Securely access a robust suite of DeFi products and services in one safe and seamless integration. A fully integrated suite of financial products for crypto
Kava brings together everything that's required to do frictionless decentralized finance. Many companies have already integrated with the Kava's DeFi platform to allow their users to lend, invest, and earn with crypto. The worlds most powerful decentralized finance APIs
Securely access a robust suite of decentralized financial services in one safe and seamless integration.
What Is Kava (KAVA)?
Kava is a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield.
The Kava DeFi hub operates like a decentralized bank for digital assets, allowing users to access a range of decentralized financial services, including its native USD-pegged stablecoin USDX, as well as synthetics and derivatives. Through Kava, users are able to borrow USDX tokens by depositing collateral, effectively leveraging their exposure to crypto assets.
Built on the Cosmos blockchain, Kava makes use of a collateralized debt position (CDP) system to ensure stablecoin loans are always sufficiently collateralized. If a borrower fails to maintain their collateral above a required threshold, the Kava liquidator module will seize collateral from failing CDPs and send it to the auction module for sale
Posted Using LeoFinance Beta