San Francisco, Calif., April 8, 2021 (GLOBE NEWSWIRE) – The HARD protocol is a decentralized money market built on the Kava platform and enables the lending and borrowing of cross-chain assets. In the version 2 upgrade, several enhancements will become available to financial institutions that wish to explore the decentralized financial sector. Providing an option for companies that hold the world’s largest currencies, including Bitcoin, to earn + 25% APY without counterparty risk is a game-changer for decentralized finance.
At the end of the testnet, Kava 5 will launch into the mainnet, just like the HARD V2 protocol upgrade. The technology to expand the appeal of Kava and the HARD money market confirms the team’s vision to deliver cross-chain DeFi solutions to a global audience.
With version 2 of the HARD protocol, loans at variable interest rates will become accessible to all users. In addition, the upgrade introduces support for the distribution of the HARD token, the governance token of the HARD protocol to providers and asset borrowers, further improving the effective returns offered to lenders on the platform. and guarantees all users, lenders and borrowers, to get a say in the continued governance and evolution of the platform.
As part of the HARD protocol version 2 upgrade, developers and end users of a wide range of cryptocurrency asset types will now have the first opportunity to earn denominated interest on their asset. native. will earn more with their cryptocurrency assets through the HARD Money Market.
In addition, the HARD governance model will undergo some changes and improvements. The HARD token holder community has the power to update protocol settings, add money markets for additional crypto asset types, and update HARD token reward allocations in each money market for stimulate demand and use through integrated governance processes. Not only will this help increase the attractiveness of the HARD money market, but it will also strengthen the capacity of our users.
The HARD protocol continues to flexibly adapt to how retail users and financial institutions use the cross-chain money market to earn superior returns on digital assets. Improving governance by the community plays a crucial role in these procedures, as we seek to further optimize the system. Hard Protocol will continue to evolve, upgrade and make future changes through its decentralized governance process to ensure that it will always meet the needs of its growing user base.
Kava Labs works to democratize financial services and make them openly accessible to everyone, everywhere. In 2019, Kava Labs built the Kava blockchain, a foundational platform designed to provide the most secure, secure, and reliable experience for accessing Decentralized Financial Services (DeFi) applications and services. Today, this platform manages over $ 1 billion in assets on behalf of users and is growing rapidly.
The HARD protocol is the world’s first multi-chain money market for cryptocurrencies allowing users to borrow, lend and earn interest on assets. The HARD protocol is built on the Kava platform and leverages its safe, secure and reliable DeFi infrastructure to deliver its money market product to anyone, anywhere.
The HARD protocol is the world’s first multi-chain money market for cryptocurrencies allowing users to borrow, lend and earn interest on assets. The HARD protocol is built on the Kava platform and takes advantage of its safe, secure and reliable DeFi infrastructure to deliver its money market product to anyone, anywhere in the world.
More details on the HARD protocol can be found at https://www.kava.io/hard-protocol
Media contact details:
Name: Sarah Austin
Company: [email protected]
Email: Kava Labs