What does Kava Lend do?
Kava Lend (CRYPTO:HARD) is a decentralized money market protocol that allows users to lend, borrow, and swap assets on the Kava blockchain. Kava Lend is powered by the HARD token, which is used to incentivize users to participate in the protocol and to govern its future development.
Kava Lend works by matching lenders and borrowers of assets. Lenders deposit their assets into the protocol and earn interest on their deposits. Borrowers can borrow assets from the protocol and pay interest on their loans. The interest rates on loans are determined by the supply and demand for each asset.
Kava Lend is secured by a collateral pool, which is a collection of assets that borrowers have deposited to support their loans. If a borrower defaults on their loan, the collateral pool is used to repay the lender. This helps to protect lenders from losses.
Kava Lend is currently working on a number of projects, including expanding the range of assets supported, developing new features, and integrating with other DeFi protocols. The objective of Kava Lend is to provide a secure and efficient way for users to lend, borrow, and swap assets on the Kava blockchain. Kava Lend is committed to building a decentralized money market that is open to everyone and that gives users control over their own assets.