The Kava Network team announced via Twitter on Monday that Gamut Exchange has launched on its blockchain. Gamut is a decentralized exchange powered by an AMM designed for volatile assets. Gamut aims to be a DeFi tour de force that benefits liquidity providers and traders with lower fees, higher incentives, and minimal impermanent loss.
Kava aims to become the default DeFi platform by providing stablecoins and decentralized lending against all major crypto assets. KAVA is up by 6% in the last 24 hours and is trading at $0.555 at press time.