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KAVA $0.06827 up 0.70% Market cap $73.9M

Adds Merlin-BTC to Kava Lend

Proposal #191 on Kava

Overview

Updated

Passed

Voting ended
Oct 17, 2024
Opened Oct 10, 2024
Submitted
Oct 10, 2024
Oct 10, 18:52 UTC
Deposit
1,000 KAVA
Type
Parameter change

Proposed by kava1me2recm8…qz9l3t

Votes

  • Yes 22.1M KAVA
  • No 27K KAVA
  • No with veto 2.73K KAVA
  • Abstain 16.4M KAVA

Description

Description

This proposal adds Merlin BTC, a leading Bitcoin Layer 2, to Kava Lend protocol. mBTC will have cosmos-sdk denom erc20/meson/mbtc. The new mBTC money market will start in deposit only mode (no borrows, zero collateral factor).

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 Merlin-BTC to Kava Lend",
            "changes": [
                {
                    "key": "EnabledConversionPairs",
                    "value": "[{\"kava_erc20_address\":\"0xeb466342c4d449bc9f53a865d5cb90586f405215\",\"denom\":\"erc20/axelar/usdc\"},{\"kava_erc20_address\":\"… (1,211 characters)",
                    "subspace": "evmutil"
                },
                {
                    "key": "MoneyMarkets",
                    "value": "[{\"denom\":\"btcb\",\"borrow_limit\":{\"has_max_limit\":true,\"maximum_limit\":\"1000000000.000000000000000000\",\"loan_to_value\":\"0… (8,133 characters)",
                    "subspace": "hard"
                }
            ],
            "description": "# Description\nThis proposal adds Merlin BTC, a leading Bitcoin Layer 2, to Kava Lend protocol. mBTC will have cosmos-sdk denom erc20/meson/mbtc. The new mBTC money market will start in deposit only mode (no borrows, zero collateral factor)."
        },
        "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.