Kava Adds 9 Protocols & Develop Teams to Ethereum Co-Chain Testnet

4 min read

In addition to being 30+ protocols strong, the Pioneers add billions of dollars of real-world value to the Kava ecosystem.

As part of the Ethereum Co-Chain testnet’s Pioneer Program, Kava welcomes nine more protocols and their development teams.

You’re reading the third Pioneer Roundup covering the projects deploying to Kava ahead of the mainnet launch on May 10, 2022.

DexPad

DexPad is a decentralized, chain-agnostic IDO platform featuring the lowest fees on Cronos and home to the native $DXP governance token.

DexPad’s DeFi launchpad suite allows users to create unique tokens, initiate a presale, lock tokens for custom time intervals, and initiate airdrops for $DXP holders.

All this is possible even with minimal programming knowledge. That means even you, dear reader, can mint a token and raise capital on DexPad today.

Supported networks include Kava, Polygon, Avalanche, Binance Chain, and several more coming soon (e.g., Fantom).

And that’s not all — the roadmap lists a buyback-and-burn mechanism (complete), various security upgrades, a Stake and Earn program, a $DXP bridge, and additional yield farming.

The DexPad farm on Cronos has one of the highest APRs — check it out while these nosebleed returns are still available.

Like all of Kava’s Pioneers, the team at DexPad understands the massive value unlocked by Co-Chains. We’re in this together. Let’s get after it!

Learn More: //dexpad.io/

Photonswap

Photonswap is a decentralized exchange (DEX) providing liquidity and enabling peer-to-peer transactions on Cronos Chain. Its AMM for EVM-based chains allows users to trade tokens and farm them for rewards.

You’ll find over 418 crypto pairs on the Photonswap DEX, powered by the native governance token $PHOTON.

The Photonswap team works in lockstep with DexPad to combine their Launchpad suite with Photonswap’s powerful AMM.

Learn More: //photonswap.finance/

Metapoly

Metapoly is a new decentralized Metaverse land bank supported by the asset-backed stablecoin $USM. Metapoly aims to provide the critical liquidity to enable the Metaverse to grow.

Metapoly was founded to address the chronic fragmentation, illiquidity, and unaffordability plaguing the Metaverse real estate market.

“Imagine Blackrock for Metaverse, but decentralized and owned by DAO… This is an upgrade over the OlympusDAO’s ‘protocol-owned-liquidity’ model and Terra’s LUNA-UST stablecoin model, where Metapoly is the best of the three worlds; DeFi 2.0 + Metaverse + GameFi with NFT.” — Metapoly Docs

Alongside $USM, Metapoly offers a unifying currency to provide liquidity and enable mass participation in the Metaverse.

The asset-backed $D33D token grants holders ownership of the Metaverse lands owned by the DAO. Metapoly returns ownership to normal folks like you and me through democratization and fractionalization of Metaverse land.

The Metapoly treasury plans to add popular #Metaverse assets, including assets from The Sandbox and Decentraland, to back the value of $D33D and $USM.

Learn More: //metapoly.medium.com/

WePiggy

WePiggy ($WPC) is an open-source, non-custodial crypto-asset lending market protocol with a unique focus on the East Asian market.

WePiggy is DAO-governed and audited by SlowMist, and has implemented serverless architecture to place it firmly within the Web3 bracket.

In Wepiggy’s market, users can deposit their crypto assets to earn interest or borrow others’ assets while paying interest. Put another way, WePiggy is a DeFi piggy bank. 🐖

WePiggy boasts over $32 million in TVL across 11+ supported chains. Tack onto that dozens of partners, including Polygon, Binance Chain, Ethereum, Arbitrum, Optimism, and Harmony, and you’ve got one fat piggy bank!

Learn More: //wepiggy.com/

Jarvis Network

Jarvis Network uses stable and liquid on-chain fiat currencies to increase financial inclusion and facilitate access to liquidity and yield to everyone.

Under the moniker “DeFi for All,” Jarvis Network provides multi-chain, over-collateralized stablecoins (jFIATs) with a built-in Forex swap feature.

Users can buy jFIATs with fiat and sell them back to their bank accounts, borrow jFIATs against any supported collateral with zero interest fees, and earn via various yield farming opportunities.

Recent updates to Jarvis Network include a liquidity mining program with the Polygon Foundation, reaching a $50M transfers milestone on Polygon, and collaboration with another Kava Pioneer, Beefy Finance.

Learn More: //jarvis.network/

Saddle Finance

Saddle Finance is an AMM for swapping low-slippage pegged assets like stablecoins and tokenized assets like $wBTC and $wETH. Saddle aims to bring AMMs and low slippage to every chain, Layer-2, and corner of DeFi. Saddle up! 🤠

Saddle carries over $285 million in TVL and has completed over $1.12 billion in transactions. Top DeFi aggregators in the industry leverage Saddle’s deep liquidity, such as 1inch, Matcha, and Paraswap.

The native token $SDL’s tokenomics offer a unique stack of incentives grounded in adding value. Liquidity providers and stakers both stand to benefit! In addition, the total supply of $SDL is locked at 1 billion, which puts a limit on inflationary pressure.

Saddle is also audited by Certik, Quantstamp, and OpenZeppelin, meaning the team takes security seriously.

Learn More: //saddle.finance/

O3 Swap

O3 Swap ($O3) is a decentralized cross-chain aggregation protocol where users swap with the best prices across nine EVM compatible chains.

O3 is powered by stablecoin pools within the O3 Hub and aggregates liquidity from various DEXs on supported chains like UniSwap, PancakeSwap, Curve, TraderJoe, Kyber Network, and SpookySwap.

O3’s most recent upgrade, the O3 Interchange, optimizes EVM support and gas fees. With more than a dozen partners and over $39 million TVL, O3 Swap has solidified its place in the multi-chain future.

Learn More: //o3swap.com/

WingFinance

Wing Finance ($WING) is a credit-based, cross-chain decentralized lending platform. As a DeFi platform dedicated to the digital asset lending market, Wing Finance supports cross-chain interactions between various DeFi products.

Combined with the Wing DAO, the platform’s decentralized governance model and risk control mechanism aim to foster mutually beneficial relationships between borrowers, creditors, and guarantors.

In addition, Wing Finance offers an innovative credit evaluation module that rewards users for developing good credit on the blockchain.

Combine the over $56 million TVL, more than a dozen ecosystem partners, lucrative APYs on Wing’s various flash pools attracting more users each month, and the growth stats are looking great for this DeFi Pioneer!

Learn More: //wing.finance/

Moonfarm

Moonfarm ($MFO) is a CeDeFi platform that enables multi-chain yield farming.

Moonfarm provides yield farming with zero impermanent loss and auto-compounding features, along with regular releases of lucrative farm pools that have pulled in over 10,000 users and $20 million TVL.

There’s plenty to love about Moonfarm, evidenced by their growing TVL, userbase, and partner ecosystem, which now includes the Kava Network!

Learn More: //moonfarm.finance/

The #CosmosEVM City Grows

The #CosmosEVM Pioneers swell in rank with each day, and every Pioneer brings something special and beneficial to the Kava Network.

The Pioneer program is driving exponential growth for Kava and its partners, a testament to Kava’s #BUIDLerOwned mission.

Kava’s on track to onboarding 100+ protocols and attracting $10B+ TVL, solidifying its place in the race to be the greatest #CosmosEVM L-1 on the planet. Mainnet is going to rock the industry.

Follow Kava on Twitter to keep up with current and future Pioneers.

About Kava

Kava (kava.io) is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network.

Read More: //kavawire.com/autofarm-stack-joins-kava-network-providing-lower-cost-freed-headspace-better-yield-exposure-with-one-stop-defi-suite/

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