diff --git a/x/hard/alias.go b/x/hard/alias.go
index 638fa849..b5431d88 100644
--- a/x/hard/alias.go
+++ b/x/hard/alias.go
@@ -9,86 +9,172 @@ import (
 
 const (
 	AttributeKeyBlockHeight            = types.AttributeKeyBlockHeight
+	AttributeKeyBorrow                 = types.AttributeKeyBorrow
+	AttributeKeyBorrowCoins            = types.AttributeKeyBorrowCoins
+	AttributeKeyBorrower               = types.AttributeKeyBorrower
 	AttributeKeyDeposit                = types.AttributeKeyDeposit
+	AttributeKeyDepositCoins           = types.AttributeKeyDepositCoins
 	AttributeKeyDepositDenom           = types.AttributeKeyDepositDenom
 	AttributeKeyDepositor              = types.AttributeKeyDepositor
+	AttributeKeyRepayCoins             = types.AttributeKeyRepayCoins
 	AttributeKeyRewardsDistribution    = types.AttributeKeyRewardsDistribution
+	AttributeKeySender                 = types.AttributeKeySender
 	AttributeValueCategory             = types.AttributeValueCategory
 	DefaultParamspace                  = types.DefaultParamspace
 	DelegatorAccount                   = types.DelegatorAccount
 	EventTypeDeleteHardDeposit         = types.EventTypeDeleteHardDeposit
+	EventTypeDepositLiquidation        = types.EventTypeDepositLiquidation
+	EventTypeHardBorrow                = types.EventTypeHardBorrow
 	EventTypeHardDelegatorDistribution = types.EventTypeHardDelegatorDistribution
 	EventTypeHardDeposit               = types.EventTypeHardDeposit
 	EventTypeHardLPDistribution        = types.EventTypeHardLPDistribution
+	EventTypeHardRepay                 = types.EventTypeHardRepay
 	EventTypeHardWithdrawal            = types.EventTypeHardWithdrawal
 	LPAccount                          = types.LPAccount
 	LiquidatorAccount                  = types.LiquidatorAccount
 	ModuleAccountName                  = types.ModuleAccountName
 	ModuleName                         = types.ModuleName
 	QuerierRoute                       = types.QuerierRoute
+	QueryGetBorrows                    = types.QueryGetBorrows
 	QueryGetDeposits                   = types.QueryGetDeposits
 	QueryGetModuleAccounts             = types.QueryGetModuleAccounts
 	QueryGetParams                     = types.QueryGetParams
+	QueryGetTotalBorrowed              = types.QueryGetTotalBorrowed
+	QueryGetTotalDeposited             = types.QueryGetTotalDeposited
 	RouterKey                          = types.RouterKey
 	StoreKey                           = types.StoreKey
 )
 
 var (
 	// function aliases
+	APYToSPY                      = keeper.APYToSPY
+	CalculateBorrowInterestFactor = keeper.CalculateBorrowInterestFactor
+	CalculateBorrowRate           = keeper.CalculateBorrowRate
+	CalculateSupplyInterestFactor = keeper.CalculateSupplyInterestFactor
+	CalculateUtilizationRatio     = keeper.CalculateUtilizationRatio
 	NewKeeper                     = keeper.NewKeeper
 	NewQuerier                    = keeper.NewQuerier
-	CalculateUtilizationRatio     = keeper.CalculateUtilizationRatio
-	CalculateBorrowRate           = keeper.CalculateBorrowRate
-	CalculateBorrowInterestFactor = keeper.CalculateBorrowInterestFactor
-	CalculateSupplyInterestFactor = keeper.CalculateSupplyInterestFactor
-	APYToSPY                      = keeper.APYToSPY
 	DefaultGenesisState           = types.DefaultGenesisState
 	DefaultParams                 = types.DefaultParams
 	DepositTypeIteratorKey        = types.DepositTypeIteratorKey
+	GetBorrowByLtvKey             = types.GetBorrowByLtvKey
 	GetTotalVestingPeriodLength   = types.GetTotalVestingPeriodLength
+	NewBorrow                     = types.NewBorrow
+	NewBorrowInterestFactor       = types.NewBorrowInterestFactor
 	NewBorrowLimit                = types.NewBorrowLimit
-	NewInterestRateModel          = types.NewInterestRateModel
 	NewDeposit                    = types.NewDeposit
+	NewGenesisAccumulationTime    = types.NewGenesisAccumulationTime
 	NewGenesisState               = types.NewGenesisState
+	NewInterestRateModel          = types.NewInterestRateModel
+	NewMoneyMarket                = types.NewMoneyMarket
+	NewMsgBorrow                  = types.NewMsgBorrow
 	NewMsgDeposit                 = types.NewMsgDeposit
+	NewMsgLiquidate               = types.NewMsgLiquidate
+	NewMsgRepay                   = types.NewMsgRepay
 	NewMsgWithdraw                = types.NewMsgWithdraw
 	NewMultiHARDHooks             = types.NewMultiHARDHooks
 	NewParams                     = types.NewParams
 	NewPeriod                     = types.NewPeriod
-	NewMoneyMarket                = types.NewMoneyMarket
 	NewQueryAccountParams         = types.NewQueryAccountParams
+	NewQueryBorrowsParams         = types.NewQueryBorrowsParams
+	NewQueryDepositsParams        = types.NewQueryDepositsParams
+	NewQueryTotalBorrowedParams   = types.NewQueryTotalBorrowedParams
+	NewQueryTotalDepositedParams  = types.NewQueryTotalDepositedParams
+	NewSupplyInterestFactor       = types.NewSupplyInterestFactor
+	NewValuationMap               = types.NewValuationMap
 	ParamKeyTable                 = types.ParamKeyTable
 	RegisterCodec                 = types.RegisterCodec
 
 	// variable aliases
+	BorrowInterestFactorPrefix       = types.BorrowInterestFactorPrefix
+	BorrowedCoinsPrefix              = types.BorrowedCoinsPrefix
 	BorrowsKeyPrefix                 = types.BorrowsKeyPrefix
-	DefaultActive                    = types.DefaultActive
+	DefaultAccumulationTimes         = types.DefaultAccumulationTimes
+	DefaultBorrows                   = types.DefaultBorrows
+	DefaultCheckLtvIndexCount        = types.DefaultCheckLtvIndexCount
+	DefaultDeposits                  = types.DefaultDeposits
+	DefaultMoneyMarkets              = types.DefaultMoneyMarkets
 	DefaultPreviousBlockTime         = types.DefaultPreviousBlockTime
+	DefaultTotalBorrowed             = types.DefaultTotalBorrowed
+	DefaultTotalReserves             = types.DefaultTotalReserves
+	DefaultTotalSupplied             = types.DefaultTotalSupplied
 	DepositsKeyPrefix                = types.DepositsKeyPrefix
 	ErrAccountNotFound               = types.ErrAccountNotFound
+	ErrBorrowEmptyCoins              = types.ErrBorrowEmptyCoins
+	ErrBorrowExceedsAvailableBalance = types.ErrBorrowExceedsAvailableBalance
+	ErrBorrowNotFound                = types.ErrBorrowNotFound
+	ErrBorrowNotLiquidatable         = types.ErrBorrowNotLiquidatable
+	ErrBorrowedCoinsNotFound         = types.ErrBorrowedCoinsNotFound
 	ErrDepositNotFound               = types.ErrDepositNotFound
+	ErrDepositsNotFound              = types.ErrDepositsNotFound
+	ErrGreaterThanAssetBorrowLimit   = types.ErrGreaterThanAssetBorrowLimit
+	ErrInsufficientBalanceForBorrow  = types.ErrInsufficientBalanceForBorrow
+	ErrInsufficientBalanceForRepay   = types.ErrInsufficientBalanceForRepay
+	ErrInsufficientCoins             = types.ErrInsufficientCoins
+	ErrInsufficientLoanToValue       = types.ErrInsufficientLoanToValue
 	ErrInsufficientModAccountBalance = types.ErrInsufficientModAccountBalance
-	ErrInvaliWithdrawAmount          = types.ErrInvalidWithdrawAmount
 	ErrInvalidAccountType            = types.ErrInvalidAccountType
 	ErrInvalidDepositDenom           = types.ErrInvalidDepositDenom
+	ErrInvalidReceiver               = types.ErrInvalidReceiver
+	ErrInvalidRepaymentDenom         = types.ErrInvalidRepaymentDenom
+	ErrInvalidWithdrawAmount         = types.ErrInvalidWithdrawAmount
+	ErrInvalidWithdrawDenom          = types.ErrInvalidWithdrawDenom
+	ErrMarketNotFound                = types.ErrMarketNotFound
+	ErrMoneyMarketNotFound           = types.ErrMoneyMarketNotFound
+	ErrNegativeBorrowedCoins         = types.ErrNegativeBorrowedCoins
+	ErrNegativeSuppliedCoins         = types.ErrNegativeSuppliedCoins
+	ErrPreviousAccrualTimeNotFound   = types.ErrPreviousAccrualTimeNotFound
+	ErrPriceNotFound                 = types.ErrPriceNotFound
+	ErrSuppliedCoinsNotFound         = types.ErrSuppliedCoinsNotFound
 	GovDenom                         = types.GovDenom
-	KeyActive                        = types.KeyActive
+	KeyCheckLtvIndexCount            = types.KeyCheckLtvIndexCount
+	KeyMoneyMarkets                  = types.KeyMoneyMarkets
+	LtvIndexPrefix                   = types.LtvIndexPrefix
 	ModuleCdc                        = types.ModuleCdc
+	MoneyMarketsPrefix               = types.MoneyMarketsPrefix
+	PreviousAccrualTimePrefix        = types.PreviousAccrualTimePrefix
 	PreviousBlockTimeKey             = types.PreviousBlockTimeKey
+	SuppliedCoinsPrefix              = types.SuppliedCoinsPrefix
+	SupplyInterestFactorPrefix       = types.SupplyInterestFactorPrefix
+	TotalReservesPrefix              = types.TotalReservesPrefix
 )
 
 type (
-	Keeper             = keeper.Keeper
-	AccountKeeper      = types.AccountKeeper
-	Borrow             = types.Borrow
-	MoneyMarket        = types.MoneyMarket
-	MoneyMarkets       = types.MoneyMarkets
-	Deposit            = types.Deposit
-	GenesisState       = types.GenesisState
-	MsgDeposit         = types.MsgDeposit
-	MsgWithdraw        = types.MsgWithdraw
-	Params             = types.Params
-	QueryAccountParams = types.QueryAccountParams
-	StakingKeeper      = types.StakingKeeper
-	SupplyKeeper       = types.SupplyKeeper
+	Keeper                    = keeper.Keeper
+	LiqData                   = keeper.LiqData
+	AccountKeeper             = types.AccountKeeper
+	AuctionKeeper             = types.AuctionKeeper
+	Borrow                    = types.Borrow
+	BorrowInterestFactor      = types.BorrowInterestFactor
+	BorrowInterestFactors     = types.BorrowInterestFactors
+	BorrowLimit               = types.BorrowLimit
+	Borrows                   = types.Borrows
+	Deposit                   = types.Deposit
+	Deposits                  = types.Deposits
+	GenesisAccumulationTime   = types.GenesisAccumulationTime
+	GenesisAccumulationTimes  = types.GenesisAccumulationTimes
+	GenesisState              = types.GenesisState
+	HARDHooks                 = types.HARDHooks
+	InterestRateModel         = types.InterestRateModel
+	InterestRateModels        = types.InterestRateModels
+	MoneyMarket               = types.MoneyMarket
+	MoneyMarkets              = types.MoneyMarkets
+	MsgBorrow                 = types.MsgBorrow
+	MsgDeposit                = types.MsgDeposit
+	MsgLiquidate              = types.MsgLiquidate
+	MsgRepay                  = types.MsgRepay
+	MsgWithdraw               = types.MsgWithdraw
+	MultiHARDHooks            = types.MultiHARDHooks
+	Params                    = types.Params
+	PricefeedKeeper           = types.PricefeedKeeper
+	QueryAccountParams        = types.QueryAccountParams
+	QueryBorrowsParams        = types.QueryBorrowsParams
+	QueryDepositsParams       = types.QueryDepositsParams
+	QueryTotalBorrowedParams  = types.QueryTotalBorrowedParams
+	QueryTotalDepositedParams = types.QueryTotalDepositedParams
+	StakingKeeper             = types.StakingKeeper
+	SupplyInterestFactor      = types.SupplyInterestFactor
+	SupplyInterestFactors     = types.SupplyInterestFactors
+	SupplyKeeper              = types.SupplyKeeper
+	ValuationMap              = types.ValuationMap
 )
diff --git a/x/hard/genesis.go b/x/hard/genesis.go
index a5d4dde4..5e7fff3f 100644
--- a/x/hard/genesis.go
+++ b/x/hard/genesis.go
@@ -16,15 +16,28 @@ func InitGenesis(ctx sdk.Context, k Keeper, supplyKeeper types.SupplyKeeper, gs
 
 	k.SetParams(ctx, gs.Params)
 
-	// only set the previous block time if it's different than default
-	if !gs.PreviousBlockTime.Equal(DefaultPreviousBlockTime) {
-		k.SetPreviousBlockTime(ctx, gs.PreviousBlockTime)
-	}
-
 	for _, mm := range gs.Params.MoneyMarkets {
 		k.SetMoneyMarket(ctx, mm.Denom, mm)
 	}
 
+	for _, gat := range gs.PreviousAccumulationTimes {
+		k.SetPreviousAccrualTime(ctx, gat.CollateralType, gat.PreviousAccumulationTime)
+		k.SetSupplyInterestFactor(ctx, gat.CollateralType, gat.SupplyInterestFactor)
+		k.SetBorrowInterestFactor(ctx, gat.CollateralType, gat.BorrowInterestFactor)
+	}
+
+	for _, deposit := range gs.Deposits {
+		k.SetDeposit(ctx, deposit)
+	}
+
+	for _, borrow := range gs.Borrows {
+		k.SetBorrow(ctx, borrow)
+	}
+
+	k.SetSuppliedCoins(ctx, gs.TotalSupplied)
+	k.SetBorrowedCoins(ctx, gs.TotalBorrowed)
+	k.SetTotalReserves(ctx, gs.TotalReserves)
+
 	// check if the module account exists
 	LPModuleAcc := supplyKeeper.GetModuleAccount(ctx, LPAccount)
 	if LPModuleAcc == nil {
@@ -54,9 +67,53 @@ func InitGenesis(ctx sdk.Context, k Keeper, supplyKeeper types.SupplyKeeper, gs
 // ExportGenesis export genesis state for hard module
 func ExportGenesis(ctx sdk.Context, k Keeper) GenesisState {
 	params := k.GetParams(ctx)
-	previousBlockTime, found := k.GetPreviousBlockTime(ctx)
+
+	gats := types.GenesisAccumulationTimes{}
+	deposits := types.Deposits{}
+	borrows := types.Borrows{}
+
+	k.IterateDeposits(ctx, func(d types.Deposit) bool {
+		deposits = append(deposits, d)
+		return false
+	})
+
+	k.IterateBorrows(ctx, func(b types.Borrow) bool {
+		borrows = append(borrows, b)
+		return false
+	})
+
+	totalSupplied, found := k.GetSuppliedCoins(ctx)
 	if !found {
-		previousBlockTime = DefaultPreviousBlockTime
+		totalSupplied = DefaultTotalSupplied
 	}
-	return NewGenesisState(params, previousBlockTime)
+	totalBorrowed, found := k.GetBorrowedCoins(ctx)
+	if !found {
+		totalBorrowed = DefaultTotalBorrowed
+	}
+	totalReserves, found := k.GetTotalReserves(ctx)
+	if !found {
+		totalReserves = DefaultTotalReserves
+	}
+
+	for _, mm := range params.MoneyMarkets {
+		supplyFactor, f := k.GetSupplyInterestFactor(ctx, mm.Denom)
+		if !f {
+			supplyFactor = sdk.ZeroDec()
+		}
+		borrowFactor, f := k.GetBorrowInterestFactor(ctx, mm.Denom)
+		if !f {
+			borrowFactor = sdk.ZeroDec()
+		}
+		previousAccrualTime, f := k.GetPreviousAccrualTime(ctx, mm.Denom)
+		if !f {
+			previousAccrualTime = ctx.BlockTime()
+		}
+		gat := types.NewGenesisAccumulationTime(mm.Denom, previousAccrualTime, supplyFactor, borrowFactor)
+		gats = append(gats, gat)
+
+	}
+	return NewGenesisState(
+		params, gats, deposits, borrows,
+		totalSupplied, totalBorrowed, totalReserves,
+	)
 }
diff --git a/x/hard/keeper/borrow_test.go b/x/hard/keeper/borrow_test.go
index cff74fda..150c1c45 100644
--- a/x/hard/keeper/borrow_test.go
+++ b/x/hard/keeper/borrow_test.go
@@ -261,7 +261,6 @@ func (suite *KeeperTestSuite) TestBorrow() {
 
 			// hard module genesis state
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("usdx", types.NewBorrowLimit(true, tc.args.usdxBorrowLimit, sdk.MustNewDecFromStr("1")), "usdx:usd", sdk.NewInt(USDX_CF), sdk.NewInt(USDX_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 					types.NewMoneyMarket("busd", types.NewBorrowLimit(false, sdk.NewDec(100000000*BUSD_CF), sdk.MustNewDecFromStr("1")), "busd:usd", sdk.NewInt(BUSD_CF), sdk.NewInt(BUSD_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
@@ -271,7 +270,9 @@ func (suite *KeeperTestSuite) TestBorrow() {
 					types.NewMoneyMarket("xyz", types.NewBorrowLimit(false, sdk.NewDec(1), tc.args.loanToValueBNB), "xyz:usd", sdk.NewInt(1), sdk.NewInt(1), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 				},
 				0, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
diff --git a/x/hard/keeper/deposit_test.go b/x/hard/keeper/deposit_test.go
index 0a361c91..de34fc23 100644
--- a/x/hard/keeper/deposit_test.go
+++ b/x/hard/keeper/deposit_test.go
@@ -105,7 +105,6 @@ func (suite *KeeperTestSuite) TestDeposit() {
 			authGS := app.NewAuthGenState([]sdk.AccAddress{tc.args.depositor}, []sdk.Coins{sdk.NewCoins(sdk.NewCoin("bnb", sdk.NewInt(1000)), sdk.NewCoin("btcb", sdk.NewInt(1000)))})
 			loanToValue, _ := sdk.NewDecFromStr("0.6")
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("usdx", types.NewBorrowLimit(false, sdk.NewDec(1000000000000000), loanToValue), "usdx:usd", sdk.NewInt(1000000), sdk.NewInt(USDX_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 					types.NewMoneyMarket("ukava", types.NewBorrowLimit(false, sdk.NewDec(1000000000000000), loanToValue), "kava:usd", sdk.NewInt(1000000), sdk.NewInt(KAVA_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
@@ -113,7 +112,9 @@ func (suite *KeeperTestSuite) TestDeposit() {
 					types.NewMoneyMarket("btcb", types.NewBorrowLimit(false, sdk.NewDec(1000000000000000), loanToValue), "btcb:usd", sdk.NewInt(1000000), sdk.NewInt(BTCB_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 				},
 				0, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
diff --git a/x/hard/keeper/interest.go b/x/hard/keeper/interest.go
index b527754f..3a192120 100644
--- a/x/hard/keeper/interest.go
+++ b/x/hard/keeper/interest.go
@@ -78,10 +78,10 @@ func (k Keeper) AccrueInterest(ctx sdk.Context, denom string) error {
 		borrowedPrior = sdk.NewCoin(denom, borrowedCoinsPrior.AmountOf(denom))
 	}
 
-	reservesPrior, foundReservesPrior := k.GetTotalReserves(ctx, denom)
+	reservesPrior, foundReservesPrior := k.GetTotalReserves(ctx)
 	if !foundReservesPrior {
-		newReservesPrior := sdk.NewCoin(denom, sdk.ZeroInt())
-		k.SetTotalReserves(ctx, denom, newReservesPrior)
+		newReservesPrior := sdk.NewCoins()
+		k.SetTotalReserves(ctx, newReservesPrior)
 		reservesPrior = newReservesPrior
 	}
 
@@ -106,7 +106,7 @@ func (k Keeper) AccrueInterest(ctx sdk.Context, denom string) error {
 	}
 
 	// GetBorrowRate calculates the current interest rate based on utilization (the fraction of supply that has been borrowed)
-	borrowRateApy, err := CalculateBorrowRate(mm.InterestRateModel, sdk.NewDecFromInt(cashPrior), sdk.NewDecFromInt(borrowedPrior.Amount), sdk.NewDecFromInt(reservesPrior.Amount))
+	borrowRateApy, err := CalculateBorrowRate(mm.InterestRateModel, sdk.NewDecFromInt(cashPrior), sdk.NewDecFromInt(borrowedPrior.Amount), sdk.NewDecFromInt(reservesPrior.AmountOf(denom)))
 	if err != nil {
 		return err
 	}
@@ -127,14 +127,14 @@ func (k Keeper) AccrueInterest(ctx sdk.Context, denom string) error {
 
 	// Calculate supply interest factor and update
 	supplyInterestNew := interestBorrowAccumulated.Sub(reservesNew)
-	supplyInterestFactor := CalculateSupplyInterestFactor(supplyInterestNew.ToDec(), cashPrior.ToDec(), borrowedPrior.Amount.ToDec(), reservesPrior.Amount.ToDec())
+	supplyInterestFactor := CalculateSupplyInterestFactor(supplyInterestNew.ToDec(), cashPrior.ToDec(), borrowedPrior.Amount.ToDec(), reservesPrior.AmountOf(denom).ToDec())
 	supplyInterestFactorNew := supplyInterestFactorPrior.Mul(supplyInterestFactor)
 	k.SetSupplyInterestFactor(ctx, denom, supplyInterestFactorNew)
 
 	// Update accural keys in store
 	k.IncrementBorrowedCoins(ctx, totalBorrowInterestAccumulated)
 	k.IncrementSuppliedCoins(ctx, sdk.NewCoins(sdk.NewCoin(denom, supplyInterestNew)))
-	k.SetTotalReserves(ctx, denom, reservesPrior.Add(sdk.NewCoin(mm.Denom, reservesNew)))
+	k.SetTotalReserves(ctx, reservesPrior.Add(sdk.NewCoin(denom, reservesNew)))
 	k.SetPreviousAccrualTime(ctx, denom, ctx.BlockTime())
 
 	return nil
diff --git a/x/hard/keeper/interest_test.go b/x/hard/keeper/interest_test.go
index 1760c549..8ed31d49 100644
--- a/x/hard/keeper/interest_test.go
+++ b/x/hard/keeper/interest_test.go
@@ -711,7 +711,6 @@ func (suite *KeeperTestSuite) TestBorrowInterest() {
 
 			// Hard module genesis state
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("ukava",
 						types.NewBorrowLimit(false, sdk.NewDec(100000000*KAVA_CF), sdk.MustNewDecFromStr("0.8")), // Borrow Limit
@@ -723,7 +722,9 @@ func (suite *KeeperTestSuite) TestBorrowInterest() {
 						sdk.ZeroDec()),            // Keeper Reward Percentage
 				},
 				0, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
@@ -788,16 +789,16 @@ func (suite *KeeperTestSuite) TestBorrowInterest() {
 				suite.Require().True(borrowCoinsPriorFound)
 				borrowCoinPriorAmount := borrowCoinsPrior.AmountOf(tc.args.borrowCoinDenom)
 
-				reservesPrior, foundReservesPrior := suite.keeper.GetTotalReserves(prevCtx, tc.args.borrowCoinDenom)
+				reservesPrior, foundReservesPrior := suite.keeper.GetTotalReserves(prevCtx)
 				if !foundReservesPrior {
-					reservesPrior = sdk.NewCoin(tc.args.borrowCoinDenom, sdk.ZeroInt())
+					reservesPrior = sdk.NewCoins(sdk.NewCoin(tc.args.borrowCoinDenom, sdk.ZeroInt()))
 				}
 
 				interestFactorPrior, foundInterestFactorPrior := suite.keeper.GetBorrowInterestFactor(prevCtx, tc.args.borrowCoinDenom)
 				suite.Require().True(foundInterestFactorPrior)
 
 				// 2. Calculate expected interest owed
-				borrowRateApy, err := hard.CalculateBorrowRate(tc.args.interestRateModel, sdk.NewDecFromInt(cashPrior), sdk.NewDecFromInt(borrowCoinPriorAmount), sdk.NewDecFromInt(reservesPrior.Amount))
+				borrowRateApy, err := hard.CalculateBorrowRate(tc.args.interestRateModel, sdk.NewDecFromInt(cashPrior), sdk.NewDecFromInt(borrowCoinPriorAmount), sdk.NewDecFromInt(reservesPrior.AmountOf(tc.args.borrowCoinDenom)))
 				suite.Require().NoError(err)
 
 				// Convert from APY to SPY, expressed as (1 + borrow rate)
@@ -821,7 +822,7 @@ func (suite *KeeperTestSuite) TestBorrowInterest() {
 				suite.Require().Equal(expectedBorrowedCoins, currBorrowedCoins.AmountOf(tc.args.borrowCoinDenom))
 
 				// Check that the total reserves have changed as expected
-				currTotalReserves, _ := suite.keeper.GetTotalReserves(snapshotCtx, tc.args.borrowCoinDenom)
+				currTotalReserves, _ := suite.keeper.GetTotalReserves(snapshotCtx)
 				suite.Require().Equal(expectedReserves, currTotalReserves)
 
 				// Check that the borrow index has increased as expected
@@ -1118,7 +1119,6 @@ func (suite *KeeperTestSuite) TestSupplyInterest() {
 
 			// Hard module genesis state
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("ukava",
 						types.NewBorrowLimit(false, sdk.NewDec(100000000*KAVA_CF), sdk.MustNewDecFromStr("0.8")), // Borrow Limit
@@ -1138,7 +1138,9 @@ func (suite *KeeperTestSuite) TestSupplyInterest() {
 						sdk.ZeroDec()),            // Keeper Reward Percentage
 				},
 				0, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
@@ -1210,9 +1212,9 @@ func (suite *KeeperTestSuite) TestSupplyInterest() {
 					suite.Require().True(supplyCoinsPriorFound)
 					supplyCoinPriorAmount = supplyCoinsPrior.AmountOf(coinDenom)
 
-					reservesPrior, foundReservesPrior := suite.keeper.GetTotalReserves(prevCtx, coinDenom)
+					reservesPrior, foundReservesPrior := suite.keeper.GetTotalReserves(prevCtx)
 					if !foundReservesPrior {
-						reservesPrior = sdk.NewCoin(coinDenom, sdk.ZeroInt())
+						reservesPrior = sdk.NewCoins(sdk.NewCoin(coinDenom, sdk.ZeroInt()))
 					}
 
 					borrowInterestFactorPrior, foundBorrowInterestFactorPrior := suite.keeper.GetBorrowInterestFactor(prevCtx, coinDenom)
@@ -1222,7 +1224,7 @@ func (suite *KeeperTestSuite) TestSupplyInterest() {
 					suite.Require().True(foundSupplyInterestFactorPrior)
 
 					// 2. Calculate expected borrow interest owed
-					borrowRateApy, err := hard.CalculateBorrowRate(tc.args.interestRateModel, sdk.NewDecFromInt(cashPrior), sdk.NewDecFromInt(borrowCoinPriorAmount), sdk.NewDecFromInt(reservesPrior.Amount))
+					borrowRateApy, err := hard.CalculateBorrowRate(tc.args.interestRateModel, sdk.NewDecFromInt(cashPrior), sdk.NewDecFromInt(borrowCoinPriorAmount), sdk.NewDecFromInt(reservesPrior.AmountOf(coinDenom)))
 					suite.Require().NoError(err)
 
 					// Convert from APY to SPY, expressed as (1 + borrow rate)
@@ -1232,12 +1234,12 @@ func (suite *KeeperTestSuite) TestSupplyInterest() {
 					newBorrowInterestFactor := hard.CalculateBorrowInterestFactor(borrowRateSpy, sdk.NewInt(snapshot.elapsedTime))
 					expectedBorrowInterest := (newBorrowInterestFactor.Mul(sdk.NewDecFromInt(borrowCoinPriorAmount)).TruncateInt()).Sub(borrowCoinPriorAmount)
 					expectedReserves := reservesPrior.Add(sdk.NewCoin(coinDenom, sdk.NewDecFromInt(expectedBorrowInterest).Mul(tc.args.reserveFactor).TruncateInt())).Sub(reservesPrior)
-					expectedTotalReserves := expectedReserves.Add(reservesPrior)
+					expectedTotalReserves := expectedReserves.Add(reservesPrior...)
 
 					expectedBorrowInterestFactor := borrowInterestFactorPrior.Mul(newBorrowInterestFactor)
-					expectedSupplyInterest := expectedBorrowInterest.Sub(expectedReserves.Amount)
+					expectedSupplyInterest := expectedBorrowInterest.Sub(expectedReserves.AmountOf(coinDenom))
 
-					newSupplyInterestFactor := hard.CalculateSupplyInterestFactor(expectedSupplyInterest.ToDec(), sdk.NewDecFromInt(cashPrior), sdk.NewDecFromInt(borrowCoinPriorAmount), sdk.NewDecFromInt(reservesPrior.Amount))
+					newSupplyInterestFactor := hard.CalculateSupplyInterestFactor(expectedSupplyInterest.ToDec(), sdk.NewDecFromInt(cashPrior), sdk.NewDecFromInt(borrowCoinPriorAmount), sdk.NewDecFromInt(reservesPrior.AmountOf(coinDenom)))
 					expectedSupplyInterestFactor := supplyInterestFactorPrior.Mul(newSupplyInterestFactor)
 					// -------------------------------------------------------------------------------------
 
@@ -1248,7 +1250,7 @@ func (suite *KeeperTestSuite) TestSupplyInterest() {
 
 					borrowInterestFactor, _ := suite.keeper.GetBorrowInterestFactor(ctx, coinDenom)
 					suite.Require().Equal(expectedBorrowInterestFactor, borrowInterestFactor)
-					suite.Require().Equal(expectedBorrowInterest, expectedSupplyInterest.Add(expectedReserves.Amount))
+					suite.Require().Equal(expectedBorrowInterest, expectedSupplyInterest.Add(expectedReserves.AmountOf(coinDenom)))
 
 					// Check that the total amount of borrowed coins has increased by expected borrow interest amount
 					borrowCoinsPost, _ := suite.keeper.GetBorrowedCoins(snapshotCtx)
@@ -1261,8 +1263,11 @@ func (suite *KeeperTestSuite) TestSupplyInterest() {
 					suite.Require().Equal(supplyCoinPostAmount, supplyCoinPriorAmount.Add(expectedSupplyInterest))
 
 					// Check current total reserves
-					totalReserves, _ := suite.keeper.GetTotalReserves(snapshotCtx, coinDenom)
-					suite.Require().Equal(expectedTotalReserves, totalReserves)
+					totalReserves, _ := suite.keeper.GetTotalReserves(snapshotCtx)
+					suite.Require().Equal(
+						sdk.NewCoin(coinDenom, expectedTotalReserves.AmountOf(coinDenom)),
+						sdk.NewCoin(coinDenom, totalReserves.AmountOf(coinDenom)),
+					)
 
 					// Check that the supply index has increased as expected
 					currSupplyIndexPrior, _ := suite.keeper.GetSupplyInterestFactor(snapshotCtx, coinDenom)
diff --git a/x/hard/keeper/keeper.go b/x/hard/keeper/keeper.go
index cbf83fca..fdb5f870 100644
--- a/x/hard/keeper/keeper.go
+++ b/x/hard/keeper/keeper.go
@@ -272,22 +272,27 @@ func (k Keeper) SetPreviousAccrualTime(ctx sdk.Context, denom string, previousAc
 }
 
 // GetTotalReserves returns the total reserves for an individual market
-func (k Keeper) GetTotalReserves(ctx sdk.Context, denom string) (sdk.Coin, bool) {
+func (k Keeper) GetTotalReserves(ctx sdk.Context) (sdk.Coins, bool) {
 	store := prefix.NewStore(ctx.KVStore(k.key), types.TotalReservesPrefix)
-	bz := store.Get([]byte(denom))
+	bz := store.Get([]byte{})
 	if bz == nil {
-		return sdk.Coin{}, false
+		return sdk.Coins{}, false
 	}
-	var totalReserves sdk.Coin
+	var totalReserves sdk.Coins
 	k.cdc.MustUnmarshalBinaryBare(bz, &totalReserves)
 	return totalReserves, true
 }
 
 // SetTotalReserves sets the total reserves for an individual market
-func (k Keeper) SetTotalReserves(ctx sdk.Context, denom string, coin sdk.Coin) {
+func (k Keeper) SetTotalReserves(ctx sdk.Context, coins sdk.Coins) {
+
 	store := prefix.NewStore(ctx.KVStore(k.key), types.TotalReservesPrefix)
-	bz := k.cdc.MustMarshalBinaryBare(coin)
-	store.Set([]byte(denom), bz)
+	if coins.Empty() {
+		store.Set([]byte{}, []byte{})
+		return
+	}
+	bz := k.cdc.MustMarshalBinaryBare(coins)
+	store.Set([]byte{}, bz)
 }
 
 // GetBorrowInterestFactor returns the current borrow interest factor for an individual market
diff --git a/x/hard/keeper/liquidation_test.go b/x/hard/keeper/liquidation_test.go
index af082793..47323dce 100644
--- a/x/hard/keeper/liquidation_test.go
+++ b/x/hard/keeper/liquidation_test.go
@@ -122,7 +122,6 @@ func (suite *KeeperTestSuite) TestIndexLiquidation() {
 
 			// Hard module genesis state
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("usdx",
 						types.NewBorrowLimit(false, sdk.NewDec(100000000*KAVA_CF), sdk.MustNewDecFromStr("0.9")), // Borrow Limit
@@ -182,7 +181,9 @@ func (suite *KeeperTestSuite) TestIndexLiquidation() {
 						sdk.MustNewDecFromStr("0.05")), // Keeper Reward Percent
 				},
 				tc.args.ltvIndexCount, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
@@ -534,7 +535,6 @@ func (suite *KeeperTestSuite) TestFullIndexLiquidation() {
 
 			// Hard module genesis state
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("usdx",
 						types.NewBorrowLimit(false, sdk.NewDec(100000000*KAVA_CF), sdk.MustNewDecFromStr("0.9")), // Borrow Limit
@@ -554,7 +554,9 @@ func (suite *KeeperTestSuite) TestFullIndexLiquidation() {
 						sdk.MustNewDecFromStr("0.05")), // Keeper Reward Percent
 				},
 				tc.args.ltvIndexCount, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
@@ -1157,7 +1159,6 @@ func (suite *KeeperTestSuite) TestKeeperLiquidation() {
 
 			// Hard module genesis state
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("usdx",
 						types.NewBorrowLimit(false, sdk.NewDec(100000000*KAVA_CF), sdk.MustNewDecFromStr("0.9")), // Borrow Limit
@@ -1217,7 +1218,9 @@ func (suite *KeeperTestSuite) TestKeeperLiquidation() {
 						tc.args.keeperRewardPercent), // Keeper Reward Percent
 				},
 				0, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
diff --git a/x/hard/keeper/repay_test.go b/x/hard/keeper/repay_test.go
index 433d776a..0facae5b 100644
--- a/x/hard/keeper/repay_test.go
+++ b/x/hard/keeper/repay_test.go
@@ -137,7 +137,6 @@ func (suite *KeeperTestSuite) TestRepay() {
 
 			// Hard module genesis state
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("usdx",
 						types.NewBorrowLimit(false, sdk.NewDec(100000000*USDX_CF), sdk.MustNewDecFromStr("1")), // Borrow Limit
@@ -157,7 +156,9 @@ func (suite *KeeperTestSuite) TestRepay() {
 						sdk.MustNewDecFromStr("0.05")), // Keeper Reward Percent
 				},
 				0, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
diff --git a/x/hard/keeper/timelock_test.go b/x/hard/keeper/timelock_test.go
index e6513cf1..47c413a7 100644
--- a/x/hard/keeper/timelock_test.go
+++ b/x/hard/keeper/timelock_test.go
@@ -281,13 +281,14 @@ func (suite *KeeperTestSuite) TestSendTimeLockedCoinsToAccount() {
 			authGS := app.NewAuthGenState([]sdk.AccAddress{tc.args.accArgs.addr}, []sdk.Coins{tc.args.accArgs.coins})
 			loanToValue := sdk.MustNewDecFromStr("0.6")
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("usdx", types.NewBorrowLimit(false, sdk.NewDec(1000000000000000), loanToValue), "usdx:usd", sdk.NewInt(1000000), sdk.NewInt(USDX_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 					types.NewMoneyMarket("ukava", types.NewBorrowLimit(false, sdk.NewDec(1000000000000000), loanToValue), "kava:usd", sdk.NewInt(1000000), sdk.NewInt(KAVA_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 				},
 				0, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 			tApp.InitializeFromGenesisStates(authGS, app.GenesisState{types.ModuleName: types.ModuleCdc.MustMarshalJSON(hardGS)})
 			if tc.args.accArgs.vestingAccountBefore {
 				ak := tApp.GetAccountKeeper()
diff --git a/x/hard/keeper/withdraw_test.go b/x/hard/keeper/withdraw_test.go
index f25d0ded..d4be9d5c 100644
--- a/x/hard/keeper/withdraw_test.go
+++ b/x/hard/keeper/withdraw_test.go
@@ -124,14 +124,15 @@ func (suite *KeeperTestSuite) TestWithdraw() {
 
 			loanToValue := sdk.MustNewDecFromStr("0.6")
 			hardGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("usdx", types.NewBorrowLimit(false, sdk.NewDec(1000000000000000), loanToValue), "usdx:usd", sdk.NewInt(1000000), sdk.NewInt(USDX_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 					types.NewMoneyMarket("ukava", types.NewBorrowLimit(false, sdk.NewDec(1000000000000000), loanToValue), "kava:usd", sdk.NewInt(1000000), sdk.NewInt(KAVA_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 					types.NewMoneyMarket("bnb", types.NewBorrowLimit(false, sdk.NewDec(1000000000000000), loanToValue), "bnb:usd", sdk.NewInt(100000000), sdk.NewInt(BNB_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 				},
 				0, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
@@ -264,7 +265,6 @@ func (suite *KeeperTestSuite) TestLtvWithdraw() {
 
 			// Harvest module genesis state
 			harvestGS := types.NewGenesisState(types.NewParams(
-				true,
 				types.MoneyMarkets{
 					types.NewMoneyMarket("ukava",
 						types.NewBorrowLimit(false, sdk.NewDec(100000000*KAVA_CF), sdk.MustNewDecFromStr("0.8")), // Borrow Limit
@@ -284,7 +284,9 @@ func (suite *KeeperTestSuite) TestLtvWithdraw() {
 						sdk.MustNewDecFromStr("0.05")), // Keeper Reward Percent
 				},
 				0, // LTV counter
-			), types.DefaultPreviousBlockTime)
+			), types.DefaultAccumulationTimes, types.DefaultDeposits, types.DefaultBorrows,
+				types.DefaultTotalSupplied, types.DefaultTotalBorrowed, types.DefaultTotalReserves,
+			)
 
 			// Pricefeed module genesis state
 			pricefeedGS := pricefeed.GenesisState{
diff --git a/x/hard/types/borrow.go b/x/hard/types/borrow.go
index 5cf262e4..81251252 100644
--- a/x/hard/types/borrow.go
+++ b/x/hard/types/borrow.go
@@ -1,6 +1,9 @@
 package types
 
 import (
+	"fmt"
+	"strings"
+
 	sdk "github.com/cosmos/cosmos-sdk/types"
 )
 
@@ -20,9 +23,49 @@ func NewBorrow(borrower sdk.AccAddress, amount sdk.Coins, index BorrowInterestFa
 	}
 }
 
+// Validate deposit validation
+func (b Borrow) Validate() error {
+	if b.Borrower.Empty() {
+		return fmt.Errorf("Depositor cannot be empty")
+	}
+	if !b.Amount.IsValid() {
+		return fmt.Errorf("Invalid deposit coins: %s", b.Amount)
+	}
+
+	if err := b.Index.Validate(); err != nil {
+		return err
+	}
+
+	return nil
+}
+
+func (b Borrow) String() string {
+	return fmt.Sprintf(`Deposit:
+	Borrower: %s
+	Amount: %s
+	Index: %s
+	`, b.Borrower, b.Amount, b.Index)
+}
+
 // Borrows is a slice of Borrow
 type Borrows []Borrow
 
+// Validate validates Borrows
+func (bs Borrows) Validate() error {
+	borrowDupMap := make(map[string]Borrow)
+	for _, b := range bs {
+		if err := b.Validate(); err != nil {
+			return err
+		}
+		dup, ok := borrowDupMap[b.Borrower.String()]
+		if ok {
+			return fmt.Errorf("duplicate borrower: %s\n%s", b, dup)
+		}
+		borrowDupMap[b.Borrower.String()] = b
+	}
+	return nil
+}
+
 // BorrowInterestFactor defines an individual borrow interest factor
 type BorrowInterestFactor struct {
 	Denom string  `json:"denom" yaml:"denom"`
@@ -37,5 +80,40 @@ func NewBorrowInterestFactor(denom string, value sdk.Dec) BorrowInterestFactor {
 	}
 }
 
+// Validate validates BorrowInterestFactor values
+func (bif BorrowInterestFactor) Validate() error {
+	if strings.TrimSpace(bif.Denom) == "" {
+		return fmt.Errorf("borrow interest factor denom cannot be empty")
+	}
+	if bif.Value.IsNegative() {
+		return fmt.Errorf("borrow interest factor value cannot be negative: %s", bif)
+
+	}
+	return nil
+}
+
+func (bif BorrowInterestFactor) String() string {
+	return fmt.Sprintf(`[%s,%s]
+	`, bif.Denom, bif.Value)
+}
+
 // BorrowInterestFactors is a slice of BorrowInterestFactor, because Amino won't marshal maps
 type BorrowInterestFactors []BorrowInterestFactor
+
+// Validate validates BorrowInterestFactors
+func (bifs BorrowInterestFactors) Validate() error {
+	for _, bif := range bifs {
+		if err := bif.Validate(); err != nil {
+			return err
+		}
+	}
+	return nil
+}
+
+func (bifs BorrowInterestFactors) String() string {
+	out := ""
+	for _, bif := range bifs {
+		out += bif.String()
+	}
+	return out
+}
diff --git a/x/hard/types/deposit.go b/x/hard/types/deposit.go
index e9b465b1..7fa3e38a 100644
--- a/x/hard/types/deposit.go
+++ b/x/hard/types/deposit.go
@@ -1,6 +1,9 @@
 package types
 
 import (
+	"fmt"
+	"strings"
+
 	sdk "github.com/cosmos/cosmos-sdk/types"
 )
 
@@ -20,9 +23,49 @@ func NewDeposit(depositor sdk.AccAddress, amount sdk.Coins, indexes SupplyIntere
 	}
 }
 
+// Validate deposit validation
+func (d Deposit) Validate() error {
+	if d.Depositor.Empty() {
+		return fmt.Errorf("Depositor cannot be empty")
+	}
+	if !d.Amount.IsValid() {
+		return fmt.Errorf("Invalid deposit coins: %s", d.Amount)
+	}
+
+	if err := d.Index.Validate(); err != nil {
+		return err
+	}
+
+	return nil
+}
+
+func (d Deposit) String() string {
+	return fmt.Sprintf(`Deposit:
+	Depositor: %s
+	Amount: %s
+	Index: %s
+	`, d.Depositor, d.Amount, d.Index)
+}
+
 // Deposits is a slice of Deposit
 type Deposits []Deposit
 
+// Validate validates Deposits
+func (ds Deposits) Validate() error {
+	depositDupMap := make(map[string]Deposit)
+	for _, d := range ds {
+		if err := d.Validate(); err != nil {
+			return err
+		}
+		dup, ok := depositDupMap[d.Depositor.String()]
+		if ok {
+			return fmt.Errorf("duplicate depositor: %s\n%s", d, dup)
+		}
+		depositDupMap[d.Depositor.String()] = d
+	}
+	return nil
+}
+
 // SupplyInterestFactor defines an individual borrow interest factor
 type SupplyInterestFactor struct {
 	Denom string  `json:"denom" yaml:"denom"`
@@ -37,5 +80,40 @@ func NewSupplyInterestFactor(denom string, value sdk.Dec) SupplyInterestFactor {
 	}
 }
 
+// Validate validates SupplyInterestFactor values
+func (sif SupplyInterestFactor) Validate() error {
+	if strings.TrimSpace(sif.Denom) == "" {
+		return fmt.Errorf("supply interest factor denom cannot be empty")
+	}
+	if sif.Value.IsNegative() {
+		return fmt.Errorf("supply interest factor value cannot be negative: %s", sif)
+
+	}
+	return nil
+}
+
+func (sif SupplyInterestFactor) String() string {
+	return fmt.Sprintf(`[%s,%s]
+	`, sif.Denom, sif.Value)
+}
+
 // SupplyInterestFactors is a slice of SupplyInterestFactor, because Amino won't marshal maps
 type SupplyInterestFactors []SupplyInterestFactor
+
+// Validate validates SupplyInterestFactors
+func (sifs SupplyInterestFactors) Validate() error {
+	for _, sif := range sifs {
+		if err := sif.Validate(); err != nil {
+			return err
+		}
+	}
+	return nil
+}
+
+func (sifs SupplyInterestFactors) String() string {
+	out := ""
+	for _, sif := range sifs {
+		out += sif.String()
+	}
+	return out
+}
diff --git a/x/hard/types/genesis.go b/x/hard/types/genesis.go
index 303204a9..fbf67acf 100644
--- a/x/hard/types/genesis.go
+++ b/x/hard/types/genesis.go
@@ -5,6 +5,7 @@ import (
 	"fmt"
 	"time"
 
+	sdk "github.com/cosmos/cosmos-sdk/types"
 	tmtime "github.com/tendermint/tendermint/types/time"
 )
 
@@ -15,23 +16,40 @@ var (
 
 // GenesisState is the state that must be provided at genesis.
 type GenesisState struct {
-	Params            Params    `json:"params" yaml:"params"`
-	PreviousBlockTime time.Time `json:"previous_block_time" yaml:"previous_block_time"`
+	Params                    Params                   `json:"params" yaml:"params"`
+	PreviousAccumulationTimes GenesisAccumulationTimes `json:"previous_accumulation_times" yaml:"previous_accumulation_times"`
+	Deposits                  Deposits                 `json:"deposits" yaml:"deposits"`
+	Borrows                   Borrows                  `json:"borrows" yaml:"borrows"`
+	TotalSupplied             sdk.Coins                `json:"total_supplied" yaml:"total_supplied"`
+	TotalBorrowed             sdk.Coins                `json:"total_borrowed" yaml:"total_borrowed"`
+	TotalReserves             sdk.Coins                `json:"total_reserves" yaml:"total_reserves"`
 }
 
 // NewGenesisState returns a new genesis state
-func NewGenesisState(params Params, previousBlockTime time.Time) GenesisState {
+func NewGenesisState(
+	params Params, prevAccumulationTimes GenesisAccumulationTimes, deposits Deposits,
+	borrows Borrows, totalSupplied, totalBorrowed, totalReserves sdk.Coins) GenesisState {
 	return GenesisState{
-		Params:            params,
-		PreviousBlockTime: previousBlockTime,
+		Params:                    params,
+		PreviousAccumulationTimes: prevAccumulationTimes,
+		Deposits:                  deposits,
+		Borrows:                   borrows,
+		TotalSupplied:             totalSupplied,
+		TotalBorrowed:             totalBorrowed,
+		TotalReserves:             totalReserves,
 	}
 }
 
 // DefaultGenesisState returns a default genesis state
 func DefaultGenesisState() GenesisState {
 	return GenesisState{
-		Params:            DefaultParams(),
-		PreviousBlockTime: DefaultPreviousBlockTime,
+		Params:                    DefaultParams(),
+		PreviousAccumulationTimes: DefaultAccumulationTimes,
+		Deposits:                  DefaultDeposits,
+		Borrows:                   DefaultBorrows,
+		TotalSupplied:             DefaultTotalSupplied,
+		TotalBorrowed:             DefaultTotalBorrowed,
+		TotalReserves:             DefaultTotalReserves,
 	}
 }
 
@@ -42,8 +60,24 @@ func (gs GenesisState) Validate() error {
 	if err := gs.Params.Validate(); err != nil {
 		return err
 	}
-	if gs.PreviousBlockTime.Equal(time.Time{}) {
-		return fmt.Errorf("previous block time not set")
+	if err := gs.PreviousAccumulationTimes.Validate(); err != nil {
+		return err
+	}
+	if err := gs.Deposits.Validate(); err != nil {
+		return err
+	}
+	if err := gs.Borrows.Validate(); err != nil {
+		return err
+	}
+
+	if !gs.TotalSupplied.IsValid() {
+		return fmt.Errorf("invalid total supplied coins: %s", gs.TotalSupplied)
+	}
+	if !gs.TotalBorrowed.IsValid() {
+		return fmt.Errorf("invalid total borrowed coins: %s", gs.TotalBorrowed)
+	}
+	if !gs.TotalReserves.IsValid() {
+		return fmt.Errorf("invalid total reserves coins: %s", gs.TotalReserves)
 	}
 	return nil
 }
@@ -59,3 +93,45 @@ func (gs GenesisState) Equal(gs2 GenesisState) bool {
 func (gs GenesisState) IsEmpty() bool {
 	return gs.Equal(GenesisState{})
 }
+
+// GenesisAccumulationTime stores the previous distribution time and its corresponding denom
+type GenesisAccumulationTime struct {
+	CollateralType           string    `json:"collateral_type" yaml:"collateral_type"`
+	PreviousAccumulationTime time.Time `json:"previous_accumulation_time" yaml:"previous_accumulation_time"`
+	SupplyInterestFactor     sdk.Dec   `json:"supply_interest_factor" yaml:"supply_interest_factor"`
+	BorrowInterestFactor     sdk.Dec   `json:"borrow_interest_factor" yaml:"borrow_interest_factor"`
+}
+
+// NewGenesisAccumulationTime returns a new GenesisAccumulationTime
+func NewGenesisAccumulationTime(ctype string, prevTime time.Time, supplyFactor, borrowFactor sdk.Dec) GenesisAccumulationTime {
+	return GenesisAccumulationTime{
+		CollateralType:           ctype,
+		PreviousAccumulationTime: prevTime,
+		SupplyInterestFactor:     supplyFactor,
+		BorrowInterestFactor:     borrowFactor,
+	}
+}
+
+// GenesisAccumulationTimes slice of GenesisAccumulationTime
+type GenesisAccumulationTimes []GenesisAccumulationTime
+
+// Validate performs validation of GenesisAccumulationTimes
+func (gats GenesisAccumulationTimes) Validate() error {
+	for _, gat := range gats {
+		if err := gat.Validate(); err != nil {
+			return err
+		}
+	}
+	return nil
+}
+
+// Validate performs validation of GenesisAccumulationTime
+func (gat GenesisAccumulationTime) Validate() error {
+	if gat.SupplyInterestFactor.LT(sdk.OneDec()) {
+		return fmt.Errorf("supply interest factor should be ≥ 1.0, is %s for %s", gat.SupplyInterestFactor, gat.CollateralType)
+	}
+	if gat.BorrowInterestFactor.LT(sdk.OneDec()) {
+		return fmt.Errorf("borrow interest factor should be ≥ 1.0, is %s for %s", gat.BorrowInterestFactor, gat.CollateralType)
+	}
+	return nil
+}
diff --git a/x/hard/types/genesis_test.go b/x/hard/types/genesis_test.go
index bbf00057..b9db4e1b 100644
--- a/x/hard/types/genesis_test.go
+++ b/x/hard/types/genesis_test.go
@@ -7,9 +7,19 @@ import (
 
 	"github.com/stretchr/testify/suite"
 
+	sdk "github.com/cosmos/cosmos-sdk/types"
+
 	"github.com/kava-labs/kava/x/hard/types"
 )
 
+const (
+	USDX_CF = 1000000
+	KAVA_CF = 1000000
+	BTCB_CF = 100000000
+	BNB_CF  = 100000000
+	BUSD_CF = 100000000
+)
+
 type GenesisTestSuite struct {
 	suite.Suite
 }
@@ -17,7 +27,12 @@ type GenesisTestSuite struct {
 func (suite *GenesisTestSuite) TestGenesisValidation() {
 	type args struct {
 		params types.Params
-		pbt    time.Time
+		gats   types.GenesisAccumulationTimes
+		deps   types.Deposits
+		brws   types.Borrows
+		ts     sdk.Coins
+		tb     sdk.Coins
+		tr     sdk.Coins
 	}
 	testCases := []struct {
 		name        string
@@ -29,7 +44,12 @@ func (suite *GenesisTestSuite) TestGenesisValidation() {
 			name: "default",
 			args: args{
 				params: types.DefaultParams(),
-				pbt:    types.DefaultPreviousBlockTime,
+				gats:   types.DefaultAccumulationTimes,
+				deps:   types.DefaultDeposits,
+				brws:   types.DefaultBorrows,
+				ts:     types.DefaultTotalSupplied,
+				tb:     types.DefaultTotalBorrowed,
+				tr:     types.DefaultTotalReserves,
 			},
 			expectPass:  true,
 			expectedErr: "",
@@ -37,25 +57,28 @@ func (suite *GenesisTestSuite) TestGenesisValidation() {
 		{
 			name: "valid",
 			args: args{
-				params: types.NewParams(true, types.DefaultMoneyMarkets, types.DefaultCheckLtvIndexCount),
-				pbt:    time.Date(2020, 10, 8, 12, 0, 0, 0, time.UTC),
+				params: types.NewParams(
+					types.MoneyMarkets{
+						types.NewMoneyMarket("usdx", types.NewBorrowLimit(true, sdk.MustNewDecFromStr("100000000000"), sdk.MustNewDecFromStr("1")), "usdx:usd", sdk.NewInt(USDX_CF), sdk.NewInt(USDX_CF*1000), types.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
+					},
+					10,
+				),
+				gats: types.GenesisAccumulationTimes{
+					types.NewGenesisAccumulationTime("usdx", time.Date(2020, 12, 15, 14, 0, 0, 0, time.UTC), sdk.OneDec(), sdk.OneDec()),
+				},
+				deps: types.DefaultDeposits,
+				brws: types.DefaultBorrows,
+				ts:   sdk.Coins{},
+				tb:   sdk.Coins{},
+				tr:   sdk.Coins{},
 			},
 			expectPass:  true,
 			expectedErr: "",
 		},
-		{
-			name: "invalid previous blocktime",
-			args: args{
-				params: types.NewParams(true, types.DefaultMoneyMarkets, types.DefaultCheckLtvIndexCount),
-				pbt:    time.Time{},
-			},
-			expectPass:  false,
-			expectedErr: "previous block time not set",
-		},
 	}
 	for _, tc := range testCases {
 		suite.Run(tc.name, func() {
-			gs := types.NewGenesisState(tc.args.params, tc.args.pbt)
+			gs := types.NewGenesisState(tc.args.params, tc.args.gats, tc.args.deps, tc.args.brws, tc.args.ts, tc.args.tb, tc.args.tr)
 			err := gs.Validate()
 			if tc.expectPass {
 				suite.NoError(err)
diff --git a/x/hard/types/params.go b/x/hard/types/params.go
index 8739ce94..731dfdba 100644
--- a/x/hard/types/params.go
+++ b/x/hard/types/params.go
@@ -11,18 +11,21 @@ import (
 
 // Parameter keys and default values
 var (
-	KeyActive                 = []byte("Active")
 	KeyMoneyMarkets           = []byte("MoneyMarkets")
 	KeyCheckLtvIndexCount     = []byte("CheckLtvIndexCount")
-	DefaultActive             = true
 	DefaultMoneyMarkets       = MoneyMarkets{}
 	DefaultCheckLtvIndexCount = 10
 	GovDenom                  = cdptypes.DefaultGovDenom
+	DefaultAccumulationTimes  = GenesisAccumulationTimes{}
+	DefaultTotalSupplied      = sdk.Coins{}
+	DefaultTotalBorrowed      = sdk.Coins{}
+	DefaultTotalReserves      = sdk.Coins{}
+	DefaultDeposits           = Deposits{}
+	DefaultBorrows            = Borrows{}
 )
 
 // Params governance parameters for hard module
 type Params struct {
-	Active             bool         `json:"active" yaml:"active"`
 	MoneyMarkets       MoneyMarkets `json:"money_markets" yaml:"money_markets"`
 	CheckLtvIndexCount int          `json:"check_ltv_index_count" yaml:"check_ltv_index_count"`
 }
@@ -229,9 +232,8 @@ func (irm InterestRateModel) Equal(irmCompareTo InterestRateModel) bool {
 type InterestRateModels []InterestRateModel
 
 // NewParams returns a new params object
-func NewParams(active bool, moneyMarkets MoneyMarkets, checkLtvIndexCount int) Params {
+func NewParams(moneyMarkets MoneyMarkets, checkLtvIndexCount int) Params {
 	return Params{
-		Active:             active,
 		MoneyMarkets:       moneyMarkets,
 		CheckLtvIndexCount: checkLtvIndexCount,
 	}
@@ -239,16 +241,15 @@ func NewParams(active bool, moneyMarkets MoneyMarkets, checkLtvIndexCount int) P
 
 // DefaultParams returns default params for hard module
 func DefaultParams() Params {
-	return NewParams(DefaultActive, DefaultMoneyMarkets, DefaultCheckLtvIndexCount)
+	return NewParams(DefaultMoneyMarkets, DefaultCheckLtvIndexCount)
 }
 
 // String implements fmt.Stringer
 func (p Params) String() string {
 	return fmt.Sprintf(`Params:
-	Active: %t
 	Money Markets %v
 	Check LTV Index Count: %v`,
-		p.Active, p.MoneyMarkets, p.CheckLtvIndexCount)
+		p.MoneyMarkets, p.CheckLtvIndexCount)
 }
 
 // ParamKeyTable Key declaration for parameters
@@ -259,7 +260,6 @@ func ParamKeyTable() params.KeyTable {
 // ParamSetPairs implements the ParamSet interface and returns all the key/value pairs
 func (p *Params) ParamSetPairs() params.ParamSetPairs {
 	return params.ParamSetPairs{
-		params.NewParamSetPair(KeyActive, &p.Active, validateActiveParam),
 		params.NewParamSetPair(KeyMoneyMarkets, &p.MoneyMarkets, validateMoneyMarketParams),
 		params.NewParamSetPair(KeyCheckLtvIndexCount, &p.CheckLtvIndexCount, validateCheckLtvIndexCount),
 	}
@@ -267,9 +267,6 @@ func (p *Params) ParamSetPairs() params.ParamSetPairs {
 
 // Validate checks that the parameters have valid values.
 func (p Params) Validate() error {
-	if err := validateActiveParam(p.Active); err != nil {
-		return err
-	}
 
 	if err := validateMoneyMarketParams(p.MoneyMarkets); err != nil {
 		return err
@@ -278,15 +275,6 @@ func (p Params) Validate() error {
 	return validateCheckLtvIndexCount(p.CheckLtvIndexCount)
 }
 
-func validateActiveParam(i interface{}) error {
-	_, ok := i.(bool)
-	if !ok {
-		return fmt.Errorf("invalid parameter type: %T", i)
-	}
-
-	return nil
-}
-
 func validateMoneyMarketParams(i interface{}) error {
 	mm, ok := i.(MoneyMarkets)
 	if !ok {
diff --git a/x/hard/types/params_test.go b/x/hard/types/params_test.go
index 3aca53cd..87d51426 100644
--- a/x/hard/types/params_test.go
+++ b/x/hard/types/params_test.go
@@ -17,7 +17,6 @@ func (suite *ParamTestSuite) TestParamValidation() {
 	type args struct {
 		mms        types.MoneyMarkets
 		ltvCounter int
-		active     bool
 	}
 	testCases := []struct {
 		name        string
@@ -27,18 +26,9 @@ func (suite *ParamTestSuite) TestParamValidation() {
 	}{
 		{
 			name: "default",
-			args: args{
-				active: types.DefaultActive,
-			},
-			expectPass:  true,
-			expectedErr: "",
-		},
-		{
-			name: "valid",
 			args: args{
 				mms:        types.DefaultMoneyMarkets,
-				ltvCounter: 10,
-				active:     true,
+				ltvCounter: types.DefaultCheckLtvIndexCount,
 			},
 			expectPass:  true,
 			expectedErr: "",
@@ -46,7 +36,7 @@ func (suite *ParamTestSuite) TestParamValidation() {
 	}
 	for _, tc := range testCases {
 		suite.Run(tc.name, func() {
-			params := types.NewParams(tc.args.active, tc.args.mms, tc.args.ltvCounter)
+			params := types.NewParams(tc.args.mms, tc.args.ltvCounter)
 			err := params.Validate()
 			if tc.expectPass {
 				suite.NoError(err)
diff --git a/x/incentive/keeper/integration_test.go b/x/incentive/keeper/integration_test.go
index 06204b67..71375982 100644
--- a/x/incentive/keeper/integration_test.go
+++ b/x/incentive/keeper/integration_test.go
@@ -157,7 +157,6 @@ func NewHardGenStateMulti() app.GenesisState {
 	borrowLimit := sdk.NewDec(1000000000000000)
 
 	hardGS := hard.NewGenesisState(hard.NewParams(
-		true,
 		hard.MoneyMarkets{
 			hard.NewMoneyMarket("usdx", hard.NewBorrowLimit(false, borrowLimit, loanToValue), "usdx:usd", sdk.NewInt(1000000), sdk.NewInt(USDX_CF*1000), hard.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 			hard.NewMoneyMarket("ukava", hard.NewBorrowLimit(false, borrowLimit, loanToValue), "kava:usd", sdk.NewInt(1000000), sdk.NewInt(KAVA_CF*1000), hard.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
@@ -166,7 +165,9 @@ func NewHardGenStateMulti() app.GenesisState {
 			hard.NewMoneyMarket("xrp", hard.NewBorrowLimit(false, borrowLimit, loanToValue), "xrp:usd", sdk.NewInt(1000000), sdk.NewInt(BTCB_CF*1000), hard.NewInterestRateModel(sdk.MustNewDecFromStr("0.05"), sdk.MustNewDecFromStr("2"), sdk.MustNewDecFromStr("0.8"), sdk.MustNewDecFromStr("10")), sdk.MustNewDecFromStr("0.05"), sdk.ZeroDec()),
 		},
 		0, // LTV counter
-	), hard.DefaultPreviousBlockTime)
+	), hard.DefaultAccumulationTimes, hard.DefaultDeposits, hard.DefaultBorrows,
+		hard.DefaultTotalSupplied, hard.DefaultTotalBorrowed, hard.DefaultTotalReserves,
+	)
 
 	return app.GenesisState{hard.ModuleName: hard.ModuleCdc.MustMarshalJSON(hardGS)}
 }