kHaven launches KSVN token from Chainwire

Dubai, United Arab Emirates, 12 December 2024, Chainwire

kHaven, the leading digital collectibles marketplace and blockchain infrastructure provider on Flare, is excited to announce the launch of its native governance token, KSVN. Available now on Sparkdeck, the leading decentralized exchange on Flare, this milestone marks the evolution of kHaven from a marketplace to an expansive Web3 ecosystem, empowering users with new capabilities and rewards.

KSVN: Powering the Future of kHaven

The launch of the XVN token is a key step in kHaven’s journey to expand its horizons, offering enhanced services and a seamless user experience on its platform.

Unlocking exclusive assistance and rewardsXVN unlocks capabilities within the kHaven platform, offering benefits such as:

• Exclusive discounts on trading fees: Lower costs to encourage more trading activity.
• Platform Rewards: KSVN earns from a dedicated reward pool for every transaction made on the platform, rewarding both buyers and sellers.
• Marketplace Rewards: Earning voting power from marketplace activity, distributed to KSVN actors via the governance token distribution mechanism.
• Liquidity Provision Incentives: Rewards for providing liquidity on Automated Market Makers (AMM).
• Simple investment rewards: KSVN investment returns, to promote long-term holding.
• Participation in governance: Involvement in future platform development and decisions.

Strengthening liquidity through strategic alliances

To ensure a robust and sustainable ecosystem, kHaven has forged key partnerships with industry leaders Ichi and Sparkdek.

Ichi

kHaven leverages Ichi’s innovative single-token deposit vaults to simplify liquidity provision to a more stake-like experience. These vaults allow individual tokens to be deposited into ICHI vaults via Sparkdek, eliminating the need to deposit both tokens into a liquidity pool. This simplified approach to liquidity management improves price stability and yield opportunities and supports the growth of the kHaven ecosystem.

SparkDEX

Using the SparkDEKS V3.1 DEKS platform, kHaven launches liquidity funds that empower users by concentrating assets in specific price ranges. This reduces the risk of Irregular Loss (IL).

Empowering the kHaven community

This launch is about celebrating the vibrant kHaven community. Since its founding in 2021, kHaven (formerly Sparkles) has aimed to become a trusted platform for NFT infrastructure on Songbird and Flare. The XVN token reflects this growth, encouraging active community participation and allowing users to shape the future of the platform.

About kHaven

kHaven is the industry leader in digital collectors on the Flare network. Dedicated to expanding the possibilities within Web3, kHaven offers a comprehensive set of tools and services to empower its users. For more information, users can visit https://khaven.io.

About Ichi

ICHI is an automated, non-custodial protocol that optimizes capital efficiency in decentralized finance (DeFi). By using one-sided concentrated liquidity pools, Ichi simplifies the provision of liquidity for users across different AMMs, making DeFi affordable and efficient. For more information, users can visit https://docs.ichi.org/home.

About Sparkdeck

SparkDEKS is the first AI-powered Super dApp on the Flare network, offering a seamless DeFi experience through innovative derivatives and cutting-edge user experience. Powered by artificial intelligence, SparkDEX is poised to become the main gateway for Flare-based trading, being the first to launch Perpetuals on the Flare Network. For more information: https://sparkdek.ai.

ContactMarketing TeamkHavenadmin@khaven.io

This article was originally published on Chainwire