Network

【Network Introduction】KAVA

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Basic Information

Established Time: 2018–01–01

Issue Time: 2019–10–16

Country: USA

Coin: KAVA

Market Value: US$728,946,411

Current Price: $4.44

Raise Situation:

A total of 40% of the supply tokens have been sold in three private placements (total value has not been disclosed):

Private placement price (first round): $0.075 USD / KAVA

Private placement price (2nd round): $0.25 USD / KAVA

Private placement price (third round): $0.40 USD / KAVA

The public sale has sold 6.52% of the tokens on Binance Launchpad, raising around $3 million foundations.

Public sale price: $0.46 USD / KAVA

Circulating Supply: US$736092579.48

Total Supply: 165,786,617.00 KAVA

Max Supply:

Initial estimated total issuance: 100,000,000 KAVA

Total current issuance: 173,277,774 KAVA

All-Time High

US$9.12 Aug 30, 2021

All-Time Low

US$0.287137 Mar 13, 2020

Network Detail

Products

  • Brief Introducation

Kava is a cross-chain decentralized financial platform that provides mortgage loans and stable currency services for mainstream digital assets like BTC, XRP, BNB, ATOM, etc.

  • Twitter

https://twitter.com/kava_labs

  • Network Description

Kava is a Layer 1 DeFi hub where developers can leverage Kava’s security, cross-chain bridges and adapted Chainlink oracles to quickly create new cross-chain DeFi applications and deploy them to Kava’s global user base.

Kava is built on the Cosmos SDK and runs on a Tendermint-based Proof of Stake (PoS) consensus mechanism. On the application side, Kava has created two applications, the lending platform CDP and the cross-chain currency market HARD Protocol, providing users stable coins, loans and interest-bearing accounts, allowing them to use digital assets to obtain more usage scenarios and value.

The Kava ecosystem has three tokens, KAVA, USDX(stablecoin) and HARD.

  • KAVA is the native token of the Kava Network which is indispensable in the security, governance and mechanical functions of the whole system.
  • Users can pledge their crypto assets in exchange for Kava’s stable currency USDX.
  • HARD is the governance token of HARD Protocol, Kave team used it to incentivize early participants to participate in the continuous development and management of the product.

Feature

Deflationary Inflation Mechanism of KAVA Tokens

  • Inflation Mechanism

Kava will inflate its native token KAVA according to the pledge ratio of the entire network (aim to motivate ⅔ KAVA of total supply to be lock-up-staked) .The target inflation rate is 7%, and the inflation ratio varies between 7% and 20%: if only a few KAVA are used as collateral, the inflation rate will reach as high as 20%; but once the staking ratio exceeds ⅔, the inflation ratio will gradually decrease to 3%. The number of new-block-generated-Kava is floating, which depends on the ratio of the amount of tokens that have entered the Kava network for lock-up staking.

  • Deflationary Mechanism

The total amount of KAVA is gradually decreasing, because KAVA needs to be paid when closing CDP, and the paid KAVA will be automatically destroyed.

The total amount of KAVA depends on the strength of inflation and deflation. If the number of locked positions increases, the inflation of KAVA will decrease, and the number of people using CPD will also increase, which will cause the deflation to be further stimulated and further benefit the price of KAVA, the KAVA ecology will enter an upward spiral by which. But on the contrary, it will enter a downward spiral.

KAVA Network 9 will connect with IBC (2022.1) to support cosmos multi-currency staking

The biggest highlight of the upgrading of Kava Network 9 is that the upgraded Kava will be officially integrated with IBC ( a famous blockchain communication protocol). This will bring two positive major impacts on Kava Network:

In view of the cross-chain structure of IBC, Kava’s own stablecoin USDX will be able to enter Ethereum’s DeFi Ecosystem through IBC-tech, and finally help to achieve more application scenarios, like being the settlement unit of the decentralized exchange.

Kava’s token economy will be more stable because this upgrade will enable all projects & communities that support IBC to integrate with the Kava Network. For projects, multiple functional scenarios in the Kava cross-chain DeFi ecosystem will be obtained; and for Kava, this upgrade will greatly improve its ecological inclusiveness.

The upgrading of Kava Network 9 also includes the completion of the infrastructure of the Ethereum cross-chain bridge,the Kava Launchpad, and the support of the Keplr wallet, etc., which provide the foundation for the subsequent growth of the Kava Ecosystem.

2022.5, the full launch of the Kava Network 10 means that KAVA will have a joint-chain architecture of Ethereum & Cosmos.

This upgrade unlocks the ability for developers to build within the EVM and Cosmos SDK execution environments, with seamless interoperability between the two, and connecting the two largest decentralized ecosystems in global blockchain (Ethereum and Cosmos).

  • Network Status

Mintscan – Chain explorer by COSMOSTATION

Cosmos chain explorer powered by Cosmostation, Block explorer for Cosmos-SDK based networks made with love &…

www.mintscan.io

  • Roadmap

KAVA Token was issued on October 16, 2019, with a price of $0.46 as the initial issue price, the return on investment reached 1610.24%. KAVA’s all-time high price was $9.1532 (which appeared on August 30, 2021), while the all-time low price was $0.2879.

The Kava mainnet went live on November 14, 2019.

Kava’s stablecoin minting protocol Kava CDP (now renamed Kava Mint) was officially launched in June 2020 , which allows users to stake assets such as BNB to mint Kava’s native decentralized stablecoin USDX.

In the fourth mainnet upgrade (October 2020), Kava simultaneously launched the v1 version of its lending market http://Harvest.io (renamed HARD Protocol and now Kava Lend again), allowing users to deposit ecological assets like BTC, XRP, BNB, BUSD, USDX and others .

In the fifth upgrade of the mainnet (May 2021), Kava activated the v2 version of HARD Protocol, unlocked the borrowing function of the lending market, and realized the automatic adjustment of floating interest rates between borrowing and lending.

​Kava launched its AMM-type decentralized exchange Kava Swap in the eighth mainnet upgrade (August 2021), allowing users to seamlessly trade various assets on different blockchains, or provide liquidity to earn transaction fees and additional rewards.

KAVA9 opened the testnet ‘The Loan Wars’ On December 19, 2021.

2022.1.10, the price of a single KAVA is 4.5 US dollars, and the total market value of Kava Network is $660 million. Its market value is neither low nor high in the long run. However, its token’s deflation and inflation mechanism seems very sustainable.

Kava Network 9 connected with IBC to support cosmos multi-currency staking on 2022.1.10.

Kava Pioneer (Pioneer Program) was launched on 2022.2.7. The Kava Pioneer Program is the first of three unique incentive programs, which was designed to drive the rapid growth of the Kava Network ahead of the mainnet launch. And as part of the Ethereum Co-Chain Alpha, 100,000 KAVA was decided to be shared among protocols deployed to the Kava network. Protocols that were deployed first would receive a larger share of the incentive.

The Kava Foundation officially confirmed that it will launch the $750 million developer incentive program ‘Kava Rise’ on March 4, 2022, which aims to continue to bring the most innovative developers in the DeFi, GameFi and NFT verticals into the Kava Network. This initiative will kick off with the Kava10 upgrade, which will launch the Ethereum & Cosmos joint chain on the mainnet and enable developers to deploy live versions of Ethereum and CosmosSDK-based dApps on the Kava network. The program will reward top projects with 200 million KAVA over 4 years (split between the two chains). Rewards will be granted transparently on-chain based on usage.

More development plans for 2022 can be checked here:https://www.kava.io/roadmap

  • Staking Pool

Mintscan – Chain explorer by COSMOSTATION

Cosmos chain explorer powered by Cosmostation, Block explorer for Cosmos-SDK based networks made with love &…

www.mintscan.io

Team

  • LinkedIn Home

https://www.linkedin.com/company/kava-labs/

Currently Kava Team has 45 employees:

https://www.linkedin.com/search/results/people/?currentCompany=%5B%2233233142%22%5D&origin=COMPANY_PAGE_CANNED_SEARCH&sid=krO

  • Main office location

Kava Labs Headquarters,Incline Village, Nevada 89451, US

  • Main office mode:remote distributed office
  • Four open positions:
  • Key Members

https://icobench.com/ico/kava/team

Funding

  • Investment Agency

https://www.crunchbase.com/organization/kava-labs/company_financials

Kava Labs is funded by 13 investors. yield ventures and Hashkey are the most recent investors.

  • Financing Details

Angel round financing details:

https://www.crunchbase.com/organization/kava-labs/company_financials

Kava Labs has raised a total of $1.2M in funding over 5 rounds. Their latest funding was raised on Jul 29, 2019 from a Venture — Series Unknown round.

  • Token Sold (KAVA)

The KAVA tokens were first launched in 2019 after multiple private sales and Binance Launchpad Initial Exchange Offerings (IEOs). 40% KAVA of total supply were sold to private sale investors, while 6.52% were sold on Binance Launchpad (has raised around $3 million).

Private placement price (first round): $0.075 USD / KAVA

Private placement price (2nd round): $0.25 USD / KAVA

Private placement price (third round): $0.40 USD / KAVA

Public sale price: $0.46 USD / KAVA

Technolgy

  • Code

GitHub:https://github.com/kava-labs

Repositories:68

Officially certified submitter:6

Submit language:Go JavaScript TypeScript Vue Shell

Cumulative submitted code:https://github.com/Kava-Labs/kava/graphs/commit-activity

Total number of contributors:https://github.com/Kava-Labs/kava/graphs/contributors

  • Tech Advantages

Kava will launch the Ethereum & Cosmos joint chain on its Mainnet 10 and enable developers to deploy live versions of Ethereum and Cosmos SDK based dApps on the Kava network.

Ecosystem

  • Dapp

https://app.kava.io/balances

Application 1: Kava Mint

Kava CDP has changed its name to Kava Mint, allowing users to use their holdings as collateral for stablecoin USDX loans. This application is governed by KAVA tokens.

Application 2: Kava Lend

The HARD product has changed its name to Kava Lend, enabling users to supply and lend assets from the money market for rewards. This application is governed by HARD tokens.

Application 3: Kava Swap

The Kava Swap product name remains unchanged, supports users to buy and sell tokens on the Kava chain, and provides liquidity to liquidity pools based on autonomous market-making services. This application is governed by SWP tokens.

Connections between Applications

Users can recharge assets to the Kava chain;

Lock the asset in Kava Mint as collateral and lend USDX;

Supply the loaned USDX to Kava Lend for KAVA and HARD rewards;

Delegate locked KAVA rewards to validators for staking to obtain liquidity staking rewards;

Lend assets like BTC from Kava Lend and add to the Kava Swap liquidity pool for SWP rewards.

  • Partership

https://www.kava.io/ecosystem

  • Infrastructure: Cosmos SDK, IBC Protocol, Chainlink, Akash
  • Cross-Chain: Cosmos, Ethereum, Binance, Bitcoin Bridge, Celer Network, Nervos, Hummingbot
  • DeFi: Kava Mint, Kava Lend, Kava Swap, Money.Space, Elfin Kindom, Formation.Fi
  • Wallets:Ledger, Trust Wallet, Keplr, Binance Chain, Cosmostation
  • Insurance: Certik, Kava Dao
  • Exchanges: Binance, Kraken, Huobi, Kucoin, Crypto.com, Gate.io,ZB, AscendEX,MEXC
  • Analytics: Coinmarketcap, Defi Llama, Mint Scan, Map of Zones

Economic Model

  • Distribution-KAVA

Shareholders: 25%

Ecological Fund: 28.48%

Private placement: 40%

IEO: 6.52

  • Token Functions -KAVA

Pay CDP fees.

Users need to first generate USDX through mainstream cryptocurrency mortgages. When users return USDX back, they need to close CDP manually, and the handling fee (generated by closing CDP) is paid by KAVA.

Pay the transfer fee.

Mutual transfer between KAVA ecological users needs to consume KAVA as a handling fee.

Commission for Validation nodes.

KAVA holders can delegate KAVA to validators for staking to obtain benefits. This delegation mechanism is the same as Cosmos Network, which is built to keep the network safe. The larger the proportion of KAVA involved in staking, the more secure the Kava network will be. Only those who participate in staking KAVA will receive rewards generated by new blocks. In Kava Network, the new block will be validated by the former top 100 staking nodes. These validators will be rewarded with transaction fees paid by KAVA. In other words, whoever stakes more KAVA will have more chances to receive validator commission rewards.

Community Governance.

Token holders can obtain voting rights by staking their KAVA, and then participate in on-chain governance, making various suggestions for the future development of the community.

  • Token Release

Validator

Official Docs Description

The top 100 holding addresses can become its validators: https://docs.kava.io/docs/intro

As of 2022–3–28, the last verified number of Kava coins is 7072 (US$4.44/KAVA). https://www.mintscan.io/kava/validators

  • Validator Docs

Run Validator Node

Kava-9 Validator Guide

  • Reference

https://medium.com/kava-labs/search?q=validator

Related Article

Media News-Recent News & Activity

https://www.crunchbase.com/organization/kava-labs/signals_and_news/timeline

Research

Kava Review: DeFi For Crypto & Cross Chain CDP Platform — 2019–12–31

___________________________________________________________________

About BlockPower

Our Staking Services

Why Choose Us to Manage Your Assets

  1. We have started 7/24 staking services since 2018, and have managed over $100 million assets.
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