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KAVA.io - https://www.kava.io/
With the recent surge in Cosmos it’s only a matter of time until projects built on Cosmos follow along. (Cosmos is one of the most undervalued projects out there)
What is Kava?: A Money Market to Lend, Borrow and Earn across the world’s largest Crypto assets.
- Self-Issued Loans: Users can instruct the platform to issue loans to themselves. Loans are issues as a stablecoin, USDX
- (Users lock collateral and create a CDP (Collateralized Debt position), Users create Stablecoins/USDX based on CDP Value.
- Similar to Maker, however KAVA can be staked in the network. Users earn fees when individuals close CDP’s.
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Why KAVA?
- Directly integrated with Exchanges – “Binance, Huobi and Bitmex” the savings products, and the lending products of Kava are directly available on those platforms
“any app where crypto is held, we can expand the custody of Bitcoin or XRP or Ethereum or whatever it might be with financial services to put that capital to work.”” CEO Brian Kerr
- Strong Leadership – CEO Brian Kerr
Kerr was the CEO of Fnatic Gear, a company that Forbes valued at $175 million, working with well-known gamers to make professional-grade Esports equipment
At Fnatic, Kerr helped build the team up from three to over 100 people and learned to run an international business with manufacturing in Asia and partnerships with gamers around the world
- Low Barriers to Entry – Kava has a vision of making DeFi “idiot proof” where currently
93% of crypto users do not hold their own keys, Kava looks to make DeFi more accessible to the average user that is intimidated by managing their own keys and wallets.
- Ambitious Partnership Targets- Kava is looking to “meet users in the venues that they’re at” – looking to target individuals utilizing exchange onramps like Coinbase. Kava has its eyes on future partnerships with Paypal and Fidelity.
- Upcoming Catalysts: Kava 8 launched AUG 30th. Q3 Ethereum Bridge, Q3 Creation and tokenization of Robo-Advisor App, Q4 Bitcoin Bridge, September passed over 2 Billion Assets under Mgt. Assets under management greatly exceeds market cap.
Data: Circulating Supply - 91,443,180 - Total Supply: 144,583,932 Market Cap - $572,500,50$
7D: $6.10 TO $6.24 – 1M - $6.60 to 6.24 - 3M - $4.20 TO $6.24
*not financial advise, rather the delusional ramblings of a madman
