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KAVA $0.06827 up 0.70% Market cap $73.9M

Adds WBTC to Kava Lend and adjusts incentives

Proposal #182 on Kava

Overview

Updated

Passed

Voting ended
Jun 26, 2024
Opened Jun 19, 2024
Submitted
Jun 19, 2024
Jun 19, 16:39 UTC
Deposit
1,000 KAVA
Type
Parameter change

Proposed by kava1me2recm8…qz9l3t

Votes

  • Yes 34.6M KAVA
  • No 52.3K KAVA
  • No with veto 2.47K KAVA
  • Abstain 3.91M KAVA

Description

Description

This proposal adds WBTC to the Lend protocol and adjust incentives for WBTC, axlBTC, and axlUSDC. The new WBTC money market will start in deposit only mode.

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 WBTC to Kava Lend and adjusts incentives",
            "changes": [
                {
                    "key": "EnabledConversionPairs",
                    "value": "[{\"kava_erc20_address\":\"0xeb466342c4d449bc9f53a865d5cb90586f405215\",\"denom\":\"erc20/axelar/usdc\"},{\"kava_erc20_address\":\"… (1,114 characters)",
                    "subspace": "evmutil"
                },
                {
                    "key": "MoneyMarkets",
                    "value": "[{\"denom\":\"btcb\",\"borrow_limit\":{\"has_max_limit\":true,\"maximum_limit\":\"1000000000.000000000000000000\",\"loan_to_value\":\"0… (7,651 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… (1,673 characters)",
                    "subspace": "incentive"
                }
            ],
            "description": "# Description\nThis proposal adds WBTC to the Lend protocol and adjust incentives for WBTC, axlBTC, and axlUSDC. The new WBTC money market will start in deposit only mode."
        },
        "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.