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Analysis Model for Decentralized Lending Protocols

Published: 01 December 2022 Publication History

Abstract

Decentralized Finance (DeFi) – an ecosystem of financial applications built on top of blockchain technology – has kept powering ahead and attracted a large amount of capital in just a few years. As the core part of the DeFi ecosystem, decentralized lending protocols allow users to become lenders or borrowers in a completely decentralized fashion, such that an individual has complete control over their funds at all times. Collecting, analyzing, and visualizing lending data are crucial as these lending protocols are growing steadily. This paper presents an analysis model for decentralized lending protocols. Our main contributions are as follows. (i) We analyze and compare the top lending protocols; (ii) We present a general model to collect and process a large amount of data from multiple lending protocols in an exact and efficient manner; (iii) We design and implement a lending visualization system with various charts divided into three categories, i.e., lending market overview, token analysis, and user analysis.

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Cited By

View all
  • (2024)A Review on Decentralized Finance EcosystemsFuture Internet10.3390/fi1603007616:3(76)Online publication date: 26-Feb-2024
  • (2023)Revolutionizing Digital Banking: Harnessing Blockchain Smart Contracts for Enhanced Security and Efficiency2023 3rd International Conference on Smart Generation Computing, Communication and Networking (SMART GENCON)10.1109/SMARTGENCON60755.2023.10442642(1-5)Online publication date: 29-Dec-2023
  • (2023)Unlocking Decentralized Lending Protocols: Semantic Unification and Risk Spillover Assessment2023 IEEE International Conference on Data Mining Workshops (ICDMW)10.1109/ICDMW60847.2023.00095(691-697)Online publication date: 4-Dec-2023

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    cover image ACM Other conferences
    SoICT '22: Proceedings of the 11th International Symposium on Information and Communication Technology
    December 2022
    474 pages
    ISBN:9781450397254
    DOI:10.1145/3568562
    Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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    New York, NY, United States

    Publication History

    Published: 01 December 2022

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    Cited By

    View all
    • (2024)A Review on Decentralized Finance EcosystemsFuture Internet10.3390/fi1603007616:3(76)Online publication date: 26-Feb-2024
    • (2023)Revolutionizing Digital Banking: Harnessing Blockchain Smart Contracts for Enhanced Security and Efficiency2023 3rd International Conference on Smart Generation Computing, Communication and Networking (SMART GENCON)10.1109/SMARTGENCON60755.2023.10442642(1-5)Online publication date: 29-Dec-2023
    • (2023)Unlocking Decentralized Lending Protocols: Semantic Unification and Risk Spillover Assessment2023 IEEE International Conference on Data Mining Workshops (ICDMW)10.1109/ICDMW60847.2023.00095(691-697)Online publication date: 4-Dec-2023

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