#SocialMining is likely the biggest paradigm change of our times, and @DAO Labs is spearheading this wave of change through their projects, including $KAVA on
@KAVA_CHAIN
To begin with, #KAVA on its #KavaHub is a decentralized finance (DeFi) platform that allows users to borrow and lend assets using multiple cryptocurrencies, without needing a traditional financial intermediary. It’s built on a layer-1 blockchain that combines the speed and interoperability of @Cosmos - The Interchain with @Ethereum development capabilities, enabling cross-chain functionality for various assets.
The $KAVA token is the native proof-of-stake security and governance token of the Kava platform. It was launched in 2019 and has a Genesis Supply of 100 million tokens. KAVA holders can earn rewards by staking their tokens, with rates ranging from 3% to 20% depending on the amount staked.
The KAVA token has three main use cases:
1. Security: It’s used by validators (the top 100 nodes) to validate blocks through a weighted bonded stake in KAVA tokens. Validators earn KAVA as block rewards and transaction fees, but they also risk losing KAVA for failing to meet network standards.
2. Governance: KAVA token holders can propose and vote on critical parameters of the platform, influencing the future direction of the Kava Network.
3. Lender of Last Resort: In situations where the system is undercollateralized, KAVA functions as a reserve currency to ensure stability.
Kava stands out in the DeFi space for several reasons:
• Interoperability: Kava aims to solve interoperability challenges by allowing users to use their crypto assets across blockchains as collateralized debt positions (CDPs) for stablecoin loans.
• Multi-Chain Approach: It supports a diverse range of assets, including Bitcoin, XRP, and Binance Coin (BNB), promoting a robust ecosystem.
• Diverse Offerings: Kava has implemented various protocols like Kava Lend, Kava Earn, and Kava Swap, diversifying its services beyond borrowing and lending3.
• Built on Tendermint Core: This adds additional features and allows users to stake cryptocurrencies and borrow loans in $USDX, Kava’s stablecoin.
Kava’s unique features and partnerships with Cosmos and Ripple showcase its potential in the DeFi market. So, if you are interested in Social Mining, but are not sure how or where to start, Kava is a great choice. 
