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DeFi-platform-Kava-launches-185-million-Ignition-Fund
Kava, the decentralized finance (DeFi) platform, is investing a huge amount of funding into its ecosystem expansion to make DeFi suitable for the general public.
The multi-channel DeFi platform announced on September 22 that it is embarking on the next phase of growth with the launch of the Kava ecosystem.
Kava is launching the $ 185 million Ignition Fund Using roundtable funding. It aims to integrate high-quality DeFi projects with this funding and adapt them to what they describe as the “coming wave of large DeFi users public”. Only three protocols are running on Kava. The hard protocol has a total value of $ 2.1 billion locked down with over 280,000 users and $ 1.8 billion in cross-chain transactions.
Kava allows its users to take loans by locking in collateral in exchange for USDX, a soft peg USD stablecoin. Running on the Cosmos blockchain, it processes transactions from other blockchains such as Bitcoin and Ethereum.
DeFi-platform-Kava-launches-185-million-Ignition-Fund
Kava, the decentralized finance (DeFi) platform, is investing a huge amount of funding into its ecosystem expansion to make DeFi suitable for the general public.
The multi-channel DeFi platform announced on September 22 that it is embarking on the next phase of growth with the launch of the Kava ecosystem.
Kava is launching the $ 185 million Ignition Fund Using roundtable funding. It aims to integrate high-quality DeFi projects with this funding and adapt them to what they describe as the “coming wave of large DeFi users public”. Only three protocols are running on Kava. The hard protocol has a total value of $ 2.1 billion locked down with over 280,000 users and $ 1.8 billion in cross-chain transactions.
Kava allows its users to take loans by locking in collateral in exchange for USDX, a soft peg USD stablecoin. Running on the Cosmos blockchain, it processes transactions from other blockchains such as Bitcoin and Ethereum.