|All Time High:|
|Market Cap: |
|The price of #KAVA today is $0.81 USD.|
The lowest KAVA price for this period was $0, the highest was $0.805, and the exact current price of one KAVA crypto coin is $0.80521.
The all-time high KAVA coin price was $9.16.
Use our custom price calculator to see the hypothetical price of KAVA with market cap of ETH or other crypto coins.
|The code for Kava is also #KAVA. |
Kava is 3.9 years old.
|The current market capitalization for Kava is $800,090,069.|
Kava is ranked #65 out of all coins, by market cap (and other factors).
|There is a large volume of trading today on #KAVA.|
Today's 24-hour trading volume across all exchanges for Kava is $37,455,923.
|The circulating supply of KAVA is 993,645,120 coins, which is 100% of the total coin supply.|
|KAVA is well integrated with many pairings with other cryptocurrencies and is listed on at least 24 crypto exchanges.|
View #KAVA trading pairs and crypto exchanges that currently support #KAVA purchase.
Kava 12: A Game Changer for the Cosmos Ecosystem
Introducing x/kavamint: The New Module that Brings Flexibility and Control to Cosmos DAOs.. — Kava is taking a big step forward with the release of Kava 12. The new version is introducing a revolutionary new module called x/kavamint that enables any Cosmos chain DAO to have more control and flexibility over their emissions. Every Cosmos chain has emissions. Before it was unclear where emissions flow to and how to use them for initiatives in an ongoing automatic way. Now this can be done within the Kava DAO’s new flexible structure. Here is how Kava is adapting this Cosmos DAO technology to fit the needs of its ecosystem: Clear modular emission control: Emissions from kavamint will flow clearly to the Kava community pool where it will be held. Kava DAO will have greater flexibility and control over where funds then flow for portfolio management and fund allocation for growth initiatives., Kava DAO community pool can now hold a portfolio of assets. Instead of just KAVA, the community will now have control of a portfolio of assets that it can rebalance given different trends and market conditions, Greater visibility into Kava DAO community portfolio and flow of funds. Transparency is essential for a thriving DAO. Kava community will be able to see a snapshot of the value of the community pool portfolio., The ability to burn assets based on usage parameters, Ability to cap total supply based on Kava DAO governance (unlike...
Kava Partners with Bitget Exchange to Bring More Traders into Web3
Kava partners with Bitget, empowering new Web3 users with seamless crypto access.. — Kava has partnered with the popular cryptocurrency trading platform, Bitget. The partnership includes the KAVA token listing on the Bitget exchange Innovation Zone. By partnering with Bitget, Kava aims to increase the liquidity of KAVA tokens by making it easier for users to access a wide range of trading pairs and currencies. Bitget is a leading crypto exchange that helps everyone easily trade cryptocurrencies in a secure environment. Bitget offers top-notch customer service and low trading fees, and aims to be “the portal that transcends Web2 and Web3, connects CeFi and DeFi, and bridges the vast web of crypto.” The Bitget platform has over 8 million users and 55,000 professional traders from 100 countries worldwide, showing why it is one of the leaders in global cryptocurrency trading. Bitget has continually set records in trading volume each year, showing its incredible popularity. The platform attributes much of its success to its generous affiliate and referral programs and its growing educational portal, Bitget Academy. Current projects like social trading are yet another avenue Bitget is exploring to bring on the next wave of Wab3 users. The platform has continuously grown, surpassing the $100 billion trading volume mark in 2021, and is currently ranked in the top five by CoinGecko for derivatives trading. The partnership ...
DAO Labs Announces the Kava Hub Soft Launch
A new platform for Kava community members to contribute to the ecosystem to earn rewards and clout for growing the Kava brand!. — The DAO Labs team proudly announces the Kava Community Hub, a new platform for engaging and rewarding the community members who create and share content about Kava. Kava Hub aims to amplify awareness of Kava’s technology and core features alongside news and stories of its most important use cases. The DAO Labs platform allows users to get involved in pushing the project forward by incentivizing them to participate in all kinds of creative activities to contribute to Kava’s journey to becoming a top blockchain ecosystem. In the soft launch phase beginning December 14th, 2022, the development team will continue adjusting the platform to ensure the best Kava community experience. In the meantime, all Kava community members can join the platform and start contributing — and earning! Start the Kava Hub onboarding process at community.kava.io. — How does Kava Community Hub work? - The first component of Kava Hub is participation. Users join the Kava Hub platform, connect their wallets, and start participating in the different activities shared on the board., The second component of the Kava Hub is Reputation, which boosts the participant’s overall earnings percentage once the task validation period or “Workdrop” finishes., The third and final variable is Influence, which ...
Kava News: August — October
Kava News: August — October - — It’s been a busy quarter, and the Kava ecosystem has been relentlessly growing, adapting, and #BUIDLing. Here are some of the highlights!. — 📢 Kava 11 is LIVE 📈 40+ protocols have joined #KavaRise, including Curve, Sushi, and Beefy 🤑 The Kava 11 Liquid Testnet & Giveaway has concluded! 🚀 Cosmostation Launches a new protocol Exclusively on Kava 🧠 Master Multichain bridging to the Kava 3pool on Curve 💰 Learn new strategies to use Kava Earn & Liquid staking. 🏛️ Kava Foundation — Safeguarding Growth — Kava 11 is LIVE - The Kava 11 update was initiated without a hitch. KAVA stakers can now use Kava Liquid to create bKAVA staking derivatives and boost their earnings via Kava Earn and Boost. Learn More — Curve Deploys to Kava - The Kava 3pool on Curve goes live with KAVA token rewards, reaching the highest APR out of all major L-1 3pools on Curve Finance. Within a few days of rewards going live, $12M+ accumulated in the Kava 3Pool! Recently, that number climbed to over $16M. Learn More — Sushi Deploys to Kava with Lucrative LP Rewards - Sushi completes deployment to the Kava blockchain with a liquidity pool eligible for high-APR KAVA and SUSHI token rewards. Learn More — Beefy Deploys to Kava with Lucrative LP Rewards - Beefy Finance has deployed to Kava, joining the Kava Rise builder incentives program with a ...
Kava Launches Liquid Staking With Successful October 26 Mainnet Upgrade
The Kava Network, an open-source, EVM and Cosmos IBC compatible, Layer-1 blockchain ecosystem, successfully implemented its Kava 11 mainnet upgrade on October 26th.. — Kava, a Layer-1 blockchain network connecting EVM and Cosmos through its Co-Chain architecture, successfully launched its Kava 11 mainnet upgrade on October 26th at 15:00 UTC. The upgrade enables many new features, especially Kava Network’s new state-of-the-art liquid staking (Kava Liquid) feature, the first-ever fully convertible liquid staking protocol. The Kava 11 upgrade is the beginning of a new chapter for Kava. Liquid staking on Kava lays the foundation for unlocking all staked KAVA for use in DeFi protocols on the Kava Network. Kava 11 will transition a significant portion of staking rewards over to bKAVA rewards. Converting staked KAVA to bKAVA and supplying the asset to the brand-new Earn (a yield optimizer integrated with Multichain’s ERC-20 bridge) and Boost modules will significantly increase a staking APY. One of the main benefits is that, besides benefitting some of the highest APYs in the market today, stakers will maintain their voting power in the network — a monumental step for DeFi protocols towards real decentralization. In addition, Kava 11 enables interacting with the Kava App and signing Cosmos SDK transactions directly through MetaMask, greatly simplifying previous processes.“The goal of Liquid bKAVA is to unlock the p...
How to Earn Boosted Rewards With the KAVA/USDC Sushi Pool
This article will show you how to earn ~50% APR in the KAVA/USDC pool on SushiSwap with the Kava Network. When supplying to this pool, you’ll earn a combination of USDC, WKAVA, and SUSHI. USDC is paid through collecting trade fees in the USDC/KAVA pool, while WKAVA is earned through both pool fees and incentivized rewards. Rewards allocated to the pool include 150.00 SUSHI and 233.33 WKAVA per day, distributed proportionally to pool liquidity providers. There are two potential routes to take if you want to supply. Either by navigating to the pool page or using the new position tool. This article will go over the two ways to earn with KAVA on SushiSwap and dive into the differences between the two approaches. — Getting Funds on the Kava EVM - For this strategy, you’ll need to add KAVA to the Kava EVM by withdrawing from a central exchange to your Kava address. To find your Kava address using MetaMask, you can copy your 0x address and search for a Kava Ethereum account with Mintscan. Once you have KAVA on the EVM to pay for gas, you can transfer USDC from the Ethereum mainnet, Polygon, or Binance Smart Chain using Multichain. — Option 1: Pool Directly - Pooling directly is done by completing two steps; adding liquidity and then staking that liquidity. — Adding Liquidity. — This path requires an equal value (USD) of KAVA and USDC to supply, although if you have one or the other, you can easily tra...
KAVA Earn Strategy — KAVA Liquid Staking for High APY
KAVA Earn Strategy — KAVA Liquid Staking for High APY - — Learn how to convert your staked KAVA to staking derivative bKAVA and supply it to KAVA Earn.. — The following KAVA Earn strategy has potential APY earnings around 30% and 10% higher than standard staking. Staking KAVA has little risk, and supplying bKAVA to Kava’s Earn and Boost protocols carries even less risk. The primary risk to look for is slashing risk with your chosen validator. Using the new KAVA Earn feature, this strategy is super simple. All you need to do is supply and withdraw. All the required messages are sent in a single transaction to set up the strategy. The opposite messages are sent in a single transaction when users withdraw. — Try it out! — The Kava Liquid Staking Strategy - The following steps will show you how to stake KAVA, supply staked KAVA to KAVA Earn, and reverse the entire process. Users have two options for supplying to KAVA Earn. Option 1: Supply Previously Staked KAVA. Staking can be done with Keplr Wallet and Trust Wallet, then those staking balances will display in KAVA Earn. The available balance shown on the Earn page combines the user’s available KAVA balance with their currently staked KAVA balance. Once users have a staked KAVA balance, they can select which delegation to supply to KAVA Earn and start earning a 10% APY boost! Users will remain staked with the same validator they initial...
How to Get High APY with USDC in Kava Earn
Learn a lucrative new Kava Earn strategy for supplying bridged USDC to Earn and then Boost.. — The potential APY earnings for the following strategy is ~10%. Supplying USDC to Mint entails very minimum risk, and there is little to no risk for suppliers of USDX to Lend. Using the new USDC Earn feature for the following strategy is super simple. All you need to do is supply and withdraw. All the required messages are sent in a single transaction to set up the strategy. The opposite messages are sent in a single transaction when users withdraw. — Try it out! — Supplying to USDC Earn - — Connecting with MetaMask. — To take advantage of this Kava Earn strategy, you must first install MetaMask. When you first connect MetaMask to the USDC Earn page, you’ll be prompted to add the Kava EVM and USDC token. MetaMask is required for bridging ETH assets to the Kava EVM and internally transferring from the Kava EVM to Kava’s native Cosmos-based chain. — Deposit USDC to the Kava EVM. — Once you have installed MetaMask, you can start transferring USDC to the Kava EVM. If withdrawing USDC from a centralized exchange, be sure to withdraw the asset as an ERC-20. If you have USDC on the Ethereum Mainnet, Polygon, Avalanche, or Binance Smart Chain, you can transfer USDC to the Kava EVM using Multichain.org. Only USDC ERC-20 is transferable to the Kava EVM. Variants like USDC.e are not transfer...
Introducing Kava 11 — Unlocking Exponential Growth
Introducing Kava 11 — Unlocking Exponential Growth - — More protocols, a TVL boost, and greater features — See what’s coming for users and builders with the Kava 11 update.. — Kava is rushing toward its preliminary target of $1B TVL and 100+ protocols on the network. On October 26, Kava’s Growth Engine got a massive upgrade. Let’s explore the monumental shifts the Kava 11 update sets in motion. — Kava’s Rising Tide — The Incentives Work! - Kava 10 laid the foundation for the #CosmosEVM, Kava’s Ethereum Virtual Machine (EVM) that allows all the value of the Ethereum ecosystem to flow into the Kava Network. Developers and protocols now have all the features of an ERC-20 compatible network, supercharged with $750M+ in Kava Rise developer incentives and a roadmap that proves Kava has much more in store for users. The proof is in the numbers. Despite very limited functionality and usage, Kava EVM activity has ballooned in just a few months, reaching 320K+ total wrapped Kava since announcing the feature in May 2022. Similarly, Kava’s Ethereum Co-Chain has supported more than 5.5M transactions across over 1.89M wallet addresses. Thanks largely to Kava Rise — a state-of-the-art incentives program to empower builders — Kava and its 40+ protocol ecosystem have climbed to the Top-15 leaderboard on DeFiLlama for the total number of protocols and DeFi TVL. The Kava Network ho...
Kava 11 Liquid Testnet Giveaway
Help test the Kava 11 revolutionary feature Kava Liquid and win a part of $10K in KAVA prizes!. — Calling all #Kavalry — The Kava 11 Mainnet launches October 12th, and Kava is hosting the Liquid Testnet to ensure the Kava Growth Engine™️ runs smoothly. To celebrate Kava 11 launch and to test the Liquid Staking feature, Kava is giving away prizes from a $10,000 in KAVA token pool.¹ Kavalry, here is your mission: Get familiar with the Liquid Staking tool, help Kava test the new features, and make sure to report any bugs you find and any feedback you may have. As a thank-you to our community for their invaluable help, by following all the steps in the list, users will qualify to earn one of the 200 prizes of the total 5,000 KAVA token pool. Prepare for the rise of Kava 11 by testing the Liquid Staking feature that will unlock massive value to Kava TVL and rocket the project to the top 10 on DeFiLama. — How to Be Eligible - Users need to sign up by filling out the form using their Kava Address, then connect their wallets to the Kava 11 Liquid Testnet. Once users connect to the Testnet, they can navigate the Kava Liquid app and take a first look at its features. Users will receive an amount of Testnet KAVA and USDC tokens, and then they need to supply the tokens to Kava Earn. By doing so, two hundred participants will be randomly selected to win an equal piece of the 5,000 KAVA prize, as long as they tak...
More Kava (#KAVA) News
|Injective Chooses Kava Native USDT for its Perps Trading
[PRESS RELEASE - Georgetown, Cayman Islands, November 2nd, 2023]
Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has selected the Kava Chain's Native USDT for their Perps trading. The Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos.
This collaboration is poised to bring significant benefits to users of both platforms, signaling that this transformative partnership is set to reshape the world of DeFi. The integration of Kava Chain's capabilities with Injective's revolutionary DeFi technology is set to offer a host of advantages for both platforms, including Enhanced Trading Opportunities, Improved Liquidity, and Cross-Chain Flexibility.
“The introduction of stable asset interoperability is a major boon for the Injective ecosystem. USDT stands as a cornerstone within the broader crypto industry, and the extension of Kava's USDT offering will serve as a major milestone for the community,” said Eric Chen, Co-Founder and CEO of Injective Labs.
The choice of Kava Chain's native USDT for Perps Trading exemplifies the mutual benefits that this partnership brings, offering users the best of both worlds and enriching the DeFi experience for traders, investors, and developers alike. Together, they are poised to reshape the possibilities within the decentralized finance sector.
'We are thrilled that Injective has chosen the Kava Cha...
|Kava Chain Now Live on Fireblocks, Opening Cosmos DeFi to Institutional ...
[PRESS RELEASE - Georgetown, Cayman Islands, September 1st, 2023]
Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. The integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain.
“With the integration of Kava Chain onto the Fireblocks Network, we’re excited to bring Kava’s innovative suite of DeFi app protocols and Cosmos DeFi access to our customers,” said Idan Ofrat, Co-founder and Chief Product Officer at Fireblocks. “In the past year, we have seen growing institutional interest in DeFi. Fireblocks’ defense-in-depth security and customizable Transaction Authorization Policy (TAP) allow our customers to safely explore and innovate in the DeFi arena without compromising their compliance and security requirements. We look forward to unlocking more opportunities for our customers in the future.”
Kava Chain has been steadily building and growing through the bear market. However, without a robust connection to an MPC (multi-party computation) custody technology provider, top-tier crypto institutions have not been able to engage with the dApps on-chain. The Fireblocks integration enables over 1,800 leading digital asset and crypto institutions to now custody KAVA tokens and access Kava-native assets, i...
|Core Quickswap Members Launch 50x Leverage on Kava Chain
[PRESS RELEASE - Georgetown, Cayman Islands, August 30th, 2023]
Multiple core contributors of Quickswap, celebrated for their success on Polygon, have launched their next venture: Kinetix Finance on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. The Kinetix Finance perpetual exchange is tailored for users eager to leverage trade without the limitations of traditional centralized exchanges.
Kinetix's innovative Perpetual Market allows users to leverage trade on the Kava Chain. The Perpetual Market meets the rising demand for decentralized trading solutions, offering users leveraged exposure to crypto assets like KAVA, axlETH, axlWBTC, ATOM, and USDt all while ensuring utmost transparency and security.
'The Perpetual Market is not just another trading platform — it is a reflection of Kinetix's dedication to providing decentralized solutions that empower our users. With this platform, we're offering a unique, secure, and efficient way to leverage trade on the Kava Chain,' said Kinetix team lead Alexi Atlas.
At the heart of Kinetix's Perpetual Market is the distinctive liquidity pool system, KLP. LPs can offer any of the initial five supported assets: KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT. In return for contributing these tokens, participants receive KLP, a special liquidity token representing the entire basket. This decentralized structure, combined with the protocol's AMM, facilitates leverage trading, allowing users to borrow ...
|Stargate Deploys to Kava Chain Unifying Cosmos-Ethereum Liquidity
[PRESS RELEASE - Georgetown, Cayman Islands, August 28th, 2023]
Stargate, the leading omnichain liquidity layer, and native asset bridge with over $18 billion in lifetime transaction volume, 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.
Stargate's success in connecting Ethereum networks is unmatched, with 300x more TVL than the next most-used bridge. Deploying Stargate on the Kava Chain gives DeFi users the most secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems.
The integration ensures that users from any of Stargate’s chains have access to USDt on Kava Chain and every app-chain on Cosmos’s Internet of Blockchains. Ease-of-use features like single-click transfers and swaps, combined with unified liquidity and instant guaranteed finality, make traversing USDt capital efficient and simple. Stargate's native asset transaction capabilities ensure a more direct and efficient connection to the Cosmos ecosystem.
“Kava Chain’s growth since becoming the exclusive native USDt hub for Tether has been impressive, with 90 million native USDt issued,” said Scott Stuart, Kava Chain Co-founder. “With Kava Chain now on Stargate, both retail and institutional users who previously had restricted access to certain features on Kava, now have an even bro...
|Bitcoin Tumbles Toward $30K, KAVA Crashes 12% Daily (Market Watch)
The past 24 hours saw the majority of the cryptocurrency market tumble toward lower levels. It's worth noting that the declines are slight, with a few exceptions.
Bitcoin's price continues consolidating within the range between $30K and $31K, but it's getting closer to the former. Let's dive in.
BTC Price Tumbles Toward $30K
Bitcoin's price failed to breach $31K yesterday, and the bears took advantage. They were able to push the price down in a few substantial red candles. It reached as low as $30,200 (on Binance), and is currently trading at around $30,400, for a 1% loss on the day.
It's worth noting that the increased volatility comes amid this month's CPI announcement. The Bureau of Labor Statistics published the numbers yesterday, and they clocked in at lower than expected. Bitcoin's price reacted immediately (as seen in the chart above), but the bulls were unable to sustain the momentum.
Altcoins Also Indecisive
The altcoin market has also seen slight declines across the board, with a few notable exceptions. Right off the bat, we can see that Litecoin (LTC) continues to perform well and is up around 3.5% on the day. Chainlink, UNI, BCH, and ETC are the other major altcoins that are trading in the green, albeit ever so slightly.
Source: Quantify Crypto
The coin that lost the most during the day is KAVA, which is down 11% in 24 hours. It's followed by Algorand and Maker.
On the other end of the spectrum, there's Kaspa's KAS, which is up 9.2% in the past...
|Kava 14 Accelerates Cosmos Ecosystem Expansion
[Press Release - Georgetown, Cayman Islands, July 12th, 2023]
Kava, a Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos has launched the Kava 14 upgrade. This upgrade deploys 'internal bridge' technology to seamlessly convert native Cosmos assets to and from Ethereum’s ERC20 token standard.
Kava 14 is one of a cluster of milestones in the making. In early July, Tether announced it’s decision to make Kava the gateway for issuing native USDt on Cosmos. With the launch of Kava 14, USDt can now be minted and easily converted on Cosmos, to — and from — USDt on every other L1 with native USDt including the: Bitcoin (Omni & Liquid protocol), Ethereum, TRON networks, and more.
“Within the first few days of Kava launching the official Tether integration, more USDt has been issued on Cosmos than on Polkadot and Near combined,” said Scott Stuart, Kava Co-Founder. “It’s clear that people want USDt on the interchain. I’m optimistic that having a native stablecoin and a safe, reliable way to convert it across chains via the Kava 14 upgrade will finally unlock the incredible tech the Cosmos ecosystem has built.”
Kava Gains Momentum
Following Tether's July announcement, Kucoin now supports Kava's Cosmos and EVM networks, providing a reliable CEX for user transactions within the Cosmos ecosystem. Meanwhile, Curve Finance's launch of a USDt liquidity pool offers a decentrali...
|Tether Launches USDt on Kava
[PRESS RELEASE - Cayman Islands, Cayman Islands, July 6th, 2023]
Native USDT unlocked on Cosmos.
Tether's USDt, the world's most liquid, secure, and transparent stablecoin, has successfully launched on Cosmos via Kava, marking a significant milestone in the expansion of the Cosmos DeFi ecosystem.
The integration of Tether's USDt on Kava makes deep stablecoin liquidity across Cosmos’ Inter-Blockchain Communication (IBC) and Ethereum Virtual Machine (EVM) ecosystems easily accessible. With native USDt issued on Kava, the Cosmos ecosystem’s limited growth, fragmented liquidity, and exaggerated volatility get addressed by the addition of natively issued USDt for users and developers. Native USDt brings Cosmos dApp and app chains, and EVM dApp users a secure and universally adopted canonical stablecoin.
Scott Stuart, Co-Founder of Kava, expressed his excitement for the successful integration, 'Our support for Tether’s USDt integration unlocks much-needed stablecoin liquidity across the Cosmos and EVM ecosystems. Tether’s choice makes Kava a key support and a strong ally for Cosmos ecosystem projects building out the Internet of Blockchains.'
Unlike external third-party bridge solutions, which create fragmented pools of wrapped assets, with the launch of Kava 14, USDt natively issued on Kava can move between IBC and EVM blockchains via an ‘internal bridge’ with tight access controls and restrictions that greatly reduce attack vectors. Kava makes ...
|Tether Chooses Kava As Gateway for Cosmos USDt
[Press Release - Georgetown, Cayman Islands, June 23rd]
Tether chooses Kava, a layer-1 blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem. Kava is excited and honored by Tether’s decision to bring the world's most liquid, secure, and transparent stablecoin USDt to Cosmos appchains and Kava EVM dApps.
'Kava's support of Tether’s USDt integration will help bring stability and unlock liquidity across Cosmos and EVM ecosystems. Native USDt issued on Kava will address the limited growth, low liquidity, and increased volatility of using the Cosmos ecosystem, and help ignite a robust DeFi economy, empowering appchains, EVM dApps, and their users with a secure and widely adopted canonical stablecoin,' said Scott Stuart, Kava Co-Founder.
Tether's decision to integrate USDt natively on Cosmos, using Kava as a hub, will bring accessibility and financial stability to users and developers within the Cosmos ecosystem. Unlike external bridge solutions; which proliferate dozens of versions of a wrapped asset, siloing liquidity, discouraging participation, and harming user experience; natively issued USDt on Kava simplifies the process, and offers a streamlined, efficient mechanism for stablecoin liquidity provision and transfer between the Cosmos and Ethereum ecosystems.
As a result, this integration could potentially catalyze a significant expansion of the DeFi economy on Cosmos, pr...
|Kava Becomes the Latest Blockchain to Host USDT
Tether - the company behind the largest stablecoin - announced the launch of USDT on Kava (a layer 1 proof-of-stake blockchain network).
Following the latest development, the token is now live on over a dozen networks, including Ethereum, NEAR Protocol, Solana, Tron, Algorand, and more.
The stablecoin issuer praised Kava network for its scalability and speed, saying it will be the next blockchain where USDT will circulate.
Paolo Ardoino - CTO at Tether - thinks the initiative will allow Kava to offer its 'strong community' access to 'the world's first, most stable, most trusted, and most widely used stablecoin.'
'The Kava network is a unique and widely followed blockchain with a robust track record of four years with zero security issues, which is essential to protecting USDT users. Together, we aim to reshape the future of decentralized finance, fostering a robust and inclusive ecosystem that benefits users worldwide,' the exec added.
Kava - a layer 1 blockchain that combines features of Cosmos and Ethereum - became the 14th network to support USDT. It recently announced the successful execution of its 'Kava 13' mainnet upgrade, which aims to advance its infrastructure and offer customers additional protection, functionality, speed, and scalability.
Other blockchains that have adopted the leading stablecoin by market capitalization include Ethereum, Solana, Algorand, NEAR Protocol, Polygon, Tron, Kusama, and more.
The post Kava Becomes the Latest Blockchain to Host USDT ...
|Coinbase Lists KAVA, Advancing Ethereum–Cosmos Interoperability
[PRESS RELEASE - San Francisco, California, 18th January 2023]
Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3.
Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that optimizes the process for Cosmos SDK chains to integrate with Coinbase helping to drive new liquidity to the Cosmos ecosystem.
Unlocking Cosmos Liquidity
Coinbase's native integration with Kava allows for easy listing of Kava ecosystem projects, KAVA staking on Coinbase, and unlocks DeFi usage for Coinbase users on Kava. Additionally, Kava worked with the Coinbase team to make it significantly easier for Cosmos chains to list on the exchange, unlocking access to liquidity for Cosmos projects and further driving the adoption and growth of the entire Cosmos ecosystem. The entire process whittles the timeline for integrating Cosmos SDK chains to Coinbase from 12-18 months to a single month. Cosmos chains can now be integrated as easily as ERC-20 tokens. A major step forward to increasing liquidity within the Cosmos Ecosystem.
“It’s exciting to see Kava listed on the largest US-regulated exchange. Coinbase sets the standard as the most important on-ramp for new users and capital into the blockchain ecosystem. I look forward to growing Kava’s...
|Sushi Deploys to Kava, Debuting Major UI Overhaul
[PRESS RELEASE - San Francisco, United States, 28th September 2022]
Sushi completes deployment to the Kava blockchain with a liquidity pool eligible for KAVA and SUSHI token rewards.
Earlier this year, Kava shook up the L1 industry with its Ethereum Co-Chain launch, sparking the fastest growth of protocols on any blockchain in 2022. Today, tier-1 DeFi protocol Sushi combines its deployment to Kava with an up to $7M matching rewards plan alongside their elegantly redesigned Sushi 2.0 user interface.
Providing liquidity to Sushi’s wKAVA/USDC pool deployed to the Kava EVM will be eligible for KAVA and SUSHI token rewards. Sushi’s deployment also enables users to create new pools with other asset pairs, especially after the Kava 11 upgrade and the Ethereum bridge later this year. These actions position Sushi as the primary decentralized exchange (DEX) on the Kava EVM.
“Kava is a 100% growth-oriented blockchain fueled by the Kava Rise incentives program. Sushi has believed in this program from the start and was an early pioneer. Today, I’m excited to announce that Sushi also chose Kava to premier a one-of-a-kind DeFi user experience. Kava aims to onboard and engage more protocols than all the other L1 networks. Kava will reach that goal with visionary partners like Sushi.” – Scott Stuart, CEO of Kava Labs.
“We are grateful to be a part of what we consider an exciting new blockchain infrastructure. We are humbled to be included as one of th...