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BCH $516.92 (-6.1%)
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Cross-Chain Liquidity Hub, Kava Swap Is Going Live in 10 Days

Kava Swap Is Going Live in 10 Days
  • The much-anticipated launch of its mainnet, Kava Swap is going live.
  • Kava Swap mainnet is launching in 10 days.

Kava Labs, the developer of Kava, the DeFi platform, announced the much-anticipated launch of its mainnet, Kava Swap. The team announced today on Twitter that the Kava Swap mainnet is launching in 10 days.

The team said that the platform would go live on August 30 at 14:00 UTC. According to the Kava Swap team, the Kava Swap platform will be the easiest place to buy, trade, and earn cryptos within the Kava ecosystem.

Moreover, the team describes Kava Swap as a cross-chain liquidity hub for all DeFi apps and financial services. In other words, the platform is a cross-chain Autonomous Market Making (AMM) Protocol. Even more, it leverages the Kava platform’s cross-chain bridges, DeFi infrastructure, and security.

Kava Swap aims to allow the aggregation of the capital. This is where they deploy it seamlessly across blockchain ecosystems, DeFi Apps, and Financial Services.

Based on the official medium blog, Kava Swap provides users a seamless way to swap between assets of different blockchains. Also, allow them to deploy their capital into market-making (MM) pools where they can earn attractive returns.

Further, the team added that each app on the Kava Platform is synergistic with the others. It means that Kava CDPs let users generate stablecoins. Even more, they can place these coins in the HARD money market to earn returns.

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Roland Guirdonan can be found writing, developing, and designing all sorts of content. Aside from his fascination with content creation, he is also passionate about blockchain and cryptocurrency developments.