What are the fees associated with using Kava?
The fees associated with using Kava depend on the type of transaction being made.
For example, when users make a transfer of Kava coins, they will be charged a fee of 0.000375 KAVA per transaction. This fee is used to cover the cost of running the network and is paid to the validators who are responsible for verifying and processing transactions.
When users borrow or lend assets through Kava’s DeFi platform, they will be charged a variable interest rate based on the asset being borrowed or lent. This rate is determined by market forces and can change over time depending on supply and demand. Finally, when users use Kava’s decentralized exchange (DEX) to trade assets, they will be charged a 0.
25% trading fee for each trade they make. This fee is used to cover the cost of running the DEX and is paid to the validators who are responsible for verifying and processing trades.
