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How loans work on Kava: A detailed guide
Kava is a DeFi lending platform that allows users to borrow and lend multiple cryptocurrencies without the intervention of financial institutions or other intermediaries. Kava is decentralized and is one of the most popular projects in the DeFi sector.
The platform uses the Cosmos network as its underlying base, allowing it to leverage the customization and interoperability of this blockchain platform. Kava creates a stablecoin called USDX, which is pegged to the value of the US dollar and is used for lending and borrowing.
The platform uses the Cosmos network as its underlying base, allowing it to leverage the customization and interoperability of this blockchain platform. Kava creates a stablecoin called USDX, which is pegged to the value of the US dollar and is used for lending and borrowing.
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