Kava Launches $185 Million Phase-1 Ecosystem Fund

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  • It said that powered by the Kava Platform and shaped by Kava’s blueprint for true scale, the Kava Ecosystem will be a secure, scalable home for DeFi as it bridges the gap from early adopters to the mainstream
  • To guarantee that selected projects are aligned with Kava’s standards, Kava is incentivising top-tier projects with the $185 million Ignition Fund.

Kava Labs, an open-source and non-custodial developer of financial products and services for decentralized finance (DeFi), announced the launch of a $185 million fund to offer best-in-class projects on the Kava Ecosystem. It said that powered by the Kava Platform and shaped by Kava’s blueprint for true scale, the Kava Ecosystem will be a secure, scalable home for DeFi as it bridges the gap from early adopters to the mainstream.

Scott Stuart, Chief Executive Officer of Kava Labs said, “There’s a massive opportunity in DeFi right now to be the first to bridge the gap between the early adopters and the untapped mainstream. The Ignition Fund is about getting Kava there first.”

The key difference between the Kava Ecosystem and others in the space is a fundamentally different approach to scaling. Where other Layer-1 ecosystems are all aimed at capturing over s DeFi users with a focus on speed and cost, Kava is building an ecosystem designed for the much bigger wave of mainstream users that is coming next.

To guarantee that selected projects are aligned with Kava’s standards, Kava is incentivizing top-tier projects with the $185 million Ignition Fund. The fund is targeted at the accelerated onboarding of carefully vetted projects to the Kava Ecosystem.

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