Kava Lend, known by the symbol HARD, is a decentralised finance (DeFi) platform constructed on the Kava blockchain. It facilitates users in lending, borrowing, and earning interest on crypto assets, supporting cross-chain functionality, which allows integration with various blockchain networks.
Kava Lend operates on the Kava Blockchain, leveraging its co-chain architecture to unite the speed and scalability of the Cosmos SDK with the developer flexibility of Ethereum. It employs the Tendermint consensus mechanism for secure and efficient block validation. With EVM (Ethereum Virtual Machine) compatibility and Chainlink oracles, it ensures accurate data feeds, providing robust lending and borrowing services across multiple crypto assets.
Potential use cases for Kava Lend include:
Kava Lend was developed by Kava Labs, founded in 2018 by Ruaridh O'Donnell, Brian Kerr, and Scott Stuart. Initially launched as HARD Protocol in October 2020, it underwent significant milestones like the Binance Launchpool partnership and rebranding to Kava Lend in August 2021. Over time, it introduced version upgrades, such as Version 2 with borrow functionality and raised cross-chain capabilities by leveraging Cosmos IBC, establishing itself as a leading DeFi platform within the Cosmos ecosystem.