Kava Labs have introduced a new Binance-backed product called Harvest. Harvest is the world's first cross-chain money market and will allow users to stake non-Ethereum assets such as bitcoin, XRP and BUSD amongst other assets. Users who borrow or lend on the app will be paid their interest and HARD tokens, the governance token of Harvest.
How Does Harvest Work?
According to the Harvest website it will work as follows:
You can find further details from their Medium post: Here
The ability to earn yield from non-ethereum assets is rather attractive considering the high gas fees associated with Ethereum.
