San Francisco, California, January 18, 2023, Chainwire
Today, Coinbase 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 developer power of Ethereum. Kava has built a deep integration with Coinbase over the past year that optimizes the process for the Cosmos SDK Chain to integrate with Coinbase to help drive new liquidity in the Cosmos ecosystem.
Unlocking Cosmos Liquidity
Coinbase’s native integration with Kava allows for easy listing of Kava ecosystem projects, Kava staking on Coinbase, and unlocking DeFi access for Coinbase users on Kava. Additionally, Kava worked with the Coinbase team to make it significantly easier for the Cosmos Chain to be listed on the exchange, unlocking access to liquidity for Cosmos projects and furthering the adoption and growth of the entire Cosmos ecosystem. The entire process shortens the timeline for integrating the Cosmos SDK chain into Coinbase from 12-18 months to one month. The Cosmos Chain can now be easily integrated as an ERC-20 token. A big step towards increasing liquidity within the Cosmos Ecosystem
“It is exciting to see Kava listed on the largest US-regulated exchange. Coinbase sets the standard for new users as the most important on-ramp and capital in the blockchain ecosystem. I look forward to seeing Kava grow in exposure to new users which will have downstream implications for the Kava Rise program and all protocols in the Cosmos ecosystem.- Scott Stuart, CEO of Kava Labs
Fueling Protocol Growth with Kava Rise
Kava was built from the ground up to optimize its resources for protocol development, underpinned by its Cosmos-EVM technology which enables maximum scalability, speed, security and developer support. In 2022, Kava will combine on-chain and off-chain development mechanisms into a single developer incentive program called Kava Rise.
Kava Rise aims to set a new standard to enable the development and on-demand of thousands of Web3 protocols. Builders earn a share of Kava Rise’s $750M developer incentive fund through the program’s blockchain-based distribution methodology, which is designed to reward top protocols each month based on usage. Over 50 protocols such as Curve Finance, Sushiand Beefy Finance have collectively brought over $15M TVL into the ecosystem, demonstrating the program’s ability to enable protocols to grow and thrive regardless of market conditions.
Kava charges Web3 development with the best of on-chain incentives and the Cosmos-EVM sidechain technology. Join the network bringing millions to Web3 on kava.io