SushiSwap Down By 3.84% – Time To Buy Sushi?

• Sushi Officially Launches The New MISO – A Permissionless Launchpad
• Kashi Revamps Lending and Borrowing User Interface
• Sushi Releases The First Phase of Trident: Pool 1

SushiSwap (SUSHI) is a hard fork of Uniswap. Users who buy SUSHI are majorly DeFi traders and associated entities. These individuals capitalize on the boom in project tokens to create liquidity.

The automated market maker (AMM), SushiSwap, employs smart contracts to create markets for pairs of tokens. The platform seeks to modify the AMM market and improve on features not formerly present on Uniswap.

Sushi Officially Launches The New MISO – A Permissionless Launchpad

Sushiswap has officially launched the new MISO – A Permissionless Launchpad. Investors who buy SUSHI will gain access to this advanced project.

Using the new MISO, investors can now easily launch a new token to their communities by simply opening up the token auction process. With this improved UX, new groups of creators without advanced technical knowledge will be allowed to enter web3.

Previously, successful launch pads were majorly permission by their teams. This prompted unnecessary friction which slowed down the auction process. The release of the new version of the MISO launchpad was to provide an effective solution. MISO presently runs on the Harmony and Moonbeam blockchains.

Sushi Releases The First Phase of Trident: Pool 1

SushiSwap has disclosed that the first phase of Trident, the constant product pool, is now live on Polygon. With Trident, the network has effectively improved various optimizations. This comes as an attractive development for investors who want to buy SUSHI.

Trident is Sushi’s most “gas optimized” pool. Swaps are about 25% cheaper than swaps on the existing legacy Sushi Constant Product Pool. The framework’s concept is to enable hard-coded swap environments, like those found in Uniswap, to necessitate the same underlying methods. This will provide a means for them to be consolidated into a single interface called the IPool interface.

Kashi Revamps Lending and Borrowing User Interface

Kashi has initiated a new design that allows a new kind of lending and borrowing. Investors can buy SUSHI to explore its new interface. Kashi possesses the ability to isolate risks in individual lending markets.

This means that Kashi can permit users to add any token. The network’s ability to isolate the risks of the different lending markets allows users to achieve leverage in one click, without ever leaving the platform.

Previously, users seeking leverage on an asset through direct lending and borrowing would have to borrow on one platform to lend on another.

Kashi’s borrow interface has also been updated. It now has a more sleek and minimalistic look. In the new interface, users can find both ‘Borrow’ and ‘Lend’ (now called ‘Deposit’) within one module. Also, a new “Liquidation Price” indicator has been added for convenience to the new borrow module.

Kashi is a lending and margin trading platform. The protocol which is built on BentoBox enables users to create customized and gas-efficient markets. This allows lending, borrowing, and collateralizing several DeFi tokens, stable coins, and synthetic assets.

Technical Analysis

Sushi is down 3.84% in the last 24 hours with a $3.30 price peg. The digital market shows a declining market price for investors who intend to buy SUSHI.

The asset reveals a 50-day moving average (MA) of $3.297 and a 50-day exponential moving average (EMA) of $3.301. Sushi is currently trading above its MA and EMA, even with its price decline. This shows that the market may soon recover from the bears.

The digital asset is trading above its 78.6% Fibonacci retracement level of $3.298. It also shows a slightly positive moving average convergence divergence (MACD). Its relative strength index of 43.72 shows that it isn’t overbought yet. Investors may choose to buy SUSHI and grow with the market.

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