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Kava KAVA |
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£0.3397444 |
-0.99% (24h) |
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Marketcap |
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£367,893,427 |
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Volume 24h |
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£6,231,697 |
Description
Kava (KAVA) is a decentralized finance (DeFi) platform that offers a range of financial services, including lending, borrowing, and stablecoins.
Launched in 2019, Kava supports cross-chain assets and uses a collateralized debt position (CDP) system to manage loans and maintain the stability of its USDX stablecoin.
KAVA, the platform's native token, is used for governance, staking, and as a reserve currency.
Kava aims to provide a secure and scalable platform for DeFi applications, offering users the ability to earn high yields on their crypto assets.