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Three minutes quick overview of Sushi loan product Kashi



What is BentoBox?

BentoBox is a liquidity token treasury that earns interest on assets. Anyone can provide liquidity to it, and anyone can build on top of it. Sushi's first product based on BentoBox is Kashi, a lending protocol.

What is the risk isolation market?

A risk-isolated market is one in which risks are not collectively shared. Platforms like Compound and Aave must limit the collateral they accept to a select set of tokens because risk is shared collectively on their platforms, while BentoBox uses a risk-isolated marketplace that lets users Coins provide liquidity. If a pair of trading pairs on BentoBox fluctuates violently, it will only affect the market of this trading pair and will not affect the entire platform.

How can I lend money on the market and earn interest?

IMF Managing Director: It is expected that one-third of the world economy will be in recession in 2023: Golden Finance reported that Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), shared the IMF's views on the United States, the European Union, China and the world economy in a CBS interview broadcast on Sunday Prediction. She elaborates: This is what we'll see in 2023. It's going to be a tough year for most of the world's economies, harder than the one we've got left. Why? Because the three major economies of the United States, the European Union, and China are all slowing down simultaneously. We expect a third of the world economy to be in recession, felt by hundreds of millions of people even in countries that are not in recession. [2023/1/3 22:21:51]

If you provide token liquidity to BentoBox, other users will borrow the token liquidity you provide, and you will earn interest from the moment they start borrowing. Tokens that are lent the most earn the most interest.

The number of transactions with non-zero tips on Ethereum reached 410,000, accounting for more than one-third for the first time: According to the data from the masters on the Okeyun chain, the number of transactions with non-zero tips on Ethereum reached 415,400 yesterday, accounting for 33.52% of all transactions, the proportion exceeded one-third for the first time. During the same period, there were still 777,300 transactions in Type 0 mode, accounting for 62.72%. As major wallets successively launch new versions adapted to EIP1559, it is expected that the proportion of non-zero tip transactions will continue to increase. [2021/8/20 22:26:50]

How do I get a loan from the marketplace?

To take out a loan on Kashi, first you need to provide another token in the liquidity token trading pair. If you want to lend LINK, and there is currently only LINK/ETH trading pair in the market, then you must first pledge to provide ETH liquidity to lend LINK.

How do I create a marketplace?

58 College TIM: In the future, the cryptocurrency market may form a three-point layout of mining exchanges and institutions: at 5 pm on December 31, the twenty-eighth AMA of 58 College "How to Layout the 2021 Cryptocurrency Market" invited senior members of 58 College Researcher TIM was a guest in the live broadcast room. When talking about the impact of traditional financial institutions becoming the new main force in the encryption market, TIM said that it is an indisputable fact that traditional financial institutions have entered the field of cryptocurrency: MicroStrategy invested $425 million Bitcoin; the global payment platform PayPal announced the provision of cryptocurrency trading services, users can buy, hold and sell cryptocurrencies directly from PayPal accounts; and the market value of Grayscale’s Bitcoin Trust has exceeded 8.2 billion US dollars, accounting for 20% of the total Bitcoin 2.38%. With the continuous layout of traditional financial institutions in the encryption market and the rapid expansion and growth of the encryption market itself, the future cryptocurrency market may form a three-point layout of mining, exchanges and institutions. [2020/12/31 16:10:04]

To create a market, you need to add a new trading pair. Suppose you want to add DEUS/DEA, and ETH/INV trading pairs, you can do this by clicking "Create New Market" and then finding the token you want to pair. It is not necessary to add corresponding liquidity to create a trading pair, but other people who need to borrow from this trading pair need to add liquidity. Due to the flexible rate, underutilized trading pairs will be less liquid, and vice versa.

Survey: One-third of U.S. retail investors believe they have been deceived by ICOs: On December 1, a survey by research firm Xangle found that one-third of the 600 U.S. retail investors sampled believed they had been deceived by ICOs. ICOs "cheat," or projects withhold information from them. Most respondents believe that ICO operators should be held criminally liable for promoting fraudulent projects. But the results also showed that nearly 56% said they would invest in ICO projects again in the future, but would investigate the products issued more thoroughly. (cointelegraph) [2020/12/1 22:43:53]

What is a flexible rate?

The flexible rate is a means of incentivizing liquidity to fluctuate within a desired range (70 - 80%). The flexible interest rate is optimized according to the utilization rate (borrowed assets/total assets). If the utilization rate is lower than the minimum target utilization rate, the interest rate is halved every 8 hours, and its upper limit is the minimum utilization rate. If the utilization exceeds the maximum target utilization, the rate doubles every 8 hours.

Why is the borrowing rate higher than the supply rate?

The borrow rate is higher than the supply rate because the collateral is never maxed out, so the borrow rate is always slightly higher.

There is also a fee for borrowing, and this fee will be included in the reserve fund, which is why the borrowing rate is higher.

Can xSUSHI, XYZ and LP tokens be used as collateral?

Currently, BentoBox does not support these collaterals, and support will be opened in the future.

Tokens that support the rebase mechanism?

Currently, BentoBox does not support the tokens of the rebase mechanism.

What is the difference between BentoBox balance and wallet balance?

Your BentoBox balance will earn income from flash loans, smart pools or other strategies adopted by the community, so the balance in BentoBox will continue to increase; your wallet balance represents the amount of tokens you have in BentoBox (this amount will not change ).

What are the benefits of using token pairs?

The benefits of using token pairs are similar to those of using AMMs. Token pairs create a more open market. Specifically, using tokens enables users to calculate and understand the risks they are taking. The ability to calculate and take these risks has opened up a new space for game theory to be explored. For example, users can increase their lending yield if they supply new tokens, since token pairs containing new tokens are typically borrowed more, however, when they do so, they also increase their risk, Because new tokens have a higher default rate. On the other hand, if users provide more battle-tested collateral, they will have lower interest rates and lower risk, but they will also earn less from collateral because there will be more supply, and Fewer demands.

What is the difference between Kashi, Compound and Aave?

The main difference is that Kashi uses a loan-token pair, risk-isolated marketplace. Both Aave and Compound calculate risk on a global scale, and the solvency of any token will affect the solvency of the entire platform. An important consequence of using a risk-isolated marketplace is that Kashi allows any token to be listed. Another important consequence is that flexible interest rates are used to incentivize liquidity within a certain range. Another consequence of lending token pairs and risk isolating markets is that Kashi's oracles need to be customizable to provide price feeds for an infinite number of tokens.

Here are the superficial differences between Kashi and lending protocols like Aave, Compound:

Is there a fee to use BentoBox?

Yes, 10% of interest income and 10% of closed liquidated products need to be paid to SushiBar (xSUSHI).

Why did my interest rate go up or down?

Interest rates fluctuate up and down relative to market utilization. If utilization falls below 70%, interest rates fall, which incentivizes borrowers to utilize; above 80%, rates rise, which incentivizes suppliers to utilize and discourages borrowing. The purpose of this is to incentivize liquidity within a desirable range, as we don't want liquidity to be overused (unmet demand) or underused (oversupply).


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Three minutes quick overview of Sushi loan product Kashi

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