GHO Analytics - by TokenLogic

Screenshot 2023-07-19 at 20.19.19

Link: https://aave.tokenlogic.com.au/

Summary

We are delighted to introduce the GHO Analytics dashboard from TokenLogic, designed to serve as the central hub for all GHO Analysis.

In our continuous effort to enhance user experience, we welcome submissions of analyses, metrics, and API feeds. Our dedicated team at TokenLogic will diligently develop and incorporate these submissions into the dashboard.

The GHO dashboard offers a comprehensive platform where users can effortlessly request, review, and access GHO data. Our overarching goal is to establish the most reliable and comprehensive source of GHO data available.

Introduction

Over the last month, TokenLogic has been setting up an analytics platform capable of providing live GHO data (1-minute feeds) and running customised simulations. We aim to facilitate the seamless integration of GHO data across DeFi by offering profound insights into GHO’s performance and API feeds that teams like Messari and DeFiLlama can integrate as a free service.

To enhance the appeal of the UI, we invite anyone with ideas and unique perspectives to submit requests for analysis/API feeds. The TokenLogic team will then develop the requested analytics/API features and make them available for everyone in a single place.

The initial launch is just the beginning of a larger journey to provide everything from high-level aggregated statistics like circulating supply and revenue to granular details like how each user/wallet is interacting with GHO. Soon, Aave DAO will gain insights into each GHO swap, such as the pools the swap is routed through (CEX, DEX, etc.), the size, price impact incurred by the user, and the overall distribution of swaps. This will provide insights into arbitrage swap flows versus real adoption over time. Aave can then prioritise liquidity pools that add value for users by maximising non-arbitrage order flow.

When developing a liquidity strategy for GHO, we can calculate the desired price impact for a swap of a given size to determine the ideal pool size. This will help shape how Aave uses its veBAL. Furthermore, liquidity depth and order fill routes from DEX aggregators like Paraswap will be periodically queried and logged to provide a historical database that can only be created through actively logging and storing data over time. This will provide a true image of GHO liquidity transition over time that cannot be retrospectively generated.

By analyzing the transactions before and after each GHO interaction at the wallet level, we will show how and potentially why users are interacting with GHO. This level of granularity is intended to help shape Aave DAO’s decisions relating to GHO. Understanding which integrations drive growth for GHO will help shape Aave Grants’ pivot to the Request for Grant Proposal approach to awarding grants, as well as how Aave DAO pursues growing GHO adoption.

With the ability to run customised simulations, we aim to provide a level of insight that other more commonly used platforms are unable to offer. When it comes to understanding GHO risk, the platform with supporting computational power to run simulations will not only help integrate GHO across various lending markets but also model the effect of including GHO and BPTs containing GHO in the Safety Module.

For anyone wanting to learn more about GHO, whether it be a deeper understanding through analysis or just integrating GHO data via an API feed, please visit the GHO Analytics Dashboard and submit a request. There is a lot to build right now, and we will do our best to meet the community’s needs.

Copyright

Copyright and related rights waived via CC0.

8 Likes

This dashboard is a masterpiece, nice job guys

1 Like

Whats the intverall for updating the data? Right now the GHO supply is showed with 3.1m which is 3 days old.

Thx

Hi @EzR3aL,

Thanks for checking out the GHO dashboard :)

The data currently refreshes hourly and in time, we plan to upgrade the infrastructure to support 1min updates.

We did encounter a couple teething issues which are now fixed.

If there are any GHO metrics you would like to see on the dashboard, please let us know as we build for the community :)

1 Like

Hi,

could you display the fees GHO is collecting into the treasury? Maybe per day, aggregated and so on.

2 Likes

I can see that you’ve considered quite a few of the items I would have suggested under the “coming soon” (esp. around protocol revenue) but here are a couple more suggestions you may want to consider.

• It would be useful to see largest borrowing positions
• Number of borrowers—this would be helpful against time to show increase/decrease
• As new facilitators are added their bucket capacity and % used
• Time off peg, in last 24 hours, week etc
• % market share GHO constitutes of overall stable coin market or where it is “ranked” against all stable coins
• Average weekly Interest rate compared to say other top 10 stables by market cap

Hi Everyone,

We are glad to share, the initial features tracking GHO’s liquidity have been published. Some of the new features are shown below and there are many more in the pipeline:

Screenshot 2023-08-10 at 21.27.26

Screenshot 2023-08-10 at 21.31.55

The team is committed to continuous improvement and unlocking new features. In the near future, we will be adding some more granular detail on GHO liquidity performance and also GHO revenue to the DAO.

Thank you :slight_smile:

3 Likes

Not a big deal but there’s a small typo here
image

2 Likes

Nice dashboard, would be great to see the gho interest rate, discount rate, and treasury fees from gho.

Hi Everyone,

A little update on the latest features we have added.

  • Candlestick price chart which provides more granularity on GHO swaps performance (it works best on Chrome)
  • Initial GHO collateral section (this is just the start)

Screenshot 2023-08-24 at 17.40.36
Screenshot 2023-08-24 at 17.41.55

In the next round of updates we will be adding some new metrics and GHO revenue which is currently being developed.

Hi @MrKris,

Thank you for the feedback.

We added the 20 largest borrowing positions here and facilitator utilisation can be found at the bottom of this page here.

A few of your other ideas will be incorporated soon. :eyes:

Hi @Tor_GAINS
Great spot! we fixed this :slight_smile:

Hi @superproduct, @EzR3aL,

Thanks for the feedback. We will add in the revenue to the DAO in our next update. In the mean time, revenue that has been claimed can be found here.

1 Like

Hi Everyone,

The first iteration of the GHO revenue page is now in production:

Screenshot 2023-09-10 at 21.36.01

This dashboard aims to provide a transparent insight into the GHO revenue landscape, facilitating a strategic overview and enhancing planning capabilities. GHO Revenue is calculated block-by-block on GHO debt positions, but is only realised by the protocol as tokens when GHO debt positions are repaid. When this occurs, the revenue accrues as GHO tokens in the aEthGHO aToken Contract. This is shown as Realised Revenue in the charts below.

Revenue which has been calculated & accrued in the smart contracts, but not yet materialised to the aEthGHO contract is shown as Unrealised Revenue in the charts below. This Unrealised Revenue may be slightly overstated as it does not include the impact of user rate discounts, which are applied at the time of repayment. This is consistent with the note on the total_supply() function for the GHO variable debt token.

4 Likes

Thanks for the good job, this dashboard is awesome and very useful!

2 Likes