Defibox Weekly Report

Defibox Team
4 min readAug 25, 2021

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From Aug. 30 to Sept. 7

On EOS eco-system

Defibox Weeky Statistics Overview (Data from 00:00 HKT on Sept. 8)

1. Swap

In the last week, Defibox total vale locked was 128,926,635 USDT, of which the Swap liquidity pool was 61,578,311 USDT, the USN staked was 27,014,989 USDT, and the lending deposit was 40,333,335 USDT.

The total Swap volume increased a lot, and the market was fluctuating and transactions were active. The volume has leapt from 3.3 million to 28.5 million. Great transaction volume had also promoted the buy-back & burn of BOX from protocol income. The highest amount of burns in 24H was 3042, which is much larger than the daily released BOX.

The total Swap liquidity was 84,516,574USDT, of which EOS+USDT has the highest liquidity pool with approximately 23,417,847USDT, followed by EOS+BOX and EOS+USN.

2. USN stablecoin

The total generation was 7,307,619 USN, and the total staked collateral was 24,849,153 USN. The USN stablecoin has been successfully pegged for 285 days, with an exchange rate of 98.2%

The trend of pegging in USDT

3. Lending

In the last week, the deposit was 40,333,335 USD, the borrow was 4,297,627 USD, and the number of market participants was2,519, of which:
The total deposit of BOXL is the largest, accounting for 28.6% of the deposit;
USDT has the largest borrow amount, accounting for 40.7% of the borrow amount;
The deposit APY of USN was the highest, with an annualized rate of approximately 13.8%;
The usage rate of USN was the largest, about 82.13%.

4. BOX token

As of September 8, the price of BOX tokens was 7.9 USD
The total released token was 2,124,520 BOX, and the release in last week was 24,952 BOX;
141,680 BOX had been burnt in total, and 7,050 BOX had been buy-back & burn last week.

5. BSS

As of September 7, the total amount of BSS deposit was 480,562 BOX, and the deposit users were 2,504.

On BSC

1. Swap

BSC transactions were hot, with daily trading volume breaking through from 0.5 million to 1.5 million.

2. Revenue

The compound APY of the DOT+BUSD pair was as high as 112.40%, which was 7 times the income of the PancakeSwap mining pool. Users who hold DOT is welcomed to do the market-making.

Process of project and marketing

1. On September 7, DefiBox officially participated in the EOS node election.

2. Continue to optimize EOS chain Dapp and desktop functions to enhance user experience.

3. The DIP28 proposal has started voted, and the market-making funds of the Swap protocol will participate in the node voting for revenue.

Thanks for reading. ⬇

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Originally published at https://defiboxteam.medium.com on August 25, 2021.

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