Announcing Kava Lend v2!

Kava_Chain
3 min readAug 8, 2024

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The HARD Community is thrilled to announce Kava Lend v2.

The much-anticipated release of Kava Lend v2, a new strategic evolution of Kava Lend is here! This major update marks a significant advancement, bringing new features and partnerships to reshape how the crypto community thinks about decentralized lending and borrowing.

Kava Lend is a cross-chain money market for digital assets that aims to provide the ability to lend, borrow, and earn a wide variety of assets, including USDT, BTCB, XRPB, BNB, BUSD, KAVA, USDX, ATOM, and others. Currently, Kava Lend is the leading and most used cross-chain money market in the Cosmos ecosystem of appchains, with a significant focus on native assets like USDT.

The platform is built on the interoperable Kava blockchain that provides cross-chain bridges, Chainlink oracles, security from the Tendermint consensus mechanism, and other infrastructure designed as a foundation for DeFi applications and services. HARD is the governance token for the Kava Lend cross-chain money market.

Let’s dive into some of the exciting new initiatives that Kava Lend v2 has to offer:

1. EVM Deployment: A Game-Changer

Kava Lend v2 is deploying on the EVM. This isn’t just tech talk — it’s a real way to tap into the Ethereum ecosystem and access a world of new strategies. EVM compatibility means more options, more flexibility, and more ways to put your assets to work for you. If you’re serious about cross-chain DeFi, this is where the future is headed.

2. New Partnerships & RWA Integration

Kava Lend v2 introduces Real World Assets into the mix, bridging traditional finance and DeFi through new partnerships to be announced. This development is exciting for those looking to diversify their portfolios with real-world collateral. Prepare for lending options to multiply with new possibilities.

3. Cosmos Integration with USDC (Noble)

This integration is all about seamless cross-chain liquidity, making USDC even more accessible. If you prefer to trade in stablecoins, this is your golden ticket to move assets across chains and capitalize on market opportunities effortlessly.

4. Unlocking Borrowing Markets: WBTC and USDT

Kava Lend v2 is also opening borrowing markets for WBTC and Tether’s USDT. This means more ways to leverage your assets and maximize your gains. Whether you’re bullish on Bitcoin or looking to trade with stablecoins, Lend v2 will let you get in on the action and make moves.

5. HARD Rewards Program Launch

Yes, you heard that right. Loyal HARD community members will get rewards for actions like using the Kava Lend cross-chain money market, either lending, borrowing or providing liquidity, as well as governance participation and much more!

The HARD community is very excited about the future and looks forward to providing more updates and a specific timeline with a detailed roadmap once it’s finalized. As always, community feedback is critical, so do reach out and help us shape the direction of Kava Lend.

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Kava_Chain

Kava is a decentralized blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum.