Lending
BunnyBoard track key metrics of DeFi lending on 20+ protocols across 40+ blockchains.
Access the databoard at: https://bunnyboard.xyz/board/lending
Learn more about DeFi lending: DeFi Lending
Lending metrics
DeFi lending protocols are decentralized finance platforms that allows users to lend and borrow cryptocurrencies without relying on traditional financial institutions or intermediaries. On BunnyBoard, we track these key metrics below:
Total asset deposit
The full amount of assets held within the protocol, including those supplied by lenders and collateral provided by borrowers to secure loans.
Supply-side deposit
Supply-side deposits represent the total amount of assets deposited into the protocol by lenders, making them available for borrowing.
Active loans
Active loans represent the total amount of assets currently borrowed by users, also referred to as outstanding debts.
Total value locked
Total value locked (TVL) represents the total assets held within a protocol’s smart contracts. It is calculated as the difference between the total assets deposited and the active loans, reflecting the overall liquidity in the system.
Fees
Fees are generated from borrowing interest and any applicable borrowing fees. Borrowing interest is calculated as the product of active loans and the interest rate - interest = active loans * interest rate. Borrowing fees are tallied by summing all fees paid during borrowing and lending activities.
Supply-side revenue
The amount of fees go to lenders/suppliers.
Protocol revenue
The amount of fees go to protocol treasury.
Supply-side ROI
The return on investment of suppliers/lenders by lending assets on protocol. ROI = Supply-side revenue / Supply-side deposit.
Utilization
Utilization measures the percentage of total supplied assets that are currently being borrowed. It reflects how efficiently a protocol's liquidity is being used. Utilization is calculated by dividing the active loans by the supply-side deposit, providing insight into the demand for loans relative to the available supply. U = Active loans / Supply-side deposit. The higher rate, the market is more usage and more efficient.
Collateralization
Collateralization measures the ratio of collateral deposited by borrowers to the loans they've taken out. It reflects how much security a borrower provides to back their loan, ensuring that the loan is adequately covered by collateral in case of default. A higher collateralization ratio indicates a safer loan, while a lower ratio suggests higher risk for lenders. C = Total asset deposit / Active loans. The higher rate, the market is safer.
Volumes
In lending protocols, there are five key activities: 1. deposit - assets are supplied by lenders or deposited as collateral by borrowers, 2. withdraw - lenders withdraw their supplied assets or borrowers withdraw their collateral, 3. borrow - Borrowers take out loans by borrowing assets, 4. repay - borrowers repay their loans, 5. liquidate - liquidators sell off collateral assets to repay defaulted loans. We calculate volumes by measuring the amount of assets involved in these transaction activities.
More data views
We offer an overview of the current state of the lending market across protocols and blockchains. You can easily view these key metrics: which protocol has the most liquidity, which protocol does generate the most of fees, ...
A list of tracked protocols where you can easily compare, sort, and filter key metrics.
A detailed breakdown chart allows you to visualize the distribution and dominance across different blockchains and assets.
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If you have any questions about other metrics or suggestions for additional data boards, feel free to reach out to us on Discord!
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