INTRODUCING THE KAVA SAFU FUNDS.
What is it?
Kava SAFU Fund is an on-chain community pool that will increase the overall safety of the Kava platform by protecting against unforeseeable black swan events while giving users assurity that their funds are safe.
The Kava SAFU community pool’s main function is to make users whole after events like unforeseen bugs, exploits, hacks, liquidation failures or other technical issues that result in lost user funds.
These types of events haven’t happened on the Kava platform because of Kava’s architecture, robust testing, audits, and market monitor infrastructure. Now Kava is introducing the latest component in its security and reliability infrastructure; the Kava SAFU Fund. Designed to counter the unique threat of black swan events.
The Kava SAFU Fund will be created through a one-off inflationary event where 10% of Kava’s current token supply will be minted and held within the Kava SAFU Fund.
⬇️DETAILS:
