In a 2 January development, SushiSwap’s [SUSHI] CTO stated that they would be abandoning their lending protocol, Kashi, in Q1. They would also halt additional developments on their token launchpad, MISO.

The projects were abandoned primarily due to the platform’s design flaws and a lack of resources on SushiSwap. Instead of focusing on protocols like Kashi, SushiSwap’s focus would be on a tri-pool setup for SushiSwap.

SushiSwap’s CTO also hinted at launching an unknown pool type in the coming future.

These new updates could aid the declining activity on the SushiSwap protocol. According to data provided by Dune Analytics, the number of new users signing up for SushiSwap per day fell materially over the last few months. Subsequently, the number of transactions being made on the protocol also declined.

(by Suzuki Shillsalot)