Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: Nostoman on June 10, 2020, 06:14:48 PM
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The Kava decentralized finance project has launched on the Cosmos blockchain, giving users the ability to put BNB for collateral to receive its stablecoin, USDX.
The Kava decentralized finance (DeFi) protocol officially launched on Cosmos (ATOM) mainnet, with an initial onboarding of Binance Coin (BNB) as a collateral form.
Kava works in a similar way to MakerDAO (MKR), allowing users to deposit crypto assets and borrow Kava’s stablecoin, USDX. The project focuses on providing interoperability to DeFi, and promises to onboard collateral from other chains including Bitcoin (BTC) and Ethereum (ETH).
The initial collateral form is BNB, which gives Binance’s token a DeFi use case. It is no secret that the exchange sought to introduce its token to DeFi, previously being involved with the EOS-based Equilibrium.
Read here: https://cointelegraph.com/news/cosmos-based-interoperable-defi-project-launches-on-mainnet-with-bnb-collateral
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KAVA is indeed included in the Blockchain of BNB and this is a fairly successful IEO coin on the Binance Exchange.
Then I have also seen that this Cosmos is the original coin that blocks the blockchain itself.
I'm confused in this thread, he said, KAVA is in the Cosmos network, but the proof is that KAVA is now in the Binance Chain network.
Or maybe before entering the Binance Chain network, this KAVA is on the Cosmos line?
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Or maybe before entering the Binance Chain network, this KAVA is on the Cosmos line?
I think that's the beginning because right now KAVA for its block network is on the Binance blockchain.
I have checked it on CoinMarketCap and now I see that this is not surprising because Binance is now on the rise in all corners of the world.
For further proof you can check this screenshot so you can understand the thread you wrote ---> https://prnt.sc/tjyite
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I see in this post if Binance is being used to the fullest.
Cosmos created its own mainnet and now Binance is the King of all cryptocurrency markets.
Binance Coin has everything that is perfect to develop in the future, it's proven that now the mainnet Cosmos has the guarantee of the Binance coin, amazing!
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Cosmos is indeed extraordinary with such a large total market capacity.
Then Cosmos is also now on Coinmarketcap's top 100 radar where Cosmos is able to invite wealthy investors to support the Cosmos project.
This means that Cosmos also helps raise the BNB blockchain rating to rise to prominence and this is an extraordinary collaboration.
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That's the great thing about Binance, being able to attract new coins to its Blockchain network.
BEP20 is now much in demand in the creation of smat contracts and it is certain that its rating is continuing to rise.
Cosmos is indeed on the radar of Binance's BEP20 Blockchain network and I think it is very comfortable here than on the Waves Blockchain network.