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Coinbase lists KAVA, advancing Ethereum–Cosmos interoperability
Cointelegraph
2023-01-19
3945
Industry
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Summary:San Francisco, California, January 18th – Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base
January 18, San Francisco, Florida, USA– Today, Coinbase has listed Kava as a listed company, and will carry out a large-scale learning and training points activity to educate its consumer groups to grasp how Kava leads the world to Web3.
Kava is a decentralized tier 1 blockchain technology, which closely combines the speed and interoperability of Cosmos with the energy of digital currency developers. Last year, Kava and Coinbase launched deep integration, improved the integration steps of the Cosmos SDK chain and Coinbase, and helped bring more liquidity to the Cosmos ecosystem.
Release the liquidity of Cosmos
The local integration of Coinbase and Kava allows easy listing of new Kava ecosystem projects. The Kava project invests in Coinbase and opens DeFi applications for Coinbase customers on Kava. In addition, Kava worked with the Coinbase team to make it easier and easier to sell the Cosmos chain on the trading platform, unlock the liquidity for the new Cosmos project, and further promote the selection and growth of the entire Cosmos ecosystem. The time to integrate the Cosmos SDK chain into Coinbase in the whole process has also been shortened from 12-18 months to one month. Cosmos chain can now be integrated as easily as ERC-20 token. It is an important process to add liquidity to the space ecosystem.
"It's exciting to see Kava sold in the largest regulated trading center in the United States. Coinbase has set this standard as an important channel for new customers and capital to enter the blockchain technology ecosystem. I look forward to increasing the exposure of Kava to new customers, which will cause harm to the Kava Rise plan and all agreements in the Cosmos ecosystem."
-Scott Stuart, CEO of Kava Laboratory
Kava Rise drives agreement growth
Kava has focused on improving its network resources and achieving protocol growth from the beginning, and has made use of its Cosmos EVM technology to achieve the maximum scalability, speed, reliability and application of developers. In 2022, Kava will integrate the on-chain and off-chain growth system into a single real estate developer incentive plan called Kava Tengfei.
Kava Rise is committed to setting a new specification for the growth and demand of thousands of Web3 protocols. Through the distribution of distributed ledgers of the plan, the builders obtained part of the Kava Rise $750 million developer award fund. This method aims to reward the top agreements according to the application situation every month. More than 50 agreements, such as Curve Finance, Sushi and Beefy Finance, have added more than $15 million TVL to the ecosystem, demonstrating the growth and prosperity of this plan without being jeopardized by market standards.
About slips
Kava charges Web3 growth battery with the most ideal on-chain incentive Cosmos EVM side-chain technology. Add the Internet and generate millions of customers for Web3 at Kava.io.
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