(PRESS RELEASE – San Francisco, California, January 18, 2023)
Today, Coinbase has listed kava and will launch a massive learning rewards campaign to educate its user base on how Kava is leading the world to Web3.
Kava is a decentralized Layer 1 blockchain that combines the speed and interoperability of Cosmos with the development power of Ethereum. Kava spent the last year building a deep integration with Coinbase that streamlines the process for Cosmos SDK chains to integrate with Coinbase helping drive new liquidity to the Cosmos ecosystem.
Unlock Cosmos Liquidity
Coinbase’s native integration with Kava allows for easy listing of Kava ecosystem projects, KAVA’s participation on Coinbase, and unlocks DeFi usage for Coinbase users on Kava. Additionally, Kava worked with the Coinbase team to significantly facilitate the listing of Cosmos chains on the exchange, unlocking access to liquidity for Cosmos projects and further driving adoption and growth of the entire Cosmos ecosystem. The entire process reduces the timeline to integrate the Cosmos SDK chains to Coinbase from 12-18 months to a single month. Cosmos chains can now be integrated as easily as ERC-20 tokens. A big step forward to increase liquidity within the Cosmos Ecosystem.
“It is exciting to see Kava listed on the largest regulated exchange in the US. Coinbase sets the standard as the most important onramp for new users and capital in the blockchain ecosystem. I look forward to increasing the exposure of Kava to new users, which will have downstream effects for all protocols in the Kava Rise program and the Cosmos ecosystem.” —Scott Stuart, CEO of Kava Labs.
Driving protocol growth with Kava Rise
Kava was built from the ground up to optimize its resources for protocol growth, strengthened by its Cosmos-EVM technology that enables maximum scalability, speed, security, and developer support. In 2022, Kava combined on-chain and off-chain growth mechanisms into a single developer incentive program called Kava Rise.
Kava Rise aims to set a new standard to enable the growth and demand of thousands of Web3 protocols. Builders get a share of Kava Rise’s $750 million developer incentive fund through the program’s blockchain-based distribution method, designed to reward the best protocols each month based on usage. Over 50 protocols such as Curve Finance, Sushi, and Beefy Finance have collectively contributed over $15 million of TVL to the ecosystem, demonstrating the program’s ability to allow protocols to grow and prosper regardless of market conditions.
About Kava
Kava fuels Web3 growth with the best on-chain incentives and Cosmos-EVM side-chain technology. Join the network that brings millions to Web3 at kava.io.
Binance Free $100 (Exclusive) – Use this link to sign up to receive $100 free and 10% off your first month’s fees for Binance Futures (terms).
PrimeXBT Special Offer – Use this link to sign up and enter the code POTATO50 to receive up to $7,000 on your deposits.
