Kava Labs Launches Protocol Upgrade With Eye on Institutional DeFi Lending

By CoinDesk5 days ago

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Decentralized finance (DeFi) firm Kava Labs announced Thursday a protocol upgrade dubbed Kava 5 that gives users of apps built on Kava access to new features.

Kava Labs said the upgrade to its infrastructure, built on the Cosmos SDK, means there are a number of performance improvements for users, allowing them to borrow against multiple cryptocurrency assets and earn staking rewards.

The move comes at a time when DeFi is finding its legs on blockchains beyond its traditional home, Ethereum.

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