KAVA - A Cross-Chain Platform for Decentralized Finance

Kava is a cross-chain DeFi platform offering collateralized loans and stablecoins to users of major crypto assets (BTC, XRP, BNB, ATOM, etc.). It is supported by over 100+ business entities around the world, including prominent crypto funds and major crypto projects like Ripple and Cosmos. The platform features two tokens: KAVA, a governance and staking token responsible for securing the network and voting on key parameters; and USDX, an algorithmically maintained stablecoin backed by crypto asset collateral.

STO/ICO Status

Status
Upcoming
Symbol
KAVA
Start Date
2019-10-23
Hard Cap
3,000,000 USD
Initial Price
0.46 USD
Token Supply
6,521,739
STO/ICO Website Owner of KAVA?
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Basics

PlatformN/A
TypeN/A
AcceptingOthers
Circulating SupplyN/A
KYCN/A
Restricted AreasN/A
HomepageWebsite URL
White PaperView/Download

About

Multi-collateral Debt Positions: The Kava platform supports lending against crypto assets from other networks such as BTC, XRP, BNB, and ATOM.

“No Counterparty” Lending: The Kava platform enables users to ‘self-issue’ loans, minting new USDX based on their deposited collateral and destroying USDX when users close out their debt positions.

Algorithmically Maintained Stablecoin: Using price oracles, Kava automatically auctions ‘at-risk’ collateralized debt positions that fall below the required debt-to-collateral ratio in order to maintain the price peg of USDX to USD.

Economically Incentivized Governance: Stakers of the KAVA token earn block rewards and fees paid by users but risk slashing and act as the lender of last resort if the system is not maintained properly.

Team

Brian Kerr
Brian Kerr
CEO
Scott Stuart
Scott Stuart
Product Manager
Ruaridh O'Donnell
Ruaridh O'Donnell
Blockchain Dev Lead
Kevin Davis
Kevin Davis
Lead Engineer