Deep info on $KAVA
Interoperable:
A highly-scalable and secure Cosmos SDK blockchain that connects Kava to the 30 chains and $60B+ of the Cosmos ecosystem via the IBC protocol.
The KAVA token is the native asset of the Kava blockchain, a decentralized platform offering a suite of DeFi services like lending and minting stablecoins. KAVA serves a dual purpose: it's used for network governance to vote on proposals and fund ecosystem initiatives, and for security through staking by validators who are rewarded in KAVA and risk losing it for malicious activity. Validators are the top 100 nodes securing the network by a weighted bonded stake in KAVA tokens.
Key Aspects of KAVA
Dual-Purpose Token:
KAVA is essential for both the Kava blockchain's security and its governance.
Staking for Security:
Validators use a weighted bonded stake of KAVA tokens to secure the network and process transactions.
Governance:
KAVA token holders can vote on key aspects of the Kava Network, such as the types of collateral supported, debt limits, and fees for the network's various protocols.
Incentives:
A portion of KAVA emissions is used as incentives for projects building on the Kava ecosystem.
Inflationary:
KAVA is an inflationary asset, with new tokens emitted over time to reward validators and secure the network.
How Kava Works
The Kava Platform integrates various DeFi services:
Kava Mint:
Allows users to mint USDX, a stablecoin, by providing collateral in the form of other cryptocurrencies.
Kava Lend:
A decentralized money market where users can supply and borrow cryptocurrencies and earn rewards.
@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 is headquartered in San Francisco, CA.