Kava welcomes eight new projects that will work on its blockchain and offer DeFi, NFT and gaming services in the metaverse.
Despite the general stagnation of the cryptocurrency market and the earthquake that the DeFi world has experienced due to the UST falls, Kava continues to attract pioneering projects seeking improve the DeFi world and offers more options to users.
The “Kava's Pioneer” program, which seeks Attracting talent and innovative products to your network, continues to grow, despite the current market problems. In this sense, this month the talent search program has managed to attract eight new projects focused on DeFi, NFTs and the metaverse.
What is Kava?
Kava is a cross-chain decentralized lending protocol which allows users to borrow USDX, a stablecoin, by depositing a variety of cryptocurrencies with which they can begin earning yield.
The way Kava works is similar to that of a centralized bank for cryptocurrencies, as it allows access to a variety of decentralized financial services, including loans with its stablecoin (USDX), or access to derivatives and synthetic products.
Kava is built on Cosmos and uses a collateralized debt system that ensures that stablecoin loans are always properly backed.
The protocol also includes the native KAVA token, a utility token used for governance voting and as a reserve currency for when the system is not collateralized.
New projects joining Kava's Pioneers
As we have explained, the Kava Pioneers Program receives eight new projects this month, among which we can find:
Agave Finance
Agave is a money market and decentralized and non-custodial lending protocol, built on Gnosis Chain. Agave rewards depositors with passive income and allows them to use their deposits as collateral to borrow and lend digital assets.
Agave Finance is completely governed by the community and, being built on Gnosis, a layer 2 of Ethereum, allows for fast and cheap transactions.
Mushroom Finance
Mushroom Finance is a platform focused on the search for sustainable benefits in the DeFi universe. Mushroom Finance's infrastructure is based on the most powerful DeFi protocols (with which it is associated) such as Uniswap, ChainLink, SushiSwap, Compound or Curve.
Mushroom Finance has developed innovative tools such as MushMon, an automatic wallet rebalancing tool, and various performance optimizers.
Furthermore, the protocol offers users centralized access to the ecosystems of Binance, Fantom, Ethereum, Avalanche, Polygon and now Cosmos as well.
Empire Capital
Empire Capital is a multi-faceted performance generating organization that offers DeFi-as-a-Service (DaaS)In fact, it is a service that unites Farming-as-a-Service (FaaS), Infrastructure-as-a-Service (IaaS) and DaaS, creating a set of tools and services for the development of Web 3.
One of Empire Capital's key developments is Roundify, a rounding app for cryptocurrency users.
Crypto Blades
CryptoBlades is an NFT-based play-to-earn (P2E) game that runs on the BNB, Avalanche, OEC, HECO, and Polygon blockchains. In it, users earn $SKILL tokens by performing a series of actions such as defeating their enemies.
The game also includes a NFT Land System, as well as typical multiplayer game mechanisms such as guilds and alliances.
[hubspot type=cta portal=20298209 id=706f642a-bf43-4b7f-8a45-724decda5bcc]
KogeFarm
KogeFarm is a self-compaction performance optimizer/aggregator built on Polygon, which boasts one of the best combinations of low fees and high returns.
KogeFarm automatically combines the yields of hundreds of farms from dozens of yield farming platforms to make the process easier.
Governor DAO
Governor DAO is a governance as a service (GaaS) protocol, which aims to set the standard for decentralized governance and biometric voting on the blockchain.
Governos DAO's goal is to provide services to all DAOs on any blockchain.
AnyDAO
AnyDAO (formerly known as Accessifi) is a platform for Any user can create, launch and grow their own DAO.
Since its inception, AnyDAO's mission has been to enable people around the world to access Web3. The platform offers people DAO high-quality tools to connect with and grow your communities.
WOWSwap
WOWSwap is a decentralized protocol that allows users to Perform leveraged short and long trades on Ethereum, Solana, Arbitrum, Avalanche, BNB Chain, IoTeX, Metis, Polygon, Pancakeswap and HECO Chain.
It features individual token vaults to ensure minimal downside risk and allows trading tokens, including NFTs, with up to 5x leverage by borrowing capital from the lending pool.
With all these new projects running on its network, Kava strengthens its use cases and therefore ensures the health and future of its protocol.
[hubspot type=cta portal=20298209 id=38fb28e1-1dc1-40e3-9098-5704ca7fcb07]
