The integration is aimed at powering SushiSwap’s recently launched lending platform of Kashi. The Chainlink price feeds will provide Kashi markets with ‘accurate and up-to-date asset valuations are referenced during loan issuance and the liquidation, thereby establishing protection against under collateralization.’
SushiSwap selecting Chainlink was due to the project’s history of accuracy and ease of integration as explained below.
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.
The Kashi protocol is a lending and margin trading platform which allows users to build customized and gas-efficient markets for lending, borrowing, and collateralizing the various digital assets used in DeFi. In Kashi, each market is a separate entity thus reducing the risk of high-risk assets weighing down the entire protocol.
SushiSwap Continues to Grow in Popularity
In terms of total value locked, SushiSwap is ranked 6th with a TVL of $4.28 Billion according to DeFiPulse.com.
At the time of writing, the decentralized exchange of Sushiswap is now the 5th largest in terms of 24-hour trade volume. The screenshot below courtesy of Coinmarketcap further demonstrates this fact.
SushiSwap Trading Pairs are Now Available on Tradingview
Also worth mentioning is that Tradingview.com now supports trading pairs on SushiSwap and Honeyswap. The charting platform already supports over 4,500 Uniswap pairs and the support of the two additional protocols is a huge milestone for decentralized exchanges and DeFi.