HARD Protocol is a decentralized currency market built on Kava, allowing cross-chain asset lending.
Initially, HARD Protocol will only support BTC, XRP, BNB, BUSD, and USDX deposits. The platform will open over-collateralized lending to supported assets in the near future.
HARD is the native governance token of the platform and has the following existing and planned use cases:
Liquidity mining rewards: HARD tokens will be rewarded to users who lend and borrow on the platform.
Governance voting: HARD token holders will be able to vote on platform governance and receive HARD token rewards.
All distributed HARD token rewards will be locked for a certain period of time. The longer the user chooses to lock the position, the more HARD tokens he will get. The specific parameters of the token reward lockup can be changed through governance voting.