The Kava Network team welcomed Qi DAO to its Kave Rise program via Twitter on Thursday. Qi DAO is a collateral-backed, decentralized stablecoin lending platform integrated with more than 20 leading blockchains. By deploying on Kava, Kava users can now borrow stablecoins interest-free against their crypto assets on QiDAO.
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 up by 2% in the last 24 hours and is trading at $1.396 at press time.