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An overview of the innovative modules of the Kava 11 main network, bringing new growth potential

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Kava is on track to reach its initial goal of $1 billion TVL and deployment of over 100 network protocols.

Original title: "An Overview of Kava 11's Innovative modules for New Growth Potential"

Original source: Kava Labs

Kava is on track to reach its initial goal of $1 billion TVL and deployment of over 100 network protocols. On October 27, Beijing time, Kava's growth engine underwent a massive upgrade.

Let's take a look at the big changes brought about by the upgrade of the Kava 11 main network.

The Kava Rise developer incentive program is paying off

Kava 10 main network upgradeThe activation of the Kava Ethereum Virtual Machine (EVM) laid the foundation for CosmosEVM and supported the flow of all the value of the Ethereum ecology into the Kava Network.

Developers and protocols now own all the functionality of ERC-20 compatible networks, plus more than $750 million worthKava RiseDeveloper incentives, as well as Kava's presentation of more services for usersThe roadmap, are the root cause of Kava's growth.

Despite its limited functionality and range of use, Kava EVM has grown considerably in just a few months since its launch. Since the feature was announced in May 2022, the total number of packaged KAVAs has exceeded 320,000. In addition, the Kava Ethereum co-chain has processed more than 5.5 million transactions between more than 1.89 million wallet addresses.

This is largely due to the ability of the Kava Rise incentive program to grow developers. At present, more than 40 protocols have been deployed in Kava ecology, and it has climbed to the top 15 on DeFiLama's DeFi TVL list. Kava Network has more than $250 million of TVL, the total potential market and the value to be obtained in the future will be geometricgrowth.

Among all the protocols that have completed deployment, projects to watch include top DeFi protocols such as Curve Finance and Sushi.Kava 3pool on Curve FinanceTVL broke $14 million in the first few days after KAVA Rewards went live, putting Curve in the lead in TVL deals on Kava behind Kava Mint and Lend.

Curve Finance has officially launched on Kava

Soon after Curve integrated Kava,Sushi completed its deployment on Kava EVM. Now the user goes toWKAVA/USDC poolProvide liquidity, you can get KAVA and SUSHI double rewards.

Sushi successfully deployed to Kava and debuted a new UI

Sushi's deployment will also launch its most popular Dapps -- Trident, Furo, BentoBox, and Onsen -- in conjunction with the Kava co-chain. Starting with Trident, all Sushi Dapps deployed on Kava will be eligible for an allocation of Kava Rise Awards. With these deployments, Sushi is becoming Kava's first DEX.

The data clearly shows that Kava is built for protocol growth. Kava 11 is driving the rapid expansion of protocols by significantly increasing the incentives for developers in the ecosystem - Kava's growth engine is running at full capacity!

Kava Incentive Plan 2.0 was announced

The next Kava upgrade will be accompanied by several major updates that will improve the way users earn money on Kava. Both mature DeFi users and new users looking for high-revenue opportunities will benefit from Kava's ease of use and profitability.

Let's take a look at the major new features and protocols of Kava Network.

Kava Liquid

Kava Liquid is the first ever fully convertible liquidity pledge protocol dedicated to unlocking all pledges of KAVA (bKAVA) to make it available to DeFi protocols on the Kava Network.

All other liquidity pledge providers like Lido retain the voting rights of the user, so if 100% of the pledge ETH is made through Lido, then all voting rights will be controlled by Lido. In contrast, Kava allows users to choose verifier and retain your voting rights while pledging with Liquid, so even if users pledge 100% of their KAVA through Liquid, the Kava Network will remain sufficiently decentralized.

Also, unlike pledged ETH, all pledged KAVA is always 100% ready to convert to KAVA token, and unlike pledged Lido derivatives, all bKAVA in Kava Liquid is always 100% ready to convert to pledged KAVA.

To fully realize these advantages, Kava 11 will redistribute the majority of pledge rewards to liquidity pledge and compound interest strategies -- converting pledged KAVA to bKAVA and making bKAVA available to the Earn and Boost modules (described below) will significantly increase user annualized returns.

Kava Earn

Kava EarnIs a revenue optimizer for the most commonly used Ethereum tokens and stablecoins in the Kava Network. Kava Earn followThe integration of the Multichain, which enables users to transfer assets from the Ethereum main network, BNB chain, Avalanche, Polygon, and Cronos across chains to Kava EVM. Starting with USDC, future releases will integrate multiple ERC-20 assets (USDT, WETH, DAI, WBTC, etc.) into the network.

Kava Earn automatically executes high-yield DeFi strategies for top Kava protocols, enabling developers to earn more rewards and accumulate additional resources to reward users through the Kava Rise incentive program.

Kava Boost

Kava Boost is a new protocol that gives users super power over their KAVA rewards. Its first application will be Kava's new liquidity pledge feature, which enables users to supply bKAVA to Boost for additional rewards.

Kava foundation

The Kava Network is setting up a foundation to safeguard the future of the network. The Kava Foundation will enhance cybersecurity, help cyber infrastructure development, and create new avenues for growth and innovation through community-owned mobility.

Kava Foundation | Provides a comprehensive guarantee for the ecological growth of Kava

The Kava Foundation formalizes the Kava Community Pool, an on-chain pool of funds managed by KAVA trustees. The Community pool has been established for nearly three years and currently manages about $200 million in assets.

As part of the formalization process, KAVA token inflation will flow to the foundation. Unlike other community pools, the use of these funds will be governed by a full KAVA governance vote by KAVA's trustees. This is Kava's contribution to security and decentralization.

A portion of the foundation's reserves will become community-owned working capital, unlocking Kava Foundation's KAVA funds for top Kava agreements and channeling additional funds to agreements through the Kava Rise program.

Sign the SDK transaction in Metamask

The final feature upgrade for the Kava 11 main network is the ability to interact directly with the Kava App via MetaMask and sign the Cosmos SDK transaction, which will start with USDC first.

Complex transactions and ERC-20 incompatibilities will disappear. Users will soon be able to interact via MetaMask after transferring account funds from EVM to Cosmos for Kava.cosmos.

This upgrade condenses all three message signatures into one event via MetaMask: cross-chain the asset to Kava's CosmosEVM co-chain, feed it to Kava Earn (on the Cosmos SDK side), and feed it to Mint& All of this will be done in a single transaction.

Subsequent versions will support seamless transfer of ERC-20 assets from a single transaction on MetaMask between Ethereum deployed to Kava and the cosmos based protocol.

Cancel the lockup period for new rewards

Taking into account the above new features, Kava has also abolished the lockup period for new claimants after the launch of the Kava 11 main network. These include rewards for Curve, Sushi, Kava's internal protocol, and other rewards for all tokens!

After the Kava 11 main network upgrade, any claimed awards will be exempt from the lock-up period and all awards are fluid. Any existing locked rewards (claimed prior to the Kava 11 main network launch) will retain their current unlock date.

conclusion

The Kava 11 main network will launch pledged derivatives to retain voting rights and create more revenue opportunities.

In addition, the development of Kava Earn and the launch of Boost will simplify Kava Network's earnings. Users can sign SDK transactions directly through MetaMask, optimizing the process for the pledgee. Finally, canceling the bonus lock-up period unlocks all claimed rewards in the future.

Kava has the potential to be a top 10 DeFi network, challenging protocols like Avalanche. More and more good developers have joined Kava, bringing new users and TVL with them. Are you ready to join Kava?