Introduction

Kashi is a lending/borrowing instrument on Sushiwap. Kashi comes from the Japnese word; “Kashimasu” that means '“to lend”. User are able to deposit asset to lend it, in return, they are given yield on their deposited asset. User are also able to deposit collateral, to borrow other assets.

Scope

This analytics will focus on lending/borowing of stablecoin via Kashi on Ethereum and Polygon. For this study, the table ethereum.sushi and polygon.sushi Table. So the data considered are only from 2022-06-07.

Which stablecoin are available for Lending Deposit?

From the table on the right, it indicates that there are more choice for stablecoin on Ethereum than Polygon. Kashi on Polygon only offers 4 half of what they offer on Ethereum.

Which Stablecoin are the most popular amongst Kashi Lending Depositor?

USDC is the most popular stablecoin used for Kashi lending Deposit, based on the number of unique address that has deposited into Kashi Lending pool, on Polygon

The number of USDC depositor on Polygon is almost exceedingly higher than its other counterpart.

The most popular stablecoin on Ethereum Kashi is DAI, but it is only consisted of 10 unique address.

How much is the Average Deposit per User into Kashi Lending Pool?

The highest average Deposit is USDC deposit on Ethereum, and DAI on Polygon.

The average USDC deposit on Ethereum is the highest at 35.5 K USDC/address.

Note that from previous chart, the unique depositor for USDC only consists of 3 people.

USDC deposit on Polygon only yields average of 11.079 USDC/address., despite having 1709 unique depositor. This means, most depositor of this group deposits significantly smaller amount than is counterpart on Ethereum.

Most Popular Stablecoin used as Collateral

The chart indicates that from 7th June 2022, onwards, Kashi users only used USDC stablecoin as collateral in Kashi Borrowing . There are more address making borrowing using USDC on Polygon than on Ethereum

Most Popular Borrowed Asset by USDC Collateralized User

NMR seems to be the most popular asset borrowed by these group since it has the highest number of unique borrower . The 2nd most popular asset is wMATIC on Polygon with 5 Unique Borrower.

From this study, it is found that:

• Kashi on Ethereum offers much more choice of stablecoin to deposit into Lending Pool
• USDC on Polygon is the most popular stablecoin to deposit into Kashi Lending Pool
• The highest average Deposit occurs on Ethereum at 34.473 K USDC/address, comitted by 30 distinct depositor
• USDC is the only stablecoin used in Kashi collateralized Borrowing
• NMR is the most popular asset to borrow by USDC-collateralized borrower on Ethereum
• wMATIC is the most popular asset to borrow by USDC-collateralized borrower on Polygon