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Kava is a decentralized lending platform that allows users to borrow USDX stablecoins and deposit a number of cryptocurrencies in order to start earning a return. It enables users to borrow and lend assets without using a typical financial middleman.Kava is one of a number of new decentralized finance (DeFi) solutions in this fashion. However, although most DeFi projects are built on Ethereum, Kava is built on Cosmos, which its creators claims offers extra features.Kava uses a collateralized debt position (CDP) mechanism, which is built on the Cosmos blockchain, to ensure that stablecoin loans are always adequately collateralized. The Kava liquidator module will collect collateral from failed CDPs and transfer it to the auction module for sale if a borrower fails to keep their collateral over a certain threshold.