Introduction

what is Sushiswap?

Sushiswap is a decentralized cryptocurrency exchange and automated market maker built on Ethereum. Holders of SUSHI can participate in community governance and stake their tokens to receive a portion of SushiSwap's transaction fees.

What is Kashi?

Kashi is a lending and margin trading platform, built on the BentoBox, that allows for anyone to create customized and gas-efficient markets for lending, borrowing, and collateralizing a variety of DeFi tokens, stable coins, and synthetic assets.

Methodology

• We will look at user deposits, leanding, and withdraws of stablecoins on Kashi.

• We are looking to see what stableecoins are most popular for users on Sushiswap.

Observations

• The three most popular Stablecoins on Kashi in terms of deposits are MIM, USDC, and DAI.

• Most of these have not been over 700 depositors daily by any asset on Kashi.

• In one day there was over 700 Million of MIM deposited into Kashi.

• No asset has over 3,500 depositors on Kashi.

Observations

• In terms of TVL on Kashi MIM and USDT are the only to stablecoins that are in the top 10 assets.

• MIM makes up nearly half of all the TVL on Kashi and is the only stablecoin to have a significant portion of the total TVL.

Conclusion

• The average colateral of a MIM depostors 100,000 MIM, and the Average deposit of xSUSHI is about 3,300.

• Although stablecoins assets other than MIM are used by many Kashi users they do not make up a large portion of the platform's volume.

• In terms of TVL on Kashi MIM and USDT are the only to stablecoins that are in the top 10 assets.

• The three most popular Stablecoins on Kashi in terms of deposits are MIM, USDC, and DAI.

• Most of these have not been over 700 depositors daily by any asset on Kashi.