Kava proposes deploying Aave v3 on the Kava Network to introduce lending with deep liquidity to the Kava and Cosmos/IBC ecosystems.
Kava’s mainnet has been live since early 2018 with no downtime or exploits, demonstrating proven resiliency and scalability via its native suite of top-tier DeFi products. In that time, Kava has onboarded 280K+ unique addresses and processed more than $2B in cross-chain transactions without issue.
The Kava Network will build on that foundation to merge the industry’s two most used permissionless ecosystems — Ethereum and Cosmos — in a single, developer-optimized Layer-1 network. Set for mainnet launch in May 2022 with an Alpha release on March 08, the Kava Network will implement a unique co-chain architecture that allows for seamless interoperability between the two environments.
As the only live and actively used network to integrate EVM support with the Cosmos SDK and IBC, Kava represents a proven option as an entry point for Aave v3 to the Cosmos ecosystem and its users. Aave v3 launching on Kava would give Aave users access not only to Ethereum assets, but Cosmos and Binance Chain assets including:
with many more to come.
Kava recently integrated IBC support, connecting the Kava Network with the $60B+ IBC ecosystem. The IBC connection creates several new onramps to Kava for users and brings a number of new assets onto the Kava chain. Kava currently has relayers active between Cosmos, Terra, Osmosis, Akash, and Sifchain, with more to be added in the future.
The upcoming Kava 10 upgrade will add the Ethereum Co-Chain to the Kava Network, establishing the co-chain architecture and unlocking EVM support. The current Kava blockchain will become the Cosmos Co-Chain, which will enable the network to be powered by the speed and security of the Tendermint Consensus Engine.
The $KAVA token is listed on Binance, Kraken, Huobi Global, Ascendex, and many other exchanges. Staking is available via the Trust Wallet, Kepler, and Cosmostation wallets.
The Kava Network is implementing a unique and transparent on-chain incentive model both in the buildup to the Kava 10 mainnet upgrade and beyond.
The Kava Pioneer program will distribute KAVA incentives in a time-weighted model between protocols that deploy to the Ethereum Co-Chain during the Alpha and Beta releases of the Kava Network.
Post-launch, significant annualized distributions will be distributed from the KavaDAO for open and fair on-chain developer incentives on both co-chains, with distinct implementations for the DeFi and MetaFi verticals.
Kava community statistics:
- Twitter Followers (@kava_platform): 149K+
- Telegram Members: 19K+
Learn more about the Kava Network: https://www.kava.io/