Kava Launches $185M Phase-1 Ecosystem Fund

Published on: 04.10.2021

With the announcement of the $185 million Ignition Fund to accelerate its development, Kava is officially launching its ecosystem.

Powered by the Kava Platform, the Kava Ecosystem will enable true scale by creating a safe, reliable, and user experience-driven environment for DeFi to grow. Projects that are selected to be a part of the ecosystem will benefit from Kava’s highly scalable Layer-1 architecture and institutional-grade security, as well as being underwritten by the Kava SAFU fund.

The services that make up the Kava Ecosystem will be a suite of best-in-class protocols developed by established teams. This development will be accelerated by the $185 million Kava Ignition Fund, allowing for projects to be rapidly onboarded and begin benefitting from the advantages of the Kava Platform.

The key difference between the Kava Ecosystem and others in the space is a fundamentally different approach to scaling. Where other Layer-1 ecosystems are all aimed at winning over today’s DeFi users with a laser focus on speed and cost, Kava is building an ecosystem designed to bridge the gap to the much bigger untapped market of mainstream users.

“There’s a massive opportunity in DeFi right now to be the first to bridge the gap between the early adopters and the untapped mainstream. The Ignition Fund is about getting Kava there first.” — Scott Stuart, CEO