Decentralized Finance: Lending Report December 2018

An overview of lending activity on decentralized lending protocols Compound, Dharma, dYdX and MakerDAO

For the second consecutive month, we’ve compiled relevant loan data for the four leading decentralized lending protocols. The data below reflects on-chain lending activity for the month of December. As this space continues to grow and mature, we’ll continue to highlight activity across all protocols in order to increase transparency for both retail and institutional lenders with an interest in non-custodial lending platforms.

Executive summary

Protocols: Analysis

The total amount of principal borrowed in December, across all four protocols, increased 29.86% to approximately USD 37.92m compared the same total for November, which stood at USD 29.2m.

Compound Protocol

Total loaned principal: USD 2.76m

Number of loans: 334

Percentage change from previous month: -4.11%

Top borrowed assets by value (descending order): DAI, WETH and ZRX

New supply across all assets: USD 16.1m

Top lending platforms: Compound

data source: (pulled directly from) Compound smart contracts

Dharma Protocol

Total loaned principal: USD 8,305

Percentage change from previous month: -4.85%

Number of loans: 105

Top borrowed assets by value (descending order): WETH, REP and BAT

data source: Loanscan.io

dYdX Protocol

Total loaned principal: USD 924,179.17

Number of loans: 1,039

Percentage change from previous month: 177.30%

Top assets (descending order): WETH and DAI

Top lending platform: Expo

data source: (pulled directly from) dYdX smart contracts

MakerDAO Protocol

Total loaned principal: USD 34.22m

Percentage change from previous month: 31.70%

Number of loans: 4,322

Top lending platform: Collateralized Debt Position Portal and InstaDApp

data source: Loanscan.io