A Guide to Anthias v1
Step 1: Select the protocol/chain you want to view
Currently Aave on Ethereum and Euler on Ethereum are available; more will be added soon!
Step 2: View the Largest Wallet Addresses
Wallet addresses can be sorted by how much they have supplied and borrowed. From these amounts and assets can be calculated how close these wallets are to liquidation (aka liquidation health). If a chain has a large amount of big wallets that are close to liquidation, it may be a good time to make a move (Anthias never offers financial advice).
Step 3: Review Liquidation Health Scores
Liquidation health scores are a measure of how close a particular wallet is to being liquidated. Any score above 1.5 is green or very healthy; any score between 1.5 and 1.2 is yellow or moderately healthy; any score below 1.2 is red or unhealthy (and close to or undergoing liquidation). You should watch out for the number of large wallets that have unhealthy liquidation scores.
Step 4: Use Your Data in the Macro Context
Liquidation scores are a very helpful metric when viewed in the macro-economic context, especially the DeFi-macro-economic context. Use these metrics to help inform your degen plays and respectable investments.
Step 5: Check the Graph View
The Graph View (currently available for both Aave and Euler) gives a visual representation of the data in the Table View--for all our visual fishers ;)
A bonus feature is the ability to click a wallet address and go directly to its Etherscan (or Euler profile for the Euler dashboard). This can allow you to see real-time what borrowers are doing with their borrowed positions and track wallet activity directly.
- Historical View
- The Historical View allows you to compare today's liquidation health data with that of the past to observe data trends that could lead to future predictions.
- VaR View
- The VaR View allows you to simulate the borrowed, supplied, and TVL value at risk based on a number of different metrics.
- After running a simulation, read the Anthias Takeaway to read in plain English what your simulation means.
- Wallet View
- An in-depth breakdown of the assets an Euler user is borrowing and supplying.
- A correlation table to display the correlation of the different assets to one another (if there is a high correlation, it could mean a more risky position)
- The Anthias Takeaway to read in plain English the individual wallet's chance of liquidation in a specified period of time.