Hard Protocol or Kava Lend is a decentralized  market built on the Kava Chain. Kava Chain is a decentralized, permissionless, and censorship-resistant blockchain built on the Cosmos network. Through the Kava protocol, the Kava Chain enables advanced Decentralized Finance (DeFi) borrowing and lending to its users.

‍The Hard Protocol builds upon the Kava Protocol and adds new functionality to it. The protocol operates much like other cosmos ecosystem blockchains while expanding Kava to include an autonomous money market protocol. The protocol is designed in a way to be interoperable between multiple chains.

Hard Protocol or Kava Lend supports supply-side deposits for assets like BTC, XRP, BNB, BUSD, and USDX. One can participate in Kava Lend through three activities:

Subsequently, the token HARD gives holders a voice in the platform as the token holders are responsible for managing the protocol in decisions such as assets to be offered, rewards that are given, and the fees that can be charged from the users. Users that claim HARD tokens with more extended periods receive more tokens. Also, Kava Lend or any other application that uses the Kava Platform’s security should compensate KAVA stakers for the security and cross-chain infrastructure. Thus, HARD tokens are aimed to be distributed continuously among KAVA stakers. 

Therefore, Kava lend is built as an open, permissionless application accessible by anyone, anytime, anywhere in the world. Other Fintech apps, financial institutions, and exchanges are expected to integrate with Lend’s money market products easily in future.

Hard Protocol was developed by Kava Labs in 2020. It came as an updated version of the earlier Kava DeFi platform, which confused users with several other similar names. Thus, harvest.io was renamed Hard Protocol. Kava Labs was founded by Brian Kerr and Scott Stuart in 2017.

HARD was at an all-time high price of $3 on March 17, 2021. The token was trading at an all-time low price of $0.381 on November 14, 2020. As of December 21, 2021, HARD has a circulating supply of $96,666,667 tokens and a market cap of $66,823,483.