% to borrow USDT or ATOM on KAVA lend ? thanks in advance
Users cannot borrow USDT on Kava Lend as its borrowing market isn't live yet. The borrowing percentage for borrowing ATOM from Kava Lend is 2.15%. Interest fee is referred to as borrowing APY.
ah ok thanks. So borrowing KAVA is free ? 0.02% ?
and is it possible to lend ATOM and borrow another asset ?
Yes, you betcha. Even though the options are limited at this moment. Currently, users can borrow BTCB, BNB, XRPB, BUSD, KAVA, and ATOM. Soon, users will be able to borrow USDT and wBTC when Lend v2 launches.
Not 100% free as its interest fee is 0.02% 😉
When borrowing on Kava Lend you need to ensure you only borrow at a safe level and monitor your position closely to avoid getting you supplied assets liquidated
ok thanks for this tip !!
hey Daz, are you using Keplr for the lending on hover ? I'm testing it and they seem to not accept it.... interesting LOL
You would need to move it across to the EVM chain on the Kava Web App https://app.kava.io/transfer
with keplr I'm already on kavaEVM ;) so weird this wallet is not accepted
To interact with the Kava EVM chain, it's highly recommended to use the MetaMask wallet instead.
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