GHO Analytics - TokenLogic

[TokenLogic]

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.

[Tor_GAINS]

This dashboard is a masterpiece, nice job guys

[EzR3aL]

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

Thx

[TokenLogic]

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 :)

[EzR3aL]

Hi,

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

[MrKris]

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

[TokenLogic]

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:

GHO Analytics | TokenLogic

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

[Tor_GAINS]

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

[superproduct]

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

[TokenLogic]

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)

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

[TokenLogic]

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.

Hi @Tor_GAINS
Great spot! we fixed this

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.

[TokenLogic]

Hi Everyone,

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

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.

[JosepBove]

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

[TokenLogic]

Hello Everyone,

Fresh on the back of the Aave Runway Dashboard, we are excited to share some enhancements to the GHO Analytics Dashboard.

GHO Borrow Rate

A holistic overview of the Borrow Rate range over time.

In time, we will introduce the Borrow Rates for all the major stable coins on Aave Protocol and then other major Protocols.

To show the impact of the Borrow Rate changes, we introduce a new feature comparing the GHO Borrow Rate to GHO’s price for the week leading up to and two weeks after each rate adjustment. The shaded area within the chart represents min and max Borrow Rate for stkAAVE holders.

We will soon be adding the more recent Borrow Rate adjustment and a general Borrow Rate v GHO Price over time chart.

As many have stated on the forum, the 50bps adjustments to date have had minimal impact on the price of GHO. The next rate increase, 172bps, will be more telling.

Contributors: @scottincrypto, @agentmak

[TokenLogic]

Hello Everyone,

We are excited to share some significant enhancements to the GHO Analytics Dashboard. Our team at TokenLogic has been working diligently to provide more granular and insightful data for the GHO community. Here are the key updates:

Liquidity Pool Composition

We have added more in-depth analytics of liquidity pool compositions across various DeFi protocols. This includes a detailed view of the percentage composition of GHO, USDC, and other assets in these pools. This feature will provide a clearer understanding of how GHO is distributed across the top DeFi liquidity protocols.

Collateral Enhancements

We have made significant strides in enhancing the granularity and depth of the collateral data for GHO on our dashboard. Our aim is to provide a comprehensive and detailed view of GHO’s collateral dynamics. Here are the key updates:

• 20 Most Recent GHO Mints
  We have introduced a new chart that showcases the 20 most recent GHO mints. This chart provides detailed information on each mint, including the amount borrowed, total amount repaid, the type of collateral used and the outstanding GHO debt. This will help users understand the recent minting activities and the types of collateral preferred by the GHO community.

• 20 Most Recent Repayments
  To complement the mints data, we have also added a chart that displays the 20 most recent repayments. This data will provide a clear picture of the repayment trends and the overall health of the GHO ecosystem.

These updates are designed to provide a more detailed and comprehensive view of GHO’s collateral dynamics, enabling users to make informed decisions based on the latest data trends. We will continue to refine and expand our collateral data analysis to better serve the GHO community.

GHO Liquidity Committee KPI Tracking

The chart below shows the mount of GHO users can acquire via a swap for a pre-defined amount of price impact via the Paraswap aggregator. There are several options to choose from which give insight into how liquidity is distributed across the ecosystem.

DEX TVL Tracking - Actual v Target

With measurable liquidity goals for Uniswap, Balancer and Maverick, the below chart shows the GLC’s performance over time relative to the respective TVL targets.

Thank you for your continued support.

Contributors: @scottincrypto, @agentmak

[TokenLogic]

Hello Everyone,

We are thrilled to announce some significant enhancements to the GHO Analytics Dashboard.
The committed team at TokenLogic has been relentlessly striving to deliver more detailed and meaningful data for the GHO community. Here are the primary enhancements:

Stable Coin Borrow and Deposit Rates

We’ve introduced a comprehensive view of the GHO borrow rate in comparison to other stable coins on major DeFi protocols. This includes real-time graphs displaying the borrow rate for stable coins on Aave and Compound. This feature will allow users to make informed decisions based on the latest market trends.

Feel free to select your preferred stable coin.

Something to note, the rates can be in either hourly or daily data format.

Spark and Morpho soon…

To further enhance your understanding, we’ve added a table that compares the average borrow rates over 1 month, 3 month, and 6 month periods for the stable coins on the major DeFi protocols. This will provide a historical perspective on the performance of these stable coins.

Borrow Rates Comparison

Deposit Rate Comparison

We’ve also replicated this information for the stable coin deposit rates on major DeFi protocols. This will give you a complete picture of the market, both from the borrowing and depositing perspectives.

Enhanced GHO Price Chart

We’ve upgraded our GHO price chart to a more advanced, tradingview-style chart. This interactive candlestick chart now includes 1h, 4h, 1D, 1W, and 1M data feed options. This will allow you to track the GHO price with a level of improved level of precision and flexibility.

The dedicated chart can be displayed in full screen mode, providing a more immersive and focused experience for tracking the GHO price.

We hope these updates will provide valuable insights and enhance your experience with the GHO Analytics Dashboard. As always, we welcome your feedback and suggestions. Thank you for your continued support!

Check it out: TokenLogic | GHO Analytics

Contributors: @scottincrypto @agentmak @MatthewGraham

[TokenLogic]

Hi everyone,

Aave v3 Revenue Dashboard

We are excited to launch our Aave v3 (Arb, Ava, Eth, Opt, Pol) Revenue dashboard. The dashboard shows the total daily and hour revenue across the main v3 deployments. Users now have the ability segregate data and analysis different types of revenue derived from a specified Reserve and Aave deployment. User can choose a permutation of the following:

• Aave deployment
• Asset Reserve
• Type of Revenue
• Specified time interval (start date, finish date)
• Either Daily or Hourly format

We first provide a high level overview table that summarises the overal trends by comparing defined time periods. All the figures are annualised and directly comparable on this basis. The data indicates strong growth over time which reflects the broader uptick in market sentiment of recent times.

Building upon the summary table, we provided a graphical representation of revenue that lets users select one or many Aave deployments. The data is available in daily and hourly format. Although, for this chart, the intent is to show the relative contribution of each Aave v3 deployment over time. The Ethereum v3 market is by far the largest revenue generator of the v3 deployments.

In addition to knowing the composition of the revenue generated, we also show the nomination of the revenue. There are 28 assets shown on the dashboard for Aave v3 Ethereum and of these assets, the vast majority of the DAOs revenue comes from wETH, USDT and USDC.

The next level of insights involves selecting a specific Aave v3 deployment to see the breakdown of all the revenue sources. Borrow Interest is by far the largest revenue generator, with small amounts of Flashloan and Liquidation fee revenue being generated. Something to note, if Daily revenue spikes above trend, it is often due to increased liquidation fees.

Bringing all this together, we are able to showcase the type of revenue generated by each reserve on each of the main v3 deployments.

For example, if some wanted to know, what is the nomination of the revenue generated from Liquidation Fees on the 6th March 2024, the last chart provides the ability to dial in on this specific event by selecting the following:

• Deployment: Aave v3 Ethereum
• Type of Revenue: Liquidation Fee
• Time Interval: Hourly
• Start Date: 5th March 2024
• Finish Date: 7th March 2024

To clean up the chart, remove all the zero value revenue generating assets and the combined rETH, wETH, wBTC and AAVE Liquidation Fee revenue at around 7pm is clearly visible.

Huge shout out to @scottincrypto and @agentmak for the all the work that has gone into creating this dashboard.

[EzR3aL]

Great job @TokenLogic @scottincrypto and @agentmak.
This was something I was looking for. Now we can finally see how much Aave is printing.
I even highlighted this to Defilama and they implemented some of this stuff into their website.