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Kava is a cross-chain decentralized financial platform that provides mortgage loans and stablecoin services for mainstream digital assets (BTC, XRP, BNB, ATOM, etc.). Kava is now supported by more than a hundred companies around the world, including well-known digital currency funds and blockchain projects such as Ripple and Cosmos. The Kava platform supports two types of tokens: KAVA is the equity and governance token of the platform, and its functions include ensuring network security and governance voting; USDX is a stable currency issued by the platform based on digital asset collateral.
Kava is a decentralized Layer 1 hub that supports cross-chain DeFi applications and services, and is committed to providing barrier-free permanent financial service infrastructure for product applications and developers. The Kava CDP lending platform built on the Kava blockchain and the cross-chain money market HARD Protocol combine to form a decentralized bank for digital assets, connecting users with stablecoins, loans, interest-bearing accounts and other products, allowing users to use Digital assets gain more usage scenarios and value.