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KAVA $0.06801 0.01% Market cap $73.6M

Kinetix Joins Kava Ignition

Proposal #159 on Kava

Kava network: Day Nov 4 · Healthy

Typical fee 0.005 KAVA

Overview

Updated

Passed

Voting ended
Sep 6, 2023
Opened Aug 30, 2023
Submitted
Aug 30, 2023
Aug 30, 17:54 UTC
Deposit
1,000 KAVA
Type
Text proposal

Votes

  • Yes 37.8M KAVA
  • No 357K KAVA
  • No with veto 1 KAVA
  • Abstain 24.7M KAVA

Description

Background

Kava Ignition Program provides rewards to onboard best in class protocols onto Kava in order further network adoption, security, and decentralization. The goal of this community initiated program is to onboard proven and/or highly promising protocols that can bring their security, community, know how, and adoption to the Kava network. This proposal outlines Kinetix’s participation in the Kava Ignition program and incentives to be distributed, as part of and in addition to Kava Rise.

More on Kava Ignition

Why Kinetix?

The first decentralized Perpetuals platform on the Kava Chain, as well as a Uniswap v3 spot DEX featuring concentrated liquidity. Backed by a team of core contributors to projects such as Quikswap and GMX, Kinetix is building a Kava-native DeFi Hub with KFI.

Given the track record of the Kinetix team and adoption of both GMX and Quickswap, Kinetix shows promise in furthering Kava Ignition protocol goals. The Kinetix team brings a great amount of industry experience to share with the Kava community, while the protocol brings some very exciting functionality.

Visit Kinetix.finance

Proposal

After launching a Kinetix Perpetual and Kinetix v3 DEX on the Kava Chain, Kinetix will receive a minimum of 125k KAVA per month through Kava Rise for the following 12 months. Kinetix makes a commitment to onboarding an ecosystem of projects to build on top of the Kinetix platform on Kava.

Vote Yes

By voting yes, you agree that Kava Ignition participant Kinetix, will receive the incentives outlined above as they meet certain participation requirements.

Vote No

By voting no, you disagree that Kava Ignition participant Kinetix, will receive the incentives outlined above as they meet certain participation requirements.

What it does

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

  1. Text proposal cosmos.gov.v1beta1 
    {
    "@type": "/cosmos.gov.v1.MsgExecLegacyContent",
    "content": {
        "@type": "/cosmos.gov.v1beta1.TextProposal",
        "title": "Kinetix Joins Kava Ignition",
        "description": "# Background\nKava Ignition Program provides rewards to onboard best in class protocols onto Kava in order further networ… (1,900 characters)"
    },
    "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.