Kava Network is a DeFi platform and AMM with decentralised lending, borrowing, minting and swapping. It provides users with a permissionless and democratic platform of accessible financial features. Kava differentiates itself from most other platforms through its cross-chain lending and interoperability with many new bridges and interoperability protocols planned to be enabled in the future. Kava has 3 main products: Kava mint, Kava lend and Kava swap.
APY (can be a range)
Reward Distribution Period
Every block (~6 seconds)
Validator Self-Bond Requirement
Only the top 100 validators by weighted stake (self-delegations + other delegations) are eligible for block rewards.
7% (targeted) - if less than 2/3 of supply is staked rewards gradually rise to 20% - vice versa the rate reduces to 3%
Figment Validator Address
The KAVA token is used for proposals and voting on critical parameters of the Kava Network. This includes but is not limited to the types of supported assets and Dapps, their debt limits, and acceptable assets to use as debt collateral, collateral ratio, fees, and the savings rate for various financial instruments introduced to the network. The KAVA token is also used to vote in proposals that would affect the Kava Network SAFU Fund and treasury allocation, such as reward payouts for incentives programs. You can find Kava governance proposals here.