SushiSwap Closes To Kashi And MISO Launchpad Services, Want A Massive Reshuffle?

SushiSwap has removed two services. (Photo; Doc. Goctienao)

JAKARTA The decentralized exchange platform and Automated Market Maker (AMM) developed on the Ethereum network, SushiSwap, recently announced plans to close its two products, Kashi Lending and MISO Launchpad.

For information, Kashi Lending is a decentralized crypto lending platform, while MISO is a platform for a new decentralized finance project (DeFi).

The move is part of a massive SushiSwap reshuffle in the framework of a plan to redesign the tokenomic protocol. Developers also plan not to charge token holders a fee.

We made the decision not to use Kashi (Sushi Lending) and Miso (Sush Launch Pad). 1. Kashi for a number of reasons, has a number of design shortages, suffered losses, and lack of resources to dedicated to it. 2. MISO, has a resource shortage, "wrote CTO SushiSwap Matthew Lilley on his Twitter account (@MatthewLilley), December 28, 2022.

However, the CTO SushiSwap highlights the cause of the abandonment of the two projects, among others, due to a lack of poor resources and design. Both Kashi and MISO are claimed to have failed as SushiSwap products. Both cannot generate significant demand. In addition, both services are considered as efforts that do not provide profits.

Setelah keputusan untuk menghentikan layanan Kashi dan MISO, pengembang akan fokus pada pengembangan produk unggulan mereka, yaitu pertukaran kripto terdecentralisasi atau DEX.

Going forward, SushiSwap will launch its next generation DEX. In 2023, this will be a developer's momentum to increase DEX efficiency for liquidity providers through so-called concentrated liquidity' mechanism.

The increase will be implemented from the first quarter of this year. It doesn't stop there, SushiSwap also plans to launch a new pool for various crypto assets that offer better execution prices. At first glance, this multi-asset pool has a model similar to the Balancer pool.

At the time of writing, SushiSwap native token, SUSHI, is trading at IDR 15,775 per token. SUSHI's price performance has increased by 3 percent in the last 24 hours based on Coingecko data.