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دوشنبه 28 شهریور 1401, 21:30 عصر
What is KAVA (https://coincupdaily.com/what-is-kava/)?
Kava (https://www.kava.io/) is the first DeFi platform built on the Cosmos network. Cosmos describes itself as a decentralized network of independent and parallel blockchains. The goal of the ecosystem is to create an internet of blockchains, the Blockchain 3.0.Traditional banks allow customers to take out loans using their existing assets as collateral. With Kava, the world’s first cross-chain money market, you can borrow with your crypto as collateral. For example, you should not unnecessarily sell your crypto for fiat money before you can take out a loan. You make your current crypto assets available as collateral to take out loans with the protocol of Kava.It is a multi-chain DeFi lending platform that offers USDX stablecoin lending where users earn KAVA tokens. This way you can earn more by making your capital available whenever you want without having to sell your digital currency. Kava can be seen as a decentralized bank that facilitates the borrowing and lending of currency through the use of crypto as collateral.Unlike centralized banks, which profit from the interest by making loans themselves, Kava’s open decentralized bank returns the profits to the users. This is done through attractive APYs and rewarding users in the native token of the protocol.This technology and application is made possible by its open-source nature that creates an open and decentralized network capable of delivering financial services to users regardless of their location or physical assets. This global network is operated by thousands of people, companies and institutions from all over the world. Token holders are responsible for security and management and represent ownership of the protocol through the governance token.Third-party services that use crypto assets can integrate Kava as a dApp to offer their users financial services such as lending and offering attractive interest rates. Users, developers or organizations using Kava will be rewarded by the platform with the native token KAVA.The goal of the Kava protocol is to be a decentralized and global platform for financial services that allows users around the world to earn more from their digital assets. To achieve this goal, there is the native KAVA token that gives users ownership
rights and decision-making rights about the future of the platform. Rewarding users with the governance token provides the network with a secure environment for financial applications.
https://coincupdaily.com/what-is-kava/
Kava (https://www.kava.io/) is the first DeFi platform built on the Cosmos network. Cosmos describes itself as a decentralized network of independent and parallel blockchains. The goal of the ecosystem is to create an internet of blockchains, the Blockchain 3.0.Traditional banks allow customers to take out loans using their existing assets as collateral. With Kava, the world’s first cross-chain money market, you can borrow with your crypto as collateral. For example, you should not unnecessarily sell your crypto for fiat money before you can take out a loan. You make your current crypto assets available as collateral to take out loans with the protocol of Kava.It is a multi-chain DeFi lending platform that offers USDX stablecoin lending where users earn KAVA tokens. This way you can earn more by making your capital available whenever you want without having to sell your digital currency. Kava can be seen as a decentralized bank that facilitates the borrowing and lending of currency through the use of crypto as collateral.Unlike centralized banks, which profit from the interest by making loans themselves, Kava’s open decentralized bank returns the profits to the users. This is done through attractive APYs and rewarding users in the native token of the protocol.This technology and application is made possible by its open-source nature that creates an open and decentralized network capable of delivering financial services to users regardless of their location or physical assets. This global network is operated by thousands of people, companies and institutions from all over the world. Token holders are responsible for security and management and represent ownership of the protocol through the governance token.Third-party services that use crypto assets can integrate Kava as a dApp to offer their users financial services such as lending and offering attractive interest rates. Users, developers or organizations using Kava will be rewarded by the platform with the native token KAVA.The goal of the Kava protocol is to be a decentralized and global platform for financial services that allows users around the world to earn more from their digital assets. To achieve this goal, there is the native KAVA token that gives users ownership
rights and decision-making rights about the future of the platform. Rewarding users with the governance token provides the network with a secure environment for financial applications.
https://coincupdaily.com/what-is-kava/