#KavaBNBChainSummer
$KAVA is the native utility and governance token of the Kava blockchain—a scalable, interoperable Layer-1 combining Cosmos SDK and Ethereum-compatible EVM features . KAVA secures the network through Proof of Stake: validators lock KAVA to validate blocks and earn rewards, while facing slashing penalties for misbehavior . It also empowers holders with governance, enabling voting on protocol parameters like collateral types and debt limits . KAVA fuels DeFi activity via collateralized debt positions (CDPs), where users deposit crypto to mint USDX stablecoins and pay fees in KAVA, which are then burned, adding a deflationary dynamic . Additionally, Kava’s developer-incentive “Kava Rise” program channels new issuance toward ecosystem growth .
