Kava Coin is a decentralized financial platform built on the Cosmos blockchain. It allows users to lend, borrow, and trade assets, in addition to offering a wide range of financial services such as issuing stablecoins and earning interest.
How does Kava work?
Kava Coin uses smart contracts and decentralized oracles to create a secure and transparent environment for users to engage in financial activities. Users can lock assets as collateral to obtain loans, or they can stake their assets to generate passive income through staking.
The KAVA token
The native token of Kava Coin is KAVA. This token is used for various purposes within the ecosystem, such as paying fees, staking to help secure the network, and participating in governance decisions.
The technology behind KAVA.
Kava Coin is built on the Cosmos SDK and uses the Tendermint consensus engine. This allows it to process fast transactions with low costs while providing scalability and interoperability with other blockchains.
