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Cosmos-Based Interoperable DeFi Project Launches on Mainnet With BNB Collateral

Kava works in a similar way to MakerDAO (MKR), allowing users to deposit crypto assets and borrow Kava’s stablecoin, USDX. The project focuses on providing interoperability to DeFi, and promises to onboard collateral from other chains including Bitcoin (BTC) and Ethereum (ETH).

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Source: Cryptocurrency - investing.com

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