Kava is an L1 blockchain using two permissionless ecosystems using a developer-optimized co-chain architecture. In addition to connecting Kava to several chains, Cosmos co-chain is highly scalable and secure. Ethereum co-chain is an EVM compatible exec environment empowering solidity devs and their dApps.
Liquid Staking Release
Liquid Staking will be implemented on Kava Network, enabling KAVA stakers access and utilize their funds in a tokenized manner while staking to increase security of the network and receive rewards.
Liquid staking is a process of delegation of tokens to a service that stakes on the behest of the trader. This allows traders to get accessibility to their funds even if they are staked.
Contrary to PoS staking, funds are escrowed but are still accessible. Demand for liquid staking has escalated for previous some years as it offers best of both worlds — a passive income and accessibility tostaked funds.
Ethereum Bridge Release
With Liquid Staking, Kava network is going to unveil the ETH bridge, allowing flawless bridging of thousands of ERC-20 assets and Ethereum onto the Kava ecosystem and bridging indigenous Kava assets onto Ethereum network and rest EVM-architecture networks.
Cross-chain bridges have completely shifted the way protocols interact and exchange value, specifically DeFi. With this bridging tech, Kava will make sure that its ETH bridge is extremely safe and scalable.
GameFi and NFT Incentive Program
The final launch to take place this month on Kava network is its GameFi and NFT incentive program, which will deliver massive KAVA incentives to Web3 devs in NFT and GameFi verticals.
These incentives will be dispersed among top 100 projects based on a blend of Transaction Volume and Active Monthly Users.
Kava Rise, a $750 Million incentive program designed especially to continue attracting the most innovative devs across GameFi, NFT and DeFi space to Kava Network.
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