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What is Kava
Kava is a cross-chain Decentralized Finance(DeFi) platform offering decentralized leverage and hedging of major digital assets such as BTC, ATOM, and BNB, built by Kava Labs. The first DeFi application built within the Cosmos ecosystem, Kava aims to bridge the crypto economy and traditional collateralization processes through the issuance of USDX, a US dollar-pegged stablecoin loan in proportion to digital assets collateralized. KAVA is the governance and staking token responsible for securing the network and voting on key parameters. Using a system of smart contracts, Kava enables users open access to loans and algorithmically managed stablecoins backed by crypto assets—empowering digital asset owners with user-friendly DeFi services, making them more accessible than ever before. Kava is backed by over 100+ business entities around the world, including prominent crypto funds and major crypto projects like Ripple and Cosmos.
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