San Francisco, CA, January 18, 2023, Chainwire
Today Coinbase listed kava and will launch a massive learning rewards campaign to educate its user base on how Kava is leading the world to Web3.
Kava is a decentralized layer 1 blockchain that combines the speed and interoperability of Cosmos with the development power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that streamlines the process of integrating Cosmos SDK chains with Coinbase, helping to drive new liquidity into the Cosmos ecosystem.
Unleashing Cosmos Liquidity
Coinbase’s native integration with Kava allows easy listing of Kava ecosystem projects, staking KAVA on Coinbase, and unlocks DeFi usage for Coinbase users on Kava. Additionally, Kava has worked with the Coinbase team to make it significantly easier to list Cosmos Chains on the exchange, unlock access to liquidity for Cosmos projects, and further drive adoption and growth across the entire coinbase. Cosmos ecosystem. The whole process reduces the time to onboard Cosmos SDK chains to Coinbase from 12-18 months to just one month. Cosmos chains can now be integrated as easily as ERC-20 tokens. A major step towards increasing liquidity within the Cosmos ecosystem
“It’s exciting to see Kava listed on the largest regulated stock exchange in the United States. Coinbase is setting the standard as the most important on-ramp for new users and capital into the blockchain ecosystem. I look forward to expanding 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
Fueling Protocol Growth with Kava Rise
Kava was designed from the ground up to optimize its resources for protocol growth, bolstered by its Cosmos-EVM technology that enables maximum scalability, speed, security, and developer support. In 2022, Kava combined on-chain and off-chain growth mechanics into a single developer incentive program called Kava Rise.
Kava Rise aims to set a new standard to enable growth and demand for thousands of Web3 protocols. Builders earn a share of Kava Rise’s $750 million developer incentive fund through the program’s blockchain-based distribution method, designed to reward top protocols each month based on usage. Over 50 protocols like Curve Finance, Sushi, and Beefy Finance have collectively brought over $15 million of TVL into the ecosystem, demonstrating the program’s ability to enable protocols to grow and thrive regardless of market conditions. .
About Kava
Kava powers Web3 growth with the best on-chain incentives and Cosmos-EVM sidechain technology. Join the network that draws millions to Web3 at kava.io
Contact
media manager
Guillermo Carandini
Kava labs
guillermo.carandini@kava.io
