KAVA Short Description - Recknoriy/KAVA GitHub Wiki

Kava is a cross-chain Collateralized Debt Position platform launched in Q1 2019. It is positioned as one of the main competitors of Makerdao.com. While Maker supports ETH only at the moment, Kava has been introduced as the platform to offer collaterized loans and stable coins for major crypto assets (BTC, XRP, BNB, and ATOM). In the future it is planned to support all major cryptocurrencies. The platform is based on POS principle and built on the Cosmos SDK. Current capitalization estimates around 11 mln Euro: https://coinmarketcap.com/currencies/kava/

For end-users Kava

• allows to accept 4 above-mentioned cryptocurrencies.
• Moreover, it is possible within the Kava platform to issue loans to users with no need to submit the credit score.
• After connecting the crypto wallet to the Kava web-platform user can freeze his assets and issue an equal amount of interanl currency, USDX, by means of which the user acquires a loan.
• After bringing back the equal amount of stable coins surplus stability commission the user is able to unlock his crypto assests and withdraw them to the wallet.
• In addition to that, Kava supports stream interledger payments between Lightning, Ethereum and XRP.
• Governance is one the crucial features of the network. By mutual consensus it can be voted what the comission might be for using KAVA blockchain.

For validators: The complete list of validators can be found in Kava whitepaper