Express

Kava Launched A New Proposal to Distribute 5 Million KAVA Per Year to Bitcoin Holders Minting USDX

Amy Liu

Summary: The cross-chain DeFi protocol Kava tweeted today that Kava Proposal 21 is now in voting period. If the proposal is passed, 5 million KAVA will be distributed each year to Bitcoin holders minting USDX. Bitpush note: USDx is a synthetic stablecoin supported by algorithmic stablecoins, and its composition and weight can be adjusted through chain ...

The cross-chain DeFi protocol Kava tweeted today that Kava Proposal 21 is now in voting period. If the proposal is passed, 5 million KAVA will be distributed each year to Bitcoin holders minting USDX. Bitpush note: USDx is a synthetic stablecoin supported by algorithmic stablecoins, and its composition and weight can be adjusted through chain governance. 1 USDx = 80%USDC + 10%PAX + 10%TUSD.

By Amy Liu

Last Update:

Tags: ,,,
Link: Kava Launched A New Proposal to Distribute 5 Million KAVA Per Year to Bitcoin Holders Minting USDX   [Copy]
Next:

Related Articles

  • Bitcoin DeFi and Layer 2s: The Next Trillion-Dollar Opportunity? 2 days ago
  • Is the Crypto Bull Market Over? 3 days ago
  • EIGEN Airdrop: The Evolution of Ethereum 3 days ago
  • The Endgame of Layer 2s, Explained 7 days ago
  • The Bitcoin Halving is Complete! What’s Next? 14 days ago

    • You need to login to comment.