The below Kava price chart tracks the price of Kava against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
✓DeFi for crypto
✓Collateralized crypto loans
Kava seeks to provide a decentralized money market platform - another competitor with uncapped potential in the revolutionary DeFi industry.
Backed by some of the biggest names in the cryptocurrency world, this blockchain project allows users to obtain loans by offering their supported cryptos as collateralized smart contracts and in turn receiving a stablecoin (USDX) amount dependent on the value of the crypto deposited. The users can unlock their collateral by repaying the principal debt with a “stability fee” and should they be unable to pay the debt, like the collateral will instantaneously be liquidated.
The Kava token itself possesses the functionalities of governance with respect to changes of parameters within the blockchain and staking rewards for validators operating in the network.
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