Lending Markets

Welcome to the Lending section. In general, we build our models focusing on the wallets invested in the protocol, supply and borrow balances, and the various trends for the corresponding protocol. In the following sections, you can find the score and the data we present for the Lending protocols that we adopted in our dashboard.

Lending Analysis

The Liquidity Health

  • Definition: The liquidity health is a risk score we compute using the health factor of the corresponding protocol to analyze how strong the current status of liquidity. It is represented as the "Health Score" in our product.

  • Value type: float

  • Value range: [0, 1]

Lending Analytics

Market type

  • Definition: Each lending market consists of a base asset to reference between every asset in their protocol. So, the market type consists of the base asset and the version of the protocol.

  • Value type: string

  • Value range: can be anything

    • e.g. AAVE v3 on Ethereum is “USDC V3” and Compound has two markets on Ethereum “ETH V3” and “USDC V3”.

Token

Address

  • Definition: It is the address of a base asset corresponding to the lending market.

  • Value type: string

  • Value range: corresponding L1’s address schema. (e.g. for Ethereum, an address starts with 0x and 40 numerics and characters until “f”)

Decimal

  • Definition: It is the token unit decimal of a base asset corresponding to the lending market.

  • Value type: int

  • Value range: In general, it is either 6 or 18 but not necessarily this should be the value.

Symbol

  • Definition: It is the ticker of a base asset corresponding to the lending market.

  • Value type: string

  • Value range: can be anything (e.g. USDC, ETH, etc.)

Supply

  • Definition: Supply represents the total amount of assets invested in a lending market that is in the value of the base asset of the corresponding market.

  • Value type: float

  • Value range: [0, ∞)

Supply (USD)

  • Definition: Supply (USD) represents the total amount of assets invested in a lending market in the value of USD.

  • Value type: float

  • Value range: [0, ∞)

Borrow

  • Definition: Borrow represents the total amount of assets taken from a lending market using some collaterals that are in the value of the base asset of the corresponding market.

  • Value type: float

  • Value range: [0, ∞)

Borrow (USD)

  • Definition: Borrow (USD) represents the total amount of assets taken from a lending market using some collaterals that are in the value of USD.

  • Value type: float

  • Value range: [0, ∞)

Health Factor

  • Definition: The health factor of a protocol in our product means the weighted average of all wallets given a protocol. This weighted average is computed using the wallets that have any debt and the coefficients are based on the debt of the wallet.

  • Value type: float

  • Value range: ideally [1, ∞), however, in a broken market it can be [0, 1] but there is no such case so far.

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