Revolutionizing DeFi: Hover Empowers Cosmosphere's Financial Freedom

As the global financial landscape shifts, decentralized finance (DeFi) is emerging as an alternative to more traditional institutions. In the vibrant Cosmos ecosystem, Hover is becoming the leading protocol for lending needs. With its innovative non-custodial liquidity marketplace, Hover will revolutionize the DeFi landscape, providing a powerful and efficient lending service platform.

Unleash the power of the Kava/Cosmos Cosmosphere

Hover is leveraging the Kava network, a blockchain that seamlessly blends the ubiquity of Ethereum with the extraordinary versatility of the Cosmos SDK. This unique co-chain system enables developers to easily create next-generation blockchain technology and Web3 applications within an already budding ecosystem. Powered by the lightning-fast Tendermint Core consensus engine, the Kava network achieves competitive six-second block times across its globally distributed ledger. The ecosystem has experienced significant growth, attracting hundreds of millions of dollars in TVL despite the challenging period known as the “crypto winter.”

Additionally, Kava is pushing builders to succeed through its groundbreaking on-chain incentive program, Kava Rise, which boasts an impressive $750 million in rewards. This move has catalyzed exponential growth across the ecosystem, with over 100 protocols gaining a foothold on Kava. Through Kava's creative TVL-based on-chain reward system, groundbreaking developers are incentivized to gain as much attention as possible. At the heart of platform security and governance is the integral KAVA token, which ensures block validation, parameter voting, and drives incentives for network expansion. With a visionary co-chain architecture and decentralized governance led by Kava DAO, the Kava/Cosmos ecosystem lays the foundation for an exciting, developer-centric blockchain landscape.

Introduction to Hover

Hover is emerging as a serious contender to Kava and Cosmos as the preferred lending protocol. It will facilitate over-collateralized lending of blue-chip assets that are critical to any DeFi ecosystem. $HOV tokens can be staked to obtain $esHOV, which provides discounts on lending rates and liquidation fees, and allows for governance activities. Users have the option to convert $esHOV to $xHOV, enabling them to earn regular protocol bonuses. In addition to novel token utility, this market will be monitored 24/7 with advanced risk models. Real-time qualitative and quantitative financial data will guide the setting of market risk and interest rate parameters. With its cutting-edge technology, Hover offers a professional money market that aims to set the standard for innovation in the DeFi space.

Enabling the DeFi ecosystem: Hover as a liquidity provider

Hover's vision goes far beyond lending. Its goal is to become the original preferred liquidity partner for a wide range of DeFi, such as options, futures and derivatives platforms in Kava. By providing a stable liquidity market for these protocols, the Hover team has set its sights on improving the efficiency of the entire DeFi ecosystem at Cosmos. Hover facilitates seamless interoperability between various DeFi platforms, aiming to create unprecedented user opportunities and foster a vibrant decentralized financial landscape.

Hover's Global Reach and Vision

Hover is a global business that provides its services to individual investors and institutional users around the world. Built on simplicity and leveraging state-of-the-art technology, Hover aims to change the way people think about on-chain finance.

Hover will launch its groundbreaking non-custodial liquidity marketplace within the Kava ecosystem in Summer 2023. With a strong commitment to providing robust financial services, leveraging advanced token economics, and facilitating seamless interoperability, Hover is poised to become a prominent and influential force in the fast-growing decentralized finance space. Keep an eye on this space as Hover will propel the DeFi industry into an exciting new era.