TechFlow News – According to official updates, Kava Labs has announced a rebranding of its product suite. Kava CDP is now renamed Kava Mint, enabling users to use assets as collateral to obtain loans in USDX stablecoins. Hard is now renamed Kava Lend, allowing users to earn rewards by supplying and borrowing assets across money markets. The upcoming Swap product is officially named Kava Swap, which will enable users to trade tokens on the Kava blockchain and earn rewards by providing liquidity to pools. All three protocols are built on the Kava platform and come equipped with interoperable cross-chain tools, secure price feeds, and institutional-grade security and reliability.
Additionally, during the mainnet upgrade on August 30, Kava will launch Kava Swap and introduce on-chain governance functionality for both Kava Lend and Kava Swap. Kava has announced that its next phase of development will focus on scaling the Kava platform’s capacity, product performance, and liquidity.
