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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.
26 Jan 2021 1 minute read 1 comment busyjordy
CRYPTO CORNER EPISODE 138 In this episode: ►Quick Overview of DeFi ►My top 5 picks of DeFi tokens to boom this year References: 📄http://bit.ly/nimbus-join 📄https://www.coingecko.com/en/coins/defi-yield-protocol/ 📄https://www.coingecko.com/en/coin...
14 Jan 2021 2 minute read 33 comments PVM
Reef Finance was introduced to the world through the Binance Launchpool. It was then when I had a quick glance at the project and decided to stop farming FAN tokens and move all-in into the REEF pools! Binance added Reef Finance (REEF) as the 11th...
13 Jan 2021 4 minute read 3 comments Anton Dzyatkovskii
Welcome to Q DeFi Rating and NOAH`s ARK reviews! NOAH’s ARK is a project which gathers all the best DeFi protocols (and pairs) that deserve to be part of a decentralized future for humanity! We use Q DeFi Rating, which is a scoring & rating algorithm...
11 Jan 2021 3 minute read 13 comments Kava Labs
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 featu...
17 Dec 2020 5 minute read 12 comments insidetrader
Greetings Publish0x community 🖐 Today I want to talk about the reward system and possible incomes you could achieve while using DeFi platforms. Please consider that APY is the abbreviation of Annual Percentage Yield before starting to read. What is...
17 Nov 2020 2 minute read 4 comments insidetrader
Huobi Global, one of the most popular cryptocurrency exchange, has launched 2 separate promotions to broaden its user profile. One of them is directly for new active traders and the KAVA-specific one is a limited offer. Let’s see the details… Huobi G...
8 Nov 2020 3 minute read 17 comments PVM
I. What is Hard Protocol? Hard Protocol is a decentralized and permissionless cross-chain money market build on KAVA, which will perform cross-chain asset lending and borrowing. Chainlink oracles are integrated in the chain and the Tendermint securit...
2 Nov 2020 2 minute read 20 comments PVM
The Launchpool is one of my favourite platform, mainly because all new coins, tokens and projects have the Binance seal of approval. Last month I farmed $30 of ALPHA, Flamingo (FLM) and Venus (XVS) from the Binance Launchpool. See October Residual In...
24 Oct 2020 5 minute read 1 comment Thomas Dylan Daniel
This fall has been nothing if not interesting. The DeFi boom was an unexpected boost to crypto markets during an otherwise difficult period. Marked by the US Government’s inability to pass stimulus and a contentious election, most crypto tokens are d...
18 Oct 2020 1 minute read 8 comments PVM
Kava is one of the DeFi projects that looks to have a bright future. Kava Labs has launched their first app, in the form of a yield-generating DeFi platform. Harvest, the Kava Labs invention, can yield Bitcoin and non-Ethereum assets at very good rat...
