What is the Kava Swap Project (SWP)?
Kava swap is AMM with cross-chain functionality developed on the Kava blockchain platform. As we all know, Kava Blockchain is built on top of the Cosmos SDK. This makes it possible to aggregate the liquidity from different blockchains like Binance Smart Chain, Ethereum and their existing DeFi applications.
Kava Swap is one of the first three structural platforms that make up the Kava Blockchain ecosystem, the other two names being Kava Protocol and Hard Protocol.
The role of Kava Swap for the Kava Platform and Hard. Apps
Roles for the Kava Blockchain Platform:
- Seamless exchange between assets on the Kava platform
- Exchange cross-chain assets between Kava, Ethereum, Binance Smart Chain, etc.
- Exchange reward tokens (from Kava’s Lending / Borrowing, Yield Farm Apps) for any other currency available on the platform.
Kava Swap is one of the three pillars of the Kava DeFi ecosystem that will drive the massive growth of existing applications. Every application made available on the Kava platform is combined with other applications.
- Kava CDP enables users to create stablecoins which can then be used for profit on the HARD money market.
- Kava Lending and Hard Protocol Money Market Products
- Kava Swap creates liquidity and cash flow from the above applications.
Outstanding properties of kava
- To deceive – Seamlessly trade or swap between assets with guaranteed liquidity
- Delivery liquidity – Turn your digital assets into productive assets by providing an offer as capital – Providing liquidity to the pools used by AMM when exchanging between assets
- To earn – Liquidity providers earn fees from traders and kava swap tokens who manage the platform through SWP tokens.
The process of building Kava Swap
- Version 1: Support of swaps between BTC, XRP, BNB, BUSD, USDX, KAVA, HARD and SWP. Corresponding liquidity pools are created for each tradable investment pair to which liquidity providers can contribute. In version 1, the addition of new assets and support for new liquidity pools will be available through on-chain governance reconciliations.
- Version 2: bundles all functions in the Kava API, where it can be easily integrated into any crypto-user-enabled application that enables its users to trade and use their capital as traders. This version also includes some management and extensibility improvements.
- Variation 3: Intelligent liquidity bridge between Binance Smart Chain and the Ethereum ecosystem. Users can allocate capital to pools of liquidity to trade across different ecosystems, DEXs and AMMs.
- Variation 4: Smart execution for swaps and additional ecosystem bridges where Kava Swap can route liquidity to a variety of DeFi and financial services applications.
Timetable
June 30, 2021 – Freeze the Kava Swap Code
- All internal code of the kava swap module is completely checked and “frozen” internally, so that no new functions can be added while internal and external tests are initiated.
July 12, 2021 – Kava Swap promotes Testnet test
- Encourage users to use tesnet. to join
July 14, 2021 – Kava swap audit completed
- Complete internal and external audits
July 21, 2021 – Streaming decision
- Based on the feedback from internal and external reviews as well as the results of the tesnet incentive, the decision is made to “go live” with Kava Swap for the Kava Validator community.
December 8th, 2021 – Mainnet start
- Kava swap release started for the productive Kava DeFi platform. After that, a number of administrative recommendations are given to enable various Kava swap functions to ensure maximum security of the deployment.
What are SWP tokens?
SWP is the token of the Kava Swap Platform. The functions of SWP are similar to those of current AMMs.
Some basic information about the Kava Swap Token (SWP)
- Token name: Kava exchange tokens
- Ticker: SWP
- Blockchain: Kava blockchain
- Standard token: Update
- Contract address: Update
- Circulating supply: Update
- First aid: 250,000,000 SWP
SWP token assignment
250 million kava swap tokens are minted during initialization and are accessible over a period of 4 years. The initial SWP token assignment is as follows:
- IEO: 5%
- Crew: 15%
- Budget: 25%
- Community: 55%
Project development team
Update
Partners and investors
Update
How to earn and own tokens
Kava Swap’s IEO is coming soon, stay tuned to CoinCu’s channels for the latest updates.
Token storage wallet
Update
The future of the kava swap project, should I invest in SWP tokens?
Kava swap is one of the DeFi application pillars that make up the Kava Blockchain ecosystem. Hard Protocol acts as a yield market, the project acts as a liquidity hub. Users can use Kava to maximize their profits on the Kava blockchain network. All information in the article is information compiled by CoinCu and does not constitute investment advice. CoinCu is not responsible for direct and indirect risks. Good luck!