TechFlow reports, according to official information, the DeFi protocol WAGMI has launched on Kava. The WAGMI DAO has applied for a grant of 2,898,550 KAVA tokens to bootstrap liquidity. The KAVA will be sent to the provided multi-sig address. In return, the WAGMI DAO will reserve 200,000,000 WAGMI tokens for future use by the Kava DAO. Additionally, Wagmi staking has been introduced, allowing sWAGMI holders to qualify for fee distributions from the Wagmi protocol.
It is reported that the first version of the Wagmi protocol launched in April this year on zkSync Era and Fantom as a CLAMM (Concentrated Liquidity Automated Market Maker).
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