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Do you know Kava?

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Kava

Every second the Decentralized Finance or 'DeFi' market generates more followers within the cryptosphere, judging by the high investments that this type of platforms produce. Projects such as Maker, Polkadots or Compound have attracted the funds of many investors from all over the world, making DeFi a proposal that cannot be categorized in any other way but as a revolution.

Obviously people need to make use of more friendly, independent and accessible financial services, whose use is highly accessible under the leadership of Blockchain technology, a situation that makes us think that this type of business will be universally adopted in the coming years.

Faced with such attraction of a good part of crypto-investors towards DeFi, Kava arises as a cross-chain lending platform, developed to offer the community collateral in Binance Coin (BNB) as well as loans in the USDX stablecoin. Kava is the meeting point for the DeFi world on the Binance platform, which is the largest crypto exchange in the world. Kava also provides loans in various crypto assets, such as Bitcoin, Ripple, Ethereum and others.

Kava is a project based in Silicon Valley and backed by Venture Capital, a company with 17 years of experience in software development, in fact many technology experts compare it with Uber for its successful system, placing this platform at the same level of the famous DeFi Marker or Compound.

One of the advantages of Kava lies in the fact that unlike the main DeFi platforms this one does not operate on the Ethereum network, so it adopted its own Blockchain lending platform that presents itself with solidity, making it possible to offer quality financial services to users of the main cryptocurrencies.

Necessary to say that Kava has had a good reception in DeFi world accumulating a figure of more than USD $ 40 million capitalization, also its token presents an average accumulation of USD $ 15 million weekly in recent months, thanks to its ability to exchange cryptocurrencies from more than ten cryptoexchanges.

As for the financial backing Kava has received, the long list of investors, partners and validators includes Lemniscap, Arrington XRP Capital, Binance, Huobi, Okex, Cosmos, Ripple and Greg Kidd's Hard Yaka fund, a serial investor with ties to Coinbase, Square, Twitter and Ripple. Robert Leshner, CEO of Compound, is also an investor in Kava.

As always it is necessary to caution that the information described here does not in any way represent any form of recommendation or advice from me to the Hive community, so it is advisable for those interested in Kava to do their own research before investing in the project.

Posted Using LeoFinance Beta