74 Articles 6 Followers
$0.336968
Kava is a decentralized lending platform that allows its users to borrow stablecoins against all major cryptocurrency assets.
Built on the Tendermint protocol, Kava was founded by Brian Kerr and Ruaridh O’Donnell. The team consists of 9 members, with advisors including Compound Finance CEO Robert Leshner, Cosmos research scientist Sunny Agarwal and Chorus One co-founder Brian Fabian Crain, among others.
The platform launched in June 2020, with Binance Coin (BNB) collateral, USDX loans and minting as initial features. Kava uses two native tokens: KAVA and USDX. The former is the platform’s native token that allows users to govern the network, and can also be used for lending purposes. USDX is a stablecoin that is generated when users collateralize assets. USDX can then be staked to earn a yield.
The capacity to take loans against collateral on major assets, combined with the ability to mint USDX to buy more of the same asset, is essentially an indirect long position on the asset. Thus Kava offers synthetic and derivative products, in addition to just being a lending platform.
The public testnet of the platform was released in Q2 2019, and was iterated upon until the mainnet launch in Q4 2019. This was followed by work on the beta version of the CDP system, which was released in Q2 2020. Custodial and non-custodial BTC pegs are expected to be implemented in Q3 2020.
Kava has partnered with a number of well-recognized businesses in the blockchain and cryptocurrency space, including Binance, Huobi Pool, OKEx, Ripple, Cosmos (ATOM), HashKey, Coil and Arrington XRP Capital, among many others.
Learn more about Kava (KAVA) here, including news, price predictions, opinions and analyses created by users.
28 Oct 2023 1 minute read 5 comments LeftFooted
I keep well over 90% of my holdings in btc and eth because these are the only two cryptos I firmly believe in the long run. After that, I allocate small amounts here and there to buy, and sometimes stake, random coins and tokens that aren’t actually...
5 Jul 2023 1 minute read 0 comments EverythingBlockchain
If you find this helpful, please support us by subscribing and following. Everythingblockchain 🧐 - Freethinkers, Writers ✍, Blockchain explorers 🔭In pursuit of simplifying the different blocks of the chain metaverse Socials Twitter, Medium, Yo...
24 Jun 2023 2 minute read 14 comments NULS
What is NerveNetwork NerveNetwork, established in 2019, is a decentralized digital asset service network developed using NULS’s ChainBox technology. NerveNetwork aims to break the isolated value island of the blockchain, establish a network that is s...
23 May 2023 1 minute read 0 comments Crypto4light
Watch this video about before invest in KAVA coin Kava (KAVA) is a decentralized finance (DeFi) platform built on the Cosmos blockchain. It aims to provide a secure and efficient infrastructure for various financial services, including lending, borr...
30 Apr 2023 2 minute read 1 comment bobby d!gital
In the world of decentralized finance (DeFi), stable coins are widely used to protect against volatility in the crypto market. With the increasing adoption of stable coins, various platforms have emerged that offer attractive yields to users who prov...
16 Mar 2023 1 minute read 0 comments Tikur
If you have searched for high performing tokens this week, you're bound to come across KAVA. This token managed to register an over 25% gain in the last 7 days, even though it's showing slight decline in the last 24 hours. So 'What is Kava (KAVA)?' W...
21 Jan 2023 1 minute read 1 comment Justjonny25
A new Coinbase learn and earn is here for another easy few dollars What are the learn and earn Kava answers 3 quick questions and 3 quick answers and the crypto is yours Question 1) How does Kava Rise fuel protocol growth on the Kava network? Ans...
11 Jun 2022 3 minute read 2 comments Mcthru
And here we are again talking about uphold. I had written an article some time ago about this platform, and in general I was very happy to use it as the huge advantage (within the site) was the instant exchange with other coins, without fees (or at l...
23 May 2022 8 minute read 8 comments Swapzone
Bitcoin (BTC) and Ethereum (ETH) are the largest cryptocurrencies in terms of market capitalization. They also contribute more than half of the entire cryptocurrency market share. It is hardly surprising that they are by far the most popular cryptoc...
19 May 2022 1 minute read 4 comments DeeCentralized
Despite the harsh conditions of the Crypto market in recent months, projects in the cryptosphere continue to forge ahead. One project in particular has their community buzzing with excitement with it's upcoming mainnet launch. Kava Network, a layer o...
