Kava Decentralized Lending Platform Defi Report
With May 2022 Projections
Experts warned of a possible continuous downward trend for USDX
as it recently lost its parity with the US dollar, details the new report
by Kava Wire.
The May 2022 Kava Wire report cites Scott Stuart, co-
founder and CEO of Kava Labs, mentioning that the
liquidations of UST probably contributed to USDX dislocating
from the one-dollar peg.
Kava is a next-generation decentralized lending
platform that has shifted the way you operate within
the blockchain.
Offering a unique lending strategy,
Kava provides an extensive array of
products, including collateralized
loans and stablecoins.
Similar to all products within the blockchain, the
main advantage of Kava was its transparency to
all its users - those who wish to file for a loan
could do so with peace of mind that their loans
were visible to everyone in the system.
To further strengthen its stability, USDX used UST as a collateral
asset, which may explain its recent downward trend.
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We place a focus on Kava Wire and
USDX. 
Visit our site if you want to read the latest reports on the
token and other stablecoins. 
Learn more at
https://kavawire.com/kavas-usdx-lost-
the-peg-due-to-exposure-to-terrausd-
an-algorithmic-stablecoin-that-
recently-collapsed
Disclaimer: This information does
not constitute investment advice or
any other kind of advice.
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