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KAVA $0.06816 up 0.19% Market cap $73.8M

Adds Axlear USDC (erc20/axelar/usdc) to Kava Lend and updates incentives allocation to include axlUSDC incentives in Kava Lend.

Proposal #131 on Kava

Overview

Updated

Passed

Voting ended
Mar 22, 2023
Opened Mar 15, 2023
Submitted
Mar 15, 2023
Mar 15, 16:01 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 49.4M KAVA
  • No 11.2K KAVA
  • No with veto 16.8K KAVA
  • Abstain 2.38M KAVA

Description

Adds axlUSDC into the Kava Lend module via the Cosmos co-chain with the support of the Axelar Bridge, plus small portions of incentives from other supported assets on Kava Lend will be redirected to axlUSDC.

What it does

The message the chain carries out if it passes, as written in the proposal.

  1. Parameter change cosmos.params.v1beta1
    {
        "@type": "/cosmos.gov.v1.MsgExecLegacyContent",
        "content": {
            "@type": "/cosmos.params.v1beta1.ParameterChangeProposal",
            "title": "Adds Axlear USDC (erc20/axelar/usdc) to Kava Lend and updates incentives allocation to include axlUSDC incentives in Kava Lend.",
            "changes": [
                {
                    "key": "HardSupplyRewardPeriods",
                    "value": "[{\"active\":true,\"collateral_type\":\"usdx\",\"start\":\"2022-11-11T15:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second… (1,501 characters)",
                    "subspace": "incentive"
                },
                {
                    "key": "EnabledConversionPairs",
                    "value": "[{\"kava_erc20_address\":\"0xEB466342C4d449BC9f53A865D5Cb90586f405215\",\"denom\":\"erc20/axelar/usdc\"},{\"kava_erc20_address\":\"0xfa9343c3897324496a05fc75abed6bac29f8a40f\",\"denom\":\"erc20/multichain/usdc\"},{\"kava_erc20_address\":\"0xb44a9b6905af7c801311e8f4e76932ee959c663c\",\"denom\":\"erc20/multichain/usdt\"},{\"kava_erc20_address\":\"0x765277eebeca2e31912c9946eae1021199b39c61\",\"denom\":\"erc20/multichain/dai\"},{\"kava_erc20_address\":\"0x818ec0a7fe18ff94269904fced6ae3dae6d6dc0b\",\"denom\":\"erc20/multichain/wbtc\"}]",
                    "subspace": "evmutil"
                },
                {
                    "key": "MoneyMarkets",
                    "value": "[{\"denom\":\"btcb\",\"borrow_limit\":{\"has_max_limit\":true,\"maximum_limit\":\"1000000000.000000000000000000\",\"loan_to_value\":\"0… (4,805 characters)",
                    "subspace": "hard"
                },
                {
                    "key": "EIP712AllowedMsgs",
                    "value": "[{\"msg_type_url\":\"/kava.evmutil.v1beta1.MsgConvertERC20ToCoin\",\"msg_value_type_name\":\"MsgValueEVMConvertERC20ToCoin\",\"va… (2,708 characters)",
                    "subspace": "evm"
                }
            ],
            "description": "Adds axlUSDC into the Kava Lend module via the Cosmos co-chain with the support of the Axelar Bridge, plus small portions of incentives from other supported assets on Kava Lend will be redirected to axlUSDC."
        },
        "authority": "kava10d07y265gmmuvt4z0w9aw880jnsr700jxh8cq5"
    }

How validators voted

A validator's vote counts for its delegators unless they vote themselves. Largest stake first.

Voting ended before BitBasic started recording Kava votes on Oct 29, 2026, and the chain deletes votes when voting ends.