Kava Swap —A liquidity Hub Bridging DeFi, Blockchains, & Financial Services
Kava Swap Testnet will be launching within two weeks. Alongside with the launching, Kava Labs invites people to take their part to participate on the testnet competition to get a chance win a share from $100,000 prize pool just by trading on Kava Swap application.
WHAT IS KAVA SWAP
Kava Swap is a cross-chain Autonomous Market Making (AMM) Protocol built on the Kava platform that delivers a seamless way to swap between assets of different blockchains and deploy capital into market making pools to earn returns.
HOW KAVA SWAP WORKS?
- Swap — You can seamlessly trade or swap between assets with guaranteed liquidity.
- Supply Liquidity — You can turn your digital assets into productive assets by supplying them as capital to the liquidity pools used by the autonomous market maker when swapping between assets.
- Earn — Liquidity providers earn fees from traders and Kava Swap Tokens, the governance token of the Kava Swap application.
Kava Swap is an application built on the Kava blockchain platform. 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. The code will exist as a discrete module that will be added to the existing Kava Mainnet software package.
HOW TO PARTICIPATE ON KAVA SWAP TESTNET COMPETITION ?
Kava Swap Testnet Competition will start 10 days from now. Kava Swap’s testnet is a way for traders and Liquidity Providers (LP’s) to gain early access to Kava’s cross-chain AMM to familiarize themselves with the platform and to stress-test Swap prior to its mainnet launch.
How to Participate?
🌟 Navigate to kava.io/swap and complete the registration form.
🌟Connect your TrustWallet to the testnet app and begin trading
Payouts
- Two tiers of prizes— can only win in 1 of these 2:
- Tier 1 — top 1% of participants are entered in random drawing for one of five 10,000 USD prizes
- Tier 2 — top 5% of participants get entered in random drawing for one of twenty 2,500 USD prizes
- Payouts will occur the week of September 13th, 2021.
Competition Period
July 28th at 17:00PST — August 4th at 17:00PST
The Kava Swap Token’s primary role is to give holders a voice in the maintenance and evolution of the protocol. Collectively, Kava Swap Token holders are responsible for managing key parameters of the protocol such as what assets are to be offered, how rewards are distributed amongst assets, as well as set any platform fees, etc.
ABOUT KAVA SWAP
Kava Swap is a cross-chain Autonomous Market Making (AMM) Protocol built on the Kava platform that delivers a seamless way to swap between assets of different blockchains and deploy capital into market making pools to earn returns.
ABOUT KAVA LABS
Kava Labs is an interledger solutions provider focused on bringing blockchains, wallets, and exchanges the interoperability of Interledger
