Coinbase Welcomes KAVA, Enhancing Ethereum and Cosmos Synergy
On January 18, 2023, Chainwire reports from San Francisco, California
Today, Coinbase has listed Kava and will launch a significant Learning Rewards Campaign designed to educate users about how Kava is paving the way for the future of Web3.
Kava stands out as a decentralized layer-1 blockchain that fuses the rapid functionality and interconnectedness of Cosmos with the robust development capabilities of Ethereum. Throughout the past year, Kava has focused on deepening its partnership with Coinbase, enhancing the integration process for chains utilizing the Cosmos SDK to connect efficiently with Coinbase, thus driving fresh liquidity into the Cosmos ecosystem.
Unlocking Cosmos Liquidity
Coinbase’s direct link with Kava means streamlined listings for projects within the Kava ecosystem, easy KAVA staking for Coinbase users, and opens up DeFi opportunities on Kava for Coinbase's extensive user base. Moreover, Kava collaborated with the Coinbase team to simplify the listing process for Cosmos chains significantly, which boosts liquidity for these projects and promotes wider adoption and expansion of the Cosmos ecosystem. This whole procedure trims down the integration timeline for exchange Cosmos SDK chains to Coinbase from what used to be 12 to 18 months down to just a month. Now, integrating Cosmos chains is nearly as straightforward as adding ERC-20 tokens. A liquidity boost within the Cosmos Ecosystem major step forward to increasing “It’s thrilling to see Kava making its debut on the largest regulated exchange in the United States. Coinbase is the benchmark for welcoming new users and investment into the
. I am eager to increase Kava’s visibility among new users, as this will have positive repercussions for all protocols involved in the Kava Rise initiative and the broader Cosmos ecosystem.” — Scott Stuart, blockchain ecosystem Boosting Protocol Development with Kava Rise CEO of Kava Labs
leveraging resources for protocol expansion, reinforced by the Cosmos-EVM framework that ensures superior scalability, speed, security, and support for developers. In 2022, Kava unified various on-chain and off-chain development strategies into a single incentive program branded as Kava Rise.
Kava was built from the ground up to optimize The goal of Kava Rise is to redefine the way growth and demand are generated for countless
. Builders can tap into Kava Rise’s substantial $750 million developer incentive fund through a blockchain-based distribution mechanism that awards the highest-performing protocols each month based on their utilization. Over 50 Web3 protocols , including Sushi and Beefy Finance, have collectively driven over $15 million in Total Value Locked (TVL) into the ecosystem, showcasing the program's capacity to empower protocols to flourish under any market scenario. protocols like Curve Finance Kava supercharges Web3 expansion by offering premier on-chain incentives along with Cosmos-EVM sidechain technology. Become part of the network that is ushering millions into Web3 at
About Kava
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Kava Labs
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