Kava Swap cryptocurrency exchange is a decentralized exchange based on an automated market maker (AMM). The exchange is a part of the Kava ecosystem and it operates over several chains. Users of the Kava Swap cryptocurrency exchange can not only trade among the top crypto assets, but they can also invest in market-making pools. This allows them to earn native returns and SWP rewards.
Apart from the Kava Swap, the Kava ecosystem itself allows users to mint stablecoins, lend, borrow, earn, and trade among the world's greatest crypto assets in a secure and efficient manner.
Since Kava Swap is a decentralized platform, there's no need for users to go through the KYC process.
Markets
There is no such thing as the Kava Swap spot market as trades are based on a simple swapping mechanism. Overall, as of writing, there are 11 Kava Swap trading pairs. Note that it is a crypto-only exchange. The platform supports the following assets: KAVA, HARD, USDC, SWAP, BNB, BTCB, BUSD, and XRPB.
The Kava Swap cryptocurrency exchange has a native token known as SWP, which serves as the governance token. Users have the ability to vote on any changes that are made to the settings of the Kava Swap program by using these SWP tokens. Check out the current Kava Swap crypto price here.
There's no information about Kava Swap exchange fees.
Other Services
Apart from swapping, the exchange also allows users to earn passive income by providing liquidity to liquidity pools. Moreover, they can also generate income through staking.
Furthermore, users are allowed to utilize their assets as collateral for loans denominated in USDX stablecoins using the Kava Mint protocol. The KAVA token is the primary unit of governance for Kava Mint.
Additionally, users are able to accrue incentives via the usage of the Kava Lend protocol by contributing assets to money markets and borrowing assets from other users. HARD is the native token of the Kava Lend protocol.
About the Company
Kava was launched in 2018 by a foundation called Kava Labs, which is a for-profit organization. Ruaridh O'Donnell, Brian Kerr, and Scott Stuart are the founders of Kava Labs. Entrepreneur Kerr serves as the Kava board member. He formerly belonged to the esports league Fnatic. O'Donnell works as a data analyst and software engineer. Entrepreneur Stuart serves as the CEO of Kava.
The Kava ecosystem is encompassed of a variety of protocols each having its own crypto assets. This includes Kava Swap, Kava Lend, and Kava Mint. Overall, KAVA is the main cryptocurrency of the whole ecosystem.
