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

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 4 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 5 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 16 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 17 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 19 days ago

    • You need to login to comment.