Kava is a cross-chain decentralized financial platform that provides mortgage loans and stable currency services for mainstream digital assets (BTC, XRP, BNB, ATOM, etc.). Kava is now supported by more than one hundred companies around the world, including well-known digital currency funds and blockchain projects such as Ripple and Cosmos. The Kava platform supports two types of tokens: KAVA is the equity and governance token of the platform, and its functions include ensuring network security and governance voting; USDX is a stable currency issued by the platform based on digital asset collateral.

Kava is a decentralized Layer 1 hub that supports cross-chain DeFi applications and services, and is committed to providing product applications and developers with a permanent financial service infrastructure without thresholds. The Kava CDP lending platform built on the Kava blockchain and the cross-chain money market HARD Protocol form a decentralized bank of digital assets, which connects users with products such as stable coins, loans, and interest-bearing accounts, allowing users to use Digital assets obtain more usage scenarios and value.

Project Introduction

Kava is a Layer 1 DeFi hub. Developers can take advantage of Kava's security, cross-chain bridges and adapted Chainlink oracles to quickly create new cross-chain DeFi applications and deploy them to Kava's global user base .

Kava is built on the Cosmos SDK and runs on a Tendermint-based proof-of-stake (PoS) consensus mechanism. On the application side, Kava has created two applications, the lending platform CDP and the cross-chain currency market HARD Protocol, which provide stable coins, loans and interest-bearing accounts, allowing users to use digital assets to obtain more usage scenarios and value.

The Kava ecosystem has three types of tokens, KAVA tokens, USDX stablecoins and HARD tokens, among which KAVA tokens are the native tokens of the Kava blockchain and are integral to the security, governance and mechanical functions of the platform. Users can mortgage their encrypted assets in exchange for Kava's stablecoin USDX. HARD token is the governance token of HARD Protocol, which is used to motivate early participants to participate in the continuous development and management of the product.