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.
SIX was originated from 'one' of the largest digital media startup groups in Korea and Thailand, OOKBEE U Company Limited and Yello Digital Marketing Global PTE LTD. The alliance aims to create a more transparent, fair, secured, and efficient ecosystem for all stakeholders in the digital and creative economies.