Wrapped Kava
About Wrapped Kava
Kava is defined as a cross-chain DeFi lending platform enabling users to borrow stablecoin USDX and generate income by locking different cryptocurrencies into the system. Acting as a decentralized bank for digital assets, the Kava DeFi hub allows investors access to decentralized financial services including synthetic and derivative products, via the native USDX stablecoin indexed to USD. The platform, built on the Cosmos blockchain, uses a Collateralized Debt Position (CDP) system to ensure adequate backing for stablecoin loans. In addition to its USDX stablecoin, the Kava blockchain features the native KAVA token, a utility token used for voting on governance proposals and as a reserve currency when the system is undercollateralized.
In the last hour, Wrapped Kava's price has seen a change of +0.91%, and over the past 24 hours, its price has moved by -3.37%. Over the previous week, Wrapped Kava's price has moved by +6.25%. The current price of Wrapped Kava is AED 0.2565, accompanied by a trading volume of 0.000 in the last day. Wrapped Kava's price is currently 99.60% below its all-time high of AED 64.81, which remains the highest price Wrapped Kava has achieved since its launch. The circulating supply of Wrapped Kava stands at 7.847M, translating to a total market capitalization of 2.013M.
Market stats
Frequently asked questions
What is a Wrapped Kava wallet?
A Wrapped Kava wallet is where you can securely store Wrapped Kava. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Wrapped Kava address?
A Wrapped Kava address is a string of unique characters that is tied to your Wrapped Kava wallet. The address functions just like a bank account number and it is what you use in order to send Wrapped Kava from your wallet, or to receive Wrapped Kava to your wallet.
What are the most popular cryptocurrencies besides Wrapped Kava?
Besides Wrapped Kava, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of Wrapped Kava be in next 5 years?
Price predictions for Wrapped Kava over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Wrapped Kava taxable?
Trading Wrapped Kava may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Wrapped Kava's ATH?
Wrapped Kava’s all-time high (ATH) was AED 64.81 on 04 Sept 2023. This represents the highest recorded market price of the asset to date.
When will Wrapped Kava be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Wrapped Kava just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Wrapped Kava?
With a market capitalization of 2.013M, Wrapped Kava is ranked 742 among other crypto assets.
What is the all-time high of Wrapped Kava?
The highest valuation of Wrapped Kava since its launch was at AED 64.81, marking its all-time high.
What is the 24-hour trading volume of Wrapped Kava?
The trading activity of Wrapped Kava over the last 24 hours was at 0.000, highlighting its liquidity in the market.
How many Wrapped Kava are there in circulation?
There are approximately 7.847M units of Wrapped Kava currently in circulation, affecting its market dynamics.
What is the relative popularity of Wrapped Kava?
Wrapped Kava market cap is around 2.013M.
When was Wrapped Kava created?
Wrapped Kava was introduced on 05 Nov 2019.
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