In the first quarter of 2023, SushiSwap will discontinue its Kashi lending platform and MISO token launchpad due to their unfavorable design and lack of resources.
The decentralized exchange, which boasts $390 million in total value locked, will instead focus on its core DEX. Kashi was created in March of 2021 to allow users to borrow crypto assets within the DeFi space, while MISO was introduced as a crowdfunding platform for DeFi projects.
However, both failed to attract users and were ultimately unsuccessful. This move is part of an overall restructuring for SushiSwap, which has only 1.5 years of runway remaining, according to its “head chef” Jared Grey.
