#Kava

Kava Token (KAVA) is the native cryptocurrency of the Kava platform, a decentralized finance (DeFi) hub that offers collateralized loans and stablecoins. It serves as a governance and utility token for the Kava Network, an on-chain blockchain platform for DeFi that provides a decentralized lending platform and native cross-chain money market application.

KAVA token holders can vote on governance decisions within the platform and secure the network by participating in the transaction validation process. The Kava network consists of four native tokens: KAVA, USDX, HARD, and SWP, each with different roles and functions within the ecosystem.

Kava allows users to borrow USDX, a stablecoin pegged to the US dollar, by locking their crypto assets in specific smart contracts. This guarantee helps maintain the value of USDX over time. Kava Mint, Kava Lend, and Kava Swap are the three important products of the Kava network, each offering different services to users, such as minting stablecoins, borrowing popular crypto tokens, and swapping different crypto tokens for reasonable fees.

As of July 2022, there are 220.89 million KAVA tokens in circulation, with an unspecified maximum supply. KAVA is an inflationary token, where inflation is proportional to the percentage of tokens.