Note that Kashi 1.0 has been deprecated. Deposits and borrows have been disabled in the UI.
KMP tokens are what users receive as IOUs after lending out their funds on Kashi: they represent a specific lending position in Kashi. Over time, each KMP token can be redeemed for more of the underlying token previously deposited due to interested earned.
For example, if you lent 100 USDC & received 100 KMP tokens in return with an APY of 10%, you will receive 110 USDC when you unstake from Kashi one year later.
KMP are ERC20 tokens; they will still continue to accrue interest from Kashi even if you send/trade them with anyone. They can also be staked in specific Kashi farms to earn extra $SUSHI rewards.
Important: Note that you will not be able to redeem your underlying tokens if you lose your KMP tokens!
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