Granted that Multi isn't Kava's responsibility. However, considering how central

Question

Granted that Multi isn't Kava's responsibility. However, considering how central

it's become, the continued success of Kava as an ecosystem seems to be at a serious existential risk, in the current situation.

Could Kava consider fronting some liquidity for the trapped funds? E.g., mint fresh KAVA in a treasury owned special purpose fund that would buy USDC and help it nudge it back to the peg. If Multi ends up being fine, the fund would have a massive gain (in $ terms) to further support development. If Multi goes down, then Kava can still at least survive.

#blockchain #cryptocurrency #english #kava

0

04.06.2023

9 ответов

28 просмотров

kvas (QiWi <-> BTC, LTC)

I wouldn't vote for this

0

04.06.2023

Oriol Автор вопроса

Sierra Golf
I don't think that makes sense, basically you are ...

don't discount the confidence boost. Or, alternatively, if stablecoin holders get rekt, the confidence hit

0

04.06.2023

Dream of silence

Oriol
don't discount the confidence boost. Or, alternati...

If the Multi situation doesn't fully recover,Kava is dead even more than MC. I mean, who would put 1$, not to say real money, in a chain that is dead.

0

04.06.2023

Max

Dream of silence
If the Multi situation doesn't fully recover,Kava ...

It's not dead. Still working fine with Trust wallet. I mint my BTCB there and lend my USDX stablecoins for an excellent yield.

0

04.06.2023

Dream of silence

Max
It's not dead. Still working fine with Trust walle...

Max are u aware that about70M that are onchain are currently dead?

0

04.06.2023

Max

Dream of silence
Max are u aware that about70M that are onchain are...

Really?

0

04.06.2023

Jock Pol

What of the team really wants to get rid of multi chain tokens and being native stables?

0

04.06.2023

Oriol Автор вопроса

Dream of silence
If the Multi situation doesn't fully recover,Kava ...

this. especially since stablecoin holders aren't exposed to any potential upside, it's not that usdc will ever go above $1, they renounce to the upside in exchange for value stability

0

04.06.2023

Sierra Golf · Accepted Answer

Sierra Golf

I don't think that makes sense, basically you are just reducing value of kava by giving it back to multichain tokens. not sure how they stand in perspective, but I assume the kava token price would get a pretty big hit. I think long term there need to be more bridge options and native tokens, both are already in progress.

0

04.06.2023

210 похожих чатов

Granted that Multi isn't Kava's responsibility. However, considering how central

9 ответов

Похожие вопросы