Kava is taking a big step forward with the release of Kava 12. The new version is introducing a revolutionary new DAO technology that enables any Cosmos chain DAO to have more control and flexibility over their emissions.
Every Cosmos chain has emissions. Before it was unclear where emissions flow to and how to use them for initiatives in an ongoing automatic way. Now this can be done within the Kava DAO’s new flexible structure.
Here is how Kava is adapting this Cosmos DAO technology to fit the needs of its ecosystem:
The goal is for the Kava DAO to set a maximum number of KAVA and create a community run portfolio of assets that will ensure Kava can weather any market conditions and grow for many years to come while being able to be deflationary against ecosystem usage.
“It is very important for a top crypto ecosystem to be deflationary against the revenues it generates from demand of the products built on it. It's also extremely difficult for an ecosystem DAO to accurately forecast these revenues in order to set aside a sufficient treasury to enable growth into sustained revenues from fees etc. Kava DAO new architecture is a big step in the direction of providing tools for all cosmos projects to achieve these goals”
It will be possible to supply community pool funds to other protocols, including smart contracts on the EVM chain.
The goal of the new DAO technology is to make the reward distribution more transparent, flexible, and predictable for all stakeholders, giving more control to validators and delegators over their rewards.
“In Kava 12, the community pool is no longer funded through an abstract tax on the staking rewards and fee pool. Instead, it is directly minted by a new module, which has a new parameter that controls community pool funding. This new system helps to grow the Kava Network and Kava Rise protocols, making adding new functionality easier and allowing the community pool funds to do more for the Kava community. The Kava DAO now has more control, flexibility, and predictability of the reward distribution and helps grow the network, making it more attractive for all stakeholders.”
The launch of Kava 12 marks an exciting new chapter in the history of Kava. This new DAO technology is a powerful tool that will help grow the ecosystem and bring more value to the community.
This is a game changer for the Cosmos ecosystem by introducing a DAO-centric approach that provides flexibility and control over emissions. That makes it possible to fund other protocols giving the Kava DAO more flexibility, and predictability over reward distribution.
Be sure to join our community to learn more about this groundbreaking new module and be part of building the future of decentralized governance.