Kava Kava 10 Upgrade Launch

<p>Kava is an open sourced, cross-chain, decentralised lending platform that runs on the Cosmos blockchain. The Cosmos ecosystem, referred to as the internet of blockchains, is a decentralised network of scalable and interoperable blockchains each with an independent governance structure. Interoperability is achieved through inter blockchain communications protocol (IBC) and is the key to simplify the access and interaction of a wide range of blockchain-enabled products and services. The ecosystem has and is still growing at a remarkable rate - attracting an impressive amount of attention in the crypto space. However, it still has some distance to cover in order to catch up with Ethereum in terms of attracting developers and the amount of applications it supports.<br><br>The Kava 10 upgrade brings a unique co-chain architecture that combines Ethereum and Cosmos into a single, scalable network.<br><br>Ethereum is massive. It is the 2nd blockchain in terms of market cap and has arguably the largest user and developer community and the most applications of all networks, but such popularity has also led to congestion. The resulting high transaction fees became an issue that could stall the growth of the ecosystem leading to the rise of layer 2 solutions to solve these inherent scalability issues. Ethereum also certainly loses the comparison with the Cosmos ecosystem in terms of interoperability, requiring cross-chain bridges to achieve this feature. Nevertheless, the utility of <a href="https://ethereum.org/en/developers/docs/evm/?ref=p2p.org">EVM smart contracts</a> and a vast and established community of Solidity developers bring great value to Ethereum.<br><br>Kava 10 brings together the best of both worlds (representing a combined market cap of 300B USD and a large user base), serving as a IBC-compatible EVM-based chain where users will now have all the desired utility and features of Ethereum while benefiting from the fast finality and high-throughput of Tendermint PoS implementation. What's more, Cosmos and Ethereum users will soon be able to transfer this value amongst and between both ecosystems using IBC and emerging bridge projects.<br><br>This is provided by the new co-chain architecture of Kava 10. The existing Kava chain was transformed into the Cosmos co-chain, while a new Ethereum co-chain was introduced. They are linked by a translator module and are secured by a common Tendermint consensus engine. Such architecture enables users to work seamlessly with both environments at the same time.  </p><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/9fabfef84btmAYt-3-J__yFhFcWroWs9V-4uZB-JE33jHiT6KstcIM2RYBujXB6oB853MjqtE9b-JhYLQjFvk0PvEs7v3a_xkV1Jqbwfmzx1BB3JTx5HHZsCS4jZNvfzVg40-4TL0xsKZlt_3Q" class="kg-image" alt loading="lazy"></figure><h3 id="what-features-does-kava-10-bring"><strong>What features does KAVA 10 bring?</strong></h3><p>The ability to use Ethereum Dapps on alternative blockchains is on the rise. Moonbeam, Evmos, and others have already created their EVM to take advantage of the opportunity. Now comes Kava. <br><br>With the Kava 10 launch, the opportunities for both developers and users have just expanded massively. The main feature allows users to wrap and unwrap $KAVA as an ERC-20 token on metamask, making it usable across multiple apps on the ETH ecosystem. This is a huge step in bridging the Cosmos and Ethereum ecosystems together. Kava 10 turns on the Kava Network’s Ethereum Virtual Machine (EVM), which brings a big boost to DeFi protocols through access to various Automated Market Maker (AMM) smart contracts, oracles, subgraph indexing powered by The Graph and more.<br><br>With the launch of the Ethereum Bridge, projected to be released in Q4 2022 users and developers will be able to wrap IBC assets as ERC-20 tokens on the Ethereum chain while Ethereum and ERC-20 tokens can be wrapped on the Cosmos chain to be used across both DeFi ecosystems. This expands the opportunities and amount of incentives that can be provided which benefits both users and the protocols.<br><br>This upgrade comes in the wake of the Kava Pioneer Program, which has recently concluded with the goal of developing the Kava ecosystem, rewarding both projects and developers that contributed to it. With KAVA now available on the Ethereum network, the goal is to make KAVA adoption more mainstream. The Pioneer program is now followed by Kava Rise - a $750M developers rewards program. It is funded by 80% out of a 100% inflation which has been turned on for a year’s period in March 2022 - a great sign of the project’s commitment to support growth and development based on the new co-chain architecture. Coupled with the launch of the Ethereum bridge later this year, the growth instigated by the Pioneer &amp; Rise programs is expected to continue for the Kava ecosystem.</p><h3 id="conclusion"><strong>Conclusion </strong></h3><p>What Ethereum lacks Cosmos delivers. With Kava 10, developers can easily build on a network where its users will not suffer from high fees and slow throughput. In the end, this upgrade is a step forward towards a multi-chain future where multiple networks can coexist and benefit each other serving various needs.<br></p><h3 id="kava-special-offerfree-staking-for-3-months"><strong>KAVA special offer - free staking for 3 months!</strong></h3><p>To celebrate the Kava 10 launch we have decided to create a special offer for<a href="https://twitter.com/search?q=%24KAVA&src=cashtag_click&ref=p2p.org"> KAVA</a> holders! Stake 50 000+ KAVA to receive 100% cashback on our commission for three months as well as individual client support with custom reporting! To get started - fill in our <a href="https://p2p.org/networks/kava?ref=p2p.org">special form</a> or get in touch with our business development manager on <a href="https://t.me/shmemand?ref=p2p.org">Telegram directly</a>. We will provide you with everything you need to get started!<br><br><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading staking provider with the best industry security  practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high class staking opportunities. At the time of the latest update, more than 2.9 billion USD value is staked with P2P Validator by over 25,000 delegators across 25+ networks.<br></p>

Admin

from p2p validator

Cosmos, Staking, Kava, Terra, Regen Lost in Cosmos explorers...

<p>Existing Cosmos explorers show limited information. In some cases, reward withdrawal happens not only by initiating <code>withdraw</code> transaction and there are unobvious events, which cause that action. We have added these hidden events to P2P Dashboard, <strong><strong>implemented full reward history across all Cosmos Hub versions and opened it for community</strong></strong>. Below, I will walk through the topic in detail with examples.</p><h3 id="transparency-limit"><strong>Transparency limit</strong></h3><p>Every transaction that is recorded in non-private blockchain can easily be retrieved for analytical or other purposes providing clarity for end users. With such transparency everyone can get a trusted record of any event since the start of the network. But is it really an easy task for someone without deep knowledge in code and various API endpoints to get all the data they need?</p><p>You may argue that there are multiple explorers built for this purpose but each of them focuses on various goals and doesn’t give a complete picture of all events happening in a particular network. For an ordinary user like me, explorers act as a window in this magic world of blockchains and <strong><strong>our understanding is limited by the events various tools decide to display</strong></strong>.</p><p>Blockchains are still new and complex to understand. The increasing number of projects with a different logic and various triggers is aggravating. Transparency matters especially for financial transfers and events that can be used for accounting purposes. For example, in Proof-Of-Stake blockchains it can be a withdrawal of accumulated rewards.</p><p>A diversity of high-quality explorers is significant for building user commitment to the network and facilitating trust although more tools do not always result in better visibility. Some explorers focus more on usability, which is also very important but it still is not conductive to increasing transparency for users of the network.</p><h3 id="unobvious-events-in-tendermint-blockchains"><strong>Unobvious events in Tendermint blockchains</strong></h3><p>Let's take a look at the reward withdrawal process in Cosmos Hub. Surplus accumulates in a validator pool and can be withdrawn to the corresponding staking address manually. Basically, a delegator withdraws rewards at any point of time to receive them on address. Explorers show this operation with names like GetReward or Withdraw Reward. In fact that's not the only action that triggers reward withdrawal.</p><h4 id="example-27-03-2020-"><strong><strong><strong>Example</strong></strong> (27.03.2020)</strong></h4><p>Let's take a random account and check the information about its balance on<a href="https://www.mintscan.io/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8?ref=p2p.org"> Mintscan</a> block explorer.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-5.png" class="kg-image" alt loading="lazy" width="1784" height="547" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-5.png 1600w, https://p2p.org/economy/content/images/2020/09/1-5.png 1784w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-8.png" class="kg-image" alt loading="lazy" width="1799" height="685" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-8.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-8.png 1600w, https://p2p.org/economy/content/images/2020/09/2-8.png 1799w" sizes="(min-width: 720px) 720px"></figure><p>If we calculate total balances using this transaction data we should get:</p><ul><li>Received: <em><em>484,7076 ATOM</em></em></li><li>Delegated: <em><em>474 ATOM</em></em></li><li><em><em>Tx Fees: 0,015 ATOM</em></em></li><li>Available: <strong><strong><em><em>10,692625 ATOM</em></em></strong></strong></li></ul><p>And here are values from<a href="https://www.mintscan.io/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8?ref=p2p.org"> Mintscan</a>:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-7.png" class="kg-image" alt loading="lazy" width="1890" height="532" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-7.png 1600w, https://p2p.org/economy/content/images/2020/09/3-7.png 1890w" sizes="(min-width: 720px) 720px"></figure><p>It is also true for the same address on <a href="https://cosmos.bigdipper.live/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8?ref=p2p.org">Forbole</a>:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-4.png" class="kg-image" alt loading="lazy" width="1889" height="570" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-4.png 1600w, https://p2p.org/economy/content/images/2020/09/4-4.png 1889w" sizes="(min-width: 720px) 720px"></figure><p>We see an additional 0,971002 ATOM on the available balance, but where did they come from if there was no withdraw transaction made by this account? Of course you may say it's even less than 1 ATOM who cares? But systems based on a code should not allow any mistake. So, is the displayed balance correct or wrong? Let's look into it.</p><p>In fact, the balance is correct. <strong><strong>There are hidden events that trigger reward withdrawal but are not displayed on most explorers</strong></strong>. These tools serve another purpose and these events do not correspond much to the observation of what is happening in general. Nevertheless, these triggers are still crucial for generating full withdrawal history and bringing clarity for delegators.</p><p>There are five core types of actions delegators usually perform:</p><ul><li>Delegate to a validator</li><li>Redelegate to another validator</li><li>Undelegate from a validator</li><li>Withdraw accumulated rewards</li><li>Send available tokens to another address</li></ul><p>The first four of them initiate reward withdrawal, which is usually not displayed for the first three actions by most explorers.</p><p>On P2P Dashboard you can check reward withdrawals related to the same address.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-4.png" class="kg-image" alt loading="lazy" width="1895" height="482" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-4.png 1600w, https://p2p.org/economy/content/images/2020/09/5-4.png 1895w" sizes="(min-width: 720px) 720px"></figure><p>In some cases, to apply updates of the network, validators stop producing blocks and upgrade node software. This process requires a transition to a new chain with a new genesis file that stores the actual state at the moment of chain halt. When the new chain becomes active what happens with accumulated rewards?</p><p>These rewards also become available, the transition to the new chain triggers withdrawal but the event is also hidden and not obvious to delegators.</p><h3 id="p2p-dashboard"><strong>P2P Dashboard</strong></h3><p>Every public network needs a variety of analytical tools to allow people without advanced technical skills to get information about what is going on from different angles. In Proof-Of-Stake blockchains a clear reward history and accessibility of historical data are especially important. <strong><strong>What if you need to prove received reward referring to a particular event that simply does not displayed by any explorer?</strong></strong></p><p>Thinking of that, we decided to conduct technical research to make all rewards and withdrawals together with corresponding messages accessible and transparent across all versions of Cosmos Hub.</p><blockquote><em><em>We have added ability to check all withdrawal events across all versions of Cosmos Hub on <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_dashboard_release#dashboard-block">P2P Dashboard</a> and made it open for community. In addition, any ATOM delegator can check all withdrawals, get full reward history and download a report in CSV for multiple addresses.</em></em></blockquote><p>To start, go to <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_dashboard_release">p2p.org</a> and click <code>Get started</code> button in the top right corner. Connect to the dashboard manually by entering the address or using your Ledger device.</p><hr><p><em><em>Want to stake with us? Alexey will be happy to help. Contact</em></em> <em><em>[email protected]</em></em> <em><em>to get personal assistance.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Stake ATOM with us:</strong></strong><a href="https://p2p.org/cosmos?ref=p2p.org"> https://p2p.org/cosmos</a></p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_dashboard_release"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a></p>

Alex Bondar

from p2p validator

Kava How to stake KAVA tokens using kvcli

<p><em><em>Staking will be available after a successful launch of Kava blockchain on mainnet. To use this guide you should have an existing account with KAVA tokens and connection to the node.</em></em></p><p>Requirements:</p><ul><li>Go 1.13+</li><li>Make</li><li>Ubuntu 18.04</li></ul><p><strong><strong>1) First you have to download Make and Go</strong></strong></p><p><em><em>-Download Make and other packets:</em></em></p><p><code>sudo apt install build-essential</code></p><p><em><em>-Download Go:</em></em></p><p><code>wget https://dl.google.com/go/go1.13.1.linux-amd64.tar.gz</code></p><p><code>sudo tar -C /usr/local -xzf go1.13.1.linux-amd64.tar.gz</code></p><p><code>mkdir -p ~/go/{bin,src,pkg}</code></p><p>For correct work of Go you will need to define environment variables</p><p>Execute following commands by rotation:</p><p><code>export PATH=$PATH:/usr/local/go/bin</code></p><p><code>export GOPATH=$HOME/go</code></p><p><code>export GOBIN=$GOPATH/bin</code></p><p><code>export PATH=$PATH:$GOBIN</code></p><p>For convenience add these strings to the current user profile. In Ubuntu it is: <code>~/.profile</code>. Execute <code>nano ~/.profile</code> and put strings from the previous step in the end of the file:</p><p><code>export PATH=$PATH:/usr/local/go/bin</code></p><p><code>export GOPATH=$HOME/go</code></p><p><code>export GOBIN=$GOPATH/bin</code></p><p><code>export PATH=$PATH:$GOBIN</code></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-8.png" class="kg-image" alt loading="lazy" width="1254" height="678" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-8.png 1000w, https://p2p.org/economy/content/images/2020/09/1-8.png 1254w" sizes="(min-width: 720px) 720px"></figure><p>After that execute: <code>source ~/.profile</code></p><p><strong><strong>2) Build Kava:</strong></strong></p><p>Go to the folder <code>cd ~/go/src/</code></p><p>Execute:</p><p><code>git clone https://github.com/kava-labs/kava</code></p><p><code>cd kava</code></p><p><code>git checkout tags/v0.3.1</code></p><p><code>make install</code></p><p>If everything went as it should in the folder <code>~/go/bin</code> appeared <code>- kvd</code> and <code>- kvcli</code> packets</p><p><strong><strong>3) Delegate KAVA tokens</strong></strong></p><p><em><em>In the following instruction all commands were sent from a network node in testnet and <code>chain id</code> and <code>validator address</code> values on screenshots differ from the mainnet values. The actual values provided below.</em></em></p><p>To make actions further you should have:</p><ul><li>Kava account</li><li>Active node (if you don't have you can use our node)</li></ul><p>Make sure that account exists and has a positive balance:</p><p><code>kvcli keys list</code></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-10.png" class="kg-image" alt loading="lazy" width="1259" height="535" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-10.png 1000w, https://p2p.org/economy/content/images/2020/09/2-10.png 1259w" sizes="(min-width: 720px) 720px"></figure><p><code>kvcli keys show &lt;your_key_name&gt;</code></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-9.png" class="kg-image" alt loading="lazy" width="1268" height="161" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-9.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-9.png 1000w, https://p2p.org/economy/content/images/2020/09/3-9.png 1268w" sizes="(min-width: 720px) 720px"></figure><p><code>kvcli query account &lt;your_address&gt; --chain-id kava-2</code></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-6.png" class="kg-image" alt loading="lazy" width="1255" height="563" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-6.png 1000w, https://p2p.org/economy/content/images/2020/09/4-6.png 1255w" sizes="(min-width: 720px) 720px"></figure><p><em><em>For assistance with command parameters you can execute <code>kvcli tx staking delegate --help</code></em></em></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-5.png" class="kg-image" alt loading="lazy" width="1257" height="688" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-5.png 1000w, https://p2p.org/economy/content/images/2020/09/5-5.png 1257w" sizes="(min-width: 720px) 720px"></figure><p><em><em>Important note</em></em>, delegation amount nominated in uKAVA. For instance, if you want to stake 100 KAVA you should enter 100000000 in the amount field. Read this chapter in full before choosing the command for your case.</p><p><em><em>P2P Validator address:</em></em> <strong><strong>kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg</strong></strong></p><p>Chain ID: <strong><strong>kava-2</strong></strong></p><p>If you have connection to the node, for delegation execute:</p><p><code>kvcli tx staking delegate kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg &lt;amount of KAVA you want to stake&gt;ukava --from &lt;address&gt; --chain-id kava-2</code></p><p>If you don't have connection to the node you can use ours. Execute:</p><p><code>kvcli tx staking delegate kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg &lt;amount of KAVA you want to stake&gt;ukava --from &lt;address&gt; --chain-id kava-2 --node tcp://95.216.184.50:26657</code></p><p>If you used ledger to generate keys add <code>--ledger</code> in the end of command. Execute:</p><p><code>kvcli tx staking delegate kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg &lt;amount of KAVA you want to stake&gt;ukava --from &lt;address&gt; --chain-id kava-2 --node tcp://95.216.184.50:26657 --ledger</code></p><p>Below is an example of the output you should get after successful delegation.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-2.png" class="kg-image" alt loading="lazy" width="1294" height="556" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-2.png 1000w, https://p2p.org/economy/content/images/2020/09/6-2.png 1294w" sizes="(min-width: 720px) 720px"></figure><p>If you have any questions or different operational system contact us at p2p.org or schedule a personal call with our development team to guide you through the whole process.</p><hr><p><em><em>If you have any questions feel free to contact us. We are always open for communication.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a></p><p><strong><strong>Stake KAVA with us:</strong></strong> <a href="https://p2p.org/kava?ref=p2p.org">https://p2p.org/kava</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/kava_p2p?ref=p2p.org">https://t.me/kava_p2p</a></p>

Alex Bondar

from p2p validator

Economy, Cosmos, Kava Kava - The first decentralized lending platform in Cosmos

<p>We live in a world of finance. Monetary incentives and market movements influence our daily decisions and define human lives in general. Under capitalism, the financial industry has become global expressing economic relations between people and institutions. Nowadays, existing wealth distribution mechanisms are inefficient and the economic environment is unstable. <em><em>A lack of trust become inevitable and we are moving into the new era of decentralized finance (DeFi).</em></em> Borderless, accessible and transparent interactions between participants without counterparties to transform old and inefficient financial instruments is the new paradigm of the trustless economy.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/T8DKKpE-1.png" class="kg-image" alt loading="lazy" width="2000" height="938" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/T8DKKpE-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/T8DKKpE-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/T8DKKpE-1.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/T8DKKpE-1.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Kava is the first decentralized bank in the <a href="https://p2p.org/economy/introduction-to-cosmos-economy">Cosmos ecosystem</a> bridging broad digital assets to DeFi. With interoperability in mind and solid team cross-chain expertise Kava blockchain will bring new markets to the Cosmos ecosystem providing users with the liquidity and the necessary fundamentals for DeFi applications and services.</p><h1 id="4-de-s-of-kava"><strong>4 "De-s" of Kava</strong></h1><p><strong><strong>1) De-centralized lending solution.</strong></strong> Any person can take a loan in a stablecoin collateralized with crypto assets. There is no third party involved and each person is self-responsible for managing debt and lends to himself. This allows people to release a portion of stacked liquidity from passively held digital assets and spend it on whatever they want.</p><p><strong><strong>2) De-centralized margin trading.</strong></strong> When users put crypto collateral to take a loan they can use it for doubling-down their long position in a particular asset. In this case, if the collateral value of the asset increases the user may get a higher profit.</p><p><strong><strong>3) De-centralized stablecoin.</strong></strong> Kava platform provides a mechanism to issue a stable digital currency through collateralized debt position (CDP). Stable digital currency maintains <code>1:1 peg</code> to <code>USD</code> playing role of a hedge against a bear market or a true mean of exchange without explicit volatility. It allows decentralized stablecoin to take part in broader financial applications like decentralized exchanges and financial marketplaces, creating a wide space for DeFi development.</p><p><strong><strong>4) De-centralized governance and ownership.</strong></strong> The most exciting part is that everyone can participate in the project's evolution and own a share of the network. All participants who stake native token <code>KAVA</code> will be rewarded for effective governance depending on transaction fees, total supply emission and repaid loan fees.</p><p>Cosmos ecosystem is designed with existing assets like <code>BTC</code> or <code>XRP</code> in mind. If we assume that just <code>1%</code> of <code>BTC</code> will take part in DeFi it will result in more than <code>1,5 billion USD</code> value injection also adding to a scarcity of <code>BTC</code> positively influencing the cryptocurrency market in general.</p><hr><p><em><em>In the next chapters we will dive deeper into details of Kava platform and cover staking benefits, CDP, existing risks associated with staking and other important topics.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a></p>

Alex Bondar

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