Introduction

Anyone may use Fuse to set up their own loan and borrowing pools, making it a truly unique platform. Fuse allows pool owners to set their own specifications for their pools (such as interest rate curves, oracles, collateral ratios, etc). One of the most intriguing aspects of this platform is that each pool's risk is segregated from the risk of other pools.

Fuse Pools

Each pool in the fuse has a unique identifier that is generated by the fuse itself. In addition, each pool contains a set of assets that can be used to pay interest on loans. Moreover, the risk percentages connected with each pool can vary based on the parameters set and the permissible assets allowed. In order to make an informed decision, gather as much information as possible about a potential pool before making a final decision. As a result, the fuse in every pool is different. A list of verified pools in the fuse is shown in the screenshot below.

Method

• For the purpose of tracking down transactions in which a given asset went into a fuse pool, we turned to the flipside_prod_db.ethereum_core.fact_event_logs database. When using Pool Allocation, only successfully completed transactions were allowed through. Each pool had a unique event inputs number. Although the number of pools in the flipside_prod_db.ethereum_core.fact_event_logs table was not the same as the number in a fuse, it was discovered that each of the numbers in the flipside_prod_db.ethereum_core.fact_event_logs table related to which of the fuse pools by studying a few transactions on https://etherscan.io/. There appears to be a correlation between pools numbered 100 and above and fuse pools. Then the relevant query included this information. Each pool was compared by producing a PIE chart to show the total allocations in each pool.

Analysis

Observation

• DAI Vault allocations are found using flipside_prod_db.ethereum_core.fact_event_logs table with filter of lower(contract_address) = lower('0xafd2aade64e6ea690173f6de59fc09f5c9190d74') and event_name = 'PoolAllocation'.

• The DAI Vault managed by Rari Capital distributes funds to a total of 5 pools; three of these pools are Fuse Pools, and the other two are Aave and Compound.

• The greatest number of DAI allocations came from the DAI vault's Fuse Pool 6, which accounted for 43.7 percent of the total allocations for the entire pool.

• The following two pools are Fuse Pool 18, which accounts for 30.9 percent of total overall allocations, and Fuse Pool 7, which accounts for 24.8 percent of total overall allocations.

Findings in the last three charts

• When we take a look at this last chart, it is once again clear that the most significant ones are the ones that have already been mentioned. Not only with regard to the distribution, but also with regard to the transactions. From this, we can determine that the allotment for each of the top pools is in average 25 million dollars.

• The number of cumulative vault transactions over time is times of 621.

• It is consistent with the fact that DAI vault allocated the most DAI to fdai-6, accounting for 59.4 percent of transactions, that Fuse Pool 6 is the only pool that has transactions for each of the 12 months.

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What can be observed in the shown chart?

• The token distribution that takes place between DAI Vault and pools is depicted in the bar chart that can be found above.

• The beginning of distributions from the DAI Vault came in May 2021, and in January 2021, they hit an all-time high of 29 million USD.

• After November 2021 and continuing through January 2022, there were no token allocations made to pools during this time period.

• It is consistent with the fact that DAI vault allocated the most DAI to Fuse Pool 6, accounting for 43.7 percent of allocations, that Fuse Pool 6 is the only pool that has received token allocations for each of the 12 months.

• The cumulative value of vaults over time in a monthly timeframe is more than 231.8M in USD. 

Conclusion

We've learned a few things about Rari Capital thanks to this dashboard. DAI distribution in the Fuse pools was a primary goal of this exercise. The assets in Rari Capital's DAI Vault are split into five different pools: three of them are Fuse Pools, and the other two are Aave and Compound. The DAI vault distributed the greatest number of DAI allocations to fdai-6; this number represented 43.7 percent of the overall allocations. The DAI Vault began allocating tokens in May 2021, and they hit an all-time high of around 29 million USD in January 2021. After November 2021 and until the first of January 2022, no tokens were allocated to pools during those months. This discovery can be seen in the last two figures, which depict the total number of transactions completed by each pool through time and cumulatively across all of time, respectively.

Image source: https://twitter.com/Fuse_network