The Kava Network team announced via a tweet on Saturday that Agave Lending has officially deployed on its blockchain. Agave is a decentralized, non-custodial money market and lending protocol that allows 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 9% in the last 24 hours and is trading at $2.555 at press time.