DWF Labs, an internationally known digital asset market maker, forms an association with the Kava Chain. DWF Labs is also a multi-level Web3 investment company. This joining of hands will bring about the growth of Kava’s DeFi ecosystem with an extra focus on its decentralized exchanges (DEXs).
On its part, the Kava Chain is a safe Layer 1 blockchain that brings together the developer potential of Ethereum and the accelerated interoperability of Cosmos within a sole and upgradeable network. Kava is known to be the space for conventional USDt for the Cosmos. The conventional token, $KAVA, is listed in the top 100 tokens in terms of market capitalization. The Kava Chain is holding on to $230 million in terms of total value locked (TVL).
As per the understanding, DWFLabs will be responsible for providing deep-rooted know-how regarding risk control, as well as liquidations, fee structures, traded products, and market maker systems for the benefit of DEXs created on the Kava Chain.
Additionally, DWFLabs will incorporate and begin established trading, reaching 10 Kava Chain DEXs and perpetual DEXs. DWF Labs has committed to setting up a substantial trading position with the help of a market share of a minimum of 7.5% of the complete trading volume throughout the Kava Chain’s DEXs.
According to the Managing Partner of DWF Labs, Andrei Grachev, they are most pleased with this association, which will help in backing the growth of Kava’s DeFi ecosystem and encourage innovations being carried out on the blockchain. In his opinion, this will help strengthen their position in the market. They will now target DEXs, which are required to make their mark in the Kava Chain ecosystem.
DWF Labs is an international digital asset market maker and a multi-level investment company. It is known to deal in large volumes of cryptocurrency trading in spot and off-shoot markets connected to more than 60 prime exchanges.
The Kava Chain, on the other hand, is a safe and speedy Layer 1 blockchain that brings together the potential of the developer of Ethereum and the accelerated interoperability of Cosmos within a sole and upgradeable network.