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KAVA $0.06807 up 0.01% Market cap $73.7M

Adds Tether USDt to kava lend and adjusts incentives

Proposal #147 on Kava

Overview

Updated

Passed

Voting ended
Jul 13, 2023
Opened Jul 6, 2023
Submitted
Jul 6, 2023
Jul 6, 19:17 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 40.7M KAVA
  • No 418K KAVA
  • No with veto 0 KAVA
  • Abstain 22.1M KAVA

Description

Description

This proposal adds Tether USDt to Kava Lend. It adds incentives for Tether’s USDt and reduces incentives on various assets in Kava Lend.

Vote Yes

By voting yes, you agree to the asset addition and incentive adjustments in Kava Lend.

Vote No

By voting no, you disagree with the asset addition and incentive adjustments in Kava Lend.

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 Tether USDt 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\"},{\"kava_erc20_address\":\"0x919C1c267BC06a7039e03fcc2eF738525769109c\",\"denom\":\"erc20/tether/usdt\"}]",
                    "subspace": "evmutil"
                },
                {
                    "key": "MoneyMarkets",
                    "value": "[{\"denom\":\"btcb\",\"borrow_limit\":{\"has_max_limit\":true,\"maximum_limit\":\"1000000000.000000000000000000\",\"loan_to_value\":\"0… (7,179 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… (2,370 characters)",
                    "subspace": "incentive"
                }
            ],
            "description": "# Description\nThis proposal adds Tether USDt to Kava Lend. It adds incentives for Tether’s USDt and reduces incentives on various assets in Kava Lend.\n\n# Vote Yes\nBy voting yes, you agree to the asset addition and incentive adjustments in Kava Lend.\n\n# Vote No\nBy voting no, you disagree with the asset addition and incentive adjustments in Kava Lend.\n\n"
        },
        "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.