Kava Will Release KAVA13 Upgrade with KavaEVM2.0 and StrategicVault Functionality

On April 12th, Kava announced on Twitter that it would release KAVA13 at 1am Beijing time on May 11th. According to previous news, the Kava13 upgrade includes: 1. KavaEVM2.0, which will improve performance through full node software optimization and hosting service provider expansion, eliminate downtime and accelerate the processing of large amounts of data requests from protocols and wallets to support the launch of new protocols, Cosmos Ethereum bridging, and increase the practicality of Cosmos SDK and EVM on chain wallets, dApps, and assets; 3. Vault control, with the expansion of StrategicVault functionality, KavaDAO will be able to manage its treasury and deploy resources to any protocol on Kava.

KAVA13 will be released on May 11th, and this upgrade will cover KavaEVM2.0 and more

Introduction

On April 12th, Kava announced on Twitter that it would release KAVA13 at 1am Beijing time on May 11th. The Kava13 upgrade includes various improvements, including KavaEVM2.0 and strategic Vault control. In this article, we will discuss the new updates and their benefits.

What is Kava?

Before we talk about the KAVA13 upgrade, let’s first understand what Kava is. Kava is a blockchain platform designed to provide DeFi solutions. It facilitates the exchange of digital assets and offers a broad range of services like lending, borrowing, and providing staking rewards to its users.

What is KavaEVM2.0?

KavaEVM2.0 is the focal point of the KAVA13 upgrade. It is designed to improve performance by optimizing full node software and expanding hosting service providers. With this upgrade, Kava aims to eliminate downtime and accelerate the processing of more data requests from protocols and wallets. This technology will support the launch of new protocols, including Cosmos Ethereum bridging, and enhance the practicality of Cosmos SDK and EVM on-chain wallets, dApps, and assets.

StrategicVault Functionality

The Kava13 upgrade also includes an expansion of StrategicVault functionality. The KavaDAO will now manage its treasury and deploy resources to any protocol on Kava. StrategicVault functionality was initially limited to Kava’s core platform. It focused on providing a way for users to earn interest on stablecoins while safeguarding their principal in a non-custodial way. But now, the expanded capabilities of StrategicVault functionality will allow the KavaDAO to diversify its assets and provide more opportunities to its users.

Benefits of the Upgrade

With the inclusion of KavaEVM2.0, Kava plans to improve the user experience by reducing transaction times, enhancing the practicality of Cosmos SDK and EVM on-chain wallets, dApps, and assets, and supporting the launch of new protocols like Cosmos Ethereum bridging. Furthermore, the expanded capabilities of StrategicVault functionality will allow the KavaDAO to manage its treasury and deploy resources to any protocol on Kava, providing more opportunities to its users.

Conclusion

Kava is a decentralized finance platform that provides a broad range of services to its users. The KAVA13 upgrade will include KavaEVM2.0 and strategic Vault functionality, both designed to improve the user experience and provide more opportunities to manage treasury and deploy resources.

FAQs

1. When will Kava release KAVA13?
Kava will release KAVA13 at 1am Beijing time on May 11th.
2. What is KavaEVM2.0?
KavaEVM2.0 is designed to improve performance by optimizing full node software and expanding hosting service providers, eliminating downtime, and accelerating the processing of more data requests.
3. What is StrategicVault functionality?
StrategicVault functionality is designed to provide a way for users to earn interest on stablecoins while safeguarding their principal in a non-custodial way. The expansion of this functionality will now allow the KavaDAO to diversify its assets and provide opportunities to its users.