Update: Rewards For Borrowing USDX Likely To Begin July 29th.

Proposal #11 was submitted to activate the accumulation of rewards for users borrowing USDX using locked BNB assets on the Kava platform starting July 15th.

Kava community member “BNB48 Ian” reported that a value in the proposal (circled in red on image below) was incorrectly set — “ukava” should have been set to “bnb”. As a result, it is recommended that Kava holders vote to not pass Proposal #11 as it does not meet the desired objective in its current format.

A new proposal will be submitted July 15th at approximately 14:00UTC which if passed will activate the accumulation of rewards for users borrowing USDX with locked BNB assets on the Kava platform starting July 29th at 14:00UTC.

Active participation by members of the Kava community helps to catch items like this sooner and enables all of us to progress and grow Kava faster. It is greatly appreciated!

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