Today, I want to talk about something that’s been on my radar lately—KAVA. Yes, you heard it right! KAVA is not just a blockchain but also a token launched in 2019. KAVA recently went down close to its launch price, but bounced back nicely in the last few days despite the crypto bearish trend.
If you’re like me and always on the lookout for new DeFi opportunities, this might just be the perfect time to dive in. But you need a strategy, because KAVA will not pump forever. Watch my crypto video below to learn more about my strategy (if you don’t speak French, just turn on the closed captions):
Here’s why I'm investing into Kava blockchain:
What is KAVA?
KAVA is a decentralized blockchain platform that combines the power of Cosmos SDK and Ethereum Virtual Machine (EVM). This unique dual-chain architecture allows developers to build scalable, interoperable, and Ethereum-compatible dApps. KAVA is also the native token of the Kava Network, used for governance, staking, and paying transaction fees.
One of the standout features of KAVA is its DeFi ecosystem, which includes lending, borrowing, and yield-generating protocols like Kava Lend. With high yields and seamless cross-chain interoperability, KAVA is becoming a go-to platform for DeFi enthusiasts.
Why KAVA is Worth Your Attention
1️⃣ Historical Price Action: KAVA’s current price is hovering near its 2019 launch price (around $0.46 during the ICO and private sale). This is a rare chance to get in at a level similar to early investors. History shows that tokens often rebound when they approach their launch price, and KAVA seems to be following that trend.
2️⃣ High Yields on Kava Lend: If you’re into DeFi, you’ll love this. On Kava Lend (app.kava.io/lend), you can earn 20% on BTC and 21% on USDT! These are some of the most attractive yields in the market right now.
3️⃣ Shorting Opportunity: While KAVA has pumped recently, I believe it’s due for a correction. That’s why I’m using Kinetix Finance to short it. If you’re new to perpetual futures, Kinetix is a game-changer. You can long or short tokens with ease, and right now, the funding rates are around 0%, making it super cost-effective.
How to Use Kava EVM with MetaMask or Rabby
Using Kava EVM is straightforward if you’re familiar with Ethereum-based wallets like MetaMask or Rabby. Here’s how to get started:
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Add Kava Network to Your Wallet:
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Open MetaMask or Rabby.
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Go to Networks and click Add Network.
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Enter the following details:
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Network Name: Kava EVM
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RPC URL: https://evm.kava-rpc.com
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Chain ID: 2222
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Currency Symbol: KAVA
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Block Explorer URL: https://explorer.kava.io
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Transfer USDT to Kava Using Stargate Finance:
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Go to stargate.finance.
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Connect your wallet (MetaMask or Rabby).
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Select the blockchain you’re transferring from (e.g., Base or Arbitrum).
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Choose USDT as the token and Kava as the destination chain.
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Enter the amount and confirm the transaction.
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Once the transfer is complete, your USDT will be available on the Kava Network.
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Start Earning Yields:
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Head over to Kava Lend (app.kava.io/lend).
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Deposit your USDT or BTC and start earning up to 21% APY!
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Why I’m Shorting KAVA
While KAVA has seen a significant pump recently, I believe it’s due for a correction. Using Kinetix Finance, I’m shorting KAVA to capitalize on this potential downturn. If you’re interested in trying this strategy, here’s my referral link to get started with Kinetix and receive fee cashback:
👉 https://kinetix.finance/?ref=Bfab
Final Thoughts
KAVA is a promising project with a strong DeFi ecosystem and high-yield opportunities. Whether you’re looking to earn yields or explore trading strategies like shorting, KAVA has something for everyone.
Remember, this isn’t financial advice—just my personal strategy. Always do your own research and trade responsibly. If you have questions, drop them in the comments, and let’s discuss!
Stay safe, stay smart, and let’s ride this crypto wave together!
