stable coins in Kashi
Introduction
Anyone may design unique and gas-efficient markets for lending, borrowing, and collateralizing a variety of DeFi tokens, stablecoins, and synthetic assets using the Kashi lending and margin trading platform, which is based on BentoBox. Kashi has its own isolated market structure to support its wide variety of tokens. In Kashi, each market is completely independent (similar to the Sushiswap DEX), hence the risk of assets in one loan market has no bearing on the risk of another lending market, in contrast to standard DeFi money markets where high-risk assets can bring risk to the whole protocol.
Kashi separates the internal lending and borrowing risk for each specific pair. Because Kashi can isolate risk in individual pairings, users may lend and borrow assets that aren't possible on systems that rely on pools of capital.For More info about Sushiswap in the polygon,refer to https://app.intotheblock.com/insights/defi/protocols/sushiswap_polygo
Methodology
This query here follows different methods to retrieve the data . Initially the stable coins chosen here are TUSD,USDC,DAI,USDT,sUSD,FEI etc.Hence the borrow and repay actions are made as a constraint and then thier amount is chosen from lending and borrowing from the cross-chain data.Then the transactions ,users and the volume of the transation in the past month is also taken for both Ethereum and polygon data and they are compared.Now let us go to the results.
This table here at the left shows the different stable coins that have transacted in Kashi and towards the right we can see the shares each stable coin hold in the network where it is seen that DAI holds the first place in the transacted volume amoung all other stable coins.
Both the tables here displays the transactions and users in the Kashi network in both Ethereum and Polygon Network.The data on the left is for the Ethereum and right displays the transactions and users of Kashi stable coins in polygon network.
The users of the Kashi users in both Ethereum and Polygon networks are shown here. It is seen that the users are more in DAI in the Ethereum Network while it is USDC in the polygon network. Hence comparing both the network it is seen that the users of the polygon are more in USDC while it is more in DAI.
The transactions in Kashi are seen that the more transactions in Ethereum are seen in DAI tokens and then in Polygon tokens, more transactions are done in USDC. Hence comparing the transactions with both network the trend followed is same as before where the DAI tokens are more in Ethereum and USDC rely on the polygon network.
The final comparison here includes the amount that is transacted using the stable coins in both the network and it is seen as before that the DAI holds the most in Ethereum while USDC in Polygon network.