I just finished reading through #everstake reports about @kava and is exciting seeing #Kava , a decentralized finance #DeFi protocol built on Tendermint Core, enabling crypto borrowing and lending without traditional intermediaries. Unlike most DeFi projects on Ethereum, Kava supports $USDT and #WBTC issuance, partnering with Binance and #Bitgo In early 2024, Kava's stake increased from 127M to 136M KAVA, with delegators growing from 65K to 69K. The protocol transitioned to a non-inflationary model, stabilizing the $KAVA
token and appealing to long-term investors.
Kava’s 2024 roadmap focuses on enhanced Ethereum Virtual Machine (EVM) compatibility, cross-chain lending, and introducing new yield options. Upgrade 16 improved EVM integration, cross-chain interoperability, and DEFI tooling. Kavascan, the blockchain explorer for Kava, supports NFTs, smart contracts, and future block prediction, providing detailed information on tokens like WKAVA.
These developments strengthen Kava's position as a secure, efficient platform within the DeFi ecosystem.
