12h ngày 28/10/19, dự án #KAVA đã tổ chức buổi AMA trên nhóm telegram Binance English. Dưới đây là văn bản ghi lại nội dung chính của buổi AMA.
AMA chia làm 3 phần như thường khi:
Phần 1: Richie sẽ hỏi Brian 5 câu hỏi về dự án Kava
Phần 2: Brian sẽ đặt 5 câu hỏi và đường link tới google form để mọi người điền câu trả lời và thông tin nhận thưởng. Tổng thưởng là 2,500 $KAVA
Phần 3: Cộng đồng sẽ đặt câu hỏi gửi tới Brian, 10 câu hỏi hay nhất sẽ nhận mỗi người 50 KAVA
Nội dung chi tiết:
Giới thiệu về Brian
Hello everyone! My name is Brian Kerr, CEO of Kava. Kava is a cross-chain DeFi platform offering lending and stable coins for major cryptocurrencies such as BTC, BNB, XRP and ATOM. (and many more)
Before we dive into Kava, I am sure a few of you would appreciate knowing a little about my background. I am a builder. I love building companies in emerging industries and shaping their evolution.
I am serial entrepreneur. This is my second venture-backed company. Before blockchain, I was in the gaming and esports industry. Formerly, I was CEO at Fnatic, Fnatic Gear– one of the largest esports organizations in the world with divisions in professional gaming, media, merch, and hardware.
As an entrepreneur, technologist and a builder – no place felt better to build my next company than in crypto.
Phần 1: Richie hỏi Brian 5 câu về dự án Kava
Câu 1: Kava Labs has been around for a few years now, but only in 2019 did you launch the Kava blockchain. Can you tell us what the origin of Kava Labs is and how you got here today?
In 2017, my cofounders and I devoted ourselves to researching interoperability and payment solutions. We didn’t build a blockchain solution right away and try to ICO like everyone else. Instead we worked side by side with Ripple, Cosmos, MakerDAO and others applying our cross-chain expertise using Interledger (ILP) to their blockchain networks.
In 2019, we saw crypto winter come and go. We saw the projects without real use cases disappear. What we saw still standing was DeFi. This made sense as DeFi is primarily used by crypto traders and investors – so naturally the crypto audience will find them useful.
What didn’t make sense to us was that DeFi seemed pretty limited to the Ethereum ecosystem. From a market cap perspective, there are many great assets like BTC (10x ethereum’s size), XRP, BNB, ATOM and many other liquid assets with lots of users.
We knew we could apply the cross-chain expertise we built up over the past few years and develop a new kind of DeFi platform that could serve users of every major crypto currency. This brings us to Kava today.
Câu 2: What is Kava and how does it work at a high level?
I try and write what kava is the same way each time: Kava is a cross-chain DeFi platform offering lending and stable coins for major cryptocurrencies such as BTC, BNB, XRP and ATOM.
Kava is an open-source platform that provides open access to anyone looking for a loan or stable store of value.
User’s simply deposit their crypto into our CDP platform (collateralized debt position platform). They then can withdraw a loan directly from the system based on their deposit’s value. The first loans are denominated in a stablecoin called USDX, an algorithmically stable token pegged to the USD. USDX goes to their wallet and they can use it however they like. When they want to repay the loan, they send the USDX back to the platform and their collateral is released back to them.
Câu 3: Decentralized crypto-backed loans and stablecoins sound cool. But who are the users here exactly?
Users & Use case! The question everyone asks.
Crypto often gets scolded for not having use cases. But our use case and users is easy
Trading is overwhelmingly the biggest use case in crypto today. Kava is primarily designed to serve traders. Both the bulls and the bears.
Kava’s platform can provide users with loans needed to margin trade and it can provide users with stablecoins useful for hedging in times of uncertainty and volatility.
Câu 4: I read that the Kava platform operates under a two token model. USDX and KAVA. Can you describe their roles and economics a bit more?
Yeah, the easiest way to describe Kava for those familiar with DeFi already is that Kava is like MakerDao and DAI, but capable of using other assets on different blockchains.
USDX is our algorithmic stablecoin backed by crypto assets.
USDX is created at the time a user asked for a loan and is burned when it is repaid. USDX has a cool feature where if users stake it they can earn an annual interest rate. This makes USDX natively more appealing to hold than other stable coins available today and a better tool to hedge with.
As for KAVA, KAVA is the more interesting asset. KAVA is the native staking token of the Kava blockchain and is used for securing the network.
KAVA is delegated to validators (professional node operators) that run highly-available servers to secure the Kava blockchain. The top 100 validators by weight of staked and delegated KAVA earn blockrewards.
These rewards range from 3-20% APR based on the total amount staked in the network. Validators and the KAVA holders share the rewards.
When users of the platform repay their loans in USDX, they must also pay a stability fee calculated as a percentage of the loan in KAVA tokens (priced still in USDX).
These tokens are burned by the platform, effectively deflating the total supply overtime. As more users use the CDPs and take loans, the more KAVA is burned.
KAVA has a few other roles – its central to alot of the platform
KAVA is also the primary token used in governance of the platform. Staked Kava enables users to vote on key system parameter of the platform such as what assets to support as collateral, the cap on total USDX that can be loaned by the system, what the debt-to-collateral ratio needs to be, the stability fees, etc. KAVA holders have a very important responsibility to govern the system well.
Lastly, KAVA is the Lender of Last Resort. Meaning if USDX ever reaches a state of undercollateralization because the underlying asset prices drop suddenly and the system manages it poorly, KAVA is inflated in these emergency situations and used to purchase USDX off the market. This removes USDX and helps rebalance the USDX supply to the current crypto assets backing it
Câu 5: Kava has some very large partners in the crypto space. Ripple, Cosmos, and now Binance. What do you think makes Kava so appealing?
Thankfully we have been around in crypto for awhile and most people that lead the larger projects know our work and have worked with us before so they trust us to do good work. So when we announced Kava, it was natural for our industry friends and partners to support our next endeavor.
With that said, I think we have excellent product market fit offering something everyone knows is useful. Everyone has realized that DeFi is the killer use case. Unfortunately assets like XRP, ATOM, and BNB do not have smart contracts. This means they cannot have their own CDP system offeringe loans and stable coins natively. It’s only natural for these communities to want a product like Kava’s that can offer loans, stable coins and other DeFi services to them.
Câu 1: Which of the following are official partners of Kava?
Đáp án: Ripple, Cosmos, Hashkey, and Binance, xem thêm tại website của Kava
Câu 2: What is the current circulating supply of Kava?
Đáp án: 13,691,632 KAVA
Câu 3: When will the first tokens from the team and 1st round private sale investors allocations be released?
Đáp án: October 2020
Câu 4: What does CDP stand for in the Kava DeFi platform?
Đáp án: Collateralized Debt Position
Câu 5: What Founder of a famous DeFi project is also an investor and advisor to Kava?
Đáp án: Robert Leshner
Phần 3: Cộng đồng đặt câu hỏi gửi tới Brian, một số câu hỏi hay được chọn trả lời
Câu 1: Kava is currently ranked 2018. Can Kava be in the 200 rank by the end of the year? The strategy to achieve that is?
I’m a business guy so this is the kind of question I like. Kava is just getting started. We announced in June and its 4 months old. We have many more milestones to achieve.
On the product side – we need to launch main net next week, launch the CDP platform, integrate IBC, bridge to Binance/Binance DEX, add more and more assets as collateral as fast as we can safely without impacting the risk profile of the system overall.
On the business side, we will improve our marketing and collateral – specifically focusing on new geos that we havent appropriately supported yet like Korea, Japan, Russia, etc. Along with each we will be expand distribution of kava with new exchange partners and additional places for people to access KAVA. Binance provides great reach globally but some markets like Japan and Korea need local exchanges to really reach the communities there.
Câu 2: 1.Crypto market is still not out of the woods.
2.every day new kinds of FUDS.
3.government is cracking down on crypto
4.The market is cropped up with zillion of shitcoins – No utility No future ahead
so My question is how the legit KAVA project like keep motivated itself and what keeps you going amidst of all the negative news?
I think this was a serious issue for us in 2018 when there was serious doubts around all of crypto being legitimate.
We focus on DeFi as its one of the last hopes of blockchain technology and the liquidity and stability it brings is absolutely necessary before blockchain will be able to do anything productive in the world. We see DeFi as a primitive or a small step to the bigger picture.
Câu 3: Hi, I would like to ask for any technical requirements to integrate the coin into the upcoming? Will KAVA have APIs and other tools to integrate with other platforms?
Yes. While its not our priority we believe Kava should offer APIs to integrate seamlessly in wallets and dexes that would support Kava staking and lending features.
Câu 4: How did KAVA early investors private react to the fact that you extended the token lock until 2020~2021?
They were upset at first, but happy once they understood our intention. We aligned everyone from the long-term and made sure all our partners were supporting us over time rather than creating sell pressure on the market. everyone wins this way
Câu 5: President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain.What is your opinion about this?What do you think about if usa and china adopt blockchain? what is vision KAVA about this ?
Regardless of RenminBi or USD or BTC being the world’s reserve currency – Kava can adjust its synthetics accordingly and serve a purpose. We built kava to provide open access to everyone regardless of jurisdictions.
Câu 6: Can you provide a simple explanation of Integrate custodial BTC Peg into CDP system testnet?
Custodial BTC peg? BTCB on binance is a version of that. We can bridge Binance chain to Kava and move BTCB into our CDPs either through a custom integration or through IBC – whatever comes first
Câu 7: Does Kava have any incentive for long-term token holders to have a dividend?
As the CDP is used more and more, Kava will be burned and supply limited. This is very much like a stock buy back in traditional markets. We believe overtime, if adoption of Kava grows, the value of Kava will be substatial.
Câu 8: What is the uniqueness of your project ? And how different it is from MakerDao ?
Cross-chain – built on cosmos-sdk. This means we can focus on large market cap assets like BTC, XRP, ATOM, and BNB. While an ETH peg into Cosmos would let us serve the Eth community, we feel MakerDAO already does that well. With limited resources we think its silly to compete with them in a market they already serve well. It makes much more sense for us to focus on BTC a 10x larger market that MakerDao cannot touch
Câu 9: You said kava was partnered by Ripple,Cosmos,Hashkey, and Binance is there any chance to find another partners to make Kava more Famous?
Yes, of course. Crypto companies are relatively small. The larger financial sector and institutions would bring a lot more users to Kava and notariety. We believe in the future USDX should be backed by crypto, but any other asset that is highly liquid and has a strong user base. Gold, Fiat, etc would make for a great asset in CDPs as part of a diversified basket of risk.
Câu 10: How KAVA team will be focusing on Chinese market after recent positivity from Chinese president?
China was always our number 1 market, even before Xi’s latest announcement. We’ve got great partners over there SNZ, Hashkey, Infinity Stones, several other large funds and a number of others. We have a head of Asia and local marketing manager as well in Shanghai. China is at least 50% of DeFi right now. We put about 80 % of our effort on the Asia market, 20% of the rest of the world.
Câu 11: The modern world has witnessed the tremendous development of blockchain technology and Game industry. Do you consider to bring a perfect payment solution in the field of games?
Kava has a stable coin that is great for games – fast finality and backed by crypto (could also be backed by game currency). With that said, Kava focuses on leverage and stable coins for traders and investors not payments for gamers. But who knows what we grow into over time. Amazon started with books. Maybe this is just the tip of the iceberg
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