Injective,
a Cosmos Layer-1 blockchain designed to power next-generation DeFi
applications, has selected the Kava Chain’s Native USDT for their Perps
trading. The Kava Chain is a secure, lightning-fast Layer-1 blockchain that
combines the developer power of Ethereum with the speed and interoperability of
Cosmos.
This
collaboration is poised to bring significant benefits to users of both
platforms, signaling that this transformative partnership is set to reshape the
world of DeFi. The integration of Kava Chain’s capabilities with Injective’s
revolutionary DeFi technology is set to offer a host of advantages for both
platforms, including Enhanced Trading Opportunities, Improved Liquidity, and
Cross-Chain Flexibility.
“The
introduction of stable asset interoperability is a major boon for the Injective
ecosystem. USDT stands as a cornerstone within the broader crypto industry, and
the extension of Kava’s USDT offering will serve as a major milestone for the
community,” said Eric Chen, Co-Founder and CEO of Injective Labs.
The
choice of Kava Chain’s native USDT for Perps Trading exemplifies the mutual
benefits that this partnership brings, offering users the best of both worlds
and enriching the DeFi experience for traders, investors, and developers alike.
Together, they are poised to reshape the possibilities within the decentralized
finance sector.
“We
are thrilled that Injective has chosen the Kava Chains native USDt for perps
trading. This partnership with Injective is a testament to our commitment to
fostering innovation and access within DeFi. We are excited to offer our users
the powerful tools and capabilities that Injective brings to the table,”
said Scott Stuart, Co-Founder and CEO of Kava Labs.
Tether’s
decision to integrate USDt natively on Cosmos in July 2023, using the Kava
Chain as a hub, has since brought accessibility and financial stability to
users and developers within the Cosmos ecosystem. After Osmosis, Injective is
the 2nd tier-1 Cosmos protocol that is adopting Kava’s natively issued USDt,
therefore simplifying the process, and offers a streamlined, efficient
mechanism for stablecoin liquidity provision and transfer between the Cosmos
and Ethereum ecosystems.
For more
information about Injective and Kava Chain and its benefits, please visit their
respective websites.
About
Kava
Kava
Chain is a secure, lightning-fast Layer-1 blockchain that combines the
developer power of Ethereum with the speed and interoperability of Cosmos in a
single, scalable network. Committed to fostering innovation and growth, Kava
Chain is a trusted choice for developers and users worldwide.
About
Injective
Injective
is a lightning-fast interoperable Layer-1 blockchain optimized for building the
premier Web3 finance applications. Injective provides developers with powerful
plug-and-play modules for creating unmatched dApps. INJ is the native asset
that powers Injective and its rapidly growing ecosystem. Injective is incubated
by Binance and is backed by prominent investors such as Jump Crypto, Pantera,
and Mark Cuban.