Introduction and methods

The Kashi is like a continuation of BentoBox. On the one hand, Bentobox is a vault that securely stores tokens and generates yield from flash loans and strategies for any protocol built on top of it. Kashi, which is the Japanese word for lending, is built off of BentoBox, meaning that Bento holds the tokens and Kashi utilizes those assets for lending, borrowing, and most importantly, one-click leverage trading transactions. In Kashi’s case, BentoBox serves as a wallet, separate from users' externally owned wallet, that optimizes transaction time and fees, and allows dual, simultaneous usage of your tokens.

In this dashboard we are gonna explore the total fees each Kashi market has generated so far in both, Ethereum and Polygon and we will find as well the top markets in terms of total fees generated. Due to the Polygon platform has data from June 2022, I have done the analysis of networks in a separately manner.

Results

The two first charts are about the ETH fees on Ethereum network. Due to Polygon data is only avialable since June, I have splitted the analysis by network.

In the first chart it can be seen the amount of total fees generated by each Kashi pair. The fees are splitted based on the origin action, lending or collateral. Looking at the numbers, we can see how the top pairs have a similar amount of fees procedents from lending and collateral, while the others have more fees procedent from lending.

The second chart shows the distribution of fees by each Kashi pair. There it can be seen two main Kashi pairs in terms of fees: SUSHI/DAI with around 12% of the total generated fees (equivalent to 26 ETH) and SUSHI/USDC having 8.5% of the total fees (equivalent to 18.76 ETH). Other important pairs are WETH/DAI, LINK/DAI, SUHSI/USDT and ETH/USDT.

In terms of Polygon fees, it can be seen a clear popular Kashi pair. In this case, the origin fees of this top pair is mainly lending but also from Collateral. It is to say that the major of the other pairs have generated fees basically from collaterals.

Looking at the second chart, we can see how the top Kashi pair is WETH/USDC with over 63%. However, it only represents 17 MATIC in fees so far. Other important pairs are ETH/DAI, ETH/USDT and WBTC/DAI.

Conclusions and key insights

In this dashboard we have studied the fees on Kashi pairs of Sushiswap taking into account Ethereum and Polygon networks. We have plotted the total fees of each Kashi pairs in both networks splitted by the origin action, lending or collateral.

The key insights extracted from the analysis have been the following:

• From Ethereum network, the top pairs have a similar amount of fees procedents from lending and collateral, while the others have more fees procedent from lending.
• Thereare two main Kashi pairs in terms of Ethereum fees: SUSHI/DAI with around 12% of the total generated fees (equivalent to 26 ETH) and SUSHI/USDC having 8.5% of the total fees (equivalent to 18.76 ETH).
• The top Kashi pair in Polygon network is WETH/USDC with over 63%. However, it only represents 17 MATIC in fees so far.