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

  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 10 days ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 11 days ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 18 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... October 5, 2025
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... October 1, 2025

    • You need to login to comment.