three sections. There we talked about when the assets started their work and how long it took for each of them to reach the maximum cap, after reaching the maximum cap all three assets remained in their positions for the rest of the timespan as you can see in each graph. With the utilization of each asset we found out the total utilization of MARS protocol is about 32.6 and about 284 number of users have 0% utilization as you can see. The final two sections after what we explained are also containing pretty visible information and in my opinion unnecessary to repeat them in the conclusion because I think it will result to a lengthier conclusion and will only bore the reader, so the only thing that I will point at is that based on the information of pool 907 you can see the highest amount of actions and activity was reached on Feb 4th in all of the graphs above except daily pool liquidity in USD which rose to 88.8M on Feb 12th and dropped to 14M on the day after. Also the daily pool price has the downside trend similar to other graphs and the price reached 0.419 on the final day after starting at 0.514 on Feb 3rd on 2023.

Appendix

• Author: Hojjat
• Discord: hojjat7878#8809
• Twitter: @hojjat8d
• Email: hojjat78delshad@gmail.com

THANK YOU FOR READING!

Method

• The information of this dashboard is from February 7, 2023 when RED BANK started operating until today.
• Information about RED BANK's address contract is available in the link below. https://docs.marsprotocol.io/docs/develop/contracts/red-bank/
• Tables (osmosis.core.fact_msg_attributes) and (osmosis.core.dim_tokens) and (osmosis.core.fact_transactions) have been used to make the charts of this dashboard.
• By filtering the words (deposit, borrow, withdraw, repay) in the attribute_value column in the osmosis.core.fact_msg_attributes table, you can find the requested activities.

Time Reaches Maximum Deposit cap Info

1. In the first graph of this section we have the time of each asset that reached their maximum deposit and in the first graph we have the OSMO's progress. This asset started its work at 13 o'clock and reached its maximum on 22 o'clock of Feb 7th of 2023. After reaching the maximum amount the OSMO assets stayed at its maximum cap for the rest of the graph as you can see. So OSMO took 9 hours ,approximately, to reach the cap.
2. Now for the ATOM in the second graph, we can say that this asset started at 13 o'clock and reached the cap at 20 o'clock which means it only took about 7 hours for ATOM to reach the maximum. The asset mentioned stayed that way for the rest of the time in the graph.
3. Now for the final asset we have the USDC info graph. Based on the info i have gathered this asset started at 13 o'clock and reached the maximum cap on 17 o'clock which is 4 hours and the fastest record between the studied assets. ATOM sayed at maximum for the rest of the time.
4. The maximum cap of each asset is visible in each graph and once again we have OSMO with the highest stats and after that USDC and ATOM came in the second and third place.

1. The pool 907 info is the final section of this dashboard which you can see above this text box.
2. There are 7 graphs in the named section and the first one starts about daily pool volume in USD, as you can see On Feb 3rd of 2023 the volume started at 424k and then rose to about 2.3M on Feb 4th of 2023 then the volume amount starts to drop until it reahced 16k on Feb 13th of 2023.
3. Next stop in the second graph we have the number of exits and joins actions. The number of exits are not comparable to the joins and the most amount of exits and joins goes back to Feb 4th of 2023 which are 86 and 3.22k respectively.
4. The daily pool price trend is an overall falling trend as you can see, surely there are some upward vibrates here and there but at the end the trend reached to 0.419 on Feb 13th.
5. The daily amount of liquidity started at 465k and kept rising until 88.8M on Feb 12 2023 it is overall rising trend by on Feb 13th the liquidity drops suddenly to 14M.
6. Based on the daily number of pool users we can see the peak of user numbers goes back to Fev 4th of 2023 which we had 1.18k joined and 23 exited, after that the numebr of daily users strated to drop until it reached 38 joined on Fev 14th.
7. The final two graphs are representing the daily generated fee in USD and mars, both trends have a similar behavior and as you can see they reached the peak of their generated fee on Feb 4th and after that they kept dropping till Feb 13th which they reached 33 and 1.06k generated fee respectively.

Pool 907 Info