DeFi lending platform Kava (KAVA) revealed a new automated market maker (AMM) called Harvest, touted as the world’s first cross-chain money market.
- The protocol’s governance token, HARD, will be rewarded to both suppliers and borrowers
- Supported assets include BTC, XRP, BNB, BUSD, KAVA, USDX, and HARD
- Version 1 will ship with supply-side deposits and HARD incentives; version 2 will introduce borrowing and related incentives, as well as greater governance functionality
- 40% of the HARD supply has been allocated towards incentives, 25% for the treasury and 20% for staking participants
- Version 1 is expected to ship on October 15; version 2 will ship on December 30