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– TIMESTAMPS –
0:00 Intro
1:55 What’s Kava?
4:30 Supported Property & Earring Excessive Yield
6:00 Why Use Over Collateralized Loans?
7:35 The Tech
10:29 The Kava Token
15:16 USDX
18:02 Remaining Ideas
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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Kava Web site:
► Kava Binance Analysis Report:
► Whitepaper:
► USDX Minting Rewards Defined:
► Mintscan:
► Staking Rewards:
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📝 What’s Kava? 📝
Kava is a cross-chain DeFi platform which presents stablecoins and lending companies to the holders of main cryptocurrencies. In a nutshell, Kava is all about opening up entry to liquidity for numerous cryptocurrencies and doing that in a decentralized method.
Sure, Maker and Compound do the same type of factor on Ethereum. Nonetheless, Kava is seeking to lengthen that DeFi goodness to non-ERC-20/ETH property and convey that to different blockchains.
💧 How To Get That Liquidity? 💧
Merely ship your crypto collateral to Kava’s platform. It can then be escrowed in a sensible contract and USDX stablecoins shall be minted and can be utilized for something. These are over-collateralized loans.
Liquidations kick in if this ratio hits a ratio of 1.5.
₿ Get Your Crypto Again ₿
To get your collateral again, merely repay the mortgage in USDX and pay the soundness charge to unlock your crypto. Proper now, this charge is ready at 5% for BNB coin.
🎁 Get Rewards For Minting USDX With BNB 🎁
Provide BNB collateral on Kava and get your share of 74,000 Kava tokens each week!
💸 Causes To Use Over Collateralized Loans 💸
The thought of supplying $100 in crypto and getting $50 again is a head scratcher for a lot of. Nonetheless, the explanation why so many use them in DeFi is to realize entry to margin and use that to purchase extra crypto. That’s the primary use case right here.
Different benefits of those loans embody the truth that you don’t have to KYC or bear any credit score checks. It’s quick and easy.
🖥️ The Tech 🖥️
Kava is constructed utilizing the Cosmos-SDK, which is an open supply framework for constructing public proof-of-stake blockchains. Because of this Kava makes use of the Tendermint core consensus engine; it is a Byzantine Fault Tolerant engine that’s designed to assist PoS programs. It’s this SDK that makes Kava interoperable.
Utilizing that spine, Kava has developed hour core modules. These embody an public sale, price-feed, CDP and liquidator modules. If you wish to study extra about that and their significance, then I like to recommend you watch the video!
💰 Tokens 💰
► Kava is the governance and staking token of the platform.
► USDX is Kava’s artificial stablecoin.
At the moment Kava staking rewards are round 5.5% and USDX has a financial savings charge of 4.5%.
That brings me onto the massive cash query: why would you wish to come up with these tokens?
1️⃣ Kava 1️⃣
► It’s a bit like proudly owning shares in a decentralized financial institution that units rates of interest and controls the cash being printed off the again of all these crypto reserve property.
► You may vote for concepts you wish to see on Kava. So, you may love the thought of with the ability to put up crypto collateral and minting a token mushy pegged to the worth of gold.
► There’s a huge incentive to stake. If you don’t, you might be basically being inflated away. That shrinks down the tradable provide and implies that much less shopping for stress is required to extend the worth.
► When somebody pays again a mortgage, they achieve this in Kava. As soon as that’s paid, the Kava is then burnt. So that is truly a deflationary mechanism.
If you wish to hear my different ideas on this token, then you should definitely try the video!
2️⃣ USDX 2️⃣
► Remember that the ticker image USDX on Coinmarketcap is NOT Kava’s steady coin.
► With USDX you may see the collateral backing the coin on the blockchain.
► Not like among the different stablecoins, Kava is decentralized. That implies that a authorities can’t shut it down.
► The coin has a reasonably respectable financial savings charge of 4.5%.
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📜 Disclaimer 📜
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any specific end result.
#kava #defi #crypto #bnb #binance #blockchain #token
Source: Coin Bureau
49 Responses
Any updates for 2021/22?
Stake Kava on cosmos and get 35% yearly + daily compounding. Way better than Kraken!
I second an update video after KavaSwap please guy xD
20% staking rewards on kraken and the price tanked recently, I cant help but scoop up a big bag.
Kraken is now offering 20% to Stake Kava. I wonder if the dev team have delivered on their plans since they launch. An update is needed! Thanks for your great info, you are one of the channels l always go to!
Hi, why has Kava been suspended??
So if my collateral gets liquidated I can still get it back if I pay out the loan +fee%
any update on this?
Please make an update video of kava sir
Even a year ago it's still great info! Would appreciate an update please. Got some XRP that I'm thinking of putting on there.
KAVA!!!!!!!!!
Trust wallet offers kava staking at 11.94 percent
my question is … could you make a update to this video? it has been awhile!
April 2021, technical pattern looks about to blow, would appreciate some latest review on this one if technicals still are good
Guy, could you also please cover Hard Protocol as well? Cheers.
I am pumped up. I AM worried about security. If I don't hold the keys to the wallet it's not in my control, is that correct?
KAVAAAAA
It ain’t carver lol.
So then the assets on Kava are not wrapped, but raw native tokens of their respective ecosystems?
I think Kava could be great, still needs work, keeping my eyes on it.
Just bought into KAVA today. Its gonna be great, thanks Guy!
ty
@3.45 min: "if bnb hits 30 usd the position of 10 usdx and bnb will be liquidated". No, then the collateralisation ratio is 3 and well above 1,5. So only if bnb position declines to 15 usd liquidation will occur.
So how does KAVA compares to Synthetix over Ethereum ?
I can't buy kava on binance
kava has small supply 45 million, bitcoin 17.5 million, etherium 105 million…..Kava share price is $3 Aud and it will be exploded to 100X because good inverstor look at smaill supply and share price ….
why is this crypto named after a drug lol
Dude why the F%#* are you not president
would love to hear your opinion on Kava vs Flare Network
I'm regretful that I ever bought this shit coin.
Good thing $NSURE is listed on #MXC_Exchange first before it gets listed in another major exchange I have bought the dips and now enjoying the profits trade it here https://www.mxc.com/auth/signup?inviteCode=12tCu
I prefer RFI (reflect.finance)
Hi, i dont understand the introduction of the Hard Protocol? was it planned all along? or was there a change in what KAVA was supposed to be? For example, when a debt is paid now, is it still Kava what will be burned or Hard?
Amazing $BLK is now available on #MXC_Exchange today we can now trade it here guys https://www.mxc.com/trade/easy#BLK_USDT
God this is complicated
Thanks! I Kava it, thanks to you!
$UFT is one of the solid projects currently listed on #MXC_Exchange many people support this project and buying every dips, below $1 is a steal price another pump coming soon! check it out here https://www.mxc.com/auth/signup?inviteCode=12tCu
3 days ago, Binance launched a very huge future coin for 30 days mining period, called "Hard".. mining it through KAVA, BUSD, or BNB..
I tried them all and I found out with 3000 KAVA one can make 25 pieces of HARD daily. BUSD and BNB are too much less mining procent daily. The chance is still available for anyone to join mining. You really need to have a look on this project.
I believe KAVA has great potential. Thanks for your great insights. Will share this video on SoMee.Social
How can i buy kava but i cant buy here in US does anyone know how?
Great content, but half of the images/videos in the top-right corner are just plain distracting nonsense that doesn't add any value. Would be great if whoever inserts these images calmed down and just focused on relevant images that actually add some value and skipped adding all others.
At 6:55 you said "reverse mortgage." You mean HELOC. unless it means something else outside of the states. Here a RM is collateralizing your house in exchange for no more mortgage payments until you die. Upon death of the occupants a family member may pay the mortgage off to own the house, otherwise it simply reverts to bank possession. Only available to the elderly with no income.
This 100% useful information! Subscribed!
One of the best crypto youtubers out there 👌👌👌
Im 6 minutes in and I dont understand a thing.
What are the benefits comparing to Aave and compound etc?
kava just collapsed 🙁 -60% from 5.5 dollars
Am v new to crypto. does this mean that KAVA and USDX prices are inter-related? USDX is just at 0.5 cents …if KAVA increases then will USDX also increase and vice versa?
Great video , kava has had a nice boost in price but I think this is only the beginning
We could see a 50 dollar kava one Day