# KAVA(Kava)

* Issue Time

  2020-03-13
* Total Supply

  394,963,111 KAVA
* Circulation

  394,966,193 KAVA
* White paper

  <https://docsend.com/view/gwbwpc3>
* Website

  <https://www.kava.io/>
* Block Explorer

  <https://explorer.binance.org/asset/KAVA-10C>

Kava aims to become the default DeFi platform by providing stablecoins and decentralized lending against all major crypto assets. Kava utilizes Cosmos and operates with a Tendermint-based Proof-of-Stake (PoS) consensus mechanism. At its core, Kava relies on a system similar to MakerDAO with CDPs but leverages the zones from Cosmos to add cryptocurrencies running on independent networks (e.g., XRP, Bitcoin). Kava relies on two main tokens: KAVA and USDX (Kava's stablecoin). Besides its stablecoin USDX, Kava features a governance token, KAVA, that is further staked in bonding curves of network validators. It is also used when Kava acts as a lender of last resort. The platform has three primary use-cases: Users can draw USDX, Kava's stablecoin, by locking collateral in a smart contract. They may stake USDX for a yield. Users may take out a series of collateralized loans to create synthetic leverage for any supported crypto asset. For instance, it is possible to lock XRP and mint USDX to buy XRP, hence creating a leveraged long position on XRP.

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