Hello. We are informing everyone that we have identified a fix for a bug that allowed CDPs created at the limit to be liquidated by a keeper. Note that this fix will go into effect in the following network upgrade, so users MUST leave a dust amount of additional collateral behind to avoid getting liquidated. In addition, we updated the CDP specifications, noting that CDPs with a collateral ratio precisely equal to the liquidation ratio can be liquidated. Here are v0.21 and below of the Kava software. Please note it is for CDPs created on the Mint protocol. Here are the CDP specifications on Liquidate -

github.com

Get ready to level up your game on Kava Lend! Exciting new asset coming to Kava Lend soon.

The engineering team confirmed BEP3 transfers haven't been working but should be back up in approximately an hour. The deputies fell behind when the Kava app nodes went down and are taking a while to catch up.

www.kava.io

The winners will be announced today. Please don't tag me or ask the same question repeatedly all day today. We highly recommend you keep an eye out on Twitter for the announcement. It is morning time in North America, so we have all day for the announcement to be posted. Thank you.

Currently, the Kava EVM RPC service is experiencing an outage. Our dedicated engineering team is working tirelessly to address this issue as we add new nodes being transited to the EVM RPC. We appreciate your understanding and apologize for the inconvenience. We anticipate that the service will be restored within the next 8 hours. Note that blocks are still being produced, and user funds are not at risk. We will keep you updated on this channel. Thank you!

Kava is excited to announce a partnership with Akash to advance decentralized infrastructure. What to expect: ✅ Akash will spend $1M+ on Kava Validators ✅ 2.5M AKT distributed to Kava Strategic Vault ✅ Akash Network Decentralized Cloud launches for Kava Validators Check the tweet here!

Hello everyone. Kava Chain is set to receive an upgrade from Kava 11 to Kava 12, which will occur during block height #3607200. You can follow the countdown clock for the upgrade at this link:

www.mintscan.io

We expect this to be a smooth and seamless process, and as it is not a major upgrade, we expect the downtime to be brief, lasting 20 minutes to no more than an hour. We are grateful for your support, and thank you for being a Kava user.

Hello everyone. I learned that prizes for the Binance Sweepstakes were distributed last night. I have all the winners along with TX-IDs. Please DM me if you think you haven't received your prize. Thank you.

Hello everyone, We've noticed that entrants in the Binance sweepstakes have asked the same question. So if you used an exchange address, such as Binance, please check your email from Kava to confirm your win. The winners' emails were sent out earlier this week. That includes winners who provided addresses from a 3rd party wallet provider like Trust Wallet or Keplr. Please check your spam inbox in case. Unfortunately, prize distribution may have been delayed due to not enough tokens in the distribution wallet to cover the $10,000 worth of prizes. In addition, our colleague in Hong Kong, who typically handles reward distributions, is currently offline. Please refer to the group’s pinned message or other messages for answers. We kindly ask for your understanding and for you to avoid asking repetitive questions.

Hello everyone. I want to provide an update for the users affected (due to liquidations on the Lend protocol) by the USDX incident on AscendEx last November. If you have already reached out to me, I kindly ask that you follow up via direct message at your earliest convenience. Thank you for your cooperation.

Join Scott Stuart today at 21:30 UTC on Spaces 🎙 On the agenda: ✅ Coinbase Listing Deep-dive ✅ Kava 12 Launch Got a question? Add it in the comments via this tweet.

Trading KAVA is LIVE on Coinbase ⤵️

twitter.com

JUST IN: Coinbase to list KAVA! 💥

I'm not involved with the Binance giveaway, so I cannot help much till next Tuesday because the team is off this weekend. Till then, please don't tag me about the Binance Giveaway.

Kava 12 is a game changer for the Cosmos ecosystem. Read all about the new x/kavamint module that brings flexibility and control to KAVA ⤵️

www.kava.io

🚨 Attention to the Kava community 🚨 If you've supplied USDX to Lend, we recommend you repay all your borrow positions on the Lend protocol to avoid liquidations for an upcoming governance proposal, turning the TVL for USDX to zero. We will give users sufficient time before we take any action to give everyone time to close their borrow positions before the change goes into effect on the Lend protocol. The timeline for the governance proposal to be submitted is still to be announced. However, there is still a significant amount of borrows against USDX, and we can only make necessary technical changes once those positions are closed out. Therefore, we heavily encourage everyone to close their borrow positions if they borrowed assets against supplied USDX. Thank you for being so cooperative. Importantly, you don't need to remove USDX from the Lend protocol. You can continue earning KAVA rewards for your supplied USDX.

Kava 12 launches Thursday, January 19th. This release is focused on Kava becoming the most flexible onchain DAO in Web3. In this release: ✅ Advances to Cosmos DAO Tech ✅ Modular Emission Control ✅ Enhanced Kava DAO Capabilities

📣 Attention to the Kava community 📣 We updated the previous survey (rewards sentiment) by narrowing it down to focus on the current staking rewards. Please take a few minutes to respond to these questions promptly. Thank you, and your feedback will be valuable. Please take the survey here.

Hello everyone. For Android users who have been receiving the 'error JSON' message while using the Trust Wallet application with the Kava app. I think I might have a solution. When you connect the TW application to the Kava app, please switch the network from Ethereum to Kava. I have the screen recording attached here. I tried initiating a swap transaction and it worked.

In case you miss it, wKAVA rewards for the Axelar stablecoin 3pool are LIVE on Curve on the Kava EVM ⤵️

kava.curve.fi

Not familiar with the Axelar Bridge yet? Here are a couple of instruction links below: Instruction video:

youtu.be

Medium instruction guide: shorturl.at/qrxQ1

BNB Earn rewards are live on Kava. Supply → Earn → Claim. Get your KAVA rewards👇 bit.ly/BNBsurge

In case you miss it, wKAVA rewards for the Axelar stablecoin 3pool are LIVE on Curve on the Kava EVM ⤵️

kava.curve.fi

Not familiar with the Axelar Bridge yet? Here are a couple of instruction links below: Instruction video:

youtu.be

Medium instruction guide: shorturl.at/qrxQ1

Merry Christmas! 🎄 Farm KAVA with BNB for a limited time on Kava Earn. Proposal #119 kicks off the BNB Surge Event, per a governance vote. Vote now: bit.ly/voteBNB

Happy Christmas Eve! 🎄 Farm KAVA with BNB for a limited time on Kava Earn. Proposal #119 kicks off the BNB Surge Event, per a governance vote. Vote now: bit.ly/voteBNB

Happy Holidays! 🎄 Farm KAVA with BNB for a limited time on Kava Earn. Proposal #119 kicks off the BNB Surge Event, per a governance vote. Vote now: bit.ly/voteBNB

📣 Attention to the Kava community 📣 We are surveying to collect the users' experience with the recent rewards changes and reinstated vesting periods. Please take a few minutes to respond to these questions promptly. Thank you, and your feedback will be valuable. Please take the survey here.

Happy Holidays! 🎄 Farm KAVA with BNB for a limited time on Kava Earn. Proposal #119 kicks off the BNB Surge Event, per a governance vote. Vote now: bit.ly/voteBNB

The Axelar Launch unlocks tons of value by allowing users to bridge assets from all 29 Axelar chains to Kava via

satellite.money

🛰 Bring your assets to Kava now ➡️

bit.ly

Kava's thrilled to share the brand new, dedicated forum open on Commonwealth. Let's connect, discuss, and share our Web3 journey.

commonwealth.im

You will be required to log in with your Kava wallet. You can always create a new wallet if you want to be anonymous.

This AMA is about to start on the Certik Discord server. AMA with Ruarhid O'Donnell, Kava Sr Engineer.

twitter.com

twitter.com

It is happening in twenty minutes. This group will be muted when the AMA begins.

The Binance Learn & Earn campaign with Kava is ending soon — Participate now to earn KAVA before it's too late ⌛️

twitter.com

Kava's thrilled to share the brand new, dedicated forum open on Commonwealth. Let's connect, discuss, and share our Web3 journey.

commonwealth.im

You will be required to log in with your Kava wallet.

Big news for Kava community contributors! DAO Labs announces the Soft Launch of Kava Hub ➡️ 1. Complete tasks on the Kava Hub platform. 2. Help us amplify the Kava brand. 3. Earn points to exchange for KAVA and grow your Kavalry clout. All Kava community members are invited to join the platform and start contributing and earning KAVA tokens. Start the Kava Hub onboarding process at

community.kava.io

Learn more:

medium.com

USDX incident update: Last night, I was in a meeting discussing the USDX incident that occurred almost a month ago when the USDX was manipulated to $250 on AscendEX, which liquidated users on the Kava app. My colleague and I are launching an initial investigation to determine how much each affected user lost to auctions. If you think you were affected by the incident, please DM me your address, assuming you believe you were affected. If you have already shared with me your address, there is no need to follow up again.

⚠️ Attention to the Kava community ⚠️ This is a friendly reminder: If you’ve supplied USDX, HARD, or AKT to Lend, we recommend you repay all your borrow positions on the Lend protocol to avoid liquidations. We will give users sufficient time before we take any action to give everyone time to close their borrow positions before the change goes into effect on the Lend protocol. You have until December 15th (This Thursday) to close your borrow positions against your supplied HARD, AKT, and other assets. We recommend you take urgent action to close your borrow positions, or these positions will be liquidated after proposal #114 passes. Importantly, you have till January 10th, 2023, to close your borrow positions against your supplied USDX and other assets. We want to give you extra time to close your borrow positions against USDX accordingly. Or these positions will be liquidated after the deadline passes as well. Please see the FAQ here first before you ask any more additional questions.

The BUSD and XRPB deputy wallets are almost empty. It would be best if you don't initiate BEP3 transfers for BUSD and XRPB until they get topped up. Thank you for your patience; we have already been in touch with Binance. You can track the deputy wallet balances in real-time: BUSD:

explorer.bnbchain.org

XRPB:

explorer.bnbchain.org

In case anyone missed the announcement from this morning. KAVA gets listed on BitGet for fast and easy crypto trading + bonuses!

twitter.com

⚠️ Attention to the Kava community ⚠️ This is a friendly reminder: If you’ve supplied USDX, HARD, or AKT to Lend, we recommend you repay all your borrow positions on the Lend protocol to avoid liquidations. We will give users sufficient time before we take any action to give everyone time to close their borrow positions before the change goes into effect on the Lend protocol. You have until December 15th to close your borrow positions against your supplied HARD, AKT, and other assets. We recommend you take urgent action to close your borrow positions, or these positions will be liquidated after proposal #114 passes. Importantly, you have till January 10th, 2023, to close your borrow positions against your supplied USDX and other assets. We want to give you extra time to close your borrow positions against USDX accordingly. Or these positions will be liquidated after the deadline passes as well. Please see the FAQ here first before you ask any more additional questions.

⚠️ Attention to the Kava community ⚠️ This is a friendly reminder: If you’ve supplied USDX, HARD, or AKT to Lend, we recommend you repay all your borrow positions on the Lend protocol to avoid liquidations. We will give users sufficient time before we take any action to give everyone time to close their borrow positions before the change goes into effect on the Lend protocol. You have until December 15th to close your borrow positions against your supplied HARD, AKT, and other assets. We recommend you take urgent action to close your borrow positions, or these positions will be liquidated after proposal #114 passes. Importantly, you have till January 10th, 2023, to close your borrow positions against your supplied USDX and other assets. We want to give you extra time to close your borrow positions against USDX accordingly. Or these positions will be liquidated after the deadline passes as well. Please see the FAQ here first before you ask any more additional questions.

⚠️ Attention to the Kava community ⚠️ This is a friendly reminder: If you’ve supplied USDX, HARD, or AKT to Lend, we recommend you repay all your borrow positions on the Lend protocol to avoid liquidations. We will give users sufficient time before we take any action to give everyone time to close their borrow positions before the change goes into effect on the Lend protocol. You have until December 15th to close your borrow positions against your supplied HARD, AKT, and other assets. We recommend you take urgent action to close your borrow positions, or these positions will be liquidated after proposal #114 passes. Importantly, you have till January 10th, 2023, to close your borrow positions against your supplied USDX and other assets. We want to give you extra time to close your borrow positions against USDX accordingly. Or these positions will be liquidated after the deadline passes as well. Please see the FAQ here first before you ask any more additional questions.

REMINDER: Please, remember to have your positions closed at the end of next week.

twitter.com

Hello new telegram users from the Binance AMA. Welcome to Kava! Please, make sure to register here to participate in the #Binance $10K on-chain $KAVA Sweepstakes! kava.io/binance

📣 Attention to the Kava community 📣 We are surveying to collect the users’ experience and usage of the Kava 11 features. Please take a few minutes to respond to these questions promptly. Thank you, and your feedback will be valuable. Please take the survey here

Tune in at 13:00 PST (21:00 UTC) for an AMA with Scott Stuart, CEO of Kava Labs on Twitter Spaces. Be sure to prepare all of your questions. We look forward to seeing you!

twitter.com

Q&A on Props #112 and #113 Why are the 1-month and 12-month vesting periods being brought back? We’ve heard the community’s feedback on props 112 and 113, and we’d like to address it. The two proposals aim to strengthen the long-term yield strategies for users, which are affected by two features launched on the K11 upgrade. We have listened to the feedback from our community, especially from our more experienced users, that expressed very early after the K11 launch that removing the vesting period hurt their long-term yield plans. How does it benefit the users in the long term, and does Kava benefit any of it? We firmly believe these props correct a situation created in the last release and that our DeFi community will warmly welcome it. These changes empower users to multiply rewards via vesting periods or receive liquid benefits promptly by leveraging any Kava protocols or a combination. At Kava, we do not seek immediate benefits. Instead, we want to be close to all users and offer high APYs and accessible tools without resorting to short-term. That's the reason behind reinstating vesting periods and reducing incentives for bKAVA, Kava Mint, and Kava Swap.

Happy Thanksgiving to everyone who celebrates Thanksgiving in the USA 🦃 I will be off until Monday, but I will keep an eye out for scammers or help that needs urgent attention. Please be safe and don't get fooled by imposters or anyone who direct-messages you offering their help service!

Someone bid up the USDX price on AscendEX for 5 minutes, causing the USDX price to act up. Meanwhile, the on-chain price rosed to $6 for 17 minutes per the 720 TWAP. Therefore, it led to lots of liquidations happening. Eventually, everything returned to normal. All assets are safe, and none of the protocols was affected.

VOTE NOW: Proposal #111 to add the BNB Earn vault. Also, it will temporarily halt the DAI Earn incentives, pending a bug fix. Plus, it will fix the typo in the Kava Lend parameters for XRPB incentives.

app.kava.io

CONFIRMED: KAVA Trading is now LIVE on Binance.US!