Like most Proof of Stake (PoS) blockchains, KAVA holders can ‘stake’ their KAVA by either running a validator node themselves or by ‘bonding’ their tokens to a third party that is running a node. Bonding temporarily locks in your coins for a 21-day. Learn more. A list of validators can be found here.
Use your assets as collateral to borrow other assets, then using those to earn returns by trading or with other DeFi pursuits. Users can borrow USDX on Kava and other assets on Hard.
Supply assets to the Hard Protocol and automatically earn rewards in HARD tokens.
Deposit assets, open a CDP to mint USDX, and earn KAVA rewards.
Trust wallet guide. Minting rewards.
Available assets include: BNB, BTCB, BUSD-A, BUSD-B, XRPB, KAVA, and HARD.
Supply assets to the Hard Protocol and earn HARD rewards. Guide.
Available assets include: USDX, KAVA, HARD, BNB, BUSD, BTCB, and XRPB.
KAVA rewards have a vesting period of 21 days. HARD rewards have a vesting period of 1 month or 12 months. If you choose 12 months, the reward amount increases.
Users can earn rewards on both platforms by:
- Supplying an asset to Hard.
- Borrowing against that asset.
- Supplying the borrowed asset to Kava
- Minting USDX
- Supplying that minted USDX to Hard.
Keep a small amount of KAVA in your wallet in case you want to include a fee.
Avoid having a CDP liquidated by monitoring the collateral value, debt value, and liquidation price. If the collateral value drops below the liquidation price, your position will be liquidated. Assets from liquidated CDP’s are put up for auction. If that happens, the auction typically takes 8-24 hours and you can expect ~⅓ of the collateral back (not guaranteed).
Some exchanges (like Binance) require a memo field for cross-chain transfers. If a memo is not included, those funds can be lost.