The First 5 Protocols on Kava’s Pioneer Program
The first five Protocols to deploy to the Kava Ethereum co-chain testnet for the Pioneer program are named in the post below.
The Kava Pioneer Program has been widely accepted, with over 40 EVM protocols and development teams submitting entries to win their share of $100K in reward funds.
Five Pioneers
Together, these five Pioneers bring over $8.71 billion in TVL, 1700+ partners and bridges, and 700K+ token holders.
As a result, hundreds of thousands of HODLers are now honorary members of the #KavaSquad!
It is well within Kava’s reach to onboard 100 protocols to the network by 2022 with friends like these.
Multichain
Multichain ($MULTI, $ANY) aims to be “the ultimate router for Web3” and has quickly become a powerhouse in the industry. Multichain’s products allow nearly all blockchains to inter-operate. Multichain’s daily volume of over $100 million, TVL above $6.39 billion, and its thousands of daily users are testament to the platform’s popularity and security.
Multichain is open-source, and today, the router supports over 35 chains and 1686+ bridges. With numbers like that, it’s easy to understand why the Kava community is excited to have them as a Pioneer.
Beefy Finance
Beefy Finance ($BIFI) is a decentralized, multi-chain yield optimizer platform where users can earn compound interest on their crypto holdings.
Beefy auto-maximizes user rewards by connecting them to multiple yield farming opportunities in the DeFi ecosystem through smart contract investment strategies that leverage liquidity pools, lending platforms, and more.
With a TVL approaching $965 million, this is a beefy partnership for Kava.
Learn more: beefy.com
Elfin Kingdom
Elfin Kingdom ($KING, $ELFIN) is a blockchain-based game owned by its players, where players can capture, create, and collect NFTs, solve quests, compete, and earn. The Metaverse and GameFi are the future of gaming, and the Kava community is very excited about this Pioneer.
The Elfin Kingdom perfectly combines DeFi and P2E gaming aspects to capture more users and expand the project’s revenue streams. Plus, the Elfin Kingdom is always growing with partnerships of its own, increasing opportunities for Kava to build bridges to even more #BUIDLers.
Learn more: elfinkingdom.com
RenVM
Ren ($REN) is an open protocol that enables the movement of value between blockchains. The project enables users to “bridge any token between any blockchain,” while also allowing access to $BTC, $LUNA, $ZEC, and other non-EVM assets on various layer 1 and 2 protocols.
Ren is 100 times faster than atomic swaps and enables exotic new use-cases for DeFi, like multi-collateral lending and cross-chain OTC trading, and cross-chain swaps. With over $9.9 billion in total volume and $1.19 billion in TVL, Ren stands out as a strong addition to the Kava Pioneers!
Learn more: renproject.io
Autofarm
Autofarm ($AUTO) is an ambitious “one-stop DeFi suite” composed of six primary products:
- AutoSwap: A DEX Aggregator
- AutoPortfolio: AutoPortfolio is a platform where like-minded traders and investors can connect, learn from each others’ trading patterns, and follow each others’ trading strategies.
- AutoTrade: Intelligent trade execution service that is efficient, seamless, and cost-effective.
- AutoAnalytics: A platform combining data analytics and machine learning techniques to provide meaningful real-time information simply and elegantly without compromising on customizability, composability, and scale
- Farmfolio: an intelligent portfolio dashboard designed to simplify how users monitor and track their assets.
- Yield optimizer/vaults: Cross-chain vaults for Farmfolio
The Autofarm ecosystem spans 14 different EVM-compatible chains, including Avalanche, Harmony, BSC, and Polygon. The Kava community’s excited to see what this DeFi power tool can accomplish with Co-Chains.
Learn more: autofarm.network
Just the Beginning
Each of these Pioneers is an incredible addition to the #KavaSquad, but this is just a sample of what’s to come. With a goal of onboarding 50 protocols following mainnet and 100 protocols by the end of 2022, there are many more where these came from.
The Pioneer program and the Kava Rise incentives will continue to drive protocol growth up to and beyond the mainnet launch of the Ethereum Co-Chain. EVM builders and #Cosmonauts both stand to benefit from the Kava Network’s push to give developers their fair share and become #BUIDLerOwned.
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