Fuse Pool USDC Allocation

    How are the tokens in the USDC Vault being allocated into the various Fuse Pools?

    Introduction

    Rari Capital is a suite of defi protocols on a mission to bridge the gap between technical and non-technical minds, in order to bring the next wave of mass users into this industry.

    One of the products of Rari Capital suite is Fuse. An open interest rate protocol that provides users the ability to create and manage customizable lending/borrowing pools.

    I'll be taking a look into Fuse.

    Methodology

    1.- First step was find the contract address for the Rari Capital USDC contract address, luckily their documents provide it.

    2.- Next is to identify the pools that contract is transfering tokens to using Flipside's 'Ethereum_core.fact_event_logs' table.

    3.- Continuing to rule out other transactions by filtering for 'PoolAllocation' in Event_name to rule out other transactions.

    4.- Followed by ruling out those that are not fuse pools. Also rule out failed transactions.

    Analysis

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    • The major allocation in Fuse Pools goes to pool fUSDC-7(ETH Pool) with 51.1% of the total allocations.

    • The second would be pool f6-USDC(Fuse-6 USDC) with 26.8%.

    • The third would be pool fUSDC-18(Olympus Pool Party) with 21.3%.

    • Followed by the rest of the pools with less than 1% of allocations.

    • The biggest pool is Fuse R4, with 62 millions allocated into it.

    • The second one is Fuse 6, with 32 millions allocated.

    • And the third one would be Olympus Pool Party, with 26 millions allocated.

    • The next ones have less than 200k each.

    • Here we can see that, excluding fUSDC-11 last used in March, the other pools, havent been used since last year, explaining the low amount in the pools beside Fuse R4, Fuse 6 and Olympus Party.
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    So, Fuse

    • With more 100 Millions allocated between its pools

    • The preferred pool by far it is fUSDC-7 (ETH Pool USD Coin)

    • Excluding the six allocations that fUSDC-11 had this year, today the active ones are only fUSDC-18, fUSDC-7 and f6-USDC.