Binance Launches support for Kava (KAVA) Staking
On December 17, Binance announced they will be officially supporting Kava staking beginning on 2019/12/18. This is now one of many assets that can be staked on Binance using their staking product.
Users can participate in staking on Binance by holding a variety of Proof-of-Stake assets. The staking rewards are distributed on a monthly basis based on your share of the total holdings of all Binance users.
What is Kava?
Kava is a cross-chain CDP platform for DeFi. The platform allows you to accept crypto as collateral, issue loans, and create a USD-pegged stablecoin.
Visit the Kava website to learn more about everything offered by the platform.
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