Kava Mint

Kava Mint receives a B- risk grade (35/100) from Hindenrank, where lower scores indicate lower risk. High risk — USDX has broken its $1.00 peg (trading at $0.66), the protocol is absent from the Kava 2026 roadmap, and TVL has collapsed 98% from peak. Functionally abandoned product with unresolved peg failure. Kava Mint is a CDP protocol on the Kava blockchain that allows users to deposit crypto assets (BTC, XRP, BNB, KAVA) as collateral and mint USDX stablecoin. As of July 2026, USDX remains de-pegged 34% at $0.66 with only $211K in daily trading volume, and the protocol is absent from Kava's 2026 roadmap, which has pivoted entirely to USDT and RWA tokenization. TVL has declined from a 2024 peak of ~$500M to $10M. The B- grade reflects the broken stablecoin product, strategic abandonment, and near-zero ecosystem liquidity.

The key risks identified for Kava Mint are: (1) USDX has de-pegged 34% to $0.66 as of May 2026 — holders of USDX face current unrealized losses at this price, and the peg may deteriorate further without active team support. (2) The protocol is absent from Kava's 2026 roadmap — the team has pivoted to USDT and RWA strategies, meaning Kava Mint has no active development or parameter management. (3) Near-zero liquidity amplifies CDP liquidation risk — at $10M TVL, there is insufficient DEX depth to safely liquidate underwater positions without significant bad debt.

Kava Mint scores 35/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 5/20, Oracle Surface: 5/10, Documentation Gaps: 2/10, Track Record: 10/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 27 rated CDP protocols on Hindenrank, Kava Mint ranks #10 by safety (lowest risk score = safest). Its 35/100 risk score and B- grade place it in the middle tier of CDP protocols.

Kava Mint scores 10/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.