The Kava Network team announced via a tweet on Thursday that Agave Lending has joined its Pioneer Program. Agave is a decentralized, non-custodial money market and lending protocol. Kava said Agave Lending will soon deploy to the Ethereum Co-Chain, allowing users to receive passive income while borrowing and lending digital assets.
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 8% in the last 24 hours and is trading at $2.485 at press time.