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#KavaBNBCnainSummer How to Use Kava? Kava is used for lending and borrowing cryptocurrency-based loans that can be taken in the form of newly minted stablecoins, USDX. USDX value is pegged to the value of the US dollar and is over collateralized by other users’ cryptocurrencies to keep the value stable. KAVA can also be used for staking on the network and staking on other platforms, like Ethereum, thanks to the interoperability achieved through the Cosmos network. Users can earn an APY based on their stakes, while validators are incentivized to secure the network and verify network operations. KAVA can also be bought and sold on exchanges to generate profits based on the difference between buying and selling prices. How to Choose a Kava Wallet Since Kava protocol runs on the Cosmo network, one option for a KAVA wallet It is designed to store Cosmos SDK chains, Binance BNB Chian which means that KAVA can also be stored and safely kept in this wallet. @kava $KAVA $BNB $ETH $BTC
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