what Will You Read?

In this analysis, You will read about Folks Finance TVL. I Calculated the TVL on Folks Finance- broken out by deposited and borrowed.

What is Folks Finance?

Folks Finance is a capital markets protocol for lending and borrowing built and operated on top of the Algorand blockchain. Through the lending operations, ...

Method

• Deposit: first with TRY_BASE64_DECODE_STRING(tx_message :txn :apaa [0] :: STRING) = 'd' in Application call, I found deposits amount. Then with asset_transfer_transaction i found amounts.
• Withdraw: TRY_BASE64_DECODE_STRING(tx_message :txn :apaa [0] :: STRING) = 'r' and I found withdraw amounts in asset transfer transaction.
• Borrow: TRY_BASE64_DECODE_STRING(tx_message :txn :apaa [0] :: STRING) = 'b' and I found borrow amounts in asset transfer transactions.
• TVL: Total Deposits - withdraw * price
• I filtered only top tokens.

TVL

The below chart shows the daily borrow amounts per token.

• ALGO and USDC are the most popular assets to borrow.

The below chart shows the total amounts of deposits.

• Again USDC and Algo were the most popular tokens.
• Also in this graph in April, gALGO3 was popular too.
• Recently, the total deposits increased in June.

• This chart shows the total withdrawal amounts.

The below chart shows the total TVL based on Top assets.

• USDC is about 3M dollars.
• Algo is about 1.2M dollars.
• goBTC is about 202K dollars.
• goETH is about 42K dollars based on top tokens.

• 66.1% of TVL is for USDC.

• 28.4% of TVL is for ALGO.

• The third one is goBTC with 4.5%

• • These numbers is based on top 4 tokens.

• The total TVL is about 4.5M dollars.

This graph shows the daily TVL of borrowing.

Conclusion

Like any platform, Stablecoins are the key part of each activity. Most deposits were based on USDC.

Thank You For Reading!

Written By Hess

where

disocrd_id: hess#0890

and

twitter_id: hessaminanloo