Whale Wallet Analysis - Saffron Finance

Whale Wallet Analysis - Saffron Finance

By D3F1 | DeFi Box | 13 Nov 2020


Hello guys, I am back with another Whale Wallet Analysis. This time, it is for Saffron Finance.

It is important to mention that, for this Whale Wallet Analysis, I have scanned the whales that are currently providing liquidity for Epoch 0 of Saffron. This is because the SFI isn't released yet However, we can still dig into the first liquidity providers interested in SFI and take a look into what other projects they are into.

I have previously conducted a similar analysis for AMPL, SNX, BASED, LINK, YFI, YFV, UNI, and WBTC.

The SFI LPs list is accessible on the Etherscan page for anyone to see. 

Following is a list of hand-picked SFI LP whales that I found - I hope you find it interesting;

#1 Whale 

Rich List: 4th  
Wallet Address: link
Epoch 0 participation: 5.8261% 

Other notable DeFi Holdings: 

- 3.548M $RSPT: ~ $3.548M - Bought in October 2020.

Whale #1 has a total portfolio of $5 million in assets, the majority of which is locked in the Rari Stable Pool on dYdX. On top of this, the whale also has around $685K worth of USDC that is locked in the BarnBridge pool and $600K locked in the DUSD liquidity pool on Curve.fi.

This DeFi liquidity mining has allowed him to earn $110K in RGT and $245 in CRV.

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#2 Whale 

Rich List: 5th  
Wallet Address: link
Epoch 0 participation: 5.7012% 

Other notable DeFi Holdings: 

- 291.1K $aLINK: ~ $3.6M - Lent to Aave in October 2020.

Whale #2 has a total of $3.6 million in assets, $1 million of which is debt. The majority of his wealth is in LINK which he has lent to Aave to earn interest. On top of this, the has borrowed around $1 million of aDAI from Aave as debt. 

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#3 Whale 

Rich List: 6th  
Wallet Address: link
Epoch 0 participation 4.762% 

Other notable DeFi Holdings: 

- 164.8K $aLINK: ~ $2M - First lent LINK to Aave in June 2020 and has continued ever since.
- 935K $RSPT: ~ $935 - First purchased in September 2020.
- 890 $aETH: ~ $366K - First lent ETH to Aave in July 2020.
- 686K $zHEGIC: ~ $136K - Purchased in October 2020.
- 16.7K $SNX: ~ $63K - First lent SNX to Aave in July 2020.

Whale #3 has a total net worth of around $5.2 million with an additional $1.5 million of debt. This whale is an active DeFi farmer and lender with over $6.4 million (some of that is debt) locked into deposits for the different lending platforms. For example, he has $2.5M locked into aYFIF, $2M locked into aLINK, and $407K locked into aETH. He has almost $1M in the Rari Stable Pool, $151K locked in the Rari Ether Pool, and also is staking some PICKLE in the PICKLE/ETH pool.

His debt is largely composed of borrowing $663K USDC from Aave and $483K DAI from Aave also. 

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#4 Whale 

Rich List: 8th  
Wallet Address: link
Epoch 0 participation: 2.3276% 

- 529 $ETH: ~ $242.4K - 
- 10 $WBTC: ~ $160K - Purchased wrapped BTC from Binance in September 2020.
- 2 $YFI: ~ $30K - Bought YFI on Uniswap in August 2020.

Whale #4 has a total net worth of $4M with $300K in debt. The whale has a total of $869K in Maker vaults, presumably to borrow DAI from the system. From this, he has almost $3M locked into the WBTC/ETH liquidity pool on Uniswap.

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#5 Whale 

Rich List: 9th  
Wallet Address: link
Epoch 0 participation: 2.1213% 

Other notable DeFi Holdings: 

- 2.4K $SAFE2: ~ $503K - First purchased in September 2020.
- 3.2K $DXD: ~ $499K - Bought in August 2020.
- 3K $KP3R: ~ $351K - Bought from Uniswap in October 2020.
- 94.9K $MFT: ~ $209K - Purchased in November 2020.
- 3.7M $HAKKA: ~ $150K - First bought 12 million HAKKA in August 2020 and has been selling ever since.

Whale #5 has a total of $8M in assets alongside $300K worth of debt. The majority of his holdings are in the aREN pool in which he has lent $5.4M worth of REN to AAVE. He also has a total of $1.2M in staked SUSHI

In addition to this, Whale #5 also holds quite substantial holdings in SAFE2, DXD, and KP3R. His debt originates from borrowing aBUSD from Aave.

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#6 Whale 

Rich List: 11th  
Wallet Address: link
Epoch 0 participation: 1.9854% 

Other notable DeFi Holdings: 

- 71.32 $WBTC: ~ $1.15M -

Whale #6 has a total net worth of $1.17M with $550K worth of debt. The majority of his holdings are locked in the WBTC Maker Vault which is around $1.15M. Additionally, he has $225K inside the Rari Ether Pool.

The whale also has $128K in Liquidity Pools that is split between LINK/WETH ($108K) and BAND/WETH ($19.9K) - both of these are provided to Uniswap. Interestingly, the whale has a Written WBTC option open on HEGIC which is worth $190K.

He has a total of $550K in debt from his Maker Vault - presumably, he took out DAI.

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#7 Whale 

Rich List: 13th 
Wallet Address: link
Epoch 0 participation: 1.6561% 

Other notable DeFi Holdings: 

- 16.2M $cUNI: ~ $947K - Lent UNI to Compound Finance in October 2020.
- 1M $SAFE2: ~ $210K - Bought November 2020.
- 690 $KP3R: ~ $81.2K - Bought November 2020 on Uniswap.

Whale #7 has $5.13M in total assets with $1.1M of this being debt. The majority of his holdings are in YFI ($1.29M) which he has lent to the Aave platform. He has also lent around $947K in UNI to Compound as well as $74K ETH to Aave.

This whale also has quite a large options contract open in Staked Written ETH on HEGIC which totals $2.35M.

His debt originates mainly from borrowing $629K DAI from Aave and $401K in USDC.

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#8 Whale 

Rich List: 16th  
Wallet Address: link
Epoch 0 participation: 1.23% 

Other notable DeFi Holdings: 

- 4K $KP3R: ~ $469K - Bought 7K of KP3R in October but has sold some since.
- 58.5K $RSPT: ~ $58.5K - Bought in October 2020.

Whale #8 has a total of $545K in assets, the majority of which is held in K3PR. He has around $60K worth of Rari inside the Stable Pool as a deposit.

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#9 Whale 

Rich List: 18th 
Wallet Address: link
Epoch 0 participation: 1.1586% 

Other notable DeFi Holdings: 

- 275K $aZRX: ~ $99K - 
- 1.4K $CREAM: ~ $69K - 
- 1.7K $wNXM: ~ $40.2K - 

Whale #9 has a total net worth of $4.6M with $743K of this in debt. His largest holding is deposited inside USDC in Cream which totals around $1.2M. He also has $361K of yUSD deposited into Cream. Additionally, this whale has around $960K locked inside that Rari Ether Pool.

On the liquidity side, the whale has $85K locked in Balancer in the GNO/WETH pool. He also has $71K in the DXD/WETH pool on Balancer.

The whale has around $1.6M in options which are largely held in Staked Written WBTC ($1.2M) and Staked Written ETH $407K on HEGIC.

His debt originates from borrowing $601K in SRM and $142K in SUSHI.

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#10 Whale 

Rich List: 19th  
Wallet Address: link
Epoch 0 participation: 1.0839%  

Other notable DeFi Holdings: 

- 472.5 $cWBTC: ~ $153K - 
- 145 $ETH ~ $66.6K - 
- 2.9K $BAL: ~ $33.3K - 
- 55.73 $MKR: ~ $29.4K - 

Whale #10 has a total of $1.43M in net worth with an additional $207K of debt. A large proportion of his holdings are held in the ETH Maker Vault ($373K) from which he has borrowed around $152K DAI.

This whale also has lent $153K of $WBTC to Compound Finance to earn interest. He has $784K lent to liquidity pools which is split better YFI/WETH ($618K) on Balancer and the DUSD Curve Pool ($165K).

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Conclusion

As you can see, there is a wide range of whales that are interested in Saffron Finance. They all seem to have a wide range of tokens that they are invested in but it seems that the Rari Stable Pool Token crops up amongst the bunch the most. 

These whales also seem heavily interested in DeFi lending and liquidity mining - something that has been much less prevalent in other Whale Wallet Analyses I have conducted. They have spread their wealth amongst different lending platforms and liquidity pools in the hope to earn a return.

Lastly, I would like to point out that this is the first time that I have noticed any whales opening any decentralized options contracts. 


D3F1
D3F1

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