KAVA’s on-chain activity – Livestreamed on the Flipside Data Cooperative
Kava is the latest in a series of blockchain projects to join the Flipside Data Cooperative – a transparency initiative for partner networks to showcase their on-chain activity publicly.
“Data integrity is a core value of the Kava DeFi platform. In an effort to increase the standard of transparency to the larger crypto community, Kava has partnered with Flipside to bring real time data about the activity and health of the Kava project to the public. This information is imperative and we hope more DeFi projects will join us in this pursuit.” Brian Kerr CEO and Co-Founder of Kava Labs.
The public release provides unparalleled insights and data into Kava’s health as a project.
Community members can now watch all KAVA token flows in real time, and view how much of the active supply is being staked over time. The on-chain activity of validators, top holders (activity for addresses that control over 3,500 KAVA), and less active wallets can be discerned separately.
Benchmarks are also provided to compare Kava’s median on-chain volume, transactions, and unique addresses to more than 50 blockchain networks that are monitored by Flipside. Kava’s metrics show a higher than average number of median daily transactions, which reflects its very active ecosystem.
“We started the Flipside Data Cooperative as an initiative to bring more transparency to the crypto space, and Kava was one of the first projects to jump on board. From the very beginning, their team has been dedicated to using our insights to increase decentralization and community leadership. We are thrilled to be partnering with them to further their efforts in fostering trust and collaboration with their users.” – Dave Balter, CEO at Flipside Crypto.
Kava is a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield.
The Kava DeFi hub operates like a decentralized bank for digital assets, allowing users to access a range of decentralized financial services, including its native USD-pegged stablecoin USDX, as well as synthetics and derivatives. Through Kava, users are able to borrow USDX tokens by depositing collateral, effectively leveraging their exposure to crypto assets.
Built on the Cosmos blockchain, Kava makes use of a collateralized debt position (CDP) system to ensure stablecoin loans are always sufficiently collateralized. If a borrower fails to maintain their collateral above a required threshold, the Kava liquidator module will seize collateral from failing CDPs and send it to the auction module for sale.