DeFi Coming to Cosmos.

Kevin Davis
Jun 21 · 3 min read
Introducing Kava’s Cross-chain CDP Platform

Pulling Assets From the Outside In

While new assets on Cosmos are getting a lot of attention, it’s important to remember that Cosmos is designed with existing assets like Bitcoin in mind. Eric Meltzer put it well:

Introducing Kava - DeFi for Crypto Networks

By applying our expertise in cross-chain settlement, Kava Labs has developed a new technology set that combines the benefits and interoperable functionality of Cosmos with DeFi applications traders want today.

Kava will support a diverse set of crypto assets starting with BTC, XRP, and ATOM

The Kava Token

The Kava blockchain is secured by Proof-of-Stake consensus and has a native token for securing the network called the KAVA token. KAVA tokens represent the ability to secure and participate in the governance of the Kava blockchain. Token holders can stake their tokens directly, or delegate them to a staking service provider. Staked Kava tokens have the ability to participate in the governance of the system, including deciding what types of collateral the system supports and how many stablecoins the system can create. For more information, see the specification.

The Road Ahead

The framework for locking collateral in multiple assets and issuing USDX is built. Now the focus is on working with great validators to secure the Kava blockchain and building a community who wants to take ownership and participate in the governance of Kava. If you’re a validator who wants to work with us on launching Kava, reach out in our validator chat!

Join the Conversation and Stay Up-to-date

RiotChat: riot.im/app/#/room/#kava-validators:matrix.org

Kava Labs Blog

This publication features news and articles from the Kava Labs team. Kava Labs is a developer of the Kava blockchain, the first cross-blockchain DeFi platform.

Thanks to Scott Stuart and Brian Kerr.

Kevin Davis

Written by

I work on interledger and other cool tech in the blockchain and interoperability space for @kava-labs.

Kava Labs Blog

This publication features news and articles from the Kava Labs team. Kava Labs is a developer of the Kava blockchain, the first cross-blockchain DeFi platform.