I want to tell my story so there is clarity around why I hate banks and am long on personal freedom movements.
The year is 2002, my first working year produced $10k in W2 income for a two person household. My rent is $650/mo and drive 1 hour every to work.
My job is land surveying where I stand all day in Houston humidity being eaten alive by mosquitoes.
I’m losing weight because I can’t afford to eat, my pants are getting loose and I can’t afford a belt. So I keep my pants up by tying a plastic walmart bag between two belt loops.
My work ethic is shit and I am essentially starving to death. My bank account is alway “over-drafted” I cant afford anything, if I do I deal mostly in cash because it can’t be stolen by the bank cartel.
I am essentially fired from every job until 2004 when I join the military. I convinced myself it was because I was for patriotic reasons. But in hindsight it is the able bodied male version of turning tricks.
Every poor able bodied male joins the military at some point.
I dropped bombs for a living for 4 years on innocent men, women, and children in Iraq and Afghanistan in exchange in-state tuition paid for and at a division 3 college.
During my time in the military I start to follow real libertarian movements, campaign for Ron Paul, learn about the gold standard. I leave the military with no marketable skills at the peak of the housing crisis.
I make slave wages, delivering Pizza in a manual 99 Honda Civic with mismatched body panels and no air conditioning in Abilene, TX.
I actually loved this job because it was about self motivation and character.
I am getting a degree in Mathematics and Computer Science at @mcmuniv.
While I am doing that I learn about Bitcoin around 2012 and start mining it on my university library computers (sorry guys).
After graduation I go to work for USAA (a bank). But they’re really active in blockchain, I start pouring time into Dogecoin, and bam I meet @hudsonjameson. He tells me about Ethereum and I brush it off (historical context is important here).
I start working in the USAA Blockchain Lab. I learn a lot of uncomfortable secrets about banking.
Meet my epic bromance @JonnyRhea. We build a web3 prototype for decentralized computation. Show it to @ethereumJoseph he hates it, but likes us. He hires us to build the Eth2 client
We build it, launch the beacon chain. I did lots of stuff in between and the @0xMaki asked me if I wanted a role at Sushi. I accept and the rest is history.
Kashi is a risk isolated lending pair solution, current solutions allow users to supply a variety of collateral assets and borrow another set of assets. If one of the assets were to drop in price faster than liquidators can react, every user and every asset is affected
Anyone can create a new pair similar to how anyone can create a Sushi pair. Some lending markets will be very stable and safe, others not so much if they include highly volatile assets with low liquidity
These deployments are relatively simple to develop. The industry is currently trending towards bridges and multichain deployments as a middle step before L2 to mitigate high gas costs