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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

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