Using Stablecoin Lending Metrics to Monitor DeFi Activity and Risk
Summary
The document introduces analytics for stablecoin lending and borrowing across Aave, Compound, and MakerDAO on Ethereum, Arbitrum, Optimism, and Avalanche. It describes hourly and daily historical measures, including deposits, borrowing, interest earned, liquidations, and stablecoin depeggings. The data is presented as a way to study protocol activity, track collateral and peg risks, and assess liquidity allocation.
Illustrated use cases include comparing deposit shares by protocol, examining monthly stablecoin pool liquidations, and measuring interest earned by token. The examples cover periods beginning in 2020 and ending in 2023, with the liquidation illustration ending partway through September 2023. This is a data product overview, not an independent analysis: it reports no findings, validated risk model, or trading strategy, and its coverage is limited to the named protocols, chains, and metrics.
Key ideas
- The metrics cover stablecoin deposits, borrowing, interest, liquidations, and depeggings across named lending protocols and chains.
- Hourly and daily data are described as available from each protocol’s inception.
- Potential research uses include protocol comparisons and monitoring liquidation and peg risks.
- The examples demonstrate possible analyses but provide no independent performance or risk conclusions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.