Hassan Maishera
The Kava Network announced via X (formerly Twitter) Wednesday that they have partnered with DWF Labs, a global digital asset market maker and multi-stage Web3 investment firm.
The partnership aims to accelerate the growth and sophistication of Kava’s DeFi ecosystem, particularly its decentralised exchanges (DEXs). As part of the partnership, DWF Labs will offer strategic insights covering risk management, liquidations, fee structures, traded products, and market maker programs for DEXs built on the Kava Chain.
Furthermore, DWF Labs will integrate and start proprietary trading on up to 10 Kava Chain DEXs and perpetual DEXs. Additionally, DWF Labs pledges to establish a significant trading presence by targeting a market share of at least 7.5% of the total trading volume across the Kava Chain’s DEXs, the Kava team added.
Kava aims to become the default DeFi platform by providing stablecoins and decentralized lending against all major crypto assets. KAVA is up by 4% in the last 24 hours and is trading at $0.817 at press time.
