When it comes to new-age cryptos that are starting to engage in the financial world, it is Kava that is aiming to kick things up a notch.

This unique project is power-packed with unique features that are appealing to those who want something engaging and rewarding.

Here is an in-depth look at what Kava is all about and how to get your hands on the tokens.

What Is Kava?

The general premise of Kava is to help with financial processes such as providing collateralized loans in the form of various cryptocurrencies.

Kava is designed as a comprehensive cross-chain platform, which makes it ideal for handling these types of loans. It is often compared to what Maker DAO has to offer on a grander scale. Maker DAO is all about ETH-related tokens, while Kava looks to expand past these projects to other cryptos.

This is a platform that has been appreciated by experts due to its attention to detail and commitment to excellence. The project is backed by some of the biggest names in the financial world and is continually growing its worth in the industry.

In general, Kava is all about using a stablecoin that has collateral in place with the help of a crypto asset. This includes a separate staking token that is known as KAVA, which is then used to protect the integrity of the blockchain through balanced governance.

Kava is all about using Interledger as a way to help connect and/or interlink different blockchain networks. This ensures it is easy to back different networks without compromising their structural integrity. All a person needs is a wallet and they can send payments "cross-chain" without a problem to complete the swap as intended.

It is a project that is designed to make it easier for exchanges as well. Users can take advantage of Kava knowing they will have control over their blockchain assets even when they are going through an exchange. This is what makes the project exciting.

Being able to complete this type of swap without having to rely on third-party options is a gamechanger. This is where Kava stands out as a legitimate option for those who want to complete quick swaps on exchanges even when dealing with different blockchains.

Kava has a separate stablecoin that is going to be backed by Ripple. This is going to be utilized for handling all debt positions that are provided by Kava. This is similar to what Maker DAO has to offer as it focuses on locking the cryptos using the collateralized debt positions.

What Makes Kava Exciting?

When it comes to assessing the tangible value of Kava, it is important to recognize how it is set up. The entire premise of the cross-chain solution is to make it easier than ever before to complete swaps instantly.

This is a good time-saver for those who are going to be completing multiple transactions and want a legitimate solution that is backed by collateralized debt positions. This is what you are going to get due to the Interledger setup as a user. This makes it a seamless process to swap between tokens without missing a beat.

Kava is also noted for offering a complete stablecoin that works well when pushed through the network. This makes it easier to complete the swap and still have something tangible in your hand before the swap goes through. This is something that Maker Dao does well and it is what Kava is bringing to different blockchains around the world.

This is a project that continues to push forward with DeFi solutions in mind. This is great when transacting different assets, which can occur in the world of DeFi.

Being able to rely on the multi-chain framework is great for users because the funds will be readily available throughout the day. This is good as it makes it easier to swap tokens and know there are backed assets in place acting as a safety net. Kava also markets itself as being able to offer a complete user-friendly interface that is easy to appreciate and works well in all situations.

The Kava Token & Governance Model

One of the key details to assess is the token and its governance model when it comes to Kava.

This project has a token that goes by the name KAVA and it is used to support the blockchain project. There are 100 million KAVA tokens that are minted with the genesis block. There are two reasons for the KAVA token being available to users, which include governance and/or staking.

This is a must because it helps validate specific transactions that are being pushed through the blockchain at any given moment.

When it comes to governance, KAVA has a specialized setup in place where KAVA holders get the opportunity to vote on different proposals to upgrade or change the blockchain. This includes things such as the collateralized debt positions, collateral-to-debt ratio, and/or the total amount of USDX available.

KAVA also offers a tendermint consensus mechanism. This is where users can stake tokens to earn rewards in the form of additional tokens. This is good as it allows users to delegate their voting rights to specific validators. By doing this, the network is decentralized and can have the responsibility spread to different validators.

When it comes to the staking rewards, it is going to vary depending on the number of KAVA tokens that are being staked in the wallet. This amount can go all the way up to 20% depending on the amount being staked. If there are a lot of users staking for rewards, the amount goes down to 3%.

It is important to remember, validators do get the ability to charge additional commission for their resources and time. This is a cost that is then added to those who are staking.

When it comes to validating, it is possible to go through the Binance Exchange. This is a pool that has a higher APR, which can come out to be approximately 14-16%.

Who Is On The Kava Team?

To better understand what Kava is all about, it's important to dig deeper into its history.

The team that is behind this fascinating project started back in 2017 with a vision to create a complete cross-chain solution. There were changes made over time but most of the founders are still on the team to this day.

Brian Kerr is the CEO of Kava and is also one of the founders. He earned his degree in Business Administration from San Francisco State University before starting Fnatic Gear, which was a company built around the idea of eSports hardware.

Over time, Brian Kerr has taken the opportunity to branch off to different projects including Kava. This includes projects such as DMarket.io, which is a digital asset marketplace that is built on a decentralized blockchain.

Along with Brian Kerr, the team is also home to its second founder in the form of Ruaridh O'Donnell. He has a degree in Physics from the University of Glasgow, which was earned in 2015. He spent quite a bit of time as an engineer at Leveworks before coming to Kava.

Kava has a team that is all about sharing information with the community and that has been a big part of what makes it special. The Telegram group is filled with key information and continues to offer high-level updates users can keep track of.

Who Funds Kava?

Funding has always been essential in understanding which players back the project.

In the case of Kava, it is backed by quite a few big names in the financial and cryptocurrency industry. This includes names such as Ripple, Cosmos, and Arlington Capital.

Want to get started with Kava?

Kava is listed on Binance and has substantial value on the exchange for those who want to get their hands on some. It is also possible to complete the transaction using Bilaxy if you desire.

The goal is to make sure you are exchanging other tokens for Kava to begin joining in on the fun. You have to remember, Binance will allow you to trade bitcoin, USDT, and/or Binance Coin for Kava. While Bilaxy is only going to allow Tether.

If you are thinking about joining in on the fun, you will want to get your hands on these tokens and then begin staking them in your wallet. There is a Trust Wallet integration that is being worked on and a lot of effort is being made to ensure Kava works well.

For now, you are more than welcome to go with any wallet that accepts ATOM. KAVA tokens can be stored in these wallets without a hitch.

You will also have the opportunity to go through Cosmostation and/or Lunie to begin delegating your KAVA. By doing this, you are going to be well on your way to staking for rewards. It is best to get started down this route as you join the Kava network.

The process is simple, easy to understand, and quick.

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