BlockBeats NEXT|Dialogue with KAVA: The integration of Cex and DeFi is imperative to solve the crisis of trust in CeFi

December 2, Kava Co-Founder And CEO Scott Stuart was a guest at the BlockBeats NEXT live broadcast room, sharing and discussing with BlockBeats on the theme of solving the CeFi trust crisis. This interview mentioned that the integration of Kava and Coinbase will help its users directly access Kava DeFi products. At the same time, the upgrade of Kava EVM 2.0 version also This will enable seamless interaction between Ethereum and Cosmos users. It is hoped that this live broadcast will lead users to have a deeper understanding of how the deep integration of Kava and Coinbase will promote the ecological development of each other.

The following is a text review of this NEXT event:

Combination of DeFi and CeFi

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BlockBeats: Please introduce yourself

Scott: I'm Scott, the founder of Kava Labs, a former Internet professional poker player and one of the top players. Kava has also been around for 5 years. I started an ad tech company in Boston 8 years ago. Then the company grew and then I started Kava Labs with another partner about 5 years ago, and it’s been that way ever since.

BlockBeats: Kava has recently completed the integration with the Coinbase open source project, how will Kava be implemented with Coinbase in the future In-depth cooperation?

Scott: Kava and Coinbase have been working together for about a year and a half. This integration took almost a full year to complete. We are basically the only Cosmos-SDK chain with such an integration with Coinbase. Compared with the integration of Coinbase and Cosmos a few years ago, this integration basically has no similar cooperation, and there is very little cooperation between Coinbase and Tendermint-related technical teams.

Kava is now working with every major trading platform and accelerating the pace of integration, such as Kucoin, Binance and other trading platforms. Ultimately Kava determined that Coinbase was deeply integrated. We will not only list ECR-20 tokens, we will also apply Coinbase internal systems and integrate them directly into Kava, but then our cooperation went deeper, and we successfully passed Coinbase's rigorous infrastructure testing for the code base, and Coinbase has since Full nodes can run Cosmos-SDK. In the future, the integration time will be shortened from a year to a few months.

BlockBeats: Kava integration will What advantages does it bring to Coinbase? How did Coinbase help Kava?

Scott: Kava has come a long way. In the future, Kava EVM will be completely upgraded, which means that Kava may transform into a product company. Developers can access all Ethereum data and integrate it with the Cosmos ecosystem. Kava will expand Ethereum at a lower cost and is committed to achieving seamless interaction between Ethereum and Cosmos developers and users. Our goal is to attract larger leading DeFi protocols to the Kava ecosystem. We have integrated Curve and Sushiswap. Now we are discussing cooperation with leading institutions such as AAVE, MakerDAO, and Uniswap, and hope that they can also join Kava.

We continue to explore more possibilities of the blockchain, and we focus on the use of two assets: KAVA and bKAVA. To ensure that KAVA has properties similar to liquid derivatives such as bKAVA. Last quarter we launched bKAVA. Users can take bKAVA and put it into the protocol. bKAVA has the highest rate of adoption of liquid derivatives, and now 20% of pledged KAVA has been converted into bKAVA, and this ratio is still growing. The second is stablecoins, stablecoins are another thing that we're really moving forward. We will be making an announcement soon, and our goal is to help BUSD, USDC, and USDT achieve native stablecoin integration, just like Polygon and Avalanche.

Then, use these native stablecoin integrations to allow users to easily align stablecoins Put into these protocols based on the Cosmos ecology. One of the biggest advantages we will gain from working with Coinbase next year is native KAVA staking. Users can pledge KAVA purchased on Coinbase to the exchange. Another advantage is that Coinbase has a hardware wallet. We are working on a secret integration with this wallet and allow users to stake their USDC to DeFi protocols through Coinbase. Users can access

Kava DeFi products directly on the Coinbase trading platform.

BlockBeats: For those who want to go online For the Coinbase project, what experience can be used for reference?

Scott: If other projects want to launch Coinbase, we can regard Kava as a project Funnel, projects can be deployed to the EVM ecology or Cosmos ecology through Kava. It is expected that Kava will start the Launchpad service next year, and then release a test version, whether it is a Cosmos project or an EVM project, it can be deployed on Kava.

If eligible, they can list coins more easily than other exchanges, such as Kucoin or Coinbase, the advantage of the integration is that it is now much easier to list projects on Coinbase, just like any ERC-20 token on Coinbase, any project deployed on Kava can be listed on the Coinbase platform. This greatly reduces the launch cost of the project.

The projects that can cooperate with Kava Launchpad are not only Kava ecological projects, but also many other Layer1 public chains of Cosmos ecology can also be listed on centralized exchanges through this set of programs. Kava hopes to make some contributions to the Cosmos ecology in this way.

BlockBeats: Kava is also listed on Binance US and Coinbase. Both of these are compliant trading platforms in the United States. Will Kava's development focus be tilted towards the US market?

Scott: We focus on users around the world. Kava basically cooperates with all international trading platforms, such as Binance, Kucoin, etc. In fact, our business has also expanded to South Korea, and many Koreans are using the Kava platform for transactions.

Coinbase is the latest trading platform we have cooperated with, and it took a long time to make this cooperation happen. Our goal is to ensure that users can use Kava anywhere in the world. Our cooperation with these centralized trading platforms is getting deeper and deeper. In this way, users can not only buy and trade KAVA, but also use these trading platforms to access many DeFi projects.

How to Boost Cosmos Ecological Development

BlockBeats: Kava is about to launch Kava EVM 2.0, the Ethereum side chain. How is this different from the previously launched Ethereum/Cosmos shared chain architecture? What are the pros and cons of both?

Scott: Kava EVM is fully compatible with Ethereum and provides an execution environment that enables Solidity development Investors and their dApps can benefit from the scalability and security of Kava Network. Kava EVM 2.0 is a comprehensive upgrade. The Ethereum sidechain will unlock all Ethereum data and integrate with the Cosmos ecosystem.

Like Polygon and Arbitrum, Kava will scale Ethereum with lower fees and greater security, and launch Seamless interaction between Ethereum and Cosmos developers and users. If you deploy IBC from the perspective of Cosmos, if you integrate IBC into Kava, then you can transfer your assets to Kava, or to any Ethereum project supported by Kava, or even the Cosmos project.

BlockBeats: I noticed that Kava upgraded the mainnet not long ago, and the new feature "Kava Liquid" is The biggest highlight of this upgrade. Can you describe this new feature?

Scott: A module from Liquid or Liquid staking Kava. He's somewhat similar to Lido's model, but completely different. We have our own model, users can get bkava when they pledge KAVA to Kava Liquid, but the pledge of Lido has an unlocking period. However, there is no waiting period for Kava Liquid, and bKAVA can be directly exchanged back and forth between bKAVA and KAVA.

BlockBeats: How does Kava Swap consider the combination of the NFT field in the future? Do you think the combination between DeFi and NFT is a positive development direction?

Scott: From a high point of view, we are very interested in DEX. The DEX on the roll up has an order book. For example, Blur is an NFT order book transaction protocol, which has become very popular recently. The DEX experience using this method will be better than other competing products. DEX not only has protocols like Uniswap and Curve, but can also be extended to other fields such as NFT.

Kava will also cooperate with Polygon's ecology in the future to attract more projects to build on Kava and enrich the ecology.

BlockBeats: Then the next question is also around the development of ecology. According to data from DeFi Llama, 51 projects have been deployed on the Kava network, and the TVL of the entire network exceeds 27.62 million US dollars. How will Kava continue to improve TVL in the future?

Scott: We also have many initiatives. We launched Kava Rise, a $750M on-chain programmatic developer incentive program designed to continue bringing innovative developers from the DeFi, GameFi, and NFT industries to Kava Network. In the past four to five months, more than 50 projects have been attracted to the Kava ecosystem, which is growing very fast in the various public chain ecosystems of evm. The plan is to reach the top ten in TVL in the near future, and the top five in the middle of next year. In the future, we will also consider increasing hackathon activities, and use various methods to expand the ecological scale.

BlockBeats: Next, I would like to ask Scott. At present, the Cosmos ecosystem seems to be more developed than Polkadot How do you see the development of the Cosmos ecosystem in the industry?

Scott: I I am not very familiar with the Polkadot ecology, but I am also impressed by all the innovations he can bring. Because we are based on the Cosmos ecology, we will be more optimistic about Cosmos. It took a long time for people to discover things like IBC, but in the future, Cosmos will reach the 2.0 stage, which will help Cosmos to have more cooperation with other ecosystems, including trading platforms, etc., because there were not many Cosmos ecosystems before In terms of connection with the outside world, Kava will also help the Cosmos ecosystem to further promote development in this regard. We've really gotten a lot out of Tenderman and the SDK, so we're working on it right now, contributing as much as we can. We have a lot of experience in dealing with exchanges, which may not be available to some projects in the ecosystem. So we use Cosmos as a foundation to make it easier for other Cosmos ecosystems to be deployed there. Then, we have to look at what the pain points are. It is difficult for the chain to self-test and verify and set up the development. I think that this shared security model will be launched together with the hub, which will be an improvement.

BlockBeats: Kava in the future what plan?

Scott: Our primary goal is not to compete in a negative sense, but to compete and surpass For protocols such as Polygon and Avalanche Protocol, our focus is to obtain the largest number and quality of agreements, and to obtain as many users as possible. This is a bit like what we said before, and we plan to achieve TVL growth and enter the top ten fields in the next period of time. The future inflationary economic model is not feasible. At this stage, Kava relies on sharing this model with more applications, not just distributing tokens to everyone. We'll break the inflation, keep the stablecoin stable, and then start deflation based on the usage we guide.

< p>Optimizing for growing protocols will be a long-term plan for Kava. In 2023, Kava will continue to open up the achievements we have built in the past few years, providing a broader ecosystem for first-class developers. With the blessing of Kava Rise's $750 million developer incentive plan, many outstanding developers have contacted us, and Kava is carefully screening for further cooperation.

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