Supply and Earn on HARD Money Market from Binance.com
Step-by-step Guide to Supply your Kava assets from Binance.com.
Update: Kava Labs launched a rebranded product portfolio in late August 2021, and the following archived article contains outdated information. Application rebrands on the Kava Platform are as follows: Kava CDP is now Kava Mint; Hard is now Kava Lend; Swap is now Kava Swap. To learn more about the rebrand, please read the announcement.
Binance.com supports a number of Kava DeFi Hub assets, this guide will walk you through how to Supply and Earn using the newly listed $HARD token from Binance.com.
1. Withdraw HARD from Binance.com to Trust Wallet
Trust Wallet is the official wallet of Binance.com. See this tutorial if you have not already setup a Multi-coin Kava wallet on the Trust Wallet app.
a.) Left screen: In your Trust Wallet app, search for ‘Kava’ and enable by pressing the toggle to green. Note: You need to enable Kava (native) and not Kava (BEP2 or BEP20).
b.) Middle screen: Select ‘Kava’ in the main screen, press [Receive] in the Kava screen.
c.) Right screen: Press [Copy] in the Receive KAVA screen, to copy your Kava Address.
Great! Next, we’ll withdraw HARD from Binance.com to your Trust Wallet.
d.) Left screen: Paste your Kava recipient address into Binance.com HARD Withdraw screen. Select KAVA as your transfer network. Note: You need to transfer to Kava (native) and not Kava (BEP2 or BEP20).
e.) Right screen: Once the Binance.com transfer is complete, your HARD (native) will be available for use and contained in your Kava (native) address. This is like COMP (erc20) available for use in your Ethereum address.
The next step will enable you to view you HARD balance and Supply to HARD money-market.
2. Connect your Trust Wallet to HARD App.
a.) Navigate to the HARD Money Market web app at app.hard.kava.io.
b.) Left screen: On the Connect Wallet prompt, select [Trust Wallet].
c.) Right screen: A WalletConnect QR code screen will be displayed.
You will connect your Trust Wallet by scanning this WalletConnect QR code from within your Trust Wallet app.
d.) Left screen: Open to your Trust Wallet and press the settings gear on the right side of the bottom navigation. Then press [WalletConnect].
e.) Middle screen: Your mobile devices camera will be opened, scan your WalletConnect QR code using your camera. After scanning, press ‘Connect’ to connect your Trust Wallet to the HARD web app.
f.) Right screen: Once connected, you should see the Status, URL you’re connected to, and a history of any signed transactions. Double-check the URL to make sure it’s app.hard.kava.io.
3. Supply to HARD Money Market
Once your Trust Wallet is connected to the HARD web app you can view your HARD balance by navigating to the HARD web app.
a.) Left screen: Press [Balances] in the top navigation.
b.) Middle screen: You can view your HARD balance, and any other asset in your Kava account. Kava assets currently include: (USDX, KAVA, HARD, BTCB, BUSD, XRP, BNB).
c.) Right screen: Navigate back to the main screen, scroll to HARD market and press [Supply] to supply your HARD.
d.) Left screen: Enter the amount of HARD you wish to supply or press [MAX] to supply your full balance. Press [Supply]. Note: you can also enter an optional transaction fee, paid in KAVA, which may increase processing time.
e.) Middle screen: On your Trust Wallet app, press [OK] to confirm the transaction after reviewing details.
f.) Right screen: Press [Done] once the transaction is complete.
Congrats! You have supplied HARD and are now automatically earning rewards every second.
Bonus: Claim HARD Rewards
HARD reward claims accrue every block. You may Claim your HARD rewards as frequently as you like.
a.) Left screen: Scroll down to the “HARD Rewards” section, Press [Claim].
b.) Middle screen: You may select a 1-month or 12-month lockup period for your claimed HARD. 12-month HARD claims come with a bonus. Note: you can enter an optional transaction fee, paid in KAVA, which may increase processing time.
c.) Right screen: Once your HARD claim transaction is processed you can view your total Claimed HARD balance. Press [Expand] to view your exact unlock schedule.
Note: Claimed HARD balances are locked for the period of time you specify. Claimed HARD become unlocked on the 1st or 15th of each calendar month.
At time of HARD claim, your claimed balance will be automatically rolled into the next available period, and then have the lock period applied. Example: If you perform a HARD claim Oct 21st with a 1-month lock period, your claim will be rolled to the Nov 1st period, then have the 1-month lock period applied, such that your claimed HARD will unlock Dec 1st.
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Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making investment decisions.
