Saber Locked
Saber is an automated market maker (AMM) built on Solana that provides cross-chain liquidity for stablecoin pairs. One could say, Saber is akin to Curve on Ethereum. Couple of months ago, Saber enabled vote escrowing of its governance token SBR, to allow the governance to dictate the rewards distribution to the various pools.
In this dashboard, we will use 'solana.facts_gov_action` table to track the amount of SBR locked and unlocked and analyse for trends if any.
- Most of the Saber tokens locked were performed during the first week
- Post that there have influx of SBR as well as exiting too
- However influx has in general been greater than exits
- User and Transaction activity follow closely, which means, a user performs one action at most per day.
- Activity during the initial weeks were the highest
- Similar to volume of SBR volume, activity volume has also significantly dropped, however locking activity has been greater than unlocking and exiting
Since unlocks of locked SBR occur once a week due to governance and weekly gauge voting, there is a slight chance that we can see trend around a particular day of the week. We can take the date passed since Jan 1 and take remainder when divided by 7 to aggregate the weekly day data.
Clicking to hide the bar charts will give us a sin graph. With 0 falling on Saturday
- This suggests a smooth trend of increasing activity towards Monday
- After which it falls until Thursday before picking up steam
Inspite of the small sample size, its likely that there is a relatively high volume of unlocks after a vote.