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Kava 5 mainnet upgrade completed and Hard Protocol V2 version was successfully launched

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Kava 5 has supported the lending capabilities of the HARD platform pool, including floating rate lending, and the distribution of HARD token rewards to asset providers and borrowers

The Kava Defi platform has completed its fifth iteration with the new Hard Protocol V2 version, according to Blockbeats. Has support HARD platform pool borrowing functions, including a floating interest rate loans, as well as the distribution of assets to the supplier and the borrower HARD tokens, reward, also further enhance the HARD platform of governance, by HARD community participation and update more protocol parameters, which marks the HARD money market has become a mature cross chain products.

Kava 5 mainnet upgrade details

First, Kava 5 provides new software optimizations for scalability, creating a new environment for network validators, and ensuring that verifiers can more quickly verify transactions on the Kava network. In addition, the Consensus enhancement will provide at least a 10-fold improvement in system performance, enabling Kava Defi products to empower users now and in the future.

Second, the Kava BEP3 repeater optimization provides a better and more secure way to handle user money, ensuring a seamless experience when moving money between different blockchains.

Third, great progress has been made in standardizing the Kava cloud infrastructure. Through continuous technological optimization, Kava's services become more reliable and secure, acting as a catalyst for further infrastructure development. Currently, Kava's Defi service covers cross-chain reward claim and refund bots, application front ends, price reference software, full nodes, history nodes, REST and API endpoints, etc.

Fourth, the Hard Protocol V2 version provides important borrowing capabilities for cross-chain currency markets. All financial institutional investors can make use of their holdings of multiple assets in the HARD money market to earn high returns through deposit or borrowing and avoid any counterparty risk.

Looking forward to 6 Kava

Following the successful launch of the Kava 5 mainnet, Kava will further launch a new version that will offer Kava Ppledged Derivatives, Kava Safu Funds, Automated Market Making Service (AMM), token issuance and more optimizations for risk management.