KAVA Is About To Break Open The World Of Multi-Chain Decentralized Finance

KAVA is one of my favorite DEX & DeFi coins. In fact, KAVA is attempting to shake up the decentralized finance space as it is actually about to break open the world of multi-chain decentralized finance. But the competition in the DeFi space is big, so the question is if KAVA has a chance.

What Is KAVA?
Kava is basically a multi-chain Maker DAO. It offers to give collateralized decentralized loans with stable coins to users of major crypto assets like Bitcoin, Ripple, Cosmos, BNB, and others.

Kava is actually about to break open the world of multi-chain decentralized finance as Kava`s lending platform is compatible with several crypto assets. The first two chains for Kava are Cosmos and Binance.

Multi asset first. Kava is built from the ground up to let you leverage the assets you want.

Through Kava, you can leverage assets with Kava`s CDP (Collateral Debt Position Platform). A collateral debt position is basically a smart contract that holds the cryptocurrency debt and adjusts based on redemptions or issuance. Unlike other Decentralized Finance platforms that require collateral in one or two cryptocurrencies, The Kava platform currently supports four. This makes it much easier for a user to take out a loan.

These major cryptocurrencies also provide access to leverage loans and stable coins that users may want for hedging. Additionally, KAVA allows users to hedge with interests. KAVA is using its own USDX stable coin which can be bonded. This provides USDX holders with a yield.

Last but not least, KAVA has the capability to grow and support a wide variety of new crypto assets like derivates as well as new synthetics.