We live in a world of finance. Monetary incentives and market movements influence our daily decisions and define human lives in general. Under capitalism, the financial industry has become global expressing economic relations between people and institutions. Nowadays, existing wealth distribution mechanisms are inefficient and the economic environment is unstable. A lack of trust become inevitable and we are moving into the new era of decentralized finance (DeFi). Borderless, accessible and transparent interactions between participants without counterparties to transform old and inefficient financial instruments is the new paradigm of the trustless economy.
Kava is the first decentralized bank in the Cosmos ecosystem bridging broad digital assets to DeFi. With interoperability in mind and solid team cross-chain expertise Kava blockchain will bring new markets to the Cosmos ecosystem providing users with the liquidity and the necessary fundamentals for DeFi applications and services.
1) De-centralized lending solution. Any person can take a loan in a stablecoin collateralized with crypto assets. There is no third party involved and each person is self-responsible for managing debt and lends to himself. This allows people to release a portion of stacked liquidity from passively held digital assets and spend it on whatever they want.
2) De-centralized margin trading. When users put crypto collateral to take a loan they can use it for doubling-down their long position in a particular asset. In this case, if the collateral value of the asset increases the user may get a higher profit.
3) De-centralized stablecoin. Kava platform provides a mechanism to issue a stable digital currency through collateralized debt position (CDP). Stable digital currency maintains 1:1 peg
to USD
playing role of a hedge against a bear market or a true mean of exchange without explicit volatility. It allows decentralized stablecoin to take part in broader financial applications like decentralized exchanges and financial marketplaces, creating a wide space for DeFi development.
4) De-centralized governance and ownership. The most exciting part is that everyone can participate in the project's evolution and own a share of the network. All participants who stake native token KAVA
will be rewarded for effective governance depending on transaction fees, total supply emission and repaid loan fees.
Cosmos ecosystem is designed with existing assets like BTC
or XRP
in mind. If we assume that just 1%
of BTC
will take part in DeFi it will result in more than 1,5 billion USD
value injection also adding to a scarcity of BTC
positively influencing the cryptocurrency market in general.
In the next chapters we will dive deeper into details of Kava platform and cover staking benefits, CDP, existing risks associated with staking and other important topics.
P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.
Web: https://p2p.org
Twitter: @p2pvalidator
Telegram: https://t.me/p2pvalidator
Research & Analytics at p2p.org.
<p>Staking is always comes with some degree of risk. The delegation process in most cases is not a simple one and a possible danger lies in the need to store your tokens with a third party provider in order to improve your staking experience. The fundamental rule is: your keys - your crypto. When you hold your keys you control the risk, when you use third parties in order to simplify the delegation process you transfer the risk to them.</p><p>One of the most secure ways to become a delegator is to use cold staking from your hardware wallet even if sometimes it is less convenient. Now you can simply hold your Tezos in your Ledger and safely delegate to P2P Validator using a simple staking tool on our website.</p><p>To get started go to <a href="https://p2p.org/tezos/?ref=p2p.org">p2p.org/tezos</a> and click on “Delegate with Ledger” button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-4.png" class="kg-image" alt loading="lazy" width="2000" height="741" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-4.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-4.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-1-choose-tezos-from-the-list-of-available-networks"><strong><strong><strong>Step 1. </strong></strong>Choose Tezos from the list of available networks</strong></h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-5.png" class="kg-image" alt loading="lazy" width="1368" height="1040" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-5.png 1000w, https://p2p.org/economy/content/images/2021/04/image-5.png 1368w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-2-connect-your-ledger-device-and-navigate-to-tezos-app"><strong><strong><strong>Step 2. Connect your Ledger Device and Navigate to </strong>Tezos<strong> App</strong></strong></strong></h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-7.png" class="kg-image" alt loading="lazy" width="1364" height="974" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-7.png 1000w, https://p2p.org/economy/content/images/2021/04/image-7.png 1364w" sizes="(min-width: 720px) 720px"></figure><p>After a successful connection, you will see your address and available balance for delegation in the opened window.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-6.png" class="kg-image" alt loading="lazy" width="1356" height="1102" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-6.png 1000w, https://p2p.org/economy/content/images/2021/04/image-6.png 1356w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-4-confirm-transaction"><strong><strong><strong>Step 4. Confirm Transaction</strong></strong></strong></h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-8.png" class="kg-image" alt loading="lazy" width="1372" height="1354" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-8.png 1000w, https://p2p.org/economy/content/images/2021/04/image-8.png 1372w" sizes="(min-width: 720px) 720px"></figure><p>Some key facts about Tezos (XTZ) staking with P2P:</p><ul><li>You will get your first reward 40% faster with P2P.</li><li>There is no unstaking period and your tokens will be transferable immediately upon unstaking.</li><li>Staking rewards distributed every cycle (~2,8 days).</li><li>All staking rewards are compounded automatically.</li></ul><hr><p>If you have any additional questions, please don't hesitate to ask them in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram </a>community and support at <a href="https://p2p.org/?ref=p2p.org">p2p.org</a>.</p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong> </strong><a href="https://p2p.org/?ref=p2p.org">p2p.org</a></p><p><strong><strong>Stake your XTZ with us:</strong></strong> <a href="https://p2p.org/tezos?ref=p2p.org">p2p.org/tezos</a></p><p><strong><strong>Twitter:</strong> </strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong><strong>Telegram:</strong> </strong><a href="https://t.me/p2pvalidator?ref=p2p.org">t.me/p2pvalidator</a></p>
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<blockquote><em><em>Enjoy a second post in our comic-strip <a href="https://p2p.org/economy/category/Eli5/">style Eli5 series</a> covering loss of rewards, stopping baking and redelegation in Tezos blockchain.</em></em></blockquote><p>Arthur is having dinner with Kate, a colleague from work. They get on very well and talk about a lot of things about themselves. They discover they both have the same opinion about banks - they are crypto-enthusiasts.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure><p>Arthur and Kate share their experiences with PoS tokens. They both love Tezos as an up-and-coming network.</p><p>Arthur: Who is your delegator? I have been with P2P Validator since 2018. I love their intuitive dashboard - I can see my rewards and rewards history at a glance.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/2-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure><p>Kate: Oh, I really struggle to find out my rewards. My delegator is terrible at keeping me in the loop. I discovered they didn’t pay my rewards on time or in full. It’s a real headache.</p><p>A: Be carefull, maybe in future they may not pay at all. Why not change? It's really simple.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/3-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure><p>K: Won't I lose my rewards while I’m redelegating?</p><p>A: No, your rewards from your old baker must be paid to you in full even when you stop baking completely. If you redelegate, your new baker will start to pay your rewards automatically when they are due.</p><p>K: That sounds great! How do I get started?</p><p>A: It’s easy, just follow these simple steps:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/4-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure><p>step 1: Open your wallet and select your delegating account</p><p>step 2: Press Delegate than Update delegate buttons</p><p>step 3: Confirm with Ledger and enter P2P Validator address, finally Confirm once more.</p><p>K: Do you recommend that I choose P2P Validator?</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-8.png" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-8.png 1000w, https://p2p.org/economy/content/images/2020/09/5-8.png 1280w" sizes="(min-width: 720px) 720px"></figure><p>A: Absolutely. They are extremely efficient, have a great track record and only charge a fair validator fee.</p><p>K: You’ve sold them to me. How about coming up for a cup of coffee and help me to do it now.</p><p>A: This will be the beginning of a beautiful relationship!</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-5.png" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-5.png 1000w, https://p2p.org/economy/content/images/2020/09/6-5.png 1280w" sizes="(min-width: 720px) 720px"></figure><p><em><em>In our next story you will learn about Proof-of-Stake (POS) and staking. Let us know what you think and make suggestions for topics you would like us to cover.</em></em></p><p><em><em>Let’s stake together!</em></em></p><p><strong><strong>Website:</strong></strong> <a href="https://p2p.org/?utm_source=Tezos1post&utm_medium=creds_link&utm_campaign=blog">p2p.org</a></p><p><strong><strong>Stake XTZ with us:</strong></strong> <a href="https://p2p.org/tezos?ref=p2p.org">p2p.org/tezos</a></p><p><strong><strong>Twitter:</strong></strong> <a href="http://twitter.com/p2pvalidator?ref=p2p.org">twitter.com/p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="http://t.me/p2porg?ref=p2p.org">t.me/p2porg</a></p>
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