What is Kava?
Kava is an open-source decentralized digital resource platform. The KAVA platform was launched in 2018 with the main goal of being one of the best decentralized lending platforms. Kava is built on the Cosmos blockchain and relies on the Collateralized Trading Positions (CDP) system, which ensures that stablecoin loans are sufficiently collateralized in all cases. This platform has two tokens: the stablecoin USDX, pegged to the USD being an algorithmically backed stable coin, secured by a pledge of crypto-assets. As well as its own service token KAVA, which acts as a control and staking function, responsible for network security and voting on key parameters. The platform is supported by more than 100 business entities worldwide, including well-known crypto funds and large crypto projects such as Ripple and Cosmos.Kava Website