DWF Labs, the new generation market making and crypto venture capital firm, has announced a strategic partnership with a Layer 1 blockchain platform, Kava Chain. The partnership aims to accelerate the growth and sophistication of Kava’s DeFi ecosystem, particularly its decentralised exchanges (DEXs).
We are pleased to announce that we have entered into a strategic partnership with the @Kava_Chain, a layer-1 blockchain.
— DWF Labs (@DWFLabs) November 15, 2023
This partnership aims to accelerate the growth and sophistication of Kava’s DeFi ecosystem, particularly its decentralised exchanges (DEXs). pic.twitter.com/I59tlByNea
Kava Chain is a secure L1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Kava is also the hub for Native USDt for the Cosmos. Its native coin KAVA is at the top-100 of cryptocurrencies by market capitalisation, and the Kava Chain currently holds $230 million in total value locked (TVL).
As part of the partnership, DWF Labs commits to offer strategic insights covering risk management, crypto liquidity provisioning, fee structures, traded products, and market making programs for DEXs built on the Kava Chain. DWF Labs will also integrate and start proprietary trading on up to 10 Kava Chain DEXs and perpetual DEXs. Additionally, DWF Labs pledges to establish a significant trading presence by targeting a market share of at least 7.5% of the total trading volume across the Kava Chain’s DEXs.
Andrei Grachev, Managing Partner at DWF Labs, expressed his enthusiasm for the collaboration:
‘Supporting the growth of Kava’s DeFi ecosystem is a natural alignment to our mission for fostering blockchain innovation. We’re excited to leverage our position in the market to contribute meaningfully to Kava’s roadmap.’