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KAVA $0.06811 down 0.17% Market cap $73.8M

Adds Axelar WBTC to kava Lend and adjusts incentives

Proposal #143 on Kava

Overview

Updated

Passed

Voting ended
Jun 12, 2023
Opened Jun 5, 2023
Submitted
Jun 5, 2023
Jun 5, 23:06 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 33.8M KAVA
  • No 52K KAVA
  • No with veto 0 KAVA
  • Abstain 28M KAVA

Description

Adds Axlear WBTC to kava Lend. Reduces incentives for multichain assets in kava Lend, and adds incentives for Axelar WBTC.

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 Axelar WBTC to kava Lend and adjusts incentives",
            "changes": [
                {
                    "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\"},{\"kava_erc20_address\":\"0x1a35EE4640b0A3B87705B0A4B45D227Ba60Ca2ad\",\"denom\":\"erc20/axelar/wbtc\"}]",
                    "subspace": "evmutil"
                },
                {
                    "key": "MoneyMarkets",
                    "value": "[{\"denom\":\"btcb\",\"borrow_limit\":{\"has_max_limit\":true,\"maximum_limit\":\"1000000000.000000000000000000\",\"loan_to_value\":\"0… (6,707 characters)",
                    "subspace": "hard"
                },
                {
                    "key": "HardSupplyRewardPeriods",
                    "value": "[{\"active\":true,\"collateral_type\":\"usdx\",\"start\":\"2022-11-11T15:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second… (2,201 characters)",
                    "subspace": "incentive"
                }
            ],
            "description": "Adds Axlear WBTC to kava Lend. Reduces incentives for multichain assets in kava Lend, and adds incentives for Axelar WBTC."
        },
        "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.