Binance Launchpool Introduces New Project Hard Protocol

Binance Launchpool, a new initiative aiming to provide the decentralized finance (DeFi) experience for Binance users, recently announced its new project - Hard Protocol (HARD), a decentralized, cross-chain money market.

HARD offers the supply and borrowing of assets like BTC, XRP, BNB, BUSD, KAVA, and USDX. This new project will integrate Kava blockchain's security, price feeds, and cross-chain functionality to make available open and decentralized financial services to the world. Deployment of HARD will greatly expand of the Kava DeFi platform, contributing to enhancing its position as the industry leader in cross-chain DeFi.

​Launchpool users will be able to stake their BNB, BUSD and KAVA tokens into separate pools to farm HARD tokens over 30 days, with farming starting from 2020/11/03 0:00 AM (UTC).

Binance will then list HARD into the innovation zone at 2020/11/06 6:00 AM (UTC) and open trading with HARD/BTC, HARD/BNB, HARD/BUSD and HARD/USDT trading pairs.

"It took us years and millions of dollars to build, but we finally laid the foundation for a wide range of novel cross-chain DeFi apps to be built on Kava. Thanks to this work, HARD Protocol, the world's first cross-chain money market is made possible and will usher in a new wave of digital asset lending, borrowing, and earning." - Brian Kerr, CEO of Kava Labs.

"The first money market on Kava Chain is currently bridged to Binance Chain and we are happy to support its development on Launchpool", - said Binance CEO and Founder, CZ (Changpeng Zhao). "We look forward to working together with both Hard Protocol and the Kava Labs team".