What is Sushi?

SushiSwap is a software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets. Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal.

Question:

Analyze the behavior of stablecoins on Kashi markets. Which ones are being deposited for lending? Which ones as collateral? Do this for both polygon and Ethereum. You can use the cross-chain sushi ez_lending and ez_borrowing. \n

Metrics:

1. Daily Volume Deposited as Collateral on Kashi By Stablecoin
2. Total Volume Deposited as Collateral on Kashi By Stablecoin
3. Daily Volume Deposited for Lending on Kashi By Stablecoin
4. Total Volume Deposited for Lending on Kashi By Stablecoin

Analysis:

Before Breaking down these metrics it is to be noted that Polygon data started on June 7th 2022 and thus much of the data involving Polygon is left out. In the first graph in the top left corner we can see the daily volume deposited as collateral as you can see it appears that a lot of volume of deposits were happening in 2021 but as we get to 2022 that volume is little to nothing on a day to day basis. Overall though the most popular coins to provide as collateral are DAI then USDC, then USDT. DAI has the most volume deposited as collateral at nearly 4.5M, USDC is only about half of that and USDT is a smaller fraction of that. If we move onto Volume deposited for lending we can see a similar pattern that by the current day the volume being lent daily has decreased massively and now is only a fraction of what it once was. If we move onto the breakdown by coins we can see that each of the stablecoins have significant volume in this category with DAI once again being the largest but not by the same margin as it was before, USDC and USDT are also massive stabelcoins in terms of lending.

Conclusion:

1. The volume of collateral deposited on Kashi and the volume deposited for lending on Kashi has been decreasing over time and is very minimal by the current day.
2. The largest coin for both lending and providing collateral is DAI followed by USDC and then USDT.

What is Kashi/Bento Box?

BentoBox is an asset-based liquidity token pool. Anyone can provide liquidity to it and anyone can develop on top of it. the first product Sushi developed on top of BentoBox is Kashi, a lending protocol. For more information click here.