Index
Indicators
Information about Kava.io (KAVA)
Kava is a cross-chain DeFi system that provides traditional financial services that are completely decentralized, secure, and transparent. Kava operates using smart contracts and not through any intermediaries. Many companies have integrated with Kava’s Decentralized Finance platform to allow users to invest, lend, and earn with cryptocurrencies.
Kava is built on top of Cosmos and works with a PoS consensus mechanism, Kava uses a CDP (Collateralized Debt Position) system to ensure stablecoin loans are always fully collateralized. If the borrower fails to maintain their collateral above the required threshold, the Kava liquidation module will seize the collateral from the failed CDPs and send it to the auction module for sale.
Kava is a token of the Kava Network ecosystem, designed with the main functions including Onchain Governance and Network Security, and is used for the following purposes:
News
Stargate deploys to Kava Chain unifying Cosmos-Ethereum liquidity
Stargate, the leading omnichain liquidity layer, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1.
This integration will expand the reach of Tether’s Cosmos-native USDt issued exclusively on the Kava Chain, to the Ethereum ecosystem and beyond.
Kava (KAVA) set to receive new mainnet upgrade
Kava, a Layer 1 blockchain with unique co-chain architecture, is set to receive a new mainnet upgrade, Kava 14, on July 12, 2023.
The upgrade would enable asset conversion between the Cosmos and Ethereum ecosystems via the new internal bridge feature.
Token Spotlight: KAVA still rises amid bearish market
On June 5, the Multichain bridge is suddenly working again on KAVA EVM. In addition, Kava has recently partnered with the Terra blockchain (LUNA) and the DeFi protocol Aave.
These news became the driving force that pushed KAVA price up 9% in 24 hours and up 54% in just 1 month.
Kava onboards Sushi with $14 million in developer incentive funding
Kava brings on Sushi to its developer incentive program by allocating a total of $14 million in funds that will take the form of Sushi and Kava daily rewards, split equally.
“Sushi deploying on the Kava Network unlocks for DeFi users a new suite of DeFi products that provide high-yield farming with maximum efficiency and speed,” according to a blog post by decentralized finance (DeFi) firm Kava Labs.
People also own