stablecoins on Kashi markets
Analyze the behavior of stablecoins on Kashi markets. Which ones are being deposited for lending? Which ones as collateral?
Note: Currently the polygon data is only showing the recent months.
Approach
lets analyze the behavior of stablecoins on Kashi markets. and see Which ones are being deposited for lending? Which ones as collateral?
I have considered 5 tokens as : ('USDC','DAI','USDT','BUSD','TUSD') and joined the ethereum.sushi.ez_lending to
polygon.sushi.ez_lending to get to the beaviour of stablecoins in terms of depositing for lending.
also I did similar for collateral tokens and joined ethereum.sushi.ez_borrowing
Results
part 1
in terms of being deposited for landing on kashi markets, USDC is ranked first in number of usage,USDT ranked second, DAI ranked third and TUSD ranked last. but in terms of Amount deposited, DAI is Ranked First with 39.5% of all amount deposited for landing on kashi markets on Ethereum and Polygon.and USDC and USDT are following it ranking second and third respectively.
Part 2 / RESULTS :
in terms of being used for collateral token on kashi markets, USDC is ranked first in number of usage,DAI ranked second and USDT ranked third. but in terms of amount, again DAI is ranked first , with over 65% of all collateral amount among in studied tokens , and USD is Ranked 2nd.