CryptoNinjas » Kava Labs introduces new cross-chain swap protocol

Kava Labs, a builder of compose-able DeFi apps and services, today announced its next project, Kava Swap, a production-ready cross-chain liquidity hub for all DeFi apps and financial services.

The Kava Swap protocol is a cross-chain autonomous market-making (AMM) app built on the Kava platform. It delivers a seamless way to swap between assets of different blockchains and deploy capital into market-making pools to earn returns.

Built as an open and permissionless application, Kava Swap is accessible by anyone, anytime, and anywhere. Exchanges, DeFi apps, and financial institutions can leverage Kava Swap to access additional liquidity, trade assets, and extend earning opportunities to their users.

“AMMs are emerging as the next big thing in DeFi. In traditional finance, market maker returns are reserved for only the most sophisticated trading firms. AMMs enable users of all kinds to participate. This increases the liquidity of markets while empowering even the smallest of users. The next logical step is expanding AMM interoperability in order to give traders and LPs a wider range of options and opportunities. With Kava Swap, we are building cross-chain liquidity pools to trade the world’s largest assets; and to give all users the ability to maximize returns by leveraging the complete Kava platform. Kava Swap gives everyone the ability to put their crypto to work. Our architecture connects assets and ecosystems so that anyone can earn high yields and swap seamlessly across blockchains. We are building a highly extensible, complete, and secure liquidity infrastructure to provide a safe, efficient, and streamlined user experience. With our platform; there is no need to go elsewhere to source the assets you need to conduct your crypto transactions, empowering even little guys to be market makers.”
– Brian Kerr, Chief Executive Officer of Kava Labs

As currently planned, Kava Swap will be available in August 2021.

CryptoNinjas » Kava Labs introduces new cross-chain swap protocol