Stargate Deployment On Kava

Background The Kava Network is a Layer-1 blockchain that combines the speed and scalability of the Cosmos SDK with the developer support of Ethereum. The Kava Network will empower developers to build for Web3 and next-gen blockchain technologies through its unique co-chain architecture. KAVA is the native governance and staking token of the Kava Network, enabling its decentralization and security.

Kava network enables seamless interoperability between the Ethereum and Cosmos Co-Chains empowering developers to build in whichever environment they want without sacrificing access to the users and assets of the other. Kava’s lightning-fast Tendermint Core consensus engine enables the free flow of users, assets, and projects between Kava and the industry’s most relevant ecosystems at scale. The Kava network also stands as the only blockchain with a native issuance of USDT that seamlessly connects to the Cosmos ecosystem.

Kava network also features an innovative and transparent on-chain incentive program, Kava Rise, to ensure that the best builders in the Ethereum and Cosmos ecosystems are properly rewarded for driving growth to the Kava Network.

Proposal The Kava Origin Foundation proposes for Stargate to launch on Kava now that there is the LayerZero endpoint on Kava mainnet. To start, the Foundation would like to request one pool: USDT (Ethereum, Arbitrum, Optimism, Polygon, BNB Chain and Avalanche)

To incentivize this launch and campaign, the Kava Origin Foundation proposes a 2 year grant distributed as: Guaranteed 500,000 KAVA over next two years distributed monthly and in addition to Kava Rise which is an innovative and transparent on-chain incentive program for developers driving adoption to the Kava Network.50,000 KAVA upfront as kickoff grant which is in addition to rewards above and can be used discretionarily.

Anticipated 25,000 KAVA per month in rewards from Abracadabra KAVA incentives on Stargate USDT LP pools.

Kava aims to conduct a robust marketing campaign to maximize the benefits of Stargate's successful cross-chain and interconnectivity mission. By highlighting Stargate's revolutionary features, we aim to showcase the immense value it brings to Kava and the entire blockchain ecosystem. By leveraging Stargate's powerful features, Kava enables seamless capital movement, empowering businesses and individuals to thrive in a dynamic and interconnected digital economy.

Through the integration of Kava into Stargate, a plethora of revenue streams and gateways are unlocked for the Stargate DAO, previously inaccessible due to the lack of a connection between Stargate and the Cosmos ecosystem. A notable area of interest is our esteemed Kava Rise program, which rewards builders with $750 million in transparent on-chain incentives for their invaluable contributions in driving activity and generating value. The prospect of building on LayerZero and Stargate has sparked great enthusiasm among Kava developers, promising to amplify value, utilization, and synergy within the DAO. Ultimately, this integration will foster a thriving ecosystem, channeling increased numbers of users and value back to the DAO.

Success Measures Stargate Protocol enables USDT transfers between Kava, Ethereum, Arbitrum, Optimism, Polygon, BNB Chain and Avalanche. This integration opens up new access points for value transfer, creating additional opportunities to capture fees for the Protocol. As a result, users can enjoy enhanced flexibility and efficiency when transferring USDT across these blockchain networks and also enable the Stargate protocol can tap into untapped potential within the cosmos ecosystem, unlocking previously inaccessible avenues of growth and value.

Kava Origin Foundation provides a 2-year grant incentivizing liquidity, as well as providing Stargate DAO with incremental revenue through value capture from providing liquidity on these liquidity paths.

Steps for Integration Stargate deploys on Kava, enabling the USDT pool to and from Kava, Ethereum, Arbitrum, Optimism, Polygon, BNB Chain and Avalanche The Kava Origin Foundation initiates a comprehensive marketing campaign aimed at showcasing the significance of Stargate on the Kava network

Summary By expanding to a new chain, Stargate will effectively advance its mission to become the leading omnichain liquidity layer, offering a wider range of choices and increased trading volume through its platform. This expansion will not only generate more revenue for the DAO but also solidify Stargate as an integral component of the Kava ecosystem powering seamless transfers of various tokens, including native USDT, across the vast and interconnected Cosmos network. Furthermore, it will contribute to the development of a more resilient DeFi infrastructure on Kava, enhancing the network's utility and delivering added value to its users.