SushiSwap is one of the largest decentralized exchanges and offers its users cheaper trading.
March 26, 2021 at 1:38 p.m. UTC · · 2 minutes read
Decentralized Exchange SushiSwap has launched the long-awaited Kashi app as part of its BentoBox product suite, as announced today.
The DEX allows users to lend, swap and trade assets through a trusted, no-custodian platform where all trades are matched through a smart contract. Users can put their tokens on the log in different trading pairs for a return or a reduction in all trading fees generated by other traders in the DEX. And now it’s even better.
Kashi is the first margin trading platform built on top of BentoBox that allows users to borrow funds from the log (i.e., use leverage) to place larger bets on the assets of their choice. It would allow users Go shortor bet on previously inaccessible assets.
Anon-kun… #whento is over: https: //t.co/ctbIy8Cu3j
– SushiChef (@SushiSwap) March 26, 2021
According to the version, BentoBox is a cryptocurrency token vault that generates income from flash loans and other logs created from the strategies of its framework.
The vault serves as a decentralized “app store” in which users can store assets in order to activate other Dapps, e.g. B. Maximizing token revenue generation through double token usage and the use of in-vault tokens on other dApps in BentoBox.
As a result, this would open up opportunities for users to earn returns on flash loans at Kashi, for example at the same time gain interest in other DeFi protocol farms, among other similar use cases.
SUSHI, the native trademark of SushiSwap, surged over 10% in the news of the launch. The company is currently trading at $ 16 per CoinGecko market tool and has a market capitalization of just over $ 2.2 billion (with $ 139 million in circulation).
Meanwhile, the Kashi upgrade is another important driver for SushiSwap. It is the fifth largest DeFi app by “Total Blocked” on the tracking website DeFi Pulsewith over $ 3.95 billion suspended on the platform by high-yield traders.
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