For 4 years now @Binance and #KAVA have been supporting each other, and recently deepened it further by Kava #EVM and native USDT integration. #Bitgo 's custodial position for #WBTC makes this an even sweeter deal for the Binance users, which we as @DAO Labs #SocialMining community follow closely. $KAVA

How does this partnership provide benefits to all concerned, including you the Binance user?

Binance has a userbase of 182+ million, developers as well as users, all of whom will enjoy a significant liquidity increase thanks to this introduction of USDT and WBTC. On the Kava side, this userbase is a chance for wider adoption, obviously. However, the ease of moving digital assets like KAVA, USDT, and WBTC within the Kava ecosystem through Binance's platform helps increase overall utility and engagement for everyone.

WBTC (via Tether) is contributing liquidity to the Kava ecosystem primarily through the introduction of over $6.5 billion worth of liquidity, connecting $BTC , the world's “digital gold”, with the $ETH DeFi ecosystem. BitGo's custodial role ensures that the large liquidity associated with WBTC is safely integrated into Kava, helping with the growth and stability in the ecosystem.

What can we expect of the integration between Binance and Kava EVM?

The integration between Binance and Kava EVM looks like it can unlock unforeseen levels of liquidity for USDT and WBTC between the EVM and Cosmos networks. You, Binance's large user base, may adopt and utilize these assets within the Kava ecosystem. You can expect streamlined and accessible exposure to USDT, WBTC, and KAVA, for easier movement and leveraging of these digital assets. The partnership will potentially enhance the overall liquidity and utility of the Kava ecosystem, promoting its growth and wider adoption in the crypto market.

Contribution of Social Mining by DAO Labs

Social mining by DAO Labs focuses on community engagement by rewarding participants for their contributions to the ecosystem. This is a decentralized approach where community members are rewarded solely based on the value and impact of contributions, encouraging active and meaningful participation.Thus while Binance, with its vast user base, has a significant impact on liquidity and exposure, Social mining by DAO Labs focuses on grassroots growth, empowering individual users like you and I as well as developers to contribute to the ecosystem’s success.

Shortly, Binance’s support provides you with liquidity and accessibility on a large scale, while social mining by DAO Labs offers decentralized, community-driven growth and engagement within the Kava ecosystem. Both contributions are complementary, providing a solid foundation for future development.

In the end, it all serves you the end user to have a more secure, faster and truly rewarding experience.  

Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!