What is the purpose of Kava?

Kava is a decentralized DeFi platform built on the Cosmos Network.

It is designed to provide users with access to a wide range of financial services, including lending, borrowing, staking, and trading. Kava’s mission is to create an open financial system that is accessible to everyone. Kava's purpose is to provide users with access to a wide range of financial services in a secure and trustless manner.

The platform leverages the Cosmos Network’s Tendermint consensus engine and Inter-Blockchain Communication (IBC) protocol to enable cross-chain interoperability between different blockchains. This allows users to move assets between different blockchains without having to trust any third party. Kava also provides users with access to DeFi applications such as lending, borrowing, staking, and trading.

These applications are powered by Kava’s native token (KAVA), which serves as collateral for loans and can be used for staking rewards. Kava also offers a range of other features such as margin trading, yield farming, and liquidity mining. In addition, Kava has partnered with major exchanges such as Binance and OKEx in order to provide users with access to liquidity pools for their assets.

This allows users to easily trade their assets on these exchanges without having to worry about liquidity issues or slippage. Overall, Kava’s purpose is to create an open financial system that is accessible to everyone by providing users with access to a wide range of financial services in a secure and trustless manner.