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What Will You Read?

In This Analysis, You will read about Fees on Kashi Markets. We want to know How much fees each Kashi market has generated and which are the top markets in terms of fees generated?

What is Kashi?

News. Decentralized exchange SushiSwap has announced the "rolling release" of Kashi, a specialized lending platform specifically designed for margin trading on the exchange, and BentoBox, a dual-purpose yield vault.

Analyzed by Hess - Reading time Almost 10Min

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Method

• I’ve read the Sushi Doc document and reviewed the Sushiswap app. I found that Borrow and Repay apr fees is about 0.25% and for deposits and withdraw is about 0.024. I analyzed the Deposit, Withdraw, Borrow and reapy fees on Polygon and Ethereum. I used Crosschain lending and borrowing and polygon sushi lending and borrowing table.

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• IMPORTANT NOTE: There was only almost 1-month of data for the Polygon network. So I just Analyzed Kashi Fees on Polygon from 2022-06-06.

Lable Guide: Withdraw → Remove Collateral, Deposit → Add Collateral (Lend), Borrow → Borrow from the market and Repay → Repay borrows.

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Polygon ( Since 2022-06-06)

• The highest Fees generated by Repay in Kashi Market. The numbers are not too high. It’s about 111$ in the last 30 month.
• The second one is Borrow with 26$.
• The highest fees generated on June 13th which was 55$ in Repay, 3$ in withdraw and 0.7$ in Borrow.

Ethereum ( Since January 2022)

Let’s examine each chain separately.

• Most fees are generated by Repay activities in Sushi on Ethereum Chain. Almost 18K US dollars which are 57.2% of total Fees.
• The second most fees are generated by Borrow activities. nearly 7.5K US dollars was generated which is 23.9% of total fees.
• The highest fees were generated on January 18th. 1.8K$ Repay, 56$ withdraw (remove collateral), 618$ Borrow, and 39$ deposit ( Add Collateral).

Fees on Kashi Markets Overview ( Polygon Vs. Ethereum in the last 30 days)

Top Generated Fees based on Pools

• xSushi/DAI-Link generated the highest amount of fees among the other Pools. This pool generated 63K USD dollars on Ethereum since January 1st which is 24.6% of total fees.
• xSushi/DAI-Link generated 26K in Borrow, 5K in Deposit, 26$ Repay, and 5K$ in withdrawing.
• xSushi/USDC-Link is the second most pool that generated fees which have about 20% of total fees. This pool generated about 51K Fees on Ethereum.

The average Fees in USD per Market

• It seems Repay had the highest average Fees in Kashi Market.
• After Repay, Borrow had the highest average fees.

Volume through Sushi Market on Ethereum

• The highest Volume in USD went through withdrawal collateral.
• User’s activities in the first months of the year were higher than last 3 months.
• Deposit collateral has the highest number of Users which is 59% of total Users.

Top Generated Fees based on Pools

• WETH/USDC-Link generated the highest fees in Kashi on Polygon chain. This pool generated 70$.
• The second pool is WETH/USDT-LINK with 43$.

Repay had the highest average fees in Kashi on Polygon chain in the last 30 days.

• Deposit had the highest number of users on Kashi market which is 75.6% of total users.
• Withdraw collateral with 468 users is in the second place.
• The highest volume generated on June 13th with 22K$ repay, 294$ Borrow, 15K withdraw.

Conclusion

• Repay Borrow generated the highest fees in Kashi market both on Ethereum and Polygon chain.
• Borrow generated the second highest Fees in Kashi.

Thank You For Reading!

ALL CODES AND CONTENT PROVIDED BY HESS

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