Taking A Closer Look At Compound Users

Examining and analyzing Compound users and their behaviors with @ah_kek

So far, most of Flipside’s Compound bounties have focused on how users are behaving and interacting with the platform. But today, with some help from bounty hunter @ah_kek, we’re taking a closer look at where else in DeFi Compound users are, or where they’ve been before.

As we can see above, Harvest Finance, represented by the bright green bars above, is a popular protocol for COMP users. But that isn’t the only place they’re heading of course.

On May 10, for example, there was a fairly significant spike in the amount of ETH being borrowed on Compound, as @ah_kek points out above. So where is all that ETH headed?

It would seem it went to the dogs. According to the analysis from @ah_kek, SHIB tokens saw high amounts of swaps involving Compound users not long after.