jake-wolf | Flipside Analyst

    jake-wolf

    Joined Jun 25, 2021
    //
    1Upvotes
    Governance Participation (Address)

    Governance Participation (Address)

    Oct 12, 2021 - The graphs on this dashboard will show the individual governance participation. I think it is important to first see what a graph would look like without the top participators. There is a large group of people that are participating, however, the power they have may not compare to those with the most, in fact it does not even compare. If you look at another graph that I included labeled governance power it is quite obvious that one address has the most power. They have 25 million in terms of total voting power, which blows everybody else to the side. I also added a time graph that will show you when each individual voted. You can go to any day and on that day you will be able to find who voted, their address, and also how much voting power they had. This information is useful especially if you want to look at certain votes. The last graph I wanted to use would show the voting power used over time. This graph will be very helpful when looking for the major votes. You have the ability to go and look at the specific dates on the previous graph I spoke about based on this final graph. I also included a graph without the top 100 so it is easier to see most of the people that had voted because the scale makes it more difficult to see the lower spectrum of voters. In this graph that shows the voting power over time without the top 100, it is much easier to see that many people do actually vote, it is just difficult to see when looking at scale.

    jake-wolf
    Thorchain Network Shutdown

    Thorchain Network Shutdown

    Dec 1, 2021 - This dashboard is going to show what the behavior of users has been since the restart of Thorchain and also how it compares to the actions before the shut down. This will give a deeper analysis on whether the shut down has changed people’s behaviors or if the shut down did not affect the actions of users in this environment. Before the shutdown there was a pretty even give and take of people adding and removing liquidity from the different pools. There were different spikes when the liquidity removed was drastically larger than that of what was being added, but in general they were pretty even. Some weeks would be up and some weeks would be down. Since the crash and restart it seems that people are removing much of their liquidity. Very few people are adding to the pools and this could be because this is the second time that the environment has crashed in its existence leading people to not trust the stability. This being said, people are still putting their money into RUNE. Not nearly as much in comparison to before, but also the time passed has been significantly less. What this says is that people are still wanting to have money in RUNE, believing that it will rise, and hoping that they won’t have an impermanent loss. Overall, people are a bit hesitant to get back into the LP’s on this network, but do believe in the currency. This leads me to believe that most likely people are going to want to have RUNE, and are hoping that as time goes on the network will get more reliant.

    jake-wolf
    Flashloan Prevalence on AAVE

    Flashloan Prevalence on AAVE

    Sep 1, 2021 - I started the analysis by figuring out which coins were used most, in terms of US dollars. They came out to be WETH, DAI, USDC, USDT, WBTC in that order. Flashloans are commonly used for arbitrage, which is buying and selling the same asset at the different prices the market makers put it at. They offer an unlimited amount of funds, which means that you can make as much money off arbitrage at one point, unlike the centralized system of currency. The rate is significantly cheaper because the amount borrowed is paid back with the additional amount in the same transaction, if the transaction does not go through, than you never borrowed the money. The second graph shows how often flashloans were used and for how much. The month of May had flashloan amounts sky rocket. They have not been the same since and have actually been decreasing. In May there was one major attack that occurred using flashloans. To being the person responsible borrowed $270 million of Eth, which they used to manipulate kyber network oracle. The function of KNO is to connect the block chain to the real world. Through the process they were able to mint many xSNXa tokens, which were sold for ETH and SNX. They than found a weakness in the xBNTa contracts because as a wrapped token, it could only be minted using the BNT currency. The smart contract failed to check this, therefore they could use different tokens to mint xBNTa tokens, which they than sold, making a killing. On May 20th another one flashloan attack was launched. Although there were definitely many alternative purposes for these flashloans, these specific ones were used during attacks. One use of a flashloan is swapping debt and collateral at the same time. If you borrow coin1, and use coin2 as collateral, but coin2 crashes, than you could lose your loan. A flashloan would allow you to trade coin2, for a more stable coin.

    jake-wolf