back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Binance’s Kava launches Kava 4 Gateway

By Pavithra R

October 19, 2020

  • Kava
  • USA
Share

Kava 4 Gateway
Brian Kerr, Co-founder of Kava

Kava, a venture-backed company, working on frontier innovations within payments and blockchain technologies has announced the launch of Kava 4 Gateway.

Kava 4 Gateway is expanding the company’s capabilities enabling support for BTC, XRP, BUSD, and offers the ability to expand to more assets without requiring any network upgrade. It also includes Harvest.io, the company’s cross-chain money market application. Harvest enables users to lend, borrow, and earn with assets like BTC, XRP, BNB, BUSD, KAVA, and USDX.

The launch marks a major milestone for Kava, as the company ceases to be a single application blockchain, and becomes a true layer one DeFi Hub where developers can leverage Kava’s security, cross-chain bridges, and adapted Chainlink Oracles to create new cross-chain DeFi applications and deploy them to Kava’s global user base.

The firm has been experiencing rapid growth over the past few months since the Kava 3 launch. Kava 4 Gateway upgrade includes an impressive set of new modules and features. These include:

  • A Chainlink Oracle Update with BTC:USD, Bitcoin/USD market pair; XRP:USD, XRP/USD market pair; BUSD:USD, Binance-USD/USD market pair now available in the pricefeed module.
  • A BEP3 binance bridge expansion BEP3 cross-chain swaps will be now via the Binance deputy process. The system limits that were in place for BNB to limit risk in the initial Kava 3 launch for safety are now safely expanded to much larger numbers allowing much larger amounts of capital to flow into Kava for use in DeFi applications.
  • Kava CDP Update with BTCB-A, XRPB-A, BUSD-A, BUSD-B collateral types added.
  • Governance Update: In Kava 4, the governance process will be reduced to 1 week, down from the previous 2-week voting process, thereby adapting to fast-paced market dynamics of the DeFi market.
  • A Cosmos-SDK Update: Kava 4 enables validators to use the default “pruning=syncable” strategy again. 

Founded in 2018, Kava Labs is the developer of the Kava blockchain, the first multi-blockchain DeFi platform. The firm’s mission is to transform how the world transfers value.

Previous Article

October 19, 2020

Curve selects Thought Machine to boost new credit and loan offering

Read More
Next Article

October 19, 2020

Optimum Finance appoints Anthony Persse as the new Chief Executive

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 12, 2022

Kava

The Weekly Wrap: all you need to know by Friday COB | August 12th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 12, 2022

Verdant Capital raises USD 10m of debt funding for Zeepay

Read More

August 12, 2022

Synctera announced the appointment of Yvette Butler to its Board of Directors

Read More

August 12, 2022

PayGround launches Payment Financing Solution on its platform

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022