One of the most popular blockchain networks with unique features is the KAVA network. If you are a DeFi enthusiast and you have been using KAVA Network, you will agree with the fact that its co-chain architecture made the network different from every network. When I say co-chain, it means the network is like two hemispheres of a brain, there is Cosmos co-chain which can be used by developers comfortable with the Cosmos SDK, and also developers who use solidity can create using the Ethereum co-chain.
Kava is a layer 1 blockchain that is focused on protocol growth and scalability and with the clear understanding that its ecosystem brings the Ethereum and Cosmos ecosystems together, it is certain the network (KAVA) will have a free flow of users, assets, and projects into its Ecosystem. The announcement of KAVA Rise in 2022 which is an incentives program of $750 Million in that developers can get a 200 million share. This has opened room for programs to start building on the chain.
One of the protocols that took advantage of the KAVA Rise is the Équilibre protocol. Following the fact that KAVA Rise was launched for the growth of the ecosystem, Équilibre comes with a solution that provides deep liquidity and low slippage on token pairs which are one critical elements to the growth of the KAVA ecosystem.
This protocol becomes the first liquidity layer on KAVA Chain to create sustained demand for voting power from key protocols and enable bribes as a capital-efficient strategy for incentivizing liquidity.
For every standalone protocol built on a blockchain, there is usually a governance token or utility token for such protocol, in the case of Équilibre Protocol, $VARA token, and veNFTs to motivate participation in the protocol. The protocol model is designed for the lockers/stakers, in which they locked their VARA in other to receive veVARA which gives them the power to vote on which pairs and emit reward to themselves.
The rewards come in four forms:
This is a unique model of creating an additional income stream on Équilibre Protocol.
As a DeFi player, you can stake, lock and vote to earn on this protocol. The step below takes you through the process for your activation of the reward.
Note: Don't forget to stake in any LP in order to earn VARA emissions.
If you are been my follower for some time, I do release information based on opportunities and benefits around such information.
If you check through the KAVA ecosystem very well, there is a need for DEX to grow the ecosystem and increase the total volume locked on the chain. Équilibre protocol architecture is what no DEX has developed in KAVA, and having a key spot between EVM-based networks and CosmosSDK more developer adoption of KAVA is certain which will definitely increase the use of Équilibre protocol.
