Try Quests to earn cryptoANC And MIR TVLs
This dashboard attempts to correlate the TVLs on ANC and MIR.
Which leaves us to the last factor, the UST deposited into Anchor. The graph below shows that about 19M UST are deposited into Anchor on a daily basis. The healthy growth may be caused by the allowance of aUST to be used as collateral in Mirror. Based on this assumption, a comparison between the graph below and Mirror's aUST collateral deposits is made. It can be seen that the graphs behave similarly, despite the fact that Mirror aUST deposits are smaller in magnitude. This means that some of the aUST minted goes directly to Mirror, which increases Mirror's TVL.
Based on these graphs, we can say that aUST is growing in power in Mirror, while UST is getting less used as time goes by. LUNA had not been utilized as much as collateral in Mirror. Lastly, Mirror's TVL is not affected by the staking of MIR in these 2 weeks.
The graph below shows that the net staking amount of MIR is nearly 0 for the past 2 weeks, meaning that the TVL of Mirror is not affected by the staking of MIR tokens.
Mirror's TVL is getting more and more influenced by aUST deposits while the influence of UST on Mirror had been going down for the past 2 weeks. This shows a strong interest in using aUST instead of UST as collateral. This can be explained by the fact that aUST's value increases over time, thus reducing the risk of liquidation in the long run. Other than that, by depositing UST into Anchor to get aUST, users are getting interests from Anchor in addition to Mirror's interests. This means that Mirror and Anchor are closely related through the use of aUST, which is shown by comparing the graph of aUST deposits on Mirror and the graph of UST deposits on Anchor.
Based on the graphs below, we can see that ANC-UST LP is inversely proportional to each other, this may be due to the fact that ANC is needed to be staked or put in a liquidity pool. Since the value of LP tokens is hard to be determined, judging by the amount of LP tokens and ANC tokens, it is assumed that the change in TVL caused by these two factors cancel out each other.
The graphs below show that aUST as collateral is much preferred than UST, where the daily net deposit of aUST shows that more and more aUST is being collateralized while UST shows a negative net deposit in the past 2 weeks. In these 2 weeks, it's also found out that LUNA is not being used as a collateral, judging from the lack of interaction using LUNA.
This dashboard analyzes the change in TVL of both Mirror and Anchor. The change in TVL is slightly different for both. For Mirror, 4 different types of deposits are considered, namely aUST, UST, LUNA, and MIR (staked). aUST and UST deposits are used as collaterals to mint Mirror Assets such as mAAPL, mABNB, and mAMC. Due to this, Mirror Staking for Mirror Asset LPs is not considered to avoid counting the same values twice (once for minting and once for LP).
The change in TVL of Anchor is counted using the net deposit of ANC-UST LP tokens, net ANC staked, and net UST deposited. ANC-UST is considered in this case cause ANC is not minted through depositing UST, thus any locked / unlocked ANC-UST LP changes the TVL of ANC.