Sushi Integrates Chainlink Price Feeds
Sushi integrated Chainlink Price Feeds on #Ethereum Mainnet & #BinanceSmartChain.
Traders can now create custom Kashi markets using any of Chainlink’s large collection of pre-built and collectively funded Price Feeds. Price data provided by Chainlink oracles play a key role in securing Kashi markets by ensuring accurate and up-to-date asset valuations are referenced during loan issuance and the liquidation, thereby establishing protection against undercollateralization. Chainlink’s historical performance in securing billions for the DeFi ecosystem and easy integration is the reason as to why we launched with Chainlink, while other oracle solutions will be integrated into Kashi over the coming months.
Kashi is a lending and margin trading platform, built upon the BentoBox framework, which allows for anyone to create customized and gas-efficient markets for lending, borrowing, and collateralizing a variety of DeFi tokens, stablecoins, and synthetic assets. Such a broad diversity of tokens is supported through the use of a unique isolated market framework. Unlike traditional DeFi money markets where high-risk assets can introduce risk to the entire protocol, in Kashi, each market is entirely separate in its own (similar to the Sushiswap DEX), meaning the risk of assets within one lending market has no effect over the risk of another lending market. Additionally, this allows for the creation of leveraged short positions within just a single transaction.
What is Chainlink?
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
What is Sushi?
Sushi.com provides a platform to maximize the value of your cryptocurrencies through decentralized finance tools such as yield farming, token staking and, now, margin trading via Kashi and BentoBox. Sushi is a community-driven decentralized exchange platform, which allows users, like yourself, to vote on ecosystem expansion initiatives and completely share transaction fee revenues with ecosystem participants. Sushi is responsible for making billions of dollars of idle assets earn secure, passive income through its DeFi ecosystem.
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