Kava launches Hard V2 to become first full lending protocol in the Cosmos ecosystem

Shortly after the launch of Stargate, Cosmos ecosystem chains are entering the DeFi arena.
Kava, a DeFi-centric blockchain project built on the Cosmos SDK, has announced the concurrent release of Kava 5.1 and Hard Protocol V2, which marks the full launch of two-sided lending markets on the Kava blockchain.The Kava 5.1 upgrade is a significant boost to performance over previous major versions, with the team claiming a ten-fold increase in throughput through “consensus enhancements.” The upgrade also carries improvements to the BEP3 relayer that acts as the connection to Binance Smart Chain, and other improvements to APIs and overall reliability.The Kava 5.1 launch is bundled with Hard Protocol V2, Kava’s in-house lending protocol that works in a similar manner to Compound. The V2 enables borrowing of the assets supplied to the chain, making it a fully functional lending protocol. Coupled with Kava’s main DeFi app, a stablecoin protocol similar to Maker, the project now offers a full lending ecosystem within the Cosmos “internet of blockchains.”The upgrade comes shortly after the release of Stargate, a comprehensive Cosmos upgrade that enabled the Inter Blockchain Communication protocol, or IBC, a key component of the Cosmos white paper. The Cosmos ecosystem is different from most other protocols due to its heterogeneity. Each project building on Cosmos is an independent blockchain powered by its own set of nodes, which distinguishes it from projects like Polkadot, where the parachains share a common set of validators.IBC provides the communication overlay that makes it easy …
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