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KAVA $0.06816 0.46% Market cap $73.8M

Add KAVA to the list of allowed CDP collaterals

Proposal #25 on Kava

Kava network: Day Nov 4 · Healthy

Typical fee 0.008 KAVA

Overview

Updated

Passed

Voting ended
Dec 2, 2020
Opened Nov 25, 2020
Submitted
Nov 25, 2020
Nov 25, 18:53 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 58.8M KAVA
  • No 1.62K KAVA
  • No with veto 0 KAVA
  • Abstain 0 KAVA

Description

This proposal adds KAVA as an allowed CDP collateral. Kava-USD markets are added to the pricefeed, and the global debt limit is set to 122,500,000 USDX (BNB-A: 30M, BTC-A: 15M, XRPB-A: 7.5M, BUSD-A: 50M, BUSD-B: 10M, KAVA-A: 10M). See parameters at: https://ipfs.io/ipfs/QmXaaBhacNZ1RzQ2Su2LdAK8tCtLoyCwicUTm9sjpbPssz/add-kava-collateral-proposal.pdf

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": "Add KAVA to the list of allowed CDP collaterals",
        "changes": [
            {
                "key": "CollateralParams",
                "value": "[{\"denom\":\"bnb\",\"type\":\"bnb-a\",\"liquidation_ratio\":\"1.500000000000000000\",\"debt_limit\":{\"denom\":\"usdx\",\"amount\":\"3000000… (2,073 characters)",
                "subspace": "cdp"
            },
            {
                "key": "GlobalDebtLimit",
                "value": "{\"denom\":\"usdx\",\"amount\":\"122500000000000\"}",
                "subspace": "cdp"
            },
            {
                "key": "Markets",
                "value": "[{\"market_id\":\"bnb:usd\",\"base_asset\":\"bnb\",\"quote_asset\":\"usd\",\"oracles\":[\"kava12dyshua9nkvx9w8ywp72wdnzrc4t4mnnycz0dl\",… (5,514 characters)",
                "subspace": "pricefeed"
            }
        ],
        "description": "This proposal adds KAVA as an allowed CDP collateral. Kava-USD markets are added to the pricefeed, and the global debt limit is set to 122,500,000 USDX (BNB-A: 30M, BTC-A: 15M, XRPB-A: 7.5M, BUSD-A: 50M, BUSD-B: 10M, KAVA-A: 10M). See parameters at: https://ipfs.io/ipfs/QmXaaBhacNZ1RzQ2Su2LdAK8tCtLoyCwicUTm9sjpbPssz/add-kava-collateral-proposal.pdf"
    },
    "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.