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Home DeFi

DeFi and Digital Assets Platform Kava Announces that Version 9 Is Coming: IBC and More Features

admincrypto by admincrypto
October 25, 2021
in DeFi
DeFi and Digital Assets Platform Kava Announces that Version 9 Is Coming: IBC and More Features
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The Kava 9 mainnet upgrade is coming, and it’s bringing several key changes aimed at further expanding the Kava Ecosystem by adding more ways for users and projects to bring their assets to Kava.

As mentioned in a blog post by the team at Kava Labs:

“Chief among these is the upgrade to version 44 of the Cosmos SDK, which will implement the Inter-Blockchain Communication Protocol (IBC).”

This will allow holders of all IBC-enabled assets to easily bring their assets to Kava and “earn with them on Kava’s best-in-class products.”

Existing Kava users will also “gain access to an array of new in-demand assets to use in the Kava Ecosystem,” the announcement noted while adding that the targeted launch timeframe for the Kava 9 upgrade “is late Q4 2021 to Q1 2022.”

The Kava 9 mainnet upgrade includes a number of useful features that should help with preparing the Kava Ecosystem “for massive growth in 2022 and deliver quality-of-life improvements for Kava users at launch.”

The full feature list is:

  • IBC integration
  • Earning with IBC assets
  • Kava Launchpad
  • ETH Bridge core infrastructure
  • Prioritized mempool
  • Keplr Wallet support
  • Various developer tools
  • IBC Integration

As a Layer-1 blockchain developed using the Cosmos SDK, it has been a goal to “integrate IBC and unlock the benefits of Kava for a wider audience since its launch in March,” the platform’s developers noted.

As with all things that Kava does, “ensuring the security and stability of any major change is the top priority.” With Kava 9, the infrastructure will be “in place to integrate safely and begin connecting to the Cosmos ecosystem without putting users at risk,” the developers confirmed.

They added:

“This is a huge step for Kava, as it will mean unlocking the ability not only to bring assets from IBC-enabled chains onto Kava, but also to easily move $KAVA, $HARD, and $SWP off Kava to be used on other chains. This will provide a number of new onramps to the Kava ecosystem,…

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