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Kava introduces Kava Swap; a cross chain liquidity hub for DeFi apps & financial services

By Pavithra R

May 12, 2021

  • America
  • Kava
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Kava introduces Kava Swap; a cross chain liquidity hub for DeFi apps & financial services Kava Labs, democratizing financial services and making them openly accessible to anyone, anywhere in the world has announced its next project Kava Swap, a production-ready cross-chain liquidity hub for all DeFi apps and financial services.

Kava Swap is a cross-chain Autonomous Market Making (AMM) Protocol that leverages the Kava platform’s DeFi infrastructure, cross-chain bridges, and security. It delivers a seamless way to swap between assets of different blockchains and deploy capital into market-making pools to earn returns.

The hub is built to enable the aggregation of capital where it can and then be deployed seamlessly across different blockchain ecosystems, DeFi Apps, and Financial Services. Kava’s new protocol gives traders and liquidity providers the ability to swap natively between the world’s largest assets while earning strong yields.

“AMMs are emerging as the next big thing in DeFi. In traditional finance, market maker returns are reserved for only the most sophisticated trading firms. AMMs enable users of all kinds to participate. This increases the liquidity of markets while empowering even the smallest of users. The next logical step is expanding AMM interoperability in order to give traders and LPs a wider range of options and opportunities. With Kava Swap, we are building cross-chain liquidity pools to trade the world’s largest assets and to give all users the ability to maximize returns by leveraging the complete Kava platform,” said Brian Kerr, Chief Executive Officer of Kava Labs.

Kava Swap is built as an open and permissionless application and is accessible by anyone, anytime, anywhere in the world. Exchanges, FinTech apps, and financial institutions can leverage Kava Swap to access additional liquidity, trade assets, and extend earning opportunities to their users. It leverages Kava’s existing validators for security, bridges for cross-chain asset transfer, and partners services such as Chainlink oracles for price-reference data.

Enabling users to swap seamlessly between assets on the Kava platform allows users to avoid off-ramping problems when converting cross-chain assets and enables users to swap reward tokens for their desired currency all within the platform.

“Kava Swap gives everyone the ability to put their crypto to work. Our architecture connects assets and ecosystems so that anyone can earn high yields and swap seamlessly across blockchains. We are building a highly extensible, complete and secure liquidity infrastructure to provide a safe, efficient and streamlined user experience. With our platform, there is no need to go elsewhere to source the assets you need to conduct your crypto-transactions, empowering even little guys to be market makers,” continued Kerr.

Kava Swap is the third synergistic pillar of the Kava DeFi ecosystem that is expected to drive tremendous growth in existing applications such as the Kava Lending App and the HARD money market products.  It is to be made available in August 2021.

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