Hover, the sustainable yield ecosystem built on Kava EVM in Cosmos amassed over $8 million in deposits for its public sale.
February 22 – London – Hover, the newly launched yield ecosystem on the Kava EVM, has closed its public sale on top crypto launchpad DAO Maker. The token sale was set to raise $1 million and was 800% oversubscribed, with over $8 million deposited. This sale of the $HOV token ran for one week from February 14th to 21st.
Hover is led by Dr. Aileen Dauz and Vincent Wu, who collaborated with Rome Blockchain Labs to develop a lending and yield market that avoids over-emission while maximizing token utility.
Speaking on the problems of early-generation lending markets, Dr. Dauz said, “We understand how critical lending markets are to DeFi ecosystems. Looking under the hood, you learn that their performance is not optimal. Honestly, we’re surprised that many projects have been able to experience as much sustained growth as they have with a heavil
We współpracy z: https://www.thecoinrepublic.com/2024/02/23/hover-a-novel-cosmos-yield-protocol-closes-public-sale-with-800-oversubscription/
