Kava Network Asks Its Community To Vote On Proposal 89

Twitter icon  •  Published 3 weeks ago  •  Hassan Maishera

The Kava Network team urged its community via a tweet on Wednesday to vote on Proposal 89.

The Kava Network team urged its community via a tweet on Wednesday to vote on Proposal 89. If approved, annual inflation for Kava stakers will be adjusted from 17% to 13.5%, the team added. This proposal wants 3.5% of inflationary Kava to be redirected from Kava stakers to the community pool

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 8% in the last 24 hours and is trading at $1.583 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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