Injective prefers Kava’s native USDT for Perps trading
Georgetown, Cayman Islands, November 2, 2023, Chainwire
Injective, the Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has chosen Kava Chain native USDT for its Perps business. Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of the cosmos.
This collaboration is set to bring significant benefits to users of both platforms, indicating that this transformational partnership is set to reshape the world of DeFi. Combining Kava Chain's capabilities with Inject's revolutionary Diffie technology is set to provide multiple benefits to both platforms, including enhanced business opportunities, enhanced liquidity and cross-chain interoperability.
“Introducing stable asset interoperability is a huge boon for the Injector ecosystem. SSDT is a cornerstone of the broader crypto industry, and the extension of Kava's USD supply serves as a major milestone for the community,” said Eric Chen, Founder and CEO of Injector Labs.
The choice of Kava Chain's native USDT for Purpose Trading exemplifies the mutual benefits this partnership brings, providing users with the best of both worlds and enriching the DeFi experience for traders, investors and developers. Together, they are poised to shape the opportunities in the decentralized financial sector.
“We are delighted that Injective Kava Chains has selected Native USDt for its Perp business. This partnership with Injective is a testament to our commitment to fostering innovation and accessibility in DeFi. “We are excited to offer our users the powerful tools and capabilities that Injectiv brings to the table,” said Scott Stewart, co-founder and CEO of Kava Labs.
The decision to integrate Tether's USDt on Cosmos in July 2023 using the Kava Chain as a hub has brought accessibility and financial stability to users and developers in the Cosmos ecosystem ever since. Injectable After Osmosis is the 2nd tier-1 Cosmos protocol that is accepting Cavan native USDT, thus simplifying the process, and providing stable, efficient and stable coin liquidity between the Cosmos and Ethereum ecosystems.
For more information on the Injective and Kava chain and their benefits, please visit their respective websites.
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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 the cosmos in a single, scalable network. Committed to fostering innovation and growth, KavaChain is a trusted choice for developers and users around the world.
About injection
Injective is a lightning-fast, scalable Layer-1 platform optimized for building leading Web3 financial applications. Injective provides developers with powerful plug-and-play modules to create unmatched dApps. INJ is a native property that powers Injector and its rapidly growing ecosystem. Injector is hosted by Binance and is supported by famous investors such as Jump Crypto, Pantera and Mark Cuban.
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