KAVA Network

Kava network is a first-level blockchain (Layer-1) that works simultaneously with the Cosmos SDK and Ethereum. Kava Network will allow developers to create Web3 and blockchain applications via the interaction of two blockchains.

The network utilizes Tendermint Consensus to validate blocks and maintain the network. Validators maintain consensus via staking and receive native KAVA tokens for rewards.

Integration with the Cosmos SDK allows the network to access the entire Cosmos ecosystem via the IBC protocol. This opens up access to protocols with a total liquidity of more than $60B.

Working with EVM Ethereum allows you to quickly launch an existing project on top of KAVA Network. This reduces barriers to scaling existing projects and for expanding to new networks. Solidity developers can easily deploy contracts and thus gain access to the KAVA network.

When using the network, developers gain several benefits:

• Flexible Deployment: Ethereum Co-Chain and Cosmos Co-Chain are the two most popular EVM-compatible permissionless execution environments which developers can use for building their applications.
• On-Chain Incentives: Most successful developers are rewarded in all possible Web3 fields including GameFi, DeFi and NFTs due to the decentralized on-chain incentive model.
• Seamless Interoperability: Solidity smart contracts interoperate seamlessly with Cosmos SDK protocols in the same network. This allows the project to connect to all major assets and large communities of users.

At the beginning of the year, the network became what we know today. You can read more about the launch of interconnection here:

https://medium.com/kava-labs/kava-10-kava-network-1-0-ba9195a029b7

Token

KAVA is the native network token for the network and ensures its decentralization and security. The token is also used for on-chain voting and distribution of validators’ rewards.

As the governance token, KAVA works similarly to the Maker Dao MKR token, allowing users to vote on major aspects including network upgrades and proposals for the CDP (collateralized debt position) system. These items or parameters include collateral-to-debt ratios, accepted collateral type, and the total amount of USDX.

KAVA is also used for:

Security

Network users stake KAVA to provide higher security to the platform. Only the highest 100 nodes have the right to validate blocks in Kava.io. To determine these, the protocol estimates their bonded stake tokens.

Staking Asset

Users can also utilize network validator curves to stake their tokens. KAVA is completely intolerant to any malicious activity, like double-signing or failure to maintain high uptime. Users who attempt to do so are swiftly removed from participation.

Last Resort Lender

KAVA also serves as the network’s reserve currency. The Kava.io protocol issues new tokens to buy more USDX when it is over collateralized. This mechanism is used to retain the value of stable coins.

Ecosystem

Kava unites Cosmos and Ethereum featuring 1,360 active dApps and over 4,000 active open-source ecosystem developers. Cosmos at the same time has about 265 applications and services. This includes 33 zones that integrate with the IBC bridge. They are good for hundreds of thousands of daily cross-chain transactions.

Team

KAVA’s team consists of blockchain entrepreneurs and developers with years of experience in the industry. Many of them joined the team at the very beginning and remain committed to the project to this day. The main core of the team are co-founder and CEO Scott Stuart, co-founder and CTO Kevin Davis, COO Terry Chen, co-founder and Layer-1 protocol developer Ruaridh O’Donnell, and director of finance Tammy Carandini.

Adding Kava to Metamask

Kava has an EVM-compatible network that functions within the broader KAVA ecosystem. Kava EVM is compatible with Ethereum applications, providing a new execution environment for applications built on Solidity.

It just takes a few simple steps:

1. In your Metamask wallet pick the ‘Add Networks’ button
2. Copy and paste the verified Kava (KAVA) RPC details onto the ‘Add Networks’ page (Find the verified Kava RPC below)
3. Click the ‘Save’ button, and you are good to go!

Kava EVM RPC Details

The following information is the official RPC details for the Kava EVM. Copy these details to add them to your Metamask wallet.

• Network Name: Kava EVM Co-Chain
• New RPC URL: https://evm.kava.io
• Chain ID: 2222
• Currency Symbol: KAVA
• Explorer URL: https://explorer.kava.io

KAVA Rise Developer Incentive

KAVA is constantly on the lookout for the best developers to contribute to the growth of the protocol. In this regard, the team launched the KAVA Rise Developer Incentive Program, which is designed to reward the most active developers involved.

How to register

• Fill in the Kava Rise Registration form
• Deploy the project’s smart contract to the Kava Ethereum Co-chain
• Make sure the project is properly registered with DeFiLlama

Every month, each protocol’s “Deployer Address” submitted in the Kava Rise Registration Forms is eligible for rewards in the form of KAVA tokens. Rewards are based on an equation formed from time-weighted-average TVL (TATVL).

(TATVL over a period/total TATVL) x all rewards from the same period).