See More

SushiSwap Integrates Chainlink on Ethereum & BSC

1 min
Updated by Ana Alexandre
Join our Trading Community on Telegram

In Brief

  • SushiSwap integrated Chainlink price feeds on Ethereum and Binance Smart Chain.
  • The move was done to secure Kashi lending and margin trading markets.
  • Other decentralized exchanges making big news this week.
  • promo

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.

Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

photo_Matthew_De_Saro.jpg
Matthew De Saro
Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news.
READ FULL BIO
Sponsored
Sponsored