KUALA LUMPUR, AscendEX, a global digital asset trading platform announced the listing of the Kava Swap token (SWP) under the pair USDT/SWP on Sept 1.
According to a statement, Kava is focused on democratising financial services and making them openly accessible to anyone, anywhere in the world.
Kava Chain is a decentralised, permissionless, censorship-resistant blockchain built with the Cosmos SDK. This means it operates much like other Cosmos ecosystem blockchains, and is designed to be interoperable with other chains.
Kava.io is the first cross-chain Decentralized Finance (DeFi) hub providing applications and services to the world’s largest cryptocurrencies.
Kava’s platform operates as a decentralised bank for digital assets connecting users with products like stablecoins, loans, and interest-bearing accounts so that they can do more and earn more with their digital assets.
The native swap token (SWP), launched Aug 30, allows users to swap and engage with multiple assets across different chains.
Kava Swap is a cross-chain liquidity hub for all DeFi apps and financial services. Its purpose is to enable the aggregation of capital where it can then be deployed seamlessly across different blockchain ecosystems, DeFi apps, and financial services.
The Kava Protocol is the set of rules and behaviours built into the Kava Chain that enables advanced DeFi functionality like permissionless borrowing and lending.
The Kava Chain is secured by its native token KAVA and is used across the full chain as a transport and store of value. It is given as a reward for minting USDX on the Kava app. USDX is a stable coin loosely pegged to the US Dollar.
Source: BERNAMA News Agency