The Kava DeFi platform is coming out the gates swinging in 2021 with a feature packed product roadmap including at least 2 new native applications and tokens, decentralized bridges to onboard the largest cross-chain crypto assets, and a host of features to reinforce the safety and security measures already enjoyed by all users of Kava’s decentralized financial applications and services.
For a detailed list of the Kava DeFi platform’s 2020 accomplishments checkout this article.
Kava 2021 Product Roadmap
4-month major release cycles are targeted for Kava 2021 Development.
HARD Protocol Version 2 will include borrowing with variable interest rates and a distribution of HARD to both asset suppliers and borrowers. HARD Governance will also be enhance to update more protocol parameters quickly by the HARD community.
Kava has seen significant usage in 2020, as such a number of software optimizations are needed to be made in order for validators to validate blocks in a timely manner, there are also consensus tweaks to improve system performance based on production data.
Kava services including cross-chain claim and refund bots, app front-ends, price reference software, Full nodes, historical nodes, REST and API endpoints, and others are run on Kava Cloud infrastructure.
Significant enhancements in standardization, security, monitoring and alerting tools have been added to Kava Cloud services that drive infrastructural and end-user services.
An Autonomous Market Making (AMM) service and application will be released and serves as an on-chain liquidity pool for Kava users to swap various assets on Kava for use in other financial services.
The Kava SAFU fund will be proposed to instill an additional degree of protection to Kava users by insuring and underwriting some portion of infrastructure and cross-chain activities on Kava.
The KAVA staking derivative is an asset derived from KAVA that is staked for POS security. KAVA staking derivates allow more KAVA (derivative) liquidity to be used in various financial services on Kava while not foregoing the security and rewards offered by KAVA POS staking.
The safety of Kava users’ funds is the number one objective which guides development of the Kava DeFi platform.
Risk management optimizations including enhanced Tendermint mempool queuing and prioritization of critical services in the mempool will improve transaction safety.
A Robo Advisor service and application will be released to help automate strategies amongst the various financial services offered on Kava, and will increase user onboarding by opening up a larger pool of less hands-on Kava users to participate in yield generating strategies.
A direct Ethereum bridge to Kava will be released to onboard native Ethereum assets including ETH and ERC-20s like LINK and DAI.
A large amount of users have requested the ability to move Ethereum assets directly onto Kava and this bridge should be their service of choice.
Additional Asset Integration
Kava is actively evaluating assets which will use Kava’s audited Issuance module for USDT, USDC, WBTC, and HBTC amongst others, and will continue to do so through the first half of 2021.
Kava has already moved $100M+in asset value automatically between Binance Chain and Kava.
There has been overwhelming requests from users to apply a similar technology to Ethereum assets and Kava will deliver this in Kava 6, such that any project partners built on Ethereum will have access to Kava decentralized financial applications and services.
Financial Service Integrations
Kava is focused on bringing more users into decentralized financial applications and services broadly.
The Kava API will be released as a standardized plugin for app developers and financial institutions to unlock DeFi services for their users initially including borrowing, lending, and trading.
Prototypes have already been successfully integrated with partners like Binance.com and Bitmax.io with many more business integrations to come in 2021.
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Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making investment decisions.