Introduction

Sushi swaps Kashi boxes allow investors to both borrow and lend assets, with Kashi being the Japanese word for lending. In each of the bento boxes, the Kashi leading and margin trading feature is built on allowing investors to deposit assets to be borrowed by other investors for a percentage of returns and to lend assets by depositing a token in exchange for another token. The user has to pay back their loan in full if they would like to withdraw the underlying asset. Those lending assets can utilise margins, allowing them to use leverage to gain more tokens, this comes with associated risks as a higher margin means a higher liquidation price and would usually be a more advanced investment strategy.

Methodology

• All number values associated with the charts are measured in USD.

• Data for Kashi Lending on Polygon starts on the 4th of June as it is yet to be backfilled by flipside.

• Data for Kashi borrowing on Polygon starts on the 7th of June as it is yet to be backfilled by flipside.

• Date for lending is taken from - flipside_prod_db.crosschain.ez_lending.

• Data for borrowing is taken from -

  flipside_prod_db.crosschain.ez_borrowing.

• Stablecoin volume on both the lending and borrowing features of the Kashi platform before February 2022 was often in the tens of thousands on Ethereum.
• Since February 2022 volume has taken a dip on Ethereum, with Volume more likely to be in the thousands for borrowing and lending.
• Polygon volume is relatively low, with there being days where the volume is less than a dollar for Lending and Borrowing.