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65 lines
3.7 KiB
Markdown
65 lines
3.7 KiB
Markdown
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## Earn With Kava
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### Why use Mint/Lend?
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**Borrowing**
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Mint and Lend let users take out loans in a decentralized fashion. This democratizes finance by removing the barrier to entry, lowering friction, and removing gatekeepers.
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**Lending**
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Mint, Lend, and Swap let users turn their idle cryptocurrencies into interest-producing assets safely and transparently.
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**Rewards**
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As the protocols scale, numerous rewards are available to early adopters.DeFi applications - developers are encouraged to build new apps, integrations, and protocols in the Kava ecosystem for new business use cases.
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### How can I earn money on Kava?
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**Staking**
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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.](https://medium.com/kava-labs/kava-staking-guide-4894b8452ab3) A list of validators can be found [here.](https://kava.bigdipper.live/validators)
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**Borrowing**
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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 Lend.
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**Lending**
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Supply assets to Kava Lend and automatically earn rewards in HARD tokens.
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**Rewards**
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Kava Mint
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[Trust wallet guide](https://medium.com/kava-labs/borrow-usdx-on-kavas-web-app-using-trust-wallet-8540ba61f7a4).
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[Minting rewards](https://medium.com/kava-labs/usdx-minting-rewards-explained-82d0b74897a2#Reward%20Calculation).
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Available assets include: BNB, BTCB, BUSD-A, BUSD-B, XRPB, KAVA, UST, and HARD.
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Kava Lend
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Supply assets to Kava Lend to earn KAVA and HARD rewards. [Guide](https://medium.com/kava-labs/supply-and-earn-on-hard-money-market-from-binance-com-e3f54acf4b19).
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Available assets include: USDX, KAVA, HARD, BNB, BUSD, BTCB, SWP, ATOM, and XRPB.
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KAVA, HARD, and SWP rewards have a vesting period of either 1 month or 12 months. If you choose 12 months, the reward amount increases.
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Users can earn rewards by:
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- Supplying an asset to Lend.
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- Borrowing against that asset.
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- Supplying the borrowed asset to Mint.
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- Minting USDX.
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- Supplying that minted USDX to Lend.
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- Supplying a pair of assets to a Swap Liquidity pool.
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**Tips**
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Keep a small amount of KAVA in your wallet in case you want to include a fee.
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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).
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Some exchanges (like Binance) require a memo field for cross-chain transfers. If a memo is not included, those funds can be lost.
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### How can I send assets to Kava?
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To use assets on Kava, first move those assets to the Binance Chain (not Binance Smart Chain) and then to the Kava Chain.
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This [guide](https://medium.com/kava-labs/borrow-usdx-on-kavas-web-app-using-trust-wallet-8540ba61f7a4) walks you through the process.
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### Do Kava transactions require fees?
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Fees are optional. They can be included if the network becomes busy, and can be added to prioritize a transaction to complete faster.
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### Do Kava transactions require gas?
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All transactions on the Kava blockchain consume gas.
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The amount of gas consumed is proportional to the amount of computation and state access that the transaction requires.
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For large and/or complex transactions, users may have to increase the amount of gas that the transaction requests above the default value.
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