Exchange Kava (KAVA)
If you're looking to swap Kava, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Kava or some fresh information about KAVA’s price movements. And, of course, we provide you with the multiple Kava exchange options so that you can choose the offer with the best rates and lowest Kava fees, as well as other parameters that suit you.
Kava Price Stats
To help you make a decision about exchanging your Kava, we gathered some cold hard numbers: Kava price chart and other stats, such as Kava market cap.
24H HIGH $1.03
KAVA MARKET CAP $281,905,870.486
CIRCULATING SUPPLY 275,837,446.659 KAVA
24H LOW $0.9887
KAVA PRICE $1.022
24H VOLUME $4,865,028.953
Kava Price Chart
Here you can see the current price of Kava, as well as Kava price history.
What is Kava?
Kava is a cross-chain DeFi platform for lending USDX stablecoins. Platform users can borrow stablecoins while depositing their collateral and purchasing a variety of other digital assets to start profiting from it. It was launched in 2019. As the official website says, Kava aspires to make democratized financial services available for everyone.
Kava DeFi hub is functioning as a decentralized bank of digital assets providing users with access not only to stablecoins, but also other financial services such as synthetics and derivatives. To use the assets across different chains they need to be wrapped as BEP-20 tokens. Also, users can mint their USDX stablecoins and then contribute it to the platform's money market (HARD Protocol) and thus earn APY while the collateral is secured by the network.
The project is built on the Cosmos blockchain and uses a collateralized debt position system (CDP) to ensure that stablecoin loans are sufficiently collateralized. If the borrower couldn’t keep their collateral higher than a defined threshold limit, the Kava liquidator module will take collateral from the failed CDPs and redirect them to the auction.
The platform is fueled by utility Kava tokens which also grant the governance of the platform and could be used as a reserve currency if the system is undercollateralized. Kava is an inflationary token with a total supply of 111.5 million tokens that grows every year from 3% to 20% depending on the staking proportion. The current circulating supply is 91 million coins.
A Simple Way To Exchange Kava Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 2200 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.