DeFi exchange SushiSwap launches margin trading on ‘BentoBox’

By Shaurya Malwa

Decentralized exchange SushiSwap launched the much-awaited ‘Kashi’ app as part of its BentoBox product suite, as per an announcement today.

Kashi, the first margin trading platform built on BentoBox is here: https://t.co/3pjmyrSwVP pic.twitter.com/yGwsT71Eat

— SushiChef (@SushiSwap) March 26, 2021

Kashi is the first margin trading platform build on BentoBox and would allow users to borrow funds from the protocol (i.e. use leverage) to place bigger bets on the assets of their choice. It would allow users to go short, or bet against, on previously inaccessible assets.

As per the release, BentoBox is a cryptocurrency token vault that generates yield from flash loans and other protocols built from the strategies of its framework.

The vault serves as a decentralized “App Store” where users can deposit assets to enable other Dapps, such as maximizing token yield generation through dual token usage and allow in-vault tokens to be used on other dApps within BentoBox.

This would, as a result, open up avenues for users such as earning yields on flash loans on Kashi while simultaneously earning interest in other DeFi protocol farms, among other similar use cases.

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