Cloakcoin is a completely secure, fully private and untraceable digital cash with full fungibilty (all coins equivalent). Cloakcoin is able to achieve this privacy through the use of an offchain coin mixing system called “Enigma”. Check out CoinBureau for the complete review on Cloakcoin.
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.