PinJam Labs KAVA Mainnet Launch
Expansion of lending & borrowing protocol to Kava, previously launched on Avalanche.
- Earn yield by supplying or borrowing assets (e.g. USDC, ETH, BTC etc.)
- Loans are over-collateralized, and any idle funds deposited in protocols such as Aave, Curve, etc. to earn additional revenue and yield for lenders
- Lenders earn 1% of total yield generated from idle funds
- The interest rate on borrowing varies – depends on asset utilization; rises when more of an asset is borrowed, and it falls as utilization falls
- No fixed term on borrowing