Introducing x/kavamint: a new module that brings flexibility and control to Cosmos DAOs
With the release of the Kava 12 mainnet, Kava will take a big step forward in the Web3 field. The new version introduces a groundbreaking new module — x/kavamint, which enables any Cosmos chain DAO to have more control and flexibility over its issuance mechanism.
Each Cosmos chain has an issuance mechanism, and it has often been unclear where issued tokens go and how they can be used for incentives in a continuous and automated manner. These situations can now be addressed in Kava DAO's new flexible structure.
The following lists how Kava adapts the Cosmos DAO technology to meet the needs of its ecosystem:
Clear and modular issuance mechanism: issued tokens from kavamint will clearly flow to and be held by the Kava community pool. Kava DAO will have greater flexibility and control over the flow of funds to portfolio management and allocation of funds for growth initiatives.
Kava DAO community pools can now hold portfolios: the community will now control a portfolio, not just KAVA, which can rebalance the portfolio according to different trends and market conditions.
Better understanding of Kava DAO community portfolio and funding flows: Transparency is critical for a thriving DAO. The Kava community will be able to see a snapshot of the value of the community pool portfolio.
Ability to destroy assets based on usage parameters.
Ability to limit total supply based on Kava DAO governance: Unlike most Cosmos chains that are infinitely inflationary, Kava can have a predetermined maximum total supply, making it ultimately deflationary.
The real KAVA staking annualized rate of return will be fixed, independent of supply, and set the best parameters, rather than fluctuating according to the number of locked tokens. This change will make staking rewards more predictable for the community.
The goal of the Kava DAO is to set a maximum number of KAVA and create a community-run portfolio of assets that will ensure that Kava can withstand any market conditions and grow for many years to come, while being deflationary to the use of the ecosystem.
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— — Scott Stuart，Kava Labs CEO
Examples of the types of plans that a Kava DAO portfolio can allocate include:
Programmatically Reward Ecosystem-Building Projects with Kava Rise
Programmatically reward infrastructure initiatives
Provide community pool assets to any eligible protocol to drive growth
Reallocate the assets of the community pool according to market conditions
Provide SAFE guarantee for users with qualified agreements
Fund hackathons and other developer-focused conferences
The community pool will also be able to supply funds to Kava Lend to help TVL grow. Community pool funding will soon be available to other protocols as well, including smart contracts on the EVM chain.
The new x/kavamint module aims to make the distribution of rewards more transparent, flexible and predictable for all stakeholders, allowing validators and delegators to better mobilize their rewards.
“After the successful Kava 12 mainnet upgrade, the community pool no longer needs to be funded by an abstract tax on staking rewards and fee pools. Instead, it is created directly by the new x/kavamint module, which has a controlling community New parameters for pool funding. This new system helps grow the Kava Network and Kava Rise protocols, makes it easier to add new features, and supports community funding to do more for the Kava community. Kava DAO now has More control, flexibility and predictability, and help grow the network, making the Kava network more attractive to all stakeholders."
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Moving forward with a DAO at the center
The launch of Kava 12 mainnet on January 18 will mark a new chapter of Kava’s milestones. The new x/kavamint module is a powerful tool that will help grow the ecosystem and bring more value to the community.
The new x/kavamint module is a game-changer for the Cosmos ecosystem by introducing a DAO-centric approach to provide greater flexibility and control over token issuance. A separate minting module set up for community pools makes staking rewards predictable, allowing 100% of the fee pool to flow to validators and delegators. This makes it possible to fund other protocols to grow TVL, giving the Kava DAO more control, flexibility, and predictability over reward distribution.
Kava welcomes more new users to join our community to learn more about this groundbreaking new module and participate in building the future of decentralized governance together.
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