Fuse Pool Analysis
Q3. Are the DAI and USDC Vaults using the same Fuse Pools to seek yield? What differences can you identify?
Fuse Pools
Fuse is an open interest rate protocol that allows users to lend and borrow digital assets. The Fuse protocol enables anyone to instantly create and deploy their own lending and borrowing pool.Permissionless Pools unlock the ability for anyone to deploy their own Fuse pool, a money market for any asset, enabling users to lend and borrow in an open way.
Fuse Pool 6 with 43% percent has the most volume in distribution. Other pools indicate to Aave and Compound Pools and this two only have 0.6% percent of total, very small share!
Daily volume of dai vault showing deposit amount over time on fuse pools. Oct 2021 to Jan 2022 was the biggest volume of they ever seen. Fuse pools 6, 7 and 18 reached to 7M during this time period.
There are 9 USDC pools plus Aave and Compound pools in Fuse. Fuse 7 is the largest pool between all by 49% and Aave with Compound got 4% comparing to Dai they've got more share in USDC.
Daily chart of USDC is alike Dai, They also got the most volume on Oct 2021 until Jan 2022 but they reached to 10M volume.
To conclude:
DAI and USDC Vaults using the same Fuse Pools to seek yield.
USDC has more pools than DAI. They both have two common pools ,Aave and Compound. USDC has more amount of deposit compare to DAI. Daily deposit of both vaults are very similar in charts but USDC has more activity on their pools.