Kava Labs announced a new collaboration with the BNB investor club - BNB48.
The popular platform added in a press release that under the agreement, BNB48 will act as a technical advisor for the Kava community and provide services such as professional product reviews and technical consulting services for Kava's Chinese validators, staking users, and lending platform users.
From its part, Kava Labs will work with the BNB48 Club to raise awareness of BNB DeFi opportunities and assist BNB48 Club to increase its community members participating in DeFi. Kava Labs will delegate a validator from BNB48.
This is not the first collaboration
This is not the first collaboration between Kava Labs and BNB48 Club, as BNB48 Club is one of the first users of the Kava lending platform. After BNB48 Club obtained the mandate from its Board of Directors, BNB48 Club participated in the Kava CDP platform and the USDX00 instrument.
Kava Labs added BNB as an additional asset to provide BNB holders with the largest returns. BNB holders can also participate in BNB on the Kava CDP platform and draw USDX, Kava's stablecoin, in addition to earning additional coin bonuses in the protocol.
In the meantime, both sides are working to establish a long-term future partnership to maximize the value of BNB ecosystems and increase the DeFi services available to the BNB ecosystem.
For BNB48, it will work with Kava Labs to build and maintain the BNB Staking and BNB DeFi communities. Also, BNB holders will be provided with further guidance and suggestions on BNB creation value.
An education system will be created to help more BNB holders have a deep understanding of the risks of BNB staking and BNB DeFi staking. Regular online meetings will be held to provide the latest information to the community related to the development of the BNB ecosystem. All of the community members' comments and suggestions will be collected and there will be discussions about the evolution of the BNB ecosystem.
As for Kava Labs, BNB48 Club will be its ambassador in China to promote Kava DeFi to contribute to the popularization of Kava lending products in the Chinese community. Also, Kava Labs will make the BNB48 club one of the officially recommended node service providers for the Kava blockchain to provide staking technology and consulting services.
BNB48 Club will have an active role in managing Kava network governance and product improvements and providing solutions and suggestions to ensure the quality of the Kava ecosystem.