Crypto.com white logo

Win exclusive prizes in our FIFA World Cup™ trading competition.

A Flight to Safety in Uncertain Times [May 2022 Chartbook]

Loan-to-Deposit ratios among DeFi lenders show strength in their financial positions. Borrowers hold on to their collateral positions on MakerDAO and AAVE while Compound’s deleveraging continues.

Jun 23, 2022
Chartbook May 2022

Here are the seven key takeaways for this month:

1) Loan-to-Deposit ratios among DeFi lenders show strength (ability to lend more) in their financial positions (typically, the ideal LDR is 80% to 90%).

2) Borrowers hold on to their collateral positions on MakerDAO and AAVE while Compound’s deleveraging has continued for some time.

3) Floor prices of popular NFT projects such as BAYC and CryptoPunks continued to fall in June.

4) Tron’s USDD seems to have lost its peg, with USDT and MIM also struggling to maintain USD parity in choppy market conditions.

5) Battered by macroeconomic forces and various crypto market incidents, BTC and ETH have seen a significant price decline in recent weeks.

6) Staked ETH trades at a discount of more than 5% from $ETH.

7) Celsius halted withdrawals in mid-June amid uncertain market conditions and a decline in the price of CEL.

Authors

Michael Bolger (Senior Research Analyst)
Henry Hon PhD, CFA (Head of Research & Insights)
Jack Moore (Research Analyst)

Tags

BTC

crypto

crypto research

crypto space

cryptocurrencies

DeFi

Derivatives

ETH

exchanges

Institutions

L1 & L2 chains

Market

market movements

NFT

Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with Crypto.com

By clicking the Get Started button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
Get Crypto.com App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens