P2P is Nominated as a Chainlink Node Operator for Kava and the Cosmos Ecosystem.
P2P has been nominated as a Chainlink node operator on Kava responsible for providing Chainlink price reference data to the Kava DeFi lending platform and the Cosmos ecosystem. P2P will be responsible for providing BNB/USD price reference data to support Kava’s lending platform scheduled to launch in early June. Following the release of IBC, other Comos-SDK blockchains and applications will be able to leverage connections with Kava to easily access Chainlink data for their own use.
Background on P2P.org
P2P Validator is a world-leading non-custodial staking provider with proven expertise and best practices for security. P2P provides comprehensive due-diligence of digital assets and currently is securing more than $40 million in value. At the time of publishing, P2P Validator is trusted by over 1000 delegators across 15+ networks.
P2P Validator was started by Konstantin Lomashuk in July 2018 with a small team and the idea to manage a greater share of the blockchain economy to make it open and permissionless. Now P2P is validating 13 mainnets and contributing to many projects currently underway within the Cosmos ecosystem.
“Konstantin and the P2P team were one of Kava’s earliest supporters. It’s really great to be able to deepen our engagement by having P2P also provide Chainlink’s oracle solution and bring data to Kava and Cosmos.” — Brian Kerr, CEO and Co-founder of Kava Labs.
Kava — Making Chainlink Data Available to All of Cosmos
No oracle solution was adequate enough for DeFi applications on Cosmos. For this reason, Kava has teamed up with Chainlink to bring its data and reliable oracle solution to the Cosmos ecosystem. Chainlink nodes now will be able to securely publish data directly on the Kava blockchain where it can be used or easily transported to other Cosmos-based blockchains and applications. Chainlink nodes on Kava utilize all the industry-leading technologies of Chainlink, while enabling more frequent price updates and improving the reach and distribution of where that data can be used.
Since Kava’s blockchain is built using Tendermint, Tendermint-based blockchains within the Cosmos ecosystem (Binance, Terra, Cosmos Hub, Agoric, Aragon, and others) will now be able to retrieve market data such as cryptocurrency, FX, and commodity prices. This makes Kava the ideal place for blockchains and applications to request and access data from Chainlink oracles.
Adding P2P brings Kava one step closer to launching its lending platform scheduled for early June and positions Kava as the hub for DeFi and for Cosmos-based blockchains to access Chainlink’s leading oracle solutions, which includes the likes of Binance Chain, OKChain, Cosmos Hub, and over 110 other projects developing on the Cosmos-SDK.
“It’s so exciting to see how Kava is adding value to DeFi ecosystem. We are happy to take part and support such kind of efforts!” — Vadim Makovsky CEO at p2p.org
About P2P:
P2P Validator is a world-leading non-custodial staking provider with the best industry practices and proven expertise. They provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 40 million of USD value. At the time of publishing, P2P Validator is trusted by over 1000 delegators across 15+ networks.
About Kava:
Kava is a multi-asset DeFi platform that offers stablecoins, loans, and other financial services for users of major cryptocurrency assets including BTC, XRP, BNB and ATOM to name a few. The Kava platform has two types of tokens, the KAVA token and the USDX stablecoin where the KAVA token is the native token of the Kava blockchain integral in the security, governance, and mechanical functions of the platform. Users can collateralize their crypto assets in exchange for Kava’s stablecoin, USDX. USDX is the highest earning USD denominated account available for modern investors, offering superior yields without additional risk, compared to traditional alternatives like checking and savings accounts that only deliver miniscule returns.
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