KAVA Reward Updates.

Kava 5 and Hard V2 successfully launched on April 8th, 2021, and more changes are coming! Over the next several weeks, governance proposals will be made to adopt incremental changes to how rewards are distributed in order to achieve improved USDX price stability. KAVA rewards will be gradually shifted away from minting USDX on Kava to supplying USDX to Hard Protocol, and other Kava DeFi applications.

The stability of USDX around $1 is very important for all Kava stakeholders. In the past, attempts have been made to achieve this through reducing rewards to incentivize users to hold long positions on USDX. The following series of adjustments on how users earn KAVA rewards are being proposed because we believe this change will not only increase price stability for USDX, but will increase the amount of rewards users will receive.

️DETAILS:

https://medium.com/kava-labs/kava-reward-updates-bffa64b88230

Source: https://thebittimes.com/kava-reward-updates-tbt3305.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Chain news

Post by: TheBitTimes.com