1. What is KAVA?
@kava is a Layer-1 network based on Cosmos, focusing on decentralized finance (DeFi).
It provides a platform for borrowing, lending, and yield farming with support for multiple assets.
Its main currency is $KAVA and is used for governance, fees, and securing the network through a Proof of Stake mechanism.
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2. Key Uses of KAVA:
1. Governance:
KAVA holders can vote on protocol updates.
2. Fees:
Used to pay transaction fees on the network.
3. Staking:
The currency can be staked to secure the network and earn rewards.
4. Decentralized Finance (DeFi):
Participation in lending and borrowing protocols or yield farming.
1. Governance:
KAVA holders can vote on protocol updates.
2. Fees:
Used to pay transaction fees on the network.
3. Staking:
The currency can be staked to secure the network and earn rewards.
4. Decentralized Finance (DeFi):
Participation in lending and borrowing protocols or yield farming.
