It was such a crazy week in the crypto world. The fall of Terra Luna caused the crash of the token market. As a result, Defi lending apps are not out of the chaos. Let's read our weekly report of GEIST and AAVE to see their reaction to the market. The former is one of the biggest DeFi App in the Ethereum chain and the latter is its successful fork in Fantom Opera Chain.
Overview
By the time writing this report(May 5th, 2022), The Geist Protocol has $181,702,519.72 of liquidity. Specifically:
- Total Supply: $181,702,519.72
- Total Borrow: $55,851,506.25
- Total Value Locked: $125,851,013.47
These numbers in AAVE(ETH) are presented in the following figure:
- Total Supply: $11,378,320,321.15
- Total Borrow: $3,591,693,002.17
- Total Value Locked: $7,786,627,318.98
The AAVE protocol(34 tokens) supports more tokens than GEIST protocol(9 tokens). The top supply tokens and their value are illustrated in the following figures
Liquidation
Due to the fall in tokens’ price. Liquidation activities happened more frequently than usual. For details, in our recent report, for one month (from 9th April to 10th May), there were 970 liquidate transactions completed. However, in the last week, there were 1333 liquidation activities completed. The total liquidated collateral amount is about 6% of TVL in this protocol. This number in AAVE protocol is 1.18%. To be more specific:
Number of users
Despite the downtrend of crypto market, numbers of active user in both protocol was not decreased in the previous week
Histogram of users asset in GEIST and AAVE