Kava proposes deploying Synapse on the Kava Network to earn a significant share of developer incentives and establish itself as the #1 cross-chain protocol throughout the Cosmos/IBC ecosystem.
Kava will help drive value to the SYN token and its users by extending Synapse to Kava EVM and therefore eventually all major Cosmos blockchains and fueling growth with Kava’s $750M Kava Rise developer incentive which Synapse should take a significant portion of with it’s usage.
Kava’s mainnet has been live since early 2018 with no downtime or exploits, demonstrating proven resiliency and scalability via its native suite of top-tier DeFi products. In that time, Kava has onboarded 1.9M+ unique addresses and processed more than $2B in cross-chain transactions without issue.
The Kava Network has built on that foundation by merging the industry’s two most used permissionless ecosystems — Ethereum and Cosmos — in a single, developer-optimized Layer-1 network. Kava implements a unique co-chain architecture (like Avalanche c-chains) that allows for seamless interoperability between the two environments.
Kava’s Ethereum co-chain has successfully launched and the massive $750M Kava Rise developer incentive program is now LIVE.
60+ EVM DeFi protocols like Curve & SushiSwap have now onboarded. This is an exciting opportunity for Synapse to deploy onto the Kava EVM and gain access to both the EVM and Cosmos ecosystems.
With the Kava Rise Program, the Kava Network is implementing a unique and transparent on-chain incentive model for developers and ecosystem projects. The Kava Rise program will programmatically distribute $750M in Kava over 4 years to projects based on TVL.
The groundwork has already been set, all that’s left is for Synapse to deploy onto Kava and start earning programmatic rewards every month which will accrue value to the SYN holder and user.
Grant upon deployment
The Kava ecosystem has agreed to contribute a $40K grant to Synapse upon successful deployment on the Kava EVM chain, and listing on DefiLlama under Kava. This grant will be paid out in $KAVA tokens. A 30-day moving average of $KAVA will be used to calculate price.
Kava and Synapse are aligned in together bringing Synapse to Kava’s co-chain ecosystem and the Cosmos ecosystem broadly, with the goal of cementing Synapse as the crosschain protocol of choice across the Cosmos and driving value to the Synapse community for years to come.
Kava community statistics:
Twitter Followers (@Kava_Chain): 200K+
Telegram Members: 29K+
Learn more about the Kava Network: https://www.kava.io/