Company Expands Portfolio With Institutional Grade Native Crypto-Type Financial Products
Kava Labs , an open source and non-custodian developer of financial products and services for decentralized finance (DeFi), announced the successful launch of its new platform project, Kava Swap ™.
“Since our inception four years ago, Kava Labs’ mission has been to create a portfolio of decentralized products and services that allow users to access all of the benefits of DeFi, but without the risks found on the current market “
Kava Swap is an Autonomous Market Making (AMM) cross-chain protocol designed to provide an efficient and secure way to trade natively between the world’s largest assets. The new protocol is built on the Kava ™ platform and is supported by low fees, high efficiency and the ability to generate high returns for liquidity providers. Kava Swap provides retail and institutional users with access to over $ 1 billion in on-chain liquidity across the Kava ecosystem chain to efficiently trade assets, expand earning opportunities, and maximize returns. The new product is part of the Kava Mainnet 8 upgrade and has successfully passed a full security audit with CertiK.
Read More: Currency Agnostic Blockchain Debuts for Global Trade
“Since our inception four years ago, Kava Labs’ mission has been to create a portfolio of decentralized products and services that allow users to access all of the benefits of DeFi, but without the risks found on the current market, ”said Scott Stuart, Co-Founder and Product Manager at Kava Labs. “As we expand our ecosystem, Kava continues to deliver on its promise of building an open and scalable, institutional-level platform that offers the same levels of efficiency, security and ease of use as traditional financial products. ”
Kava Swap is the third protocol built on the Kava Platform and is an open and unauthorized application accessible by anyone, anytime, and anywhere in the world. It joins Kava Mint ™, which allows users to take out USDx Stablecoin loans using their assets as collateral, and Kava Lend ™, which allows users to earn rewards by fueling money markets and borrowing assets in those markets. . All three protocols come complete with interoperable and cross-chain tools, secure price feeds, and institutional-grade security and reliability. Besides, Upgrading the platform to Kava Mainnet 8 will strengthen the participation and governance of token holders in all applications of the Kava platform by enabling voting on HARD ™ and SWP ™ tokens. This gives token investors direct access to governance on the Kava platform and the Mint Protocol via the KAVA ™ token, the Kava Lend Protocol via the HARD token and the Kava Swap Protocol with the SWP token.
Read More: Kraken Donates $250,000 to Advance Ethereum’s Blockchain Upgrade Efforts
“Recently, Kava has focused on developing the safest possible way for users to grow their cryptocurrency wallets,” continued Mr. Stuart. “We believe that access to wealth creation opportunities within DeFi does not necessarily mean increased exposure to risk. Our guiding product principle is to develop an institutional grade DeFi ecosystem that unlocks the massive growth opportunities available in the cryptocurrency market, as part of a risk-free model that helps scale our market to the big one. public. ”
Read More: Blockchain Safety: Why You Should Create a New Bitcoin Address Every Time?
