Kava Swap Price (SWP)

Kava Swap (SWP) Price Now

Kava Swap price today is $0.00713 with a 24-hour trading volume of $143,783. SWP price is up 0.14% in the last 24 hours. It has a circulating supply of 33.85Mil SWP coins and a max supply of 250Mil.
In order to search for real-time and historical information about Kava Swap (SWP) blockchain, including data related to blocks, transactions, addresses, and more, you may use Kava Swap (SWP) block explorers. Here are some of the most popular and useful Kava Swap (SWP) blockchain explorers out there:

• www.mintscan.io
• kava.bigdipper.live

What is Kava Swap?

Kava Chain is a decentralized, permissionless, censorship-resistant blockchain built with the Cosmos SDK. This means it operates much like other Cosmos ecosystem blockchains, and is designed to be interoperable between chains. 
‍Kava Protocol is the set of rules and behaviors built into the Kava Chain that enables advanced Decentralized Finance (DeFi) functionality like permissionless borrowing and lending.
‍The KAVA token is an asset on the Kava Chain. Kava Chain is secured by its token KAVA and it is used across the full chain as a transport and a store of value. It is given as a reward for minting USDX on the Kava app.

What is Hard Protocol?

Hard Protocol is an application that runs on Kava Chain. It does not have its own blockchain. It builds upon the Kava Protocol and adds new functionality, expanding the Kava Ecosystem to include an autonomous money market protocol.

The HARD token is an asset on the Kava Chain. It is given as a reward for supplying and borrowing on the Hard app.

What tokens and assets can be used on the Kava Blockchain?

Native assets
Native assets are tokens that originate on the Kava Chain. These currently include KAVA, HARD, and USDX.

KAVA and HARD are governance tokens, meaning holders can vote on the rules of the protocols. KAVA is also used as a Proof of Stake staking asset, which ensures the finality and safety of loans on the protocol and also acts as the ‘lender of last resort’ in certain situations. USDX is a stable coin loosely pegged to the US Dollar. It is minted when a  Kava CDP is opened. The exact value of USDX is determined by market forces. 

Non-native assets
Other tokens can also be issued on the Kava Chain. These non-native asset tokens are often used to “wrap”, “tokenize,” or represent assets on other chains. For example:

Binance Coin (BNB) can be represented as a token on Kava Chain. During a cross-chain swap, BNB(Kava) coins are created or destroyed (burned) on Kava Chain, and frozen/unfrozen on Binance Chain.

Assets from other blockchains are considered non-native assets. This includes coins from other Cosmos ecosystem blockchains, which can connect to the Kava Chain through protocols like Cosmos IBC.

Be aware that KAVA (native) has been tokenized on other blockchains, namely Binance Chain. KAVA (BEP-2) is a token that exists solely on Binance Chain. Do not send KAVA (BEP2) directly to the Kava Chain.

BTCB
represents BTC which has been tokenized on Binance Chain. This BNB token has also been tokenized on KAVA, making BTCB (Kava) a doubly tokenized representation of BTC.

Why use Kava/Hard?

Borrowing
Kava and Hard protocols let users take out loans in a decentralized fashion. This democratizes finance by removing the barrier to entry, lowering friction, and removing gatekeepers.

Lending
The Kava and Hard protocols let users turn their idle cryptocurrencies into interest-producing assets safely and transparently.

Rewards
As the protocols scale, numerous rewards are available to early adopters.DeFi applications - developers are encouraged to build new apps, integrations, and protocols in the Kava ecosystem for new business use cases.

How can I earn money on Kava?

Staking
Like most Proof of Stake (PoS) blockchains, KAVA holders can ‘stake’ their KAVA by either running a validator node themselves or by ‘bonding’ their tokens to a third party that is running a node. Bonding temporarily locks in your coins for a 21-day. 

Borrowing
Use your assets as collateral to borrow other assets, then using those to earn returns by trading or with other DeFi pursuits. Users can borrow USDX on Kava and other assets on Hard.

Lending
Supply assets to the Hard Protocol and automatically earn rewards in HARD tokens.

Kava Swap (SWP) Community

• Twitter: https://twitter.com/kava_labs
• Reddit: https://reddit.com/r/kava_platform
• Medium: https://medium.com/kava-labs
• Telegram: https://t.me/kavalabs