What is Kava Lend (HARD)? How To Buy HARD Token In India?

What is Kava Lend (HARD)?

Kava Lend or HARD protocol is an Automated Money Market(AMM) protocol built over the Kava network, allowing individuals to borrow and lend crypto assets. Its seamless and decentralized platform removes entry barriers and intermediaries, lowering friction for users, unlike traditional finance systems. 

Lend platform adds new functionality and expands Kava’s DeFi ecosystem to the next level with its money market protocol and cross-chain support. One can lend, borrow, and earn through various assets such as BTC, BNB, KAVA, XRP, USDT, DAI, and more. 

HARD is the primary native token of Kava Lend that is utilized to provide incentives to platform participants in governance decision-making models to define and manage Lend and as platform fees.

Who are the Founders of Kava Lend?

Kava Lend was launched in September 2020 to simplify DeFi lending and borrowing for new users. It is part of the Kava blockchain ecosystem, providing a free flow of assets to DeFi users. Kava was co-founded by three blockchain enthusiasts, Scott Stuart, Brain Kerr, and Ruaridh O’Donnell.

How does Kava Lend(HARD) work?

Built on top of the Kava blockchain, the HARD protocol leverages the network’s Tendermint consensus and existing validator for security, Chainlink oracles for a data feed, and cross-chain bridges to facilitate token transfers. Like other AMM protocols, Users can participate in HARD protocol in two ways: Supplying and Borrowing.

Users can deposit supported crypto assets in the Kava lending protocol to earn interest on their assets and receive HARD rewards. The key feature of Lend is that users have 100% ownership of their tokens and are not at risk of impermanent loss. Furthermore, they are only required to supply one asset, instead of asset pairs as in other DEXs.

One can borrow assets from the HARD protocol up to their borrowing limit by submitting collateral. The borrowing limit of a user depends on the type of token deposited and its amount. Borrowers can retrieve their assets anytime by repaying their collateral amount along with interest rate. As Kava Lend manages collateral in a single lump sum position so users can submit multiple collateral assets to stabilize their collateral position.

What makes HARD Unique Use Cases?

• Both borrowers and lenders can earn HARD token rewards by participating in Kava Lend.
• The platform is open source and permissionless, so anyone can access it anytime and anywhere worldwide.
• HARD token holders can participate in platform governance, managing the kind of tokens supported, platform fees, reward distribution, and more.

Kava Lend (HARD) Price Analysis

Source: TradingView

• HARD price performed pretty well in the first two months of 2023, recovering over 75% from a low of 0.135 in December 2022.
• HARD price has been oscillating in the range of $0.13-$0.23 for nearly the past 8 months and is now trading at $0.12 following a breakdown in June beginning.
• However, with new developments and positive market sentiment, the HARD price might possibly reach the $0.15 mark in the upcoming months.

How to Buy HARD Coins in India?

To buy HARD Coin in India, just follow the below mentioned steps:

• Download the CoinDCX App on your Smartphone
• Enter the details required for registration.
• Complete your KYC
• After your profile is verified, fund your wallet and buy HARD Coins.