TechFlow News — Kava announced the successful completion of the Kava 8 mainnet upgrade, officially launching its cross-chain AMM application, Kava Swap. The platform has opened liquidity pools for BTCB/USDX, BNB/USDX, BUSD/USDX, HARD/USDX, SWP/USDX, KAVA/USDX, and XRPB/USDX, offering annual liquidity incentives of 24 million SWP tokens. Additionally, Kava has introduced governance mechanisms allowing HARD and SWP holders to govern its applications and has completed the distribution of 1 million SWP tokens in airdrops to early users. According to DefiLlama data, Kava's current TVL stands at $449 million.
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