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.
In order to solve the existing problems in the fan economy for a long time, such as centralization-based value system, unhealthy market environment, exploitation of intermediary agents , limited channels of commercialization, we will establish a global decentralized ecosystem to reconstruct the industry market environment including value and credit mechanism.