Kava Lend


Kava Lend is a crypto token with a circulating supply of 94.2M and total supply at 200M. Kava Lend is represented by its symbol HARD and is not hot as Bitcoin or Etherium.. Go through the project details and whitepaper to know more details about Kava Lend and its investment opportunities.

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Highlights of the Project

What makes Kava Lend different? What are the unique features of Kava Lend?

Why Mint?

HODL your coin and trade it too

Why Lend?

Lend, borrow, earn and repeat

Pools Overview

Collect exchange fees and earn rewards...

About the Project

Learn more about Kava Lend project and its usecases

What Is Kava Lend?

Kava is a software protocol that uses multiple Cryptocurrencies to allow its users to borrow and lend assets without the need for a traditional financial intermediary. In this way, Kava is considered one of a number of emerging decentralized finance (DeFi) projects. However, whereas most DeFi projects run on Ethereum, Kava is instead built on Cosmos, a design decision its team argues adds additional functionality. Users of its platform lock cryptocurrencies into smart contracts on Cosmos so that they can borrow loans denominated in USDX, a cryptocurrency pegged to the value of the U.S. dollar. 

Kava leverages a feature in Cosmos called zones to manage the crypto assets it accepts, which then run in programs on independent networks. This allows the project to broaden the number of crypto assets borrowers can use to include XRP, BNB and BTC, among others.By collateralizing cryptocurrencies to mint USDX, users receive weekly rewards in the form of KAVA, Kava’s cryptocurrency. The total amount of KAVA users receive is dependent on the type of collateral used and how much USDX a user mints. As an example, minters using BNB as collateral receive a share of the 74,000 KAVA that the platform issues weekly. If you wish to receive regular updates from the Kava team, including announcements on newly listed assets, you can bookmark the Kava Blog

Who Created Kava?

Kava was co-founded by Brian Kerr, Ruaridh O’Donnell and Scott Stuart in 2018. That’s when the founders established Kava Labs, a for-profit company whose goal is to develop and drive the creation of the Kava platform. The Kava team next held a token sale on the cryptocurrency exchange Binance in 2019, at the time raising $3 million through the sale of 6.5% of the total KAVA supply. Kava’s decentralized lending platform officially went live in June 2020 at which time BNB could be used as collateral for borrowing USDX. As of August 2020, $24 million worth of BNB were locked into contracts, with 8 million USDX borrowed. 

How Does Kava Work?

Kava allows users to lock assets in special smart contracts and borrow USDX.On the back-end, this creates what is called a collateralized debt position (CDP), a contract designed to ensure the value of USDX remains pegged to the U.S. dollar. 

To set up a CDP, users:

  • Deposit crypto – Users can connect their wallets to deposit cryptocurrencies.
  • Withdraw crypto - Once the crypto is returned to the user, Kava burns the USDX.
  • Create a CDP –  Kava locks the deposited cryptocurrency in a smart contract. 
  • Create USDX – Users are issued USDX loans based on the value of the CDP.
  • Close a CDP - Users repay the debt plus a fee to unlock their collateralized crypto.

Why Does KAVA Have Value?

The KAVA cryptocurrency is used to reward users who mint USDX, and it plays a key role in the governance of the Kava network. More specifically, KAVA distributes the management of operations on the network, enabling anyone who holds and stakes the cryptocurrency to vote on its software policies and rules. This means that by owning and staking KAVA, users can vote to change certain parameters of the software. These include, but are not limited to, the assets the protocol accepts as collateral, the collateralization ratio required and the fees paid by borrowers. Kava users can also delegate KAVA to the validators who manage its blockchain and compete for newly minted KAVA, allocating votes to them to earn a portion of the stability fees paid by users closing their CDPs.Like many other cryptocurrencies, the supply of KAVA tokens is also limited, meaning that according to the software’s rules, there will only ever be 100 million KAVA.


Collateralization Ratio

You can think of the collateralization ratio as the mechanism that helps protect the protocol from volatility that would reduce the value of the collateral. On Kava, USDX is often over-collateralized, meaning that borrowers must deposit an amount that is typically higher than the value of USDX minted by the protocol. The ratio of debt-to-collateral is then used to calculate the liquidation price. For example, a collateralization ratio of 200% would mean that a user will get liquidated if the value of the cryptocurrency locked in the protocol falls below 2x the USDX they have borrowed.If the debt-to-collateral value drops below a specified threshold, the collateral held in smart contracts will automatically be liquidated and burned.

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Read the latest news about Kava Lend from across the globe.

What's Next for Bullish Rated Kava Lend (HARD)? - InvestorsObserver

Sat, 16 Sep 2023 16:53:27 GMT: What's Next for Bullish Rated Kava Lend (HARD)?  InvestorsObserver

Hifi Finance Price Prediction 2023: What is Hifi Finance? - CCN.com

Mon, 18 Sep 2023 09:31:25 GMT: Hifi Finance Price Prediction 2023: What is Hifi Finance?  CCN.com

What is Kava (KAVA)? - Bitfinex blog - Bitfinex

Fri, 14 Jul 2023 07:00:00 GMT: What is Kava (KAVA)? - Bitfinex blog  Bitfinex

Top 5 DeFi Protocols in Kava - Reviews - Altcoin Buzz

Mon, 08 May 2023 07:00:00 GMT: Top 5 DeFi Protocols in Kava - Reviews  Altcoin Buzz

Kava Price Prediction 2023 2025 2030 - CCN.com

Mon, 11 Sep 2023 07:00:00 GMT: Kava Price Prediction 2023 2025 2030  CCN.com


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