Kashi And MISO Platforms Will No Longer Be Supported By SushiSwap

Key Points:

Matthew Lilley, SushiSwap, a well-known decentralized exchange, aims to deprecate two of its products: the Kashi loan platform and the MISO token launchpad.
SushiSwap would discontinue the two offerings and concentrate solely on its primary decentralized exchange, which has $390 million in total value locked in.
Sushi launched MISO, short for Minimal Initial SushiSwap Offering, for using crowdsourcing to launch DeFi projects.

According to its chief technology officer, Matthew Lilley, SushiSwap, a well-known decentralized exchange, aims to deprecate two of its products: the Kashi loan platform and the MISO token launchpad.

The main reasons for discontinuing these products, according to Lilley, were poor design and a lack of funding. He tweeted, “We decided to deprecate Miso (Sushi Launchpad) and Kashi (Sushi Lending).” “Kashi had some design faults, ran at a loss, and lacked resources to devote to it for various reasons,” the author said.

In the first quarter of 2023, Lilley continued, SushiSwap would discontinue the two offerings and concentrate solely on its primary decentralized exchange, which has $390 million in total value locked in.

The SushiSwap team unveiled Kashi as a method for consumers to borrow crypto assets within the DeFi market in March 2021. Around the same time, Sushi launched MISO, short for Minimal Initial SushiSwap Offering, for using crowdsourcing to launch DeFi projects. These services were regarded as failed since they received little or no user uptake.

The choice to discontinue Kashi loans and the MISO launchpad is a part of a more significant restructuring effort for SushiSwap. Only 1.5 years of the operational runway are available for the protocol, according to Jared Grey, its “head chef.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.