Hassan Maishera
The Kava Network team announced via a tweet on Monday that Saddle Finance has officially launched on its blockchain. Saddle Finance is an automated market maker for swapping low-slippage pegged assets like tokenized Bitcoins and stablecoins. Kava said it is excited to have Saddle Finance on its network and their commitment to bringing low slippage swaps to DeFi is a huge plus.
Kava aims to become the default DeFi platform by providing stablecoins and decentralized lending against all major crypto assets. KAVA is up by more than 2% in the last 24 hours and is trading at $2.473 at press time.
