Kava 10: A public chain ecological construction demonstration

It was once said that if the Ethereum Foundation did not sell the ETH it held in the early stage, its capital volume would be hundreds of times that of the present. However, after thinking about it, if the Ethereum Foundation did not use the funds for ecological construction by continuously selling ETH, then we may not experience a huge increase in ETH.

A good ecology can promote the development and progress of the project, and form a good cycle, encouraging more people and resources to invest ecological construction. For a project with a simple form, such as GameFi, a good ecology means a high number of active addresses and huge inflows and outflows of funds. For the most complicated public chain track in the industry today, how does the public chain build an ecology and form a good cycle?

Recently, Kava launched the Kava 10 main network, and launched the Pioneer Program and the Rise Developer Incentive Program. Thus showing us the iterations and ecological construction of the public chain.

EVM, a shortcut to ecological construction

As we all know, Ethereum is currently the most ecologically rich public chain in the entire encryption industry. With the minimum cost and the lowest technical threshold, helping projects based on Ethereum to migrate has become the first choice of many public chains. Kava also made such a choice, and took the first step of multi-chain compatibility on the Kava 10 main network, activating EVM.

In addition to activating the EVM, Kava 10 is also linked to the Cosmos ecosystem through the IBC protocol. This means that Kava Network combines the flexibility of Ethereum smart contract development and the interoperability of Cosmos SDK, which Kava Network calls Co-Chain Architecture.

From the data point of view, Ethereum and Cosmos have more than 90 billion US dollars in asset accumulation and tens of millions of users. With this upgrade, it undoubtedly opened up the channel for Kava to attract these assets and users, and at the same time, it also opened up the imagination space for Kava's development.

In addition to data, the more obvious change is the improvement of user experience, which is also one of the important reasons for the ecological construction of the public chain . Judging from the official information, various mainstream liquidity protocols, revenue aggregators, and DEXs can be easily deployed to the Kava 10 mainnet. Correspondingly, these protocols can also call ChainLink oracles and The Graph subgraph indexes on Kava 10.

For the public chain, EVM is not a panacea to solve the lack of ecology. The activation of EVM only provides a shortcut for the ecological construction of the public chain. As for the effect, it needs the follow-up operation and practice of the public chain team.

Demonstration, public chain and project cooperation value

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While the public chain is being built, projects on the public chain are also developing. The public chain wants more projects, and the projects want more attention, more use, and more deployment of the public chain. There are some overlapping interests between the two in terms of goals. How to maximize the interests of both parties has become a difficult point when the public chain and project energy are limited.

By launching the Pioneer Program, Kava took the lead in reaching cooperation with the current mainstream 30+ projects. Projects participating in the Pioneer Program include Multichain, Poly Network, RenVM, O3 Swap, Saddle Finance, involving DeFi, NFT, cross-chain and many other popular fields. It is reported that since the launch of the Kava EVM co-chain, more than 400,000 wallets have interacted, processed 743,000 transactions, and nearly 150,000 wrapped KAVA have been minted so far.

The Pioneer Program started with the Kava 9 mainnet and ended with the official launch of the Kava 10 mainnet. As an ordinary user, it seems that Kava does not feel the improvement in user experience and ecological richness.

In fact, Kava 9 can be understood as a transitional stage of Kava 10, and more is left to the project side for compatibility, A period of security testing. As Ticky, head of operations at Kava Labs in China, said, before each application of Kava goes online, it will go through a rigorous internal and external audit process, and the corresponding testnet results and audit reports will be made public to the community.

In other words, the pioneer plan that took the entire life cycle of Kava 9 laid the foundation for Kava's later ecological explosion. At the same time, by cooperating with leading projects to demonstrate to small and medium-sized projects, the value that the Kava public chain can bring to them. Of course, for top projects, ordinary cooperation is difficult to attract attention, and how to attract them to join Kava has become a big problem. This has to mention the most important developer incentive program "Kava Rise" after the launch of Kava 10.

The construction of ecological incentives and public chain development

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The operation strategy can be seen from the recent airdrops issued by the popular Layer2 public chain Optimism. Optimism uses staged airdrops to continuously encourage users to interact before the airdrop incentive is completed, and can continuously improve the ecological construction during the incentive period. Of course, there are also public chains that learn from the Ethereum Foundation and continue to invest in incubating their own ecological projects by selling some Tokens.

Kava's approach is slightly different. Before the official launch of Kava 10, the Kava DAO has voted to allocate 7.5 billion for on-chain developer incentives. The incentive program is called "Kava Rise" and aims to attract the most innovative developers in the DeFi, GameFi and NFT fields to join Kava.

Kava Rise is motivated through on-chain programs, without the participation of centralized organizations such as teams, each Kava block will token 62.5 % to developers, 37.5% to stakers, and the plan is expected to last for 4 years. Kava Rise is not rewarding without principles, and there are certain requirements and thresholds for projects.

For DeFi projects, Kava requires first to be able to query on DeFi Llama, and to reach TVL on the Ethereum public chain or Cosmos public chain $10,000. At present, the commonly used indicator to measure the success of DeFi projects is TVL, because it is a simple and intuitive parameter to measure the number of participants and the amount of funds. For the first 100 DeFi agreements that meet the requirements, $KAVA will be distributed monthly according to the TVL share. This distribution mechanism is conducive to the precipitation of funds and healthy competition among projects.

Due to the lack of good judging criteria for NFT and GameFi projects, Kava DAO will vote for a specific distribution model in the future, and Assign using a programmatic-like and model-based approach.

It is reported that SushiSwap has become one of the first projects to join Kava Rise, and Sushi and Kava Ignition Fund will jointly distribute up to $14 million in liquidity mining rewards. According to DeFi Llama, the current TVL of the Kava ecosystem has reached 415 million US dollars. In the foreseeable time, more and more projects will be added to the Kava Rise plan.

As the most important part of the encrypted world, the public chain has its own unique reasons behind each rising public chain. Some people will regard the high token price increase as a sign of their success, while others think that a good public chain is only a rich ecosystem and a complete structure. The price of the token goes up and down. When it goes up, it is exaggerated. Does it mean the failure of the public chain when it goes down?

Ecology is a public chain If the fundamentals are good, value will return and value will be discovered sooner or later. This is also an important reason why all public chains are tirelessly building ecology.

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