SushiSwap has integrated Chainlink price feeds on both Ethereum and the Binance Smart Chain

Friday 23 April 2021, 1:36 AM AEST - 1 month ago

  • The Chainlink price feeds will power SushiSwaps Kashi lending platform, ensuring accurate asset valuations
  • SushiSwap trading pairs are now available on Tradingview

The Decentralized exchange and DeFi platform of SushiSwap (SUSHI) has integrated Chainlink price feeds on both Ethereum and the Binance Smart Chain.

The integration is aimed at powering SushiSwaps 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 projects history of accuracy and ease of integration as explained below.

Chainlinks 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 < ...

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