CRYPTO20 is an autonomous crypto-only index fund that tracks the top 20 cryptocurrencies in the same way the S&P500 tracks the top 500 US company stocks. C20 is the fund’s token, and represents an investor’s share in the fund. Token-holders are able to liquidate the C20 token for their share of the underlying assets via the smart contract.
Kava is a DeFi platform that offers collaterized loans and stablecoins built with the Cosmos SDK. It aims to be cross-chain enabled bringing stablecoins to major crypto ecosystems such as BTC, BNB, ATOM and more. KAVA token will act as a governance and staking token to secure the network and vote on key upgrades. USDX token will be issued as a stablecoin backed by crypto asset collateral. Some calls it the MakerDAO on Cosmos. While USDX will be have similar to DAI, the USD stablecoin on Ethereum.