Note that Kashi 1.0 has been deprecated. Deposits and borrows have been disabled in the UI.
Kashi is a lending and margin trading platform built on top of BentoBox. It allows anyone to create customized and gas-efficient markets for lending, borrowing, and collateralizing a variety of DeFi tokens, stable coins, and synthetic assets. Kashi’s broad diversity of tokens is supported through the use of a unique isolated market framework. Unlike traditional DeFi money markets where high-risk assets can introduce risk to the entire protocol, in Kashi, each market is entirely separate, meaning the risk of assets within one lending market has no effect over the risk of another lending market.
Traditional lending projects permit users to add liquidity into a pool-based system. In these systems, if one of the assets were to drop in price faster than liquidators could react, every user and asset would be negatively impacted. In this sense, the total risk of pool-based platforms are determined largely by the riskiest asset listed on the platforms. This risk increases with every extra asset that is added, thus leading to a very limited choice in assets on most platforms. Kashi’s unique design enables a new kind of lending and borrowing. The ability to isolate risks into individual lending markets means that Kashi can permit users to add any token they desire.
In addition, Kashi enables users to achieve leverage in one click, without ever leaving the platform. Users can borrow an asset and swap it instantly for more collateral, thus leveraging a long on the collateral.
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