Review on Kava by Robiul Islam
A decentralized financial services platform.
It works like Cosmos, Ripple, Bitcoin etc. You can set up those protocols and projects as collateral whenever you want to issue an loan. If you have an atom and a small amount of ripples, you can keep both of them as collateral to increase the size of your loan without transferring the property to another one.
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The platform has two types of tokens. It provides large cryptocurrency users with loans, withdrawals and free access to stablecoins for hedging. Its USDX stablecoin can be bonded, providing yield to the holder of USDX. It is able to support a wide range of different new crypto resources and provide new synthetics and derivatives products.
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Pros
- Cross-border DeFi platforms are being developed between key protocol networks.
- It has solid connections and partnerships in the industry.
- It's self-issued loans allow people to get loans without any kind of delay.
Cons
- No technical documentation and little research and information was provided on how it works.
