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Kava Labs sponsors DeFi Innovation Challenge for Cosmos HackAtom VI Hackathon

SAN FRANCISCO, Nov 3, 2021 – (BUSINESS WIRE) – Kava Labs ™, an open-source, non-custodial developer of financial products and services for decentralized finance (DeFi) is sponsoring a Cosmos HackAtom VI challenge based on aims to drive the development of DeFi innovation with the Cosmos SDK.

As one of the silver sponsors for the upcoming HackAtom VI hackathon, Kava Labs is focusing on the DeFi category. For the challenge, developers are tasked with creating an innovative protocol for autonomous options as a Cosmos SDK module.

“As the first team to build a DeFi platform using the Cosmos SDK, we’ve been huge supporters of the framework from day one,” said Scott Stuart, CEO of Kava Labs. “With this challenge, we hope to get developers to figure out what is possible with the Cosmos SDK and possibly find a protocol that can become part of the Kava ecosystem in the future.”

Kava is preparing to incorporate Cosmos’ Inter-Blockchain Communication Protocol (IBC) into the upcoming Kava 9 mainnet upgrade. The HackAtom Challenge gives Cosmos developers an early opportunity to build for the Kava ecosystem and potentially get additional acceleration for their project from the Kava Ignition Fund.

“Kava was one of the first platforms to innovate with Cosmos SDK and Tendermint Core, and it remains one of the strongest DeFi use cases,” said Peng Zhong, CEO of Tendermint. “We are very excited to have Kava Labs as a sponsor of this major event, which is the largest hackathon in Cosmos history, and look forward to welcoming Kava into the IBC aisle as they prepare to grapple with the to connect the constantly growing cosmos ecosystem. “

HackAtom VI kicks off on November 11th with a personal event in Lisbon, Portugal and runs through December 8th. Developers will face challenges in seven categories with a total of over $ 1 million in ATOM awards.

About Kava Labs

Kava Labs is the primary development team for the Kava platform, which connects the world’s largest cryptocurrencies, ecosystems and financial applications. Kava Labs’ mission is to create a secure, scalable home for the future of decentralized finance (DeFi) through a combination of powerful Layer 1 architecture, institutional security and user-centric design.

The story goes on

To learn more about the Kava ecosystem, please visit: https://bit.ly/Kava_Ecosystem

View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005406/en/

contacts

Martin Allen Frosage
+1.650.489.5124
kava@kava.io

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