San Francisco, California 18th January 2023, Chainwire
Coinbase listed Kava today and will launch a massive Learning Rewards Campaign informing its user base about Kava’s leadership position on the Web3.
Kava, a layer-1 decentralized blockchain, combines the speed and interoperability from Cosmos with the developer power that Ethereum. Kava has been working with Coinbase to create a deep integration that allows Cosmos SDK chains and Coinbase to seamlessly integrate, helping to increase liquidity in the Cosmos ecosystem.
Unlocking Cosmos Liquidity
Coinbase’s native integration with Kava allows for easy listing of Kava ecosystem projects, KAVA staking on Coinbase, and unlocks DeFi usage for Coinbase users on Kava. Kava collaborated with Coinbase to make listing Cosmos chains on the exchange much simpler. This allows Cosmos projects to access liquidity and drives adoption and growth of the whole Cosmos ecosystem. This entire process reduces the time required to integrate Cosmos SDK chains into Coinbase to just one month. Cosmos chains are now as easy to integrate as ERC-20 tokens. This is a major step towards increasing liquidity in the Cosmos Ecosystem.
“It’s exciting to see Kava listed on the largest US-regulated exchange. Coinbase is the leading on-ramp to new users and capital in the blockchain ecosystem. I look forward to growing Kava’s exposure to new users, which will have downstream effects for all protocols in the Kava Rise program and the Cosmos ecosystem.” — Scott Stuart, CEO of Kava Labs
Kava Rise: Kava Rise is a catalyst for protocol growth
Kava was designed from the ground up in order to maximize its resources for protocol development. Its Cosmos-EVM technology, which enables maximum scalability and speed, security and developer support, has also been strengthened. Kava rose was a program that combined both on-chain and offline growth mechanisms.
Kava Rise sets a new standard to enable growth and demand for thousands Web3 protocols. Builders earn a share of Kava Rise’s $750M developer incentive fund via the program’s blockchain-based distribution method, designed to reward the top protocols every month based on usage. Curve Finance is one of the more than 50 supported protocols. Sushi, and Beefy Finance have collectively brought more than $15M TVL into the ecosystem, showcasing the program’s ability to enable protocols to grow and thrive regardless of market conditions.
About Kava
Kava is a Web3 growth platform that offers the best on-chain incentive and Cosmos EVM sidechain tech. Join the network that brings millions of people to Web3 at Kava.io
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Media Manager
Guillermo Carandini
Kava Labs
