Kava launched Harvest of cross-chain currency market, in which users can borrow money to get token HARD
Rhythblockbeats news: On September 19th, Kava launched its first Harvest of cross-chain currency market. The platform will conduct internal and external audit of the network on September 21st, and on October 15th, with the launch of Kava-4 main network. HARD assignment starts.
Through the Harvest platform, users can borrow and mine with assets such as BTC, XRP, BNB, BUSD, KAVA and USDX to earn profits.
Harvest is an application built on Kava blockchain, so Harvest is a partner service that leverages Kava's existing verifiers to obtain security, Bridges to exchange cross-chain assets, and Chainlink predictors of price reference data.
There are three main sections on Harvest:
1. Liquidity supply & NBSP; (Supply) - You can safely deposit digital assets on Harvest and earn interest.
2. Borrowing & have spent (Borrow) - You can loan your digital assets to others on Harvest.
3. Mining to earn a profit & NBSP; (Earn) - Both deposit and debit users can earn HARD, that is, Harvest of governance tokens.
Harvest version 1 is delivered with support for supplier bank deposits and HARD incentives for BTC, BNB, BUSD, USDX. The second version will provide lending capabilities for these assets as well as lending incentives to lenders, and expand the scope of governance on the HARD chain.
Initial support assets - BTC, BNB, BUSD, USDX, XRP, and HARD
As an application built on Kava, Harvest will be able to support any asset on the Kava blockchain. After the upgrade of the Main Network "Gateway" of Kava-4, the BEP3 cross-chain bridge will be extended to support other assets such as BTC, XRP, BUSD, etc., ensuring that these assets will be used by users in the Harvest currency market together with native Kava assets such as Kava and USDX.
The maximum supply of HARD tokens is 200 million. The distribution of HARD tokens is as follows:
40% - Incentives for liquidity providers and lending users & NBSP;
25% - Foundation & NBSP;
20% - Kava stakers
10% - team & have spent
5% - IEO
Note: To achieve fair distribution, we will not have any HARD tokens for seed round financing or private sale.
Development roadmap
1. Harvest V1 test network on September 21, 2020Internal test external audit
2. October 15, 2020 -- Harvest V1 & NBSP;With the launch of the main Kava-4 network;HARD assignment starts. BTC, BNB, HARD & The USDX provides liquidity and HARD incentives to begin with.
3. December 30, 2020 -- Harvest v2& NBSP;Extend Harvest governance. Liquidity provision and lending - BTC, XRP, BNB, BUSD, USDX and LINK. Debit incentives begin - BTC, BNB, BUSD, LINK, USDX and XRP.
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