# Kava
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kava1uy55hvczl2t9q0nuuef0fu3dxpt9kwdk4elzxl
0xe1294bb302FA96503e7Ce652f4F22d30565b39B6

evmos1wwfffsayhzdcm50r9xyvhcutkej75ekammfnuh
0x739294c3A4B89b8dD1E32988cbE38bb665ea66DD

kava multi:
kava1qwunh4ez6qvn9x4k0uqz6vmdmwl7x8gpcv3tr7

You need to send a small transaction from `kava18gh7js6pa6nl54lgevpk9yg6arj9av4lcpmhrd` , so the multisig can be created. I sent you 0.1 KAVA. You can send it back to `kava1uy55hvczl2t9q0nuuef0fu3dxpt9kwdk4elzxl`

> They are being diluted but currently these extra tokens are building the community fund and so far only a tiny amount released so no sell pressure, if you prefer look at the marketcap which removes any effect of dilution you will also struggle to find any clear evidence that Kava has benefited yet from Ethermint, this may change in the future but at this stage little or none.

Loredana wanted to be civil and diplomatic with you. But what does she get (repeatedly) in response?
Of course, Kava has done graver actions than the dilution of the capital. They pretended to have some awards (backed by the dilution) to attract developers to the Kava Community. Then they pocketed the award money in great proportion. Then they are acting like nothing happened even after they have been caught.
They stole from stakers, developers, $Kava holders, and validators using false advertisement, market manipulation, governance manipulation, digital mercenaries, and more.

[https://twitter.com/Ruby_Protocol/status/1561642198654799873](https://twitter.com/Ruby_Protocol/status/1561642198654799873)
> Kava team launched EVM compatible Ethereum Co-Chain in May and Developer Incentive Program to attract developers. Program reward is funded by inflating $KAVA token 100% for 1 year.
> The reward is calculated by pro-rata share of each protocol’s TVL on Defi-Llama. But for the first two months(June/July), TVLs on Kava Ethereum Co-Chain were relatively small, around ~$5M in total.
> Once governance voting of reward payouts began, Kava team started to claim that three protocols owned by the team(Kava Mint/Lend/Swap) are also eligible for receiving rewards out of nowhere.
> They have other choices like reducing reward amount or introducing vesting, etc, to deal with the situation, and many wise community members/developers proposed. but Kava team decided to distribute rewards to themselves.
> But wait, team said “We will distribute the reward we received to users”. Sounds nice? Actually, not at all. If so, They just inflated $KAVA token 100% and redistribute them, which means just creating sell pressure and damaging token holders’ value.
> In addition, they haven’t announced how and when to distribute them even now. For Investors: supply of $KAVA token will be doubled in a year. Be careful to invest in them.
> What is worse, their decision-making process on this issue was very self-enclosed and unilateral, compared to other chains I’ve experienced so far. No deep discussion on forum or community call “before” governance vote
> They suddenly started to claim so "after" voting began. They should have communicated like "Dear community members/developers, in terms of the developer program, we expected XXX, but actually we're facing YYY now. We would like to propose ZZZ. What do you think?"
> In fact, lots of developers on #Kava ethereum chain are feeling betrayed or unsatisfied. hope as many developers/investors as possible know this and Kava team gets back in the right direction.

How has Scott Stewart (Kava Labs CEO) (or Kava team) answered this? He has not.

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Let us address the elephant in the room.

## The Kava chain is centralized in an opaque manner

There is at least one force (some say it is the Kava core team, some say it is Scott's pocketed money...) who has the power to sway a governance vote independent of the validators.

**Prop 96 would have passed if based solely on the votes of the Validators. By a big margin.**
It appears that >98% of the NO votes come from just two entities (possible the same in reality).
One entity with 10 wallets, one entity with 7 wallets. Their votes were casted with around 1 minute in between from wallet to wallet.

Entity 1 with those wallets: (the number is the amount of KAVA delegated, rounded)
1.150.000 https://www.mintscan.io/kava/account/kava15wyjwhj6zh79m7adm69pwl3nsq9z8gs9ezs4k7
681.000 https://www.mintscan.io/kava/account/kava1exq7kcuzdps2np0sjszj6maqmxew6jfq0jr7r0
321.000 https://www.mintscan.io/kava/account/kava1yrc64ud3y67898q8c5pqnaxhdelzztq22kcay8
464.000 https://www.mintscan.io/kava/account/kava14zn7azqar40mmtxgl2fzj3ax9le4jfr2yhcc2z
684.000 https://www.mintscan.io/kava/account/kava1hvwwvyldqq4hs7w0v7cy2wp0m8v74q7jkpdjw5
1.320.000 https://www.mintscan.io/kava/account/kava13c8ne0jh7x6txh6u4dy0jgz5snzfgfdlmkw9qz
1.077.000 https://www.mintscan.io/kava/account/kava1gt8nvvwfzu7g5dxu4wyha99m37dpw6e6uqz8wu
2.348.000 https://www.mintscan.io/kava/account/kava1y68ktakf7en8e2k409mcd73fqjdntcu3rxhkj4
2.333.000 https://www.mintscan.io/kava/account/kava1ff59asctmlv8q26w08tlad3vhqmxnkwndc76p6
2.478.000 https://www.mintscan.io/kava/account/kava1u3sa2nahprsn4ty6z8e96ukdvzld3k7sultlg7

Entity 2 with those wallets:
2.010.000 https://www.mintscan.io/kava/account/kava1qjq0xj3nmf9lwkeh560xey5aw0wxv9dt7l6a74
2.151.000 https://www.mintscan.io/kava/account/kava1aep3sl44l7vwru0yz6kdg0fa6ls977gg6suqgp
3.232.000 https://www.mintscan.io/kava/account/kava1ncsn77qrwg795sll2c0jtnya9rvpz5w5qutfk5
4.987.000 https://www.mintscan.io/kava/account/kava1cdsplflzkwcyx8kz26v07m6q3ucrttfps3qp8v
4.929.000 https://www.mintscan.io/kava/account/kava1uv0ra5mmd7sqx7rpy5gcl07ufelnad8pdhcp37
4.415.000 https://www.mintscan.io/kava/account/kava1gkjcpagfurqqxkh6x85u8gkjfka8srhfj83ugw
5.055.000 https://www.mintscan.io/kava/account/kava1qvsus5qg8yhre7k2c78xkkw4nvqqgev7ezrja8

_(Thank you to a member from the Evmos Community for the above research). I have also personally verified this information against Mintscan. You, as a reader, have the duty to also verify it.)_

The above was also verified against the entire voting information extracted from the Kava chain, by @dimiandre (Co-Founder @JunoNetwork), that he posted in this thread: https://twitter.com/dimiandre/status/1564640381630877697. I made a copy of the spreadsheet, for stability: https://docs.google.com/spreadsheets/d/1NtC7_Xo73wvpjKNTpi1mypJHm6TC7L6KBqGtZKRBN1Q/edit?usp=sharing.

## Who are we addressing?

The above wallets are the voice I was elected to engage.
I have waited and debated in the digital public square (Reddit, Twitter) inviting all interested parties. This party has not shown itself into the light even in the last moments.

Now I am calling it by its addresses on the Kava chain. I am telling you, owner of the $Kava who voted this way:
By another negative vote on Ethermint support, you will endanger the funds of all $Kava holders.

1. Kava will not benefit from future security patches to Ethermint (see what that did to the BNB chain)
2. The Laurel Project that implements nBridge and Inter-Chain routing on IBC will not accept your membership until you solve this ethical problem
3. By having a momentary tactical win (and keeping this ~$2.075M), you would lose long-term. Possibly all money that Kava holds
4. It will be easier to gain the trust of Confio (if you would want CosmWasm) or other execution engine shops (to remain relevant long-term) if you would meet your previous moral obligations.

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https://twitter.com/dimiandre/status/1564640381630877697

- Only 15% of the voting addresses voted for NO
- 60% of the voting power is on the NO side
5/ What we can see here is that Kava Labs control over 40M $KAVA and they actively participate in governance, voting almost every time

Speaking of numbers, ~40M Kava is equal to ~35% of all staked assets.

https://docs.google.com/spreadsheets/d/1ixwie5tATF6rkDrnO46qjaISgFNEhBCzZ_r1Wp0w8XE/edit#gid=579973863

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https://www.mintscan.io/kava/proposals/96

Validator NOs:

- Blocks United: 0.06 %, 72,557.907326KAVA
- Cros-nest: 0.05 %, 65,158.362623KAVA
- Inter Blockchain Services (former 3Tekos): 0.03 %, 36,238.784322KAVA

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Twitter

I am calling out the owner of this @kava_platform address:

kava1qvsus5qg8yhre7k2c78xkkw4nvqqgev7ezrja8

to be present in the discussion:
https://www.reddit.com/r/kava_platform/comments/xyxr1o/comment/irqszbx/?context=3

@dimiandre, from @JunoNetwork thank you for your analysis https://twitter.com/dimiandre/status/1564640381630877697

cc. @TharsisHQ, @EvmosOrg, @EvmosDAO
@CosmWasm, @confio_tech

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https://twitter.com/Ruby_Protocol/status/1561642198654799873