Kava labs will collaborate with BNB48 Club according to the latest announcement, in order to boost BNB DeFi awareness as we are reading in the latest cryptocurrency news.
Kava Labs announced the partnership in a press release adding that along with BNB48, they will act as technical advisors for the community and will provide services such as professional product reviews and technical consulting services for the Chinese validators, staking users and the regular lending platform users. Kava Labs will work with the BNB48 Club to boos the BNB DeFi awareness opportunities and assist the club to boost the community members that are participating in DeFi. Kava will delegate a validator from BNB48.
This is not the first time that there was a collaboration between these two platforms as BNB48 Club was one of the first users of Kava lending platform. After the club obtained a mandate from its board of Directors, the club participated in the Kava CDP platform with a USDx00 instrument. Kava Labs added BNB as an additional asset to provide the holders with the biggest returns as the BNB holders can also participate on the CDP platform and draw USDX which is the Kava stablecoin in addition to earning a bonus in the protocol.
In the meantime, both sides are working to establish a long term future partnership to boost the BNB ecosystem value and to increase the DeFi services that are available to the BNB system. For BNB48, they will work with Kava Labs to build and to maintain staking and Defi communities as well as, allow the holders to provide them with further guidance and suggestions on the creative value of the coin. An education system will also be created to help more BNB holders have a better understanding of the risks of staking and BNB DeFi staking. The regular online meetings will be held to provide the latest information to the community related to the development of the ecosystem and all of the members of the community will be collected and will discuss the future evolution of the BNB ecosystem.
As for Kava Labs, BNB48 Club will be the ambassador in China to promote Defi and to increase the popularity of the lending products within the Chinese community. Kava labs will make the BNB48 Club one of the few node service providers for the blockchain to provide staking technology and other services.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]