Kava increases the BNB mortgage limit to 1 million

The cross-chain DeFi project Kava said on Twitter that it is expected to increase the BNB mortgage limit from 750,000 to 1 million BNB at 10 o’clock tonight. The USDX minting quota will also be increased accordingly, which is expected to increase from 3 million to 4 million. The chain notes that Kava is a mortgage lending platform, BNB is the mortgage asset that the platform will support in the first phase, and USDX is the unique stable currency of the Kava platform (anchored 1:1 with the USD).