DeFi Protocol Sushi slashes Lending Platform: TVL drops to $455M
Prominent DeFi platform Sushi ended the year by closing down two of its wings following low interest from the public. However, the platform also noted that it would lay focus on the decentralized exchange or DEX products. In a recent Twitter thread, Matthew Lilley, the chief technology officer of Sushi revealed that lending platform Kashi and token launchpad MISO would be shutting their operations. We have the plan to launch successors of these products in the future once we have the resources to dedicate product teams towards them, but believe that requires focusing entirely on the breadwinner at the time being which is inarguably the DEX. 22/24 — I'm Software 🦇🔊 (@MatthewLilley) December 28, 2022 This focus would instead be shifted onto DEX products as mentioned earlier. Lilley wrote, “In Q3/Q4 it became obvious that there was a strong need to prioritize, and we decided to focus on ideas to improve our most loved and profitable product, the ...