SAN FRANCISCO–(BUSINESS WIRE)–Since the launch of the Ethereum co-chain, Kava has been the fastest growing protocol blockchain. Today, DeFi powerhouse Curve launches on Kava, offering the highest APY pools ever seen starting next week. Curve and Kava’s landmark partnership is made possible by Kava Rise, the world’s first programmatic rewards program designed to bring unprecedented growth to the Kava blockchain.
“The Kava blockchain is 100% geared for growth. It bets on log growth with the Kava Rise program. We are excited to announce today with Curve that they believe in this program and have chosen Kava to bring to market with Curve pool APYs and usage never seen before.
Kava’s goal is to onboard and leverage more protocols than Avalanche, Polygon, and eventually Ethereum itself. Kava is able to do this because it was built from the ground up to grow, and today’s launch of Curve is a fantastic milestone towards that goal.” – Scott Stuart, CEO of Kava Labs.
Curve pools on Kava have the highest APYs of any Curve pool on any other Layer 1 blockchain. Users can earn up to 115% in KAVA rewards on their USDC, USDT and DAI with Curve on the Kava Network.
The Curve stake in the Kava Network’s EVM co-chain and likely a significant portion of the rewards from the $750M Kava Rise incentive program which could bring a significant cash windfall to both Curve and Kava users. Curve’s high-efficiency pools will also serve as the base infrastructure for the many protocols and bridges that will be integrated into Kava on a weekly basis. Exciting new use cases for kava are fueled by Curve on Kava’s deep liquidity ensured by the Kava Rise protocols.
Curve.fi is a decentralized liquidity aggregator that offers a highly efficient way to exchange tokens while maintaining low fees and low variance by only housing liquidity pools composed of assets with similar behavior. Curve has a combined value of $5.57 billion (TVL) across more than 10 blockchain networks.
Curve.fi users can trade stablecoins and different versions of token assets via a formula that reduces slippage when trading variable stablecoins.
About Kava
Kava (kava.io) is a secure, lightning-fast Layer 1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos on a single, scalable network.
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