Kava is a cross-chain DeFi platform that supports a variety of applications and services for cryptocurrency users. Kava's blockchain provides a secure and reliable environment for DeFi applications and services to run.
Kava is a layer 1 blockchain, It provides DeFi services for many crypto users of blockchain networks, such as staboins, bonds and loans. Kava uses tendermint-based Proof-of-stake (PoS) consensus, which provides Byzantine fault tolerance, instant finality, and security. By implementing multiple Cosmos SDK modules and more than 100 professional validators, Kava Blockchain ensures that users can safely use their digital assets to earn more.
Kava aims to provide the foundation for a wide range of open financial services, Includes Kava security, cross-chain Bridges, and adaptive prognosticators to allow developers to quickly create new cross-chain DeFi applications and deploy them to Kava's global user base. The Kava lending platform and the HARD Protocol, a native cross-chain money market application based on The Kava blockchain, have combined to create a decentralized bank for digital assets that connects users with products such as stablecoins, loans and interest-bearing accounts, allowing them to do more and earn more of their digital assets. There are three types of tokens in the Kava ecosystem: Kava token, USDX stablecoin and HARD token. Among them, Kava token is the native token of The Kava blockchain, integrating the security, governance and mechanical functions of the platform. Users can pledge their crypto assets in exchange for Kava's stablecoin USDX. The HARD token is the governance token of the HARD protocol and is used to motivate early participants to have a say in the continued development and management of the application.