Kava Swap update: SWP Live price, price chart, news and markets

Introducing Kava Swap (SWP)

Kava Swap, also known as SWP, is a revolutionary Automated Market Maker (AMM) that operates across different blockchains. It is built on the Kava Blockchain platform, which utilizes the Cosmos SDK. With Kava Swap, users can aggregate liquidity from various blockchains, including Binance Smart Chain and Ethereum, as well as existing decentralized finance (DeFi) applications.

As a key component of the Kava Blockchain ecosystem, Kava Swap works in conjunction with Kava Protocol and Hard Protocol.

The Process of Setting Up Kava Swap

• Version 1: This version enables swapping between multiple assets such as BTC, XRP, USDX, KAVA, BNB, BUSD, HARD, and SWP. Liquidity pools are created for each tradable asset pair and are contributed by liquidity providers. New assets and liquidity pools can be added through on-chain governance votes.
• Version 2: In this version, all functionality is integrated into the Kava API, making it easy for applications supporting cryptocurrency users to integrate with Kava Swap. Users can also trade or invest capital as liquidity providers. Version 2 includes improvements in administration and scalability.
• Version 3: The Smart Liquidity Bridge connects Binance Smart Chain and the Ethereum ecosystem, enabling users to allocate capital to liquidity pools and trade across different ecosystems, decentralized exchanges (DEXs), and AMMs.
• Version 4: This version introduces smart execution for swaps and additional ecosystem bridges, allowing Kava Swap to direct liquidity to DeFi applications and financial services.

Key Features of Kava Swap (SWP)

• Kava Swap leverages the cross-chain capabilities of the Kava ecosystem, particularly in Protocol Lending/Borrowing. This makes it a valuable addition to the ecosystem's existing Stablecoin and Lending/Borrowing platforms.
• While initially focused on cross-chain functionality, Kava Swap has plans to integrate with Binance Smart Chain and Ethereum in the future, expanding its compatibility and reach.
• As the first AMM on Kava, Kava Swap is poised to launch an Initial DEX Offering (IDO) on its platform, which will contribute to the growth and expansion of the entire Kava ecosystem.
• A percentage of Kava Swap tokens (SWP) will be sold through an Initial Exchange Offering (IEO), ensuring support and listing on a popular centralized exchange upon launch.

Kava Swap Roadmap

• Kava Swap Code Freeze (June 30, 2021): The internal code for Kava Swap will undergo thorough testing and finalization, with no new features allowed during this phase.
• Kava Swap Testnet (July 12, 2021): Users will have the opportunity to participate in testing Kava Swap on the testnet environment.
• Kava Swap Audit Completion (July 14, 2021): The internal and external audit process for Kava Swap will be concluded, ensuring the platform's security and reliability.
• Decision on Continuation (July 21, 2021): Based on feedback from reviews, discussions, and testnet results, a decision will be made regarding the future of Kava Swap as per the Kava Validator community's consensus.
• Mainnet Launch (August 12, 2021): The official launch of Kava Swap on the Kava DeFi platform. Proper administrative recommendations will be implemented to ensure maximum security during deployment.