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January 9th – London – Hover, the non-custodial lending and borrowing protocol from the Kava ecosystem, will launch on DAO Maker on January 16th. The launch and the public sale follow the success of Hover’s increasing APY genesis pool sprint that ran from November to December 2023 and generated over USD 17.5M total value locked across $KAVA, $ATOM, and $USDT pools.
With over 100 successful projects and $42 million raised in its portfolio, DAO Maker is a leader in launching and accelerating web3 startups. Hover’s launch on DAO Maker proves that Hover is in for the long-term game, committing to building trustworthy DeFi solutions. This milestone follows multiple audits and security checks Hover and its partners have undergone to build a secure and reliable platform. As a result, DAO Maker opens Hover to a much broader audience beyond the Kava ecosystem.
“The interest and support of Hover’s Genesis Pools have far exceeded our expectations and given the Hover community an appetite for a successful public sale,” said Aileen Dauz, the Director of Hover. “Launching on DAO Maker is a strategic decision that hopes to bring more trusted partners and supporters looking for long-term DeFi solutions. Through Hover’s public launch, we pledge to build an institutional-grade, secure, and inclusive DeFi solution for everyone.”
The public sale of Hover’s native $HOV token, constituting 6% of $HOV’s total supply, is an invitation for the public to benefit from the unique tokenomics model built by Hover. Unlike numerous non-custodial lending and borrowing platforms, where traders typically seek the most advantageous deals, Hover provides a more balanced and user-centric experience. Hover’s tokenomics model rewards user loyalty and offers six tiers of liquidation and borrowing rebates based on the amount of $HOV staked.
“DAO Maker strives to work with projects that make DeFi more accessible and secure, which is the essence of Hover,” said Chris Zaknun, Co-Founder of DAO Maker. “We are excited to accelerate Hover by launching $HOV on our platform as we see the potential for this project in Kava and beyond.”
Hover aims to raise 1M USD through the public sale, while the team has teased plans for the platform’s further expansion in DeFi with more rewards and loyalty programs for the most engaged users.
About Hover
Hover is a non-custodial lending and borrowing platform on Kava that integrates an innovative approach to lending and borrowing that integrates in-protocol staking rewards, rebates, and a profit-sharing mechanism. Hover’s mission is to create DeFi solutions accessible and democratize lending and borrowing. Hover’s innovative tokenomics model provides enterprise-grade decentralized finance services for individual users and investors. With seven HOV stakers tiers, loyal Hover users receive borrowing and liquidation rebates and participate in the platform’s governance. Those who undergo Hover’s KYC process can also participate in Hover’s profit redistribution program, reaping a share of 33% of Hover’s fees. This new model makes decentralized more accessible and user-owned. At the same time, the 24/7 Hover security team keeps the user funds secure at all times, using real-time qualitative and quantitative financial data to assess risk parameters. Hover uses an algorithmic lending and borrowing model, where all loans are over-collateralized.
Learn more at hover.market.
About DAO Maker
DAO Maker aims to redefine Venture capital by making it accessible to the masses. It develops next-generation digital financial solutions trusted by more than 1M users worldwide and is the Best launchpad with the most KYC-ed users.
Learn more at daomaker.com.