SushiSwap (SUSHI) has officially integrated Chainlink (LINK) price feeds on the Binance Smart Chain and Ethereum (ETH). The decentralized exchange and DeFi platform is looking to power Kashi, SushiSwap’s new lending platform.
SushiSwap’s Kashi platform
Kashi is a new addition to Sushi and serves as a lending and margin trading protocol. It is reportedly unique in the risk isolation architecture used to support a wide spectrum of token pairs.
The lending and margin trading platform allows clients to create custom markets for borrowing, lending, and collateralizing DeFi digital assets. Each market in Kashi forms a separate identity, set to minimize the risk of assets slowing down the whole protocol.
The integration of Chainlink price feeds aims to provide various Kashi markets with up-to-date asset valuations with greater accuracy. According to the blog post, this move will protect against undercollateralization during loan issuances or liquidations.
Other decentralized exchanges in the news
It is impossible to ignore the jump in popularity of decentralized exchanges. SushiSwap is not the only contender to make moves, this month.
Earlier this month, PancakeSwap surpassed the daily trading volume of several top ten centralized exchanges, just over 24 hours. At the time, the BSC native DEX saw a massive $3.21 billion in trading volume. The surge in volume was nearly three times the amount traded on Uniswap, at the time, which totaled $1.14 billion.