Kava: Decentralized platform for crypto lending and governance.
Kava is a Cosmos-based DeFi platform for borrowing, lending, and staking crypto, featuring its USDX stablecoin and KAVA governance token.
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What is Kava (KAVA)?
Kava is a versatile decentralized platform on the Cosmos blockchain, offering crypto traders products like multi-collateral debt positions and self-issued loans. Users can borrow and lend digital assets directly, avoiding traditional finance. Its ecosystem includes USDX, a stablecoin pegged to the U.S. dollar. KAVA, the platform's native cryptocurrency, has a total supply of 253,378,733. Kava facilitates lending and borrowing via Cosmos smart contracts called CDPs, where users deposit crypto to receive USDX and KAVA rewards. Repaying USDX closes the CDP, burning the USDX. The amount of USDX received depends on the collateralization ratio, which protects against market volatility. Liquidation occurs if the collateral value drops too low. KAVA is used for network governance (voting on propos...
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Kava price live information
As of now, Kava is trading at 0.4336 USD, with a 24-hour trading volume of approximately 503.90K USD. The KAVA to USD price is updated in real time. Over the past 24 hours, Kava has increased by 0.14%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 469.53M USD. Currently, there are 1 082 853 464 KAVA in circulation out of a maximum supply of 1 082 853 464 KAVA.
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