1. Aiwaka AdventuresHome
  2. Digital Disruptors

Sushi Swap Abandons Kashi Loan Product

• Digital Disruptors • 100 views

It is reported that the official Twitter of Sushi Swap issued an important notice that the loan product Kashi was abandoned in December last year and will no lo

Sushi Swap Abandons Kashi Loan Product

It is reported that the official Twitter of Sushi Swap issued an important notice that the loan product Kashi was abandoned in December last year and will no longer be maintained. Customers who still have funds to lend Kashi, please withdraw as much as possible.

SushiSwap: The loan product Kashi was abandoned in December last year. Please withdraw money as soon as possible

Analysis based on this information:


Sushi Swap, a decentralized exchange (DEX) built on Ethereum, has announced the abandonment of its loan product, Kashi. According to the official Twitter account of Sushi Swap, the decision was made last December, rendering the product no longer maintainable. Thus, the exchange urged customers who still have funds to lend Kashi to withdraw their investments as much as possible.

The Kashi loan product was launched in late 2020 as part of Sushi Swap’s expansion strategy. It aimed to provide users with a seamless experience of lending and borrowing different cryptocurrency assets. Unlike other similar platforms, the Kashi loan product used a different protocol that allowed users to lend a broader range of tokens and offered higher interest rates. However, it has failed to live up to its expectations, leading to its abandonment by Sushi Swap.

The company, although not giving any particular reason for this, has promised to focus on providing a more robust and user-friendly interface. It is, therefore, essential that customers withdraw their investments from Kashi as soon as possible. With the platform’s abandonment, the risk of losing one’s money or encountering issues such as bugs is heightened. Sushi Swap’s decision to abandon Kashi could have an adverse impact on the exchange’s reputation, as some customers may lose their confidence in the company.

The Sushi Swap’s abandonment of the Kashi loan product also highlights the fast-paced and ever-changing nature of the cryptocurrency space. The competition is fierce, and companies have to remain innovative to stay afloat. Even with the best intentions and ideas, products may not live up to their expectations or get abandoned.

In conclusion, Sushi Swap’s abandonment of the Kashi loan product has implications for its customers, reputation, and the wider cryptocurrency space. While it is a reminder of the risks involved in investing in such platforms, it also points to the importance of innovation and keeping up with the changing trends.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/10/sushi-swap-abandons-kashi-loan-product/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/10/2023 23:28
Next 03/10/2023 23:43

Recommended articles