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What Will You Read?

In this Analysis, You will read about Stablecoins on Kashi. We want to know the behavior of stablecoins on Kashi markets. Which ones are being deposited for lending? Which ones as collateral?

** \n 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 12Min

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Method

• I divided my analysis into two parts. Ethereum and Polygon.
• Ethereum : In order to find collateral amount, I used token Ethereum transfer table with Sushi bentobox address which is 0xf5bce5077908a1b7370b9ae04adc565ebd643966. To find lending deposits, I used a cross-chain lending table.
• Polygon: I followed almost the previous way to find Collateral and lending deposit activities.
• NOTE: Polygon data is not complete and I analyzed it from existing data on Flipside tables.

Stablecoins on Kashi on Polygon

Stablecoins on Kashi on Ethereum Chain overview

Stablecoins on Kashi on Ethereum Chain Since 2022-01-01

• USDC is the most popular token both in collateral and deposit for lending.
• At the beginning of the year, Users used stablecoins for lending but recently more users used stablecoins as collateral.
• The highest amount of Collateral was USDC on January 31st with 465K$.
• The highest amount of Deposit lending was USDC on January 8th with 440K$.

Volume Share ( Ethereum)

• USDC with 3.4M dollars which is 65% of the total volume is in first place in Collateral. Also, with 2.3M dollars Deposited for lending is in the first place for lending.
• The second most used token is USDT in both Collateral and Lending.
• From Numbers, We can conclude that users have more collateral for their assets in comparison to deposits for lending based on Volume.

Based on total number of transactions, Users collateral their stablecoins in comparison deposit for lending.

Daily Volume of Collateral Vs. Lending on Polygon

• The most popular token for collateral and lending is USDC.
• Users in June made collateral in comparison to lending.
• Users in July made deposit for lending more than Collateral.

Share of Volume

• Based on Volume, Users deposit their assets for Lending in comparison to Collateral.
• Also, USDC is the most popular coin in both collateral and lending.

Based on total number of transactions, Users Deposited for lending more than collateral.

Conclusion

• USDC is the most popular token for collateral and lending.
• Users deposited as a collateral more than lending on Ethereum.
• Users deposited for lending more than collateral on Polygon.

Thank You For Reading!

ALL CODES AND CONTENTS PROVIDED BY Hess

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