Blog Post

The Kava Platform Review- A Comprehensive DeFi For Crypto & Cross Chain Platform

Wayne Jones • March 5, 2020

After a successful Binance IEO , Kava was launched in the last quarter of last year. Since then, the platform has been causing a fuss in the DeFi industry, and it’s projected to transform the entire crypto industry.

The project is looking to create the world’s first dedicated DeFi platform that will offer collateralized debt and stablecoins for all the leading crypto assets. Cosmos powers the project, which is built on the Tendermint core. Over 100+ business entities across the globe support Kava, including renowned crypto funds such as Arrington Capital and crypto projects such as Cosmos and Ripple.

This review will discuss in detail the features of the Kava platform, with insights on the team, products, long term cases as well as the adoption potential.

Kava Overview

Kava is the world’s first dedicated DeFi platform offering collateralized debt and stablecoins to owners of significant crypto assets ( BTC , BNB , ATOM, XRP, etc.). The platform allows users to collateralize their crypto assets in exchange for Kava’s stablecoin-USDX. The platform encompasses two tokens: KAVA and USDX. KAVA is a governance and staking token that functions to secure the network and also used for voting in governance. The USDX is an algorithmically maintained stablecoin backed by crypto asset collateral. Users enter collateralized debt positions (CDPs) after locking their cryptocurrency and receive USDX stablecoins in return.

In many ways, Kava can compare to Maker DAO since it offers a similar service. The significant difference between the two platforms is that whereas Maker supports only ERC-20 tokens i.e., ETH, Kava offers collateralized debt positions on any crypto coin.

Kava’s most notable product is the Kava Switch- a decentralized fast-finality blockchain that supports interoperable payment channel networks. This product is the first currency interface to the Interledger protocol  and allows users to swap cryptocurrencies p2p without much trust.

Kava is also closely related to Cosmos since the Tendermint consensus engine-similar also powers it to Cosmos. Kava is built using the Cosmos SDK as a Proof-of-Stake blockchain that allows users to stake tokens and take part in the network as validators to provide governance.

The Technology Behind Kava

Kava, being a Collateralized Debt Position(“CDP”), leverages Interledger Protocol (ILP) technology to make it possible for users to exchange value between multiple crypto-assets. For instance, ETH and XRP on its mainnet.

KAVA blockchain uses the Tendermint PoS protocol operated by known validators. The top 100 validators provide consensus-based on the stake sizes. The block time on the KAVA blockchain is 1-3 seconds and uses the 33% BFT consensus percentage.

How Kava’s CDP Platform Works

Kava’s main product is its CDP Platform, which is projected to be launched on its Testnet in the first quarter of 2020. The CDP platform will provide means where users will collateralize their crypto assets and receive USDX in return.

The CDP Platform functions in a very similar way to Maker DAO. The main difference, however, is that the Kava CDP Platform allows users to collateralize several different assets apart from just Ethereum.

The functioning of Kava’s CDP platform is a process that can be categorized into five steps. There is also a sixth step if the debt-to-collateral value falls beyond the specified threshold. The steps are:

  1. Deposit Crypto – The first step is to deposit crypto to the Kava Platform. This is done through a web portal where a user connects their wallet to the Kava Platform and deposits directly.
  2. Create CDP- After a successful deposit, the platform accepts the cryptocurrency where it is locked in a smart contract as collateral.
  3. Create a Stable Coin – The user is then issued with a stablecoin loan (USDX) from the platform based on their CDP value.
  4. Close CDP – Users can repay their debt with a stability fee to unlock their collateral at any given time.
  5. CDP Auction – The system automatically liquidates (burns) all USDX stablecoin when the debt-to-collateral value drops below a specified threshold.
  6. Crypto Returned – Once users pay their debt, the system burns the stablecoin, and the user can access their collateral.

Kava Platform-Key Features

  • Multicollateral Debt Positions- The Kava Platform accepts several crypto assets as collateral, including XRP, BTC, BNB, and ATOM.
  • Self-issues Loans- Users can instruct the platform to issue loans to themselves. There is no need for a counterparty or credit score. It’s a decentralized finance platform which has no central authority.
  • Stable-Coin- The loans are issued to the user in a USD-pegged stable coin USDX.

Kava Products- The KAVA Token

The KAVA token runs the platform, and the supply is capped at 100 million. KAVA token has two primary use cases- governance and staking validation.

Regarding governance, KAVA functions in a similar way to the MKR token in the Maker Dao Ecosystem. Owners of KAVA are empowered to vote on proposals to change the blockchain and system parameters when necessary. These parameters include changes in USDX’s total supply, the types of collateral accepted on the platform, and the collateral to debt ratios, among others.

KAVA employs the Tendermint consensus mechanism meaning that users can delegate their voting rights to validators, which will then secure the network. In exchange, users earn fees from the transactions as well as stability fees payable when closing the CDPs. The fees collected are usually dependent on the staked amount of KAVA. The APR for KAVA validator rises to a maximum of 20% when the staked amount is low. However, it drops to a minimum of 3% if there are a lot of users on the platform. Users running the validator nodes usually charge an additional commission for their services.

The Kava Dev Team

Kava’s development team has been working on the project since 2017 before its launch last year. The team is led by the CEO and co-founder, Brian Kerr.   Scott Stuart is the Chief of Product and co-founder of the project.   Ruaridh O’Donnell is the blockchain development lead and also the third co-founder of Kava. Kevin Davis is also part of the Kava Team and is the Lead Engineer with extensive experience in Data Science. The team is quite open and interacts extensively with the community through the Kava Labs telegram group and an official Twitter account.

KAVA Supported Exchanges & Wallets

KAVA currently supports multiple exchanges – Binance , MXC, Bitmax, Biki, and Bilaxy are some of the supported exchanges. On Binance, users can trade against Bitcoin, USDT , and Binance Coin, whereas on Bilaxy, you can only trade against Tether.

On to the supported wallets , KAVA is built on Cosmos; thus, users can comfortably use all wallets that list ATOM i.e., Lunie and Cosmotation. The Kava team is also reportedly working on deeper Trust Wallet integration, with staking of KAVA already available on Trust Wallet.

Kava Platform: Development & Roadmap

Since its mainnet launch (Q3 2019), Kava has undergone extensive development evidenced by intense coding activity on the Kava Labs GitHub , which has enabled the project to reach crucial developmental milestones. In 2020, Kava has laid a comprehensive roadmap that began with the launch of the CDP Testnet on February 5, 2020. Their 2020 roadmap looks as follows:

  • Q2: Cross-chain assets in CDP system on mainnet
  • Q2: Integrate custodial BTC Peg into CDP system Testnet.
  • Q3: Integrate both custodial and non-custodial BTC Peg into CDP system mainnet.

2020 already looks like a busy year for the project, and it will be essential to see whether these milestones will be met in time. The development of these milestones will be posted on their official blog.

Final Thoughts on the Project

Kava is indeed an excellent DeFi project poised to transform the crypto industry for the better. Kava offers two main products: Kava Switch and CDP Platform. Kava switch allows users to swap cryptocurrencies based on different blockchains instantly. The CDP platform enables users to take collateralized loans based on several different cryptocurrencies. Unlike Maker DAO, which only supports ETH (ERC-20 Token), Kava can support several cryptos to the advantage of owners of a diversified portfolio. Kava’s mission is to provide DeFi benefits to users owning assets that may not be supported by other DeFi platforms e.g., BTC.

With a user-friendly interface as well as a supportive team, accessing DeFi for different assets is no longer a challenge, thanks to Kava. Nonetheless, the project is still at very early stages, and its success will be based on the ability of the project to uphold decentralization by employing a broad range validator and also the ability of the platform to accumulate enough liquidity to keep USDX stable.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

MNEE on 1SAT Launches WhatsOnChain Plugin for Simplified Blockchain Transactions

By Press Release • April 2, 2025
MNEE on 1SAT is excited to announce the launch of its WhatsOnChain MNEE plugin, designed to make viewing MNEE blockchain transactions more accessible and easier to navigate.  WhatsOnChain is a leading blockchain explorer providing a clear, accessible view of blockchain transactions. With MNEE now live on 1Sat Ordinals, the plugin is an essential tool for users who need a simple way to view and confirm MNEE transactions. Raw blockchain data can be complex and difficult to interpret, especially for those who are not tech-savvy—making this new plugin a valuable resource. The WhatsOnChain plugin translates technical blockchain data into an easy-to-read format, making it simple for businesses and users to view MNEE transactions on 1Sat Ordinals. Users can track payment histories, monitor wallet balances, audit blockchain activity for transparency and compliance, and resolve customer support issues quickly. With just a transaction hash, users can now instantly verify MNEE transactions and access detailed insights. “Partnering with WhatsOnChain allows us to provide a seamless way for anyone to explore and verify MNEE transactions on the blockchain,” said Harbind Likhari, Executive Director at MNEE. “This partnership is pivotal in making stablecoin infrastructure more transparent, accessible, and user-friendly. We’re thrilled to offer enhanced visibility for MNEE on 1Sat Ordinals.” The WhatsOnChain team added, “WhatsOnChain is committed to bringing transparency and accessibility to MNEE 1Sat Ordinals. This integration enables users to view MNEE (1Sat Ordinals) transactions in a simple, easy-to-understand format. We’re proud to support the infrastructure that powers the next generation of digital assets.” The WhatsOnChain plugin is at the heart of MNEE’s mission to provide open, secure financial infrastructure. It ensures that blockchain activity is transparent, verifiable, and easy to understand, helping to drive the adoption of MNEE’s cutting-edge financial technology. To use the new MNEE plugin, users can simply paste their transaction hash into WhatsOnChain , click on the MNEE icon, and instantly view transaction details in a clear, user-friendly format. Media Contact press@mnee.io About MNEE MNEE is a pioneering fintech company focused on revolutionizing global payments. As the issuer of the MNEE stablecoin, MNEE combines the power of the 1Sat Ordinals protocol and Ethereum blockchains to deliver an instant, low-cost, and scalable digital payment solution. Each MNEE token is fully collateralized by US Treasury bills and USD cash, ensuring regulatory compliance and security. MNEE’s commitment to building the future of money focuses on delivering secure, efficient, and affordable payment solutions across a wide range of industries and platforms.

XRPTurbo Crosses 250,000 XRP Presale Raise, Gears Up for Platform Demo & Staking Launch

By Press Release • March 28, 2025
Momentum is building fast in the XRP ecosystem as XRPTurbo —a rising DeFi and AI-powered launchpad built on the XRP Ledger—breaks through the 250,000 XRP milestone in its presale.  With under four days remaining , investor interest is reaching new heights as anticipation grows around XRPTurbo’s game-changing platform demo. Earlier this week, the XRPTurbo team previewed a redesigned landing page, giving the community a sneak peek of what’s to come. A full demo of the platform is expected to drop any day now. This highly awaited reveal, expected later this week, showcases XRPTurbo’s robust suite of tools and innovations poised to revolutionize decentralized finance on the XRP Ledger. Join Xrpturbo Presale XRP Whales Are Taking Notice In a strong show of confidence, a major XRP whale recently contributed 20,000 XRP in a single transaction—further validating XRPTurbo as a credible project with serious momentum. As support from prominent figures within the XRP ecosystem pours in, XRPTurbo is becoming the launchpad of choice for Ripple's growing Web3 community. Built for the XRP Ecosystem—A Launchpad Without Barriers XRPTurbo is setting itself apart from other platforms by offering a simple yet powerful launchpad tailored specifically for developers and creators on XRPL. Unlike other existing solutions, XRPTurbo eliminates technical hurdles, allowing users to create tokens, mint NFTs, and launch decentralized apps with just a few clicks. A highlight of the platform is the GUI Token Minter —a no-code solution that enables effortless token creation. Historically, minting on XRPL required command-line expertise, but XRPTurbo’s tool opens the doors to everyday users and creators, unlocking true mass adoption. Liquid Staking With Flexibility and High APY Another headline feature is the soon-to-be-launched Liquid Staking Portal , which will allow users to stake their $XRT tokens while maintaining complete custody of their assets. Offering yields of up to 25% APY , this staking system blends DeFi flexibility with competitive returns—without locking up tokens. Buy XRT Tokens Why $XRT Matters: Real Utility and Early Access Owning $XRT offers far more than token speculation—it unlocks core advantages that position holders for long-term value, including: Early Access to Launches : $XRT holders gain first access to new AI and RWA projects launching through XRPTurbo. Staking Rewards : Benefit from high-yield passive income with no lockup required. Revenue Sharing : Earn a share of platform revenues, rewarding loyal supporters. With only 100 million tokens ever in circulation, the supply scarcity paired with deep utility positions $XRT for strong growth potential. Just Days Remain—Presale Ends Soon The clock is ticking. With over 250,000 XRP raised out of the 300,000 XRP Hardcap and exchange listings confirmed at a 25% premium over the final presale price, early supporters stand to gain significantly once trading goes live. XRPTurbo is already in active talks with top exchanges, ensuring high liquidity and wide market access from day one. Combined with a dedicated team, a growing community, and a roadmap full of firsts, XRPTurbo is shaping up to be a cornerstone of XRP’s DeFi revival. Join the XRPTurbo Presale Now: xrpturbo.com/presale Stay Connected with XRPTurbo: Telegram : t.me/xrpturbocom Twitter (X) : x.com/xrpturbocom Website : xrpturbo.com Whitepaper : docs.xrpturbo.com

Revolutionize Your Crypto Trading Experience with Agrifi's Decentralized Exchange (DEX)

By Press Release • March 26, 2025
Decentralized Exchanges (DEX) have become a game-changer for crypto enthusiasts in the fast-paced financial world we’re in today. These platforms provide enhanced security, transparency, and full control over digital assets. Agrifi is at the forefront of this innovation, introducing an advanced DEX where users can seamlessly trade AGF tokens with popular cryptocurrencies like USDT, ETH, and MATIC, as well as participate in liquidity provision to earn valuable LP tokens.  Seamless Crypto Trading Agrifi’s Decentralized Exchange allows users to effortlessly swap AGF tokens for major cryptocurrencies like USDT, ETH, and MATIC. Unlike traditional exchanges, our DEX offers a secure, transparent, and censorship-resistant trading environment. Transactions occur directly between users, eliminating the need for intermediaries and significantly reducing transaction costs. Even newcomers can navigate our intuitive and user-friendly interface with ease. With just a few clicks, you can trade tokens securely, optimizing the flexibility and efficiency of your crypto portfolio. Since this decentralized method ensures your funds remain under your control at all times, it greatly minimizes the risk of centralized hacks or losses. Earn Rewards Through Liquidity Provision Beyond simple trading, Agrifi gives users a unique opportunity to earn passive income by providing liquidity to the exchange. When users deposit token pairs (such as AGF-USDT, AGF-ETH, or AGF-MATIC) into our liquidity pools, they receive Liquidity Provider (LP) tokens in return. These tokens serve as proof of participation and entitle holders to a share of transaction fees generated within the pool. Providing liquidity not only offers a steady stream of rewards but also strengthens the exchange’s stability and functionality. This helps traders experience minimal slippage and smooth transactions, making liquidity provision a mutually beneficial endeavor that supports both individual users and the broader Agrifi ecosystem. Why Choose Agrifi's DEX? Agrifi isn’t just another decentralized exchange—it’s a complete financial ecosystem built on sustainability and long-term value creation. Our DEX operates on robust blockchain technology, ensuring top-tier security and transparency. Thanks to decentralized governance, our platform continuously evolves to meet community needs, fostering fair, user-driven decision-making. Blockchain integration guarantees that every transaction is immutable, transparent, and secure. You can trade with confidence, knowing that your investments are safeguarded, verifiable, and entirely under your control. Join Our Growing Community Stay connected and informed by following Agrifi on our official platforms: Telegram : https://t.me/agrifi Twitter : https://twitter.com/agrifi_tech Facebook : https://facebook.com/agrifitech Instagram : https://instagram.com/agrifi.tech Community Telegram : https://t.me/agrifi_official Start Your Decentralized Trading Journey Today! With Agrifi’s DEX, experience the future of decentralized finance today. Trade securely, earn rewards through liquidity provision, and join a thriving community committed to innovation, transparency, and sustainability. Don’t miss out on this opportunity to grow your crypto portfolio with Agrifi’s cutting-edge DEX platform. Explore now and be part of the decentralized revolution!

Codego Launches CDG: New Plug-and-Play Devices for Effortless Daily Passive Income

By Press Release • March 26, 2025
The CDG project has officially launched, introducing an innovative solution that enables everyone to earn passive income directly from their homes. With just a compact device, a power outlet, and an internet connection, CDG simplifies earning predictable, reliable, and hassle-free daily income.  Earn Daily Rewards Effortlessly CDG offers two user-friendly models: CDG Home and CDG Power Home , which provide GPU computing power to a decentralized computing network. In return, device owners receive daily rewards in the form of CDG credits. CDG credits operate similarly to loyalty points and can be conveniently exchanged for fiat currency through the easy-to-use CodegoPay app , available on both iOS and Android. Each credit maintains a guaranteed minimum value, ensuring consistent and predictable earnings. Why CDG is Different The concept of sharing computing resources isn't new, but CDG's implementation is uniquely accessible and efficient. CDG devices are incredibly energy-efficient: the CDG Home model consumes just 10 watts , and the powerful CDG Power Home uses only 30 watts . Designed for home use, these devices are compact, quiet, and discreet, seamlessly blending into any living space. Device owners begin generating income immediately upon activation. The CDG Home device generates a minimum of $5 per day , while the CDG Power Home offers at least $20 per day . Setup is straightforward, requiring no technical expertise. Simply plug the device in, connect through the CodegoPay app, and instantly start earning. Quick Start Guide Getting started with CDG is easy: Download the CodegoPay app (Android or iOS ), and open your account to receive your personal IBAN instantly. Order your preferred CDG device via the app or through an authorized reseller. Activate your device using CDG credits with a few simple taps. Your daily earnings will be tracked in real time within the app. Pricing and Activation CDG offers two versatile device models: CDG Home : Priced at $2,500 , requiring 10,000 CDG credits for activation. It consumes only 10 watts and delivers daily rewards of 50 CDG credits , valued at a minimum of $5 per day . CDG Power Home : Available for $10,000 , requiring 40,000 CDG credits for activation. It consumes just 30 watts , providing daily earnings of 200 CDG credits , equivalent to at least $20 per day . Earn Even More with Referrals CDG users can further increase their income through a rewarding referral program: Earn €150 cash for every friend who purchases a CDG Home , plus your friend receives a €50 discount . Receive €600 cash for every friend who purchases a CDG Power Home , with your friend enjoying a €200 discount . Referral bonuses are paid directly to your bank account via the CodegoPay app. Contributing to a Growing Global Network By owning a CDG device, users actively contribute to a decentralized GPU network, essential for industries like gaming, artificial intelligence, and mobile services. As the global demand for GPU computing power continues to grow, the potential value of CDG credits increases, providing additional long-term value. About CDG and Codego The CDG project was developed by Codego , a fintech leader providing secure, comprehensive digital banking solutions. Codego offers core banking, prepaid and debit card issuance, and European IBAN accounts, supporting more than 12 fiat currencies and over 500 cryptocurrencies . Thanks to Codego’s advanced financial infrastructure, users enjoy a seamless experience in managing their CDG devices through the CodegoPay app, which includes integrated IBAN accounts, secure real-time earnings tracking, and compliance with the PSD2 regulatory standards. Learn more about Codego and the CDG project: Codego (Website) | CDG (Website) | X (Twitter) | Instagram | LinkedIn | TikTok Discover how CDG transforms passive income generation—simple, efficient, and rewarding from day one.
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