Does Kashi support rebasing tokens?
Currently, Kashi does not support rebasing tokens.
What is the difference between my BentoBox balance and my wallet balance?
Your BentoBox balance grows with the utilization of your underlying capital in the BentoBox, and with the APY of the strategies that the community approves. The tokens in your wallet represent your shares of the tokens in the BentoBox.
What are the benefits of using token markets?
The benefits of using token markets are similar to the benefits of using Automated Market Makers. Token markets create a more open market that is customizable. More specifically, the use of token markets gives users the ability to calculate and undertake risk for themselves [see What are isolated risk markets?]. The ability to calculate and undertake these risks opens up a new space of game theory to be explored. A user can, for instance, increase their borrow rate if they add newer tokens, because token markets containing newer tokens will generally be borrowed more, but when they do this, they also increase their risk, because newer tokens have a higher rate of default. On the other hand, if a user lends more battle-tested forms of collateral, the interest rate will be lower, but less risky.
How is Kashi different from Compound and Aave?
The main difference is that Kashi uses lending markets, and isolated risk markets, while Aave and Compound both calculate risks globally, such that the solvency of any token can affect the solvency of the whole platform. One important consequence of using isolated risk markets is that Kashi is able to allow any token to be listed [see What are isolated risk markets?]. Another important consequence is that an elastic interest rate is used to incentivize liquidity in a certain range [see What is the elastic interest rate?]. Yet another consequence of lending markets and isolated risk markets is that Kashi’s oracles need to be customizable to provide price feeds for infinitely many tokens.
Below is a list of the ostensible differences between Kashi and Aave, Compound, etc.