Kava Swap (SWP)

What is Kava Swap (SWP)?

Kava Swap is known as AMM with cross-chain feature, used to develop on the Kava Blockchain platform. Accordingly, Kava Blockchain builds on the Cosmos SDK. Users can take advantage of aggregating liquidity from various Blockchains such as 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 being Kava Protocol and Hard Protocol.

Kava Swap Setup Process

• Version 1: Supports swapping between BTC, XRP, USDX, KAVA, BNB, BUSD, HARD and SWP. Corresponding liquidity pools will also be implemented for each tradable coin asset pair contributed by liquidity providers. The addition of new assets or support for new liquidity pools will be available through on-chain governance votes in version 1.
• Version 2: Bundles all functionality into the Kava API – where apps that support crypto users can be easily integrated. And the project also allows users to trade or invest capital to cooperate as a liquidity provider. This version will also be upgraded and added to include some improvements in administration as well as scalability.
• Version 3: Smart Liquidity Bridge connecting the two sides of Binance Smart Chain and the Ethereum ecosystem. Users can allocate capital to liquidity pools to conduct trades across different ecosystems, DEXs and AMMs.
• Version 4: Smart execution for swaps and additional ecosystem bridges where Kava Swap is capable of routing liquidity to DeFi applications and financial services.

Highlights of Kava Swap (SWP)

• Kava ecosystem is famous for many Protocol Lending / Borrowing crosschain, an AMM project will definitely take advantage of the Stablecoin, Lending / Borrowing platforms available on the Kava ecosystem.
• The initial orientation of Kava Swap is a cross-chain AMM, the project will soon integrate with BSC and Ethereum after launch.
• Kava Swap is the first AMM on Kava, according to the projectRoadmap, it is likely that Kava Swap will launch IDO on its platform. This bodes well not only for Kava Swap, but also for the entire Kava ecosystem. IDO will be the foundation for the future expansion of the KAVA ecosystem.
• IEO: In the project's tokenomics, 5% of tokens will be sold IEO, which means that at launch, Kava Swap will be supported and listed directly on one of the famous CEX exchanges.

Roadmap

• Kava Swap Code Freeze (June 30, 2021): All internal Kava Swap module code will be fully tested internally and "frozen". Also, no new features are allowed while internal and external testing is initiated.
• Kava Swap encourages testnet (July 12, 2021): Calling users to participate in tesnet testing.
• Completing the Kava Swap audit (July 14, 2021): Complete the internal and external audit process.
• Stream decision (July 21, 2021): Through feedback from internal and external reviews and discussions, combined with results from testnet testing, a “streaming” decision will then be made. continue” with Kava Swap for the Kava Validator community.
• Mainnet Launch (August 12, 2021): This is the introductory Kava Swap launch for the Kava DeFi platform. A series of administrative recommendations will then be required to kick off the various Kava Swap features with the aim of ensuring maximum security during deployment.

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