March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Kava (KAVA)
Kava is a software protocol that uses multiple cryptocurrencies to allow its users to borrow and lend assets without the need for a traditional financial intermediary.
Price:
$1.835
Mkt Cap:
$458,175,719
View Coin Page
Project Fundamentals
- Kava is a secure, highly scalable Layer-1 network and DeFi ecosystem which is built using the Cosmos SDK and features institutional-grade security.
- The Kava DeFi hub operates like a decentralized bank for digital assets, allowing users to access a range of decentralized financial services, including its native USD-pegged stablecoin USDX, as well as synthetics and derivatives.
- Through Kava, users can borrow USDX tokens by depositing collateral, effectively leveraging their exposure to crypto assets.
Partnerships / Implementation
- Kava was launched in 2018 when co-founders Brian Kerr, Ruaridh O’Donnell and Scott Stuart created Kava Labs, a for-profit company dedicated to the development of Kava Platform.
- Many large-scale investors have backed the Kava platform including Digital Asset Capital Management, 2020 Ventures, IOSG Ventures and UniValues Associates.
- Kava has also created partnerships and collaborations with over 300 firms such as Cosmos, Binance, Ripple and Tendermint.
Roadmap and Announcements
- Kava announced the release of their latest development ‘Kava 5.1’ in April of 2021, an On-Chain development which provided an optimized base layer of infrastructure and upgrades to borrower features. On top of this, Kava 5.1 enables institutions to earn up to 45% APR on Bitcoin holdings without being exposed to counterparty risk
- In October of 2021 Kava also released ‘Kava 7’, which included a Robo Advisor service and a direct Ethereum bridge to Kava.
- Kava rolled out ‘Kava 8’ in February 2022, an On-Chain development that will provide a direct bridge between Bitcoin and Kava.
- 15th August 2022 – OFFICIAL: Kava Liquid Staking set to launch Sept 8th with Kava 11.
- 17th August 2022 -#AnnexFinance joins the #KavaRise program, leading the way with an interesting use for incentives!🧠
Technical Analysis
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Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
