Kava is getting exciting, i'm testing every new protocol deployed

Question

Kava Official

LeitonDuc

Kava is getting exciting, i'm testing every new protocol deployed

and they seem great.
Just to know, are they filtered by kava labs to try to prevent scams? @cryptoswithcam

#blockchain #cryptocurrency #english #kava

0

23.06.2022

18 ответов

11 просмотров

Cameron | Kava (I will never DM first)

Like Ethereum and Binance Smart Chain, everyone is allowed to deploy their protocol. We have no control over protocols deployed on the Kava EVM. Otherwise, that would be centralized. Of course, it is always recommended you do your research before you put your assets in protocols.

0

24.06.2022

Who-is-Who

Cameron | Kava (I will never DM first)
Like Ethereum and Binance Smart Chain, everyone is...

Nice comparing with ETH and bsc Would their network going down with one bot spamming? 🤔

0

24.06.2022

Dam

Whaaaat?! So basically people are paying to protocols with inflation for deploying without any auditing??!. So maybe we the community are giving away inflationed kavas to scammers?!?!?!? Thats ridiculous!!!!!

0

24.06.2022

CryptoDaz (Darren)

Dam
Whaaaat?! So basically people are paying to protoc...

They would need to attract a decent amount of TVL to receive much. Not sure if they could game the system by supplying most of the TVL themselves

0

24.06.2022

J K

I do think there is a potential problem here. If you look at bdollar/bearn who offered a similar app to what Ruby is trying to do on kava, the algo stablecoins did really well in the beginning in terms of price of coins and tvl until the balloon popped.

0

24.06.2022

Marc

CryptoDaz (Darren)
They would need to attract a decent amount of TVL ...

If we calculate based on current TVL, more than 90% of the first month kava rise program reward goes to dForce. but what they are doing is just transferring their token(USX) to kava chain from other chain. https://explorer.kava.io/token/0xDb0E1e86B01c4ad25241b1843E407Efc4D615248/token-transfers but no one still used yet.(we can check from on-chain data) I can't connect metamask(kava.eth chain) on their frontend. and they are counting this token supply as TVL. https://github.com/DefiLlama/DefiLlama-Adapters/blob/main/projects/dforce/index.js I'm not sure this is legit way, but I think kava team deal with it properly.

0

24.06.2022

Marc

J K
I do think there is a potential problem here. If y...

Protocol's TVL is calculated by TWAP, so if we attract a huge amount of TVL only in the short term, it does not mean anything.

0

24.06.2022

Denis Rublev

Cameron | Kava (I will never DM first)
Like Ethereum and Binance Smart Chain, everyone is...

@cryptoswithcam is it possible to make a new AMA where people can ask questions about the kava state and the kava rise program? I see some concerns about fees, about rise program etc. Maybe we can have a new chat with the devs?

0

24.06.2022

Ercan

Denis Rublev
@cryptoswithcam is it possible to make a new AMA w...

They don't listen community regarding rise program... Nobody is in favor of such a huge inflationary program

0

24.06.2022

Denis Rublev

Ercan
They don't listen community regarding rise program...

They are doing exactly the same thing what evmos is doing

0

24.06.2022

Cameron | Kava (I will never DM first)

Sure, I can share your request with the team, but I cannot guarantee anything.

0

24.06.2022

Denis Rublev

Cameron | Kava (I will never DM first)
Sure, I can share your request with the team, but ...

That’s not for me personally, so I don’t care much. I have a heavy kava bag, but I know how things are done in Kava

0

24.06.2022

Cameron | Kava (I will never DM first)

Dam
Whaaaat?! So basically people are paying to protoc...

Let me clarify one thing. We are adding processes to take a thorough look at protocols before onboarding. They can deploy their protocol on the Kava EVM if they pass the processes. However, once the protocols are deployed, everyone is responsible for the safety of their assets if they put their assets within a protocol.

0

24.06.2022

colm

Cameron | Kava (I will never DM first)
Like Ethereum and Binance Smart Chain, everyone is...

And just to confirm this is not the case with the Kava Pioneer program?

0

24.06.2022

Cameron | Kava (I will never DM first)

colm
And just to confirm this is not the case with the ...

Kava Pioneer program is a separate case.

0

24.06.2022

Dex Bruce [Never Ask for Fund]

Dam
Whaaaat?! So basically people are paying to protoc...

The rewards are based on TVL. So scammer who got millions in LP won't wait for Kava rewards

0

24.06.2022

Who-is-Who

Marc
If we calculate based on current TVL, more than 90...

alot trick will happen for getting more reward as well there isno doubt you cant find any fair measure for distribution reward as like distribution is not clear yet something when snapshot will happen for TLV(maybe averagin of month or etc) but anyhow when base token isnot neccessary(KAVA) for tlv then any token can be added like atom that their team has big pie of it so forget about racing😁

0

24.06.2022

Mike · Accepted Answer

Mike

I don't believe so. The plan is to allow anyone the ability to deploy on Kava. Use caution as you would any other blockchains like Ethereum, Binance Smart Chain etc

0

24.06.2022

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Kava is getting exciting, i'm testing every new protocol deployed

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