The Kava crypto software protocol allows its users to lend and borrow assets using multiple cryptocurrencies without the need of a traditional financial intermediary. Kava is one of the many emerging DeFi (decentralized finance) projects but is based on Cosmos instead of Ethereum, which is the norm for others. According to the team, being based on Cosmos adds additional functionalities.
On Cosmos, users can lock up assets and borrow loans in USDX, a U.S. dollar-pegged stablecoin. Kava latches on that feature to manage the crypto assets Cosmos accepts, which then runs in programs on independent networks. Thus, users can borrow more assets, such as BNB, BTC, XRP, and others. Kava achieves this by allowing users to lock their assets in smart contracts, in return, borrowing USDX.
The Kava coin is KAVA. Users get rewarded KAVA when they mint USDX, and it is used as a governance token of the Kava network.
How To Buy Kava or Add it to your Strategy
The fastest, most convenient way to purchase Kava is to purchase it on ICONOMI. We check Kava live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Kava by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Kava is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Kava, we recommend you read the next section, as copying might be a better approach.
Add Kava to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Kava in their structure.
