missed out? Been off for some time
Yh
How do you earn a stable coin for just depositing atom?
You will need to use Kava Mint to mint USDX using ATOM as a collateral when you open a CDP (Collateralized Debt Position)
Nice! So you deposit atom earn a stable coin what if you want to withdraw atom do you have to pay back the stable coin?
Fire 😉 so users constantly earn more stable coins or a fixed amount per atom
It depends on ATOM's market price.
If you deposit your atom to kava mint and mint/borrow USDX, you can supply that USDX to kava lend or KavaSwap Alongside another asset and earn high yield in either Kava or SWP tokens. The vesting/locked kava rewards can earn more liquid kava while vesting
You borrow the stablecoin USDX and then use it to earn kava tokens
When will all this be possible? When is the upgrade
Will Juno be on kava?
Kava-9 is due in January with IBC support, not sure how soon after you can start to earn from your atom
At some point you might be able to supply atom alongside USDX to a atom/USDX liquidity pool on KavaSwap if such a pool is added and rewards assigned to it
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