Binance and Kava Bring DeFi Lending to BNB Holders

Binance Chain’s native cryptocurrency (BNB) utility to be used in collateralized debt positions (CDPs) enabling BNB users to seamlessly mint themselves USDX loans on demand. The Kava community handpicked BNB as the first collateral asset to add to the Kava DeFi platform. BNB holders can now stake their BNB to mint USDX and earn KAVA simply by using their iPhone or Android. Kava plans to add other major assets such as BTC, XRP, BTC, and ATOM shortly.