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.