Citadel.one Overview: KAVA
KAVA ($KAVA) is now integrated into Citadel.one.
Kava is a next-gen DeFi platform for lending with a goal of market flexibility. Kava offers a variety of products, but it’s two main services are offering loans with collateral and stablecoins.
Kava was specifically developed to provide stablecoins and decentralized lending against all major crypto assets in a transparent and easily understandable manner.
How does KAVA work
Kava makes use of a stablecoin known as USDX. Users can collateralize their crypto assets in exchange for USDX. Users looking to get a loan then need to lock up their crypto assets in a smart contract on the platform. Their locked up crypto serves as a collateral for the loan they want to receive.
Users can request and get collateralized loans to create artificial leverage for any supported crypto asset in the system. To give an example, a user could choose to lock up bitcoin using the protocol. After the bitcoin is locked up, the user will receive an amount of USDX equivalent to the locked up bitcoin which they can use to purchase more bitcoin. Therefore the user gains a leveraged position in the market.
Kava supports a wide range of Dapps which adds to the platform’s overall UX. For this reason users can store their assets using a wide variety of hardware wallets and widely acknowledged institutional-grade custodians. This allows for a platform whose flexibility favours it over it’s competition.
KAVA’s main features
- KAVA allows you to stake and bond USDX stablecoin to gain a source of desirable passive income.
- KAVA gives users access to loans, leverage and stablecoins for hedging.
- KAVA makes use of dual token strategy to ensure each user gains maximum flexibility and usability possible. KAVA and USDX.
- KAVA is the native token (KAVA) for the blockchain and functions as its governance token. Users of KAVA’S platform need the token to vote on critical parameters which decide what the upgrades of the network will be.
Citadel.one features for KAVA
Non-custodial one-seed wallet
Citadel.one users can create platform-native addresses for all supported networks with one seed phrase. KAVA holders can create multiple addresses — all of them will be managed with a single password. Citadel.one is a non-custodial platform — only users have access to their private keys. Security is our main concern!
Hardware wallets support
Alternatively, there is an opportunity for KAVA holders to connect hard wallets to the Citadel.one interface and enjoy all features of Citadel.one while keeping all assets safe in a hard wallet. Citadel.one supports all Ledger devices.
Other public addresses support
Citadel supports all KAVA public addresses, even if they were created outside of the platform. Adding them to Citadel.one will give users access to the same analytical functionality as for native addresses.
There is also an option to migrate already existing wallets to Citadel.one using a private key or mnemonic phrase.
Sign up with Social Media
KAVA users can log in to Citadel.one wallet with their favorite social media accounts. Citadel supports Facebook, Google and LinkedIn. Twitter and Weibo are in plans, too.
Staking & Multi-node Delegation
One of the Citadel’s core features is participation in PoS consensus of supported networks. Users have the option to stake and delegate their KAVA to contribute to the KAVA ecosystem and receive staking rewards. The dashboard is structured to depict the user’s balance of available, staked, and frozen (unbonded) KAVA. In addition the dashboard features received rewards as well as a list of KAVA validators.
Users can vote for as many validators as they want and allocate their votes proportionally by inputting shares % or the precise KAVA amount they want to delegate.
Multi wallet analytical dashboard
Tracking asset status with graphical metrics and visual statistics is added for KAVA addresses. At your disposal is a built-in explorer with features such as transaction status tracking, reward history, balance changes, chart analytics, network statistics with the potential for additional features to be added in the future.
Users can track all transactions across multiple networks and wallets. This includes rewards payouts, transfers, and withdrawals Another useful feature is the ability to add comments to transactions.
Users can set notifications on claimable tokens and non-staked assets.
Where to buy KAVA
KAVA can be purchased on Binance, Huobi, Upbit, DragonEx, Kraken, Biki, Bilaxy, MEXC Global, Gate.io, AscendEX, CoinEX and Coinone.
KAVA community links
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.
The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.
One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.
Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.
Among PoS platforms, Citadel.one supports BAND network ($BAND) Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST ($IOST), KAVA ($KAVA), BSC and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.