Gard.Money Algorand’s First Algorithmic Stablecoin

    GARD is the world's first algorithmic stablecoin on Algorand's blockchain. Let’s look at the collateral debt positions(CDP) users are taking on. This is where users put ALGOs up as collateral and in turn get GARD(Asset ID 684649988) in return. Gard is a stable coin pegged to $1 in value. Chart how much GARD has been minted by day Chart how many wallets mint GARD each day. -How much has Gard.Money generated in ALGO fees? Show the fees accumulation over time. -What is the total amount of ALGO collateral currently backing the GARD?

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    The graph above shows the quantity of unique wallets that has minted GARD per day

    • On most days, there were less than 100 unique wallets that minted GARD.
    • Nonetheless, on the 11th of April, 591 unique wallets have minted GARD, making it an all time high since it's launch.
    • Similar to the first graph, after several days, the number of wallets plummeted to only 2 wallets on April 17th.

    The graph above shows the amount of GARD that has been minted per day

    • There were less than 6k GARDs minted per day from the 6th of April to 11th of April, which is considerably low.
    • The largest single day of GARDs minted, according to the graph, was on the 12th of April, with 523,798 GARDs minted.
    • On the 13th of April, the amount of GARDs minted fell to only 3,197.

    Overview

    The following topics of Gard.Money will be examined in this report:

    1. Amount of GARD that has been minted per day
    2. Quantity of unique wallets that has minted GARD per day
    3. Fees generated on a daily and cumulative basis by Gard.Money in ALGO
    • The graph above shows the daily and cumulative fees generated by Gard.Money in ALGO.
    • The total fees generated by Gard.Money since it's launch is 26,757 ALGOs.
    • Gard generated the most fees in a single day on the 12th of April, with 14,747 ALGOs, accounting for more over half of the total fees generated.

    Key Findings

    • From the 6th to the 11th of April, less than 6k GARDs were minted every day.
    • GARD was minted in less than 100 unique wallets on most days.
    • On the 12th of April, Gard generated the highest fees in a single day, with 14,747 ALGOs,
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    • The table above shows the total amount of ALGO collateral currently backing the GARD
    • As can be seen from the table above, GARD now has 3,902,628 ALGO backing it as collateral.