Kava plans to migrate its BEP3 assets to Binance Smart Chain (BSC) on April 30, aiming to speed up transactions and reduce costs.
The migration is intended to enhance Kava’s security starting April 30.
Kava’s move to BSC, starting May 1, could expand its market reach and facilitate partnerships.


Kava Chain
Sometimes, in order to build a successful business, it’s important to make improvements or even changes. Chain migration is part of this, for better or for worse. We’ll explore an example.
In an effort to redefine its operating dynamics, decentralized finance (DeFi) platform Kava is preparing for a major shift. The platform plans to migrate all BEP3 assets to Binance Smart Chain (BSC) around April 30. So, let’s explore this upcoming shift and what the Kava chain hopes to achieve.
Learn about migration
Kava Chain plans to migrate its BEP3 assets from Binance Beacon Chain to Binance Smart Chain (BSC) by the end of April. The BEP3 proxy responsible for facilitating these transactions will continue to operate until the migration date.
Users are urged to complete any pending withdrawals through the BEP3 proxy before April 30. After the migration, users will be able to bridge their BEP3 assets to BSC via the Axelar bridge, converting them to BEP20 assets.
This will mark the deactivation of the proxy. Starting May 1, the migration of backing assets for BEP3 tokens will be initiated.
Reasons behind Kava Chain's transformation
The transition is designed to simplify asset transfers, strengthen security measures, and improve the efficiency of its financial operations. Binance Smart Chain (BSC) offers the advantages that Kava Chain hopes to use, mainly high transaction throughput and low costs. These features are very important for DeFi applications, which require fast and cost-effective transaction processing to operate effectively.


In addition, BSC’s compatibility with the Ethereum Virtual Machine (EVM) makes it a potential developer choice. This compatibility allows for easier migration of decentralized applications developed within the Ethereum ecosystem, thereby expanding the scope of Kava by integrating more tools and applications on the market.
Potential Benefits to Kava Chain
Kava’s transition to Binance Smart Chain (BSC) could increase transaction speeds and reduce costs, making its lending protocols and financial services more efficient.
This could help attract users seeking faster and more affordable DeFi options. Secondly, Kava’s operational security will be improved due to BSC’s strong security protocols, which are designed to more effectively protect user assets. Finally, the move to BSC could help Kava attract a wider audience and create new partnership opportunities within the Binance ecosystem due to greater visibility and connectivity.