Actual Usage of Cover Protocol Snapshot 2021/02/18

Disclaimer: I used the exact same processing script as the previous snapshot, I haven’t really checked the results to be sure if the results are accurate.

   Protocol   #CLAIM #NOCLAIM    #ActualUsage     #TotalCover    #ClaimVolBAL
      CURVE       79       57       148702.66       315805.40       240128.56
       AAVE      114       91       428672.63       521198.59       192035.19
   BALANCER       73       54       195760.62       206418.24       174408.01
  SUSHISWAP       96       67       422842.15      1139528.03        98464.25
      YEARN       96       70        22375.89        57079.01       381101.51
     PICKLE       62       39       363212.02       385302.91        47539.06
 BARNBRIDGE       53       38       247688.22       301112.08        72673.12
    HARVEST        9        7          209.38          769.57           26.52
        REN        8        6        10128.87        10419.23          243.90
      CREAM       13        8          199.62          403.06          273.54
      BASIS       13       10         3466.15         5094.15          957.02
  BADGERDAO      133       87      7711350.07     12824421.26       520481.09
  BORINGDAO       17       12        70156.52       123883.00          519.20
  MUSHROOMS       37       27       306645.98       375546.54        11817.97
       PERP       22       16        34445.15       381627.79        51356.30
      NEXUS       18        8        44489.90        48593.30        10138.08
    INVERSE       55       39        50119.16       108047.79        75983.56
       CORE       37       27        40382.53        58497.04        19026.29
       FRAX       56       37        71120.45       231483.96        34299.75
      AUGUR       17       12        10104.87        12782.28         2053.57
   STABLIZE       11       11           23.62           34.60           23.30
       IDLE       11       10          492.68         8153.33           21.81
     TETHER       10        9           42.78          550.26            6.29
      YFDFI        7        6          971.67         7980.67          570.13
      88MPH       24       20        20487.33      1405876.09        21560.25
       RARI        0        0            0.00           10.00            0.00
     ORIGIN       20       13       275000.93       760584.10          298.60
     DOLLAR        2        2            0.00         5702.00            0.00
  EVOLUTION        0        0            0.00           10.00            0.00
 DEFIDOLLAR        9        7       329390.62       447584.91          353.88
  BTFINANCE        0        0            0.00            0.00            0.00
        RAI        0        0            0.00           10.00            0.00
       UNIT        1        1            0.00           10.00            0.00

#CLAIM = Number of CLAIM token holders
#NOCLAIM = Number of NOCLAIM token holders
#ActualUsage = As defined below
#TotalCover = Number of CLAIM/NOCLAIM pairs
#ClaimVolBAL = Volume reported by Balancer Graph’s totalSwapVolume

As before, I consider an account an net insurance buyer if # CLAIM tokens > 2x # NOCLAIM tokens

This is as opposed to a market maker, who may have a net CLAIM position purely due to IL and not by conscious effort to obtain CLAIM.

As some market makers just provide NOCLAIM LP but just hold the CLAIM token, I can’t check their CLAIM balance in isolation. This also assumes the MM doesn’t send the tokens to another account.

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