Cosmostation Launching Stable Swap Protocol Exclusively on the Kava Ecosystem
Cosmostation is very excited to announce that its first DeFi protocol will be powered by the Kava Platform and exclusive to the Kava Ecosystem.
Cosmostation has chosen to launch a new stablecoin swap protocol on the Kava Ecosystem. The Kava Platform’s reliable scalability, institutional-grade security, and SAFU fund will enable Cosmostation’s Stable Swap to deliver a safe, streamlined experience that is ready to take DeFi to the mainstream.
What Is Kava?
The Kava Platform is a Layer-1 network designed to bring institutional-grade security and real scalability to the next generation of decentralized finance (DeFi). Built using a robust Golang architecture, the Kava Platform combines secure extensibility with user-centric design to deliver DeFi with a better level of safety, user experience, and performance than mainstream financial products and services.
The Kava Ecosystem is a suite of best-in-class DeFi services powered by the Kava Platform and connected to a global network via Kava’s partners. The goal of the Kava Ecosystem is to bring safe, reliable scale to DeFi by bridging the gap to mainstream users.
The Cosmostation Stable Swap
Cosmostation’s Stable Swap will be a decentralized exchange and automated market maker (AMM) powered by the highly scalable Kava Platform. Users will be able to trade and earn with stablecoins (USDX, BUSD, USDC, USDT) and Bitcoin (BTCB, BTC, WBTC) without the need for centralized intermediaries. Users will also be able to provide liquidity to the platform in exchange for a share of the transaction fees.
Thanks to the Kava Platform, Cosmostation’s Stable Swap will allow users to easily source stablecoins from the largest crypto assets like BTC, ETH, and ADA and pair it against other stablecoins like USDC to earn higher returns safely, unlike competing stable swaps. As with all of Cosmostation’s products, the protocol will also feature a user-friendly design that delivers far better UX than existing competitors.
Cosmostation + Kava
Cosmostation’s mission has always been to provide high-end DeFi products and experiences for its users. This includes building intuitive, accessible products, but it also means placing a premium on security and reliability. This is why the Kava Ecosystem is the ideal platform for Cosmostation’s Stable Swap and future Cosmostation projects.
“Kava Network provides the perfect environment for a DeFi protocol with high scalability requirements to be built on. Cosmostation’s Stable Swap will further expand this robust ecosystem by allowing users to interact with a vast pool of stable asset liquidity on a user-friendly interface.” — David Park, Cosmostation CMO
Kava provides a highly scalable foundation on which to build with industry-leading security built-in. With the underwriting of the SAFU fund and user-centric design, the Kava Ecosystem delivers exactly the kind of trusted, streamlined experience that Cosmostation aims to give to its users.
A Powerful Partnership
The launch of Cosmostation’s Stable Swap will bring access to a critical service for Kava Ecosystem users and provide a new onramp for others to begin benefitting from the power of the Kava Platform. For Cosmostation, this means bringing a new stream of value to its users and an even more streamlined way for them to access the growing Kava Ecosystem.
“Cosmostation is exactly the type of project we want adding value to the Kava Ecosystem. They have been building compelling products quietly for years and we’re thrilled to have them join our mission of building a home for mainstream DeFi.” — Scott Stuart, Kava Labs CEO
As a long-time validator of the Kava Platform, Cosmos has been a partner in Kava’s mission to bring safe, reliable scale to DeFi for some time. With this announcement, Cosmostation and Kava are building on that partnership and embarking on a new phase of growth together with the goal of taking DeFi to the mainstream.
About Cosmostation
Cosmostation is an enterprise-level validator node infrastructure & end-user application provider based in Seoul, South Korea. Cosmostation runs validator nodes across several networks, specifically focused on networks built with Tendermint & Cosmos SDK.
Along with node operation, Cosmostation develops and maintains Mintscan Block Explorer for Tendermint-powered networks and Cosmostation iOS, Android, Web Wallets to support in-depth features for modules specific to each network.
Website: https://www.cosmostation.io/
Github: https://github.com/cosmostation
Android Wallet: Android — Google Play Store
iOS Wallet: iOS — iTunes App Store
Block Explorer: https://www.mintscan.io/
Medium: https://medium.com/cosmostation/
Twitter: https://twitter.com/CosmostationVD
Telegram: https://t.me/cosmostation
