Try Quests to earn cryptoIncreasing Positions
In This analysis, You will read about Increasing and terminating positions on Mean Finance. I compared users terminating vs increasing positions over the last 30 days. By how much are they increasing positions? How much are they receiving back after terminating?
Mean Finance is the state-of-the-art DCA protocol. It enables you to set up actions like “Swap 10 USDC for WBTC every day, for 30 days”. You can create these actions between almost all ERC20 tokens, in the frequency of your choosing. These token swaps will then occur regardless of the asset's price and at regular intervals, reducing the impact of volatility on your investment.
First I needed the Price and decimal of assets. We don't have an exact table for this type of data on Polygon. So I created a table with contract address, symbol, decimal, and current price and used this table to calculate all parameters.
-
Terminate Positions: I have found when a user terminates its position, Mean finance burns the position NFT. So first I used the NFT contract address of MEAN finance, then I filtered my result by setting ORIGIN_TO_ADDRESS = EVENT_INPUTS:from and ORIGIN_from_ADDRESS = EVENT_INPUTS:to.
-
Increase Position: I used fact log table and set to address equal Mean contract which is 0x059d306a25c4ce8d7437d25743a8b94520536bd5. Then I selected that tx in fact log table and use these filters: EVENT_INPUTS:from != '0x0000000000000000000000000000000000000000' and EVENT_INPUTS:to != '0x0000000000000000000000000000000000000000' and ORIGIN_TO_ADDRESS = event_inputs:to and ORIGIN_FUNCTION_SIGNATURE <> '0x6b29e1bd'
-
- IMPORTANT NOTE: THERE ARE SOME MISSING DATA ON FLIPSIDE TABLES FOR MEAN FINANCE. I CALCULATED BASED ON THE AVAILABLE TABLE.
The below chart shows the total number Of increasing positions.
- The Highest Number of increased positions happened on June 26 with 4 Increases by 3 unique users.
- There were some days that increasing not happened.
Let's examine volume.
- The highest volume occurred on June 26th with 1360 US dollars USDC.
- Most Positions were based on USDC.
The below chart shows the volume share of positions per asset.
- nearly 90% of volumes were for USDC.
- The second one was DAI with a 9.6% share.
- The third one was USDT with a 0.4% of share.
The below chart shows the total number of terminated positions.
- The highest number of terminated positions happened n June 15th by 6 users.
- The second one was on June 18 with 8 Terminate by 8 unique users.
- There were some days that not happened.
The below chart shows the total volume of terminated positions.
- The highest volume of terminated positions happened on June 15th with 7K dollars MIMATIC, 835 Dollars USDC, and 150 Dollars DAI.
- 47% of the termination volume was for USDC, and 44% was MIMATIC.
- About 4.9% of the volume was for WETH.
It is normal that users to use Stablecoins to buy another token. Most Positions increased by Stablecoins. We need more days to analyze these functions To understand whether users use increase positions or not. Following the increase positions, The most termination were based on USDC.
Written By Hess
where
discord_id: hess#0890
and
twitter_id: hessaminanloo