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Kava Lend

HARD

Price
$0.19
9/25/2022, 8:57:20 PM
diamondHands

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Market

Market stats

Market cap

$26.2M

Volume (24h)

$2.7M

Circulating supply

134.8M HARD

All time high

$3.00

Price change (1h)

-0.17%

Price change (24h)

-3.39%

Price change (7d)

-33.47%

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Kava Lend is on the decline this week.

The price of Kava Lend has fallen by 33.47% in the past 7 days. The price declined by 3.39% in the last 24 hours. In just the past hour, the price shrunk by 0.17%. The current price is $0.194527 per HARD. Kava Lend is 93.52% below the all time high of $3.00.

The current circulating supply is 134,791,668 HARD.

About

What Is Hard Protocol (HARD)?

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:

  • Supply: One can safely supply digital assets and earn interest from the Kava Platform.

  • Borrow: One can use digital assets as collateral to borrow other assets.

  • Earn: Suppliers and borrowers earn Hard tokens that run as the governing token for the platform.

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.

History of Hard Protocol (HARD)

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.

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FAQ

What is the current price of Kava Lend?

The price of 1 Kava Lend currently costs $0.19.

What is the market cap of Kava Lend?

The current market cap of Kava Lend is $26.23M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Kava Lend?

The all-time high of Kava Lend is $3.00. This all-time high is highest price paid for Kava Lend since it was launched.

What is the 24 hour trading volume of Kava Lend?

Over the last 24 hours, the trading volume of Kava Lend is $2.74M.

What other assets are similar to Kava Lend?

Assets that have a similar market cap to Kava Lend include Super Zero Protocol, Bella Protocol, IRISnet, and many others. To see a full list, see our comparable market cap assets.

How many Kava Lend are there?

The current circulating supply of Kava Lend is 135 million.

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