What is Rari Capital?

Rari Capital is a suite of decentralized finance products that allow users to earn yield. One of these products is the Earn product. The Earn product is a yield aggregator that searches for the highest yield with an autonomous algorithm across a collection of DeFi lending protocols. There are three distinct pools: USDC, DAI and ETH. These pools then use the deposited asset to earn a yield. This yield is earned via multiple strategies. For instance, assets in the pool can be deposited into DeFi protocols such as Aave and Compound Finance. Another strategy includes depositing the asset into so-called Fuse Pools on Rari Capital. These Fuse pools allow users to create their own lending and borrowing pool. In this dashboard, we will look at how assets from the DAI Vault are allocated across these various Fuse pools.

Methodology

In order to find how tokens in the DAI Vault are allocated, the ethereum.events_emitted table was using in combination with the contract address of the DAI vault: 0xafd2aade64e6ea690173f6de59fc09f5c9190d74. Filtering by event_name = 'PoolAllocation' and tx_to_label_subtype = 'pool' allowed us to see each transaction where USDC for deposited into the various Fuse pools. The pools are identified by a number such as 100, 101 and 102. Manual search using Etherscan was used to find the name of the pool associated with each number. Pools 1, 2 and 3 were excluded as these represent the DeFi pools such as Aave and Compound. Finally, we sum the amount deposited into each pool.

Results

We can see that the tokens in the DAI Vault in allocated quite equally across just three Fuse pools: Fuse-6 having the largest share of about 42%. Then the Olympus Pool Party pool and finally the Tetranode pool with about 21% DAI in the Vault.