The Kava Network team announced via Twitter on Thursday that Empire Capital has joined its Rise program. Empire Capital is a DeFi-as-a-Service platform focused on providing open banking services. Kava said Empire Capital joined Kava Rise to increase yield generation opportunities using their DeFi app Roundify. Kava Rise is a $750 million on-chain developer incentive designed to attract the most innovative developers to the Kava Network.
Kava aims to become the default DeFi platform by providing stablecoins and decentralized lending against all major crypto assets. KAVA is down by more than 1% in the last 24 hours and is trading at $1.749 at press time.