Hover Redefines the Non-Custodial Liquidity Market with Security and Advanced Trading Bots
The post Hover Redefines the Non-Custodial Liquidity Market with Security and Advanced Trading Bots appeared on BitcoinEthereumNews.com. In the financial world where technological evolution is taking place at a rapid pace, Hover is neck-and-neck with the changing trend. To keep up with the technological changes, and to accommodate those in the realm of decentralized finance, Hover is building new infrastructure. Every new protocol Hover builds sets a new standard or a benchmark in the market. Hover’s non-custodial liquidity market is built on the Kava EVM ecosystem. In particular, Hover empowers users to rise above market volatility by engaging in permissionless lending and borrowing of digital assets without the involvement of an intermediary. As such, it meets both, depositors’ and borrowers’ requirements, in the form of yield and leverage respectively. Once tokens are introduced into the market, depositors can enable collateral which will algorithmically allow a loan to be taken out against that deposit. After a loan is withdrawn, interest begins to accumulate in accordance with the overall demand for that asset. As borrows go up on par with the supplied assets in the pool, interest rates go up. As loans are paid back, rates drop to encourage further borrowing. The Kava Ecosystem Keeps Pushing Limits The Kava ecosystem is unique because it enables cross-chain operations and interoperability that is facilitated through the Cosmos network where the protocol is hosted. The Cosmos feature known as ‘zones’ enables users of the Kava lending protocol to deposit a wide array of non-native cryptocurrencies such as Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies. Furthermore, the ecosystem is powered by a fast Tendermint Proof of Stake mechanism which helps the network achieve an impressive block time of 6 seconds. Network performance has impressed many and made them entrust the network. As such, the Kava network has a Total Value Locked (TVL) of $40B as of today. Kava aims…
The post Hover Redefines the Non-Custodial Liquidity Market with Security and Advanced Trading Bots appeared on BitcoinEthereumNews.com.
In the financial world where technological evolution is taking place at a rapid pace, Hover is neck-and-neck with the changing trend. To keep up with the technological changes, and to accommodate those in the realm of decentralized finance, Hover is building new infrastructure. Every new protocol Hover builds sets a new standard or a benchmark in the market. Hover’s non-custodial liquidity market is built on the Kava EVM ecosystem. In particular, Hover empowers users to rise above market volatility by engaging in permissionless lending and borrowing of digital assets without the involvement of an intermediary. As such, it meets both, depositors’ and borrowers’ requirements, in the form of yield and leverage respectively. Once tokens are introduced into the market, depositors can enable collateral which will algorithmically allow a loan to be taken out against that deposit. After a loan is withdrawn, interest begins to accumulate in accordance with the overall demand for that asset. As borrows go up on par with the supplied assets in the pool, interest rates go up. As loans are paid back, rates drop to encourage further borrowing. The Kava Ecosystem Keeps Pushing Limits The Kava ecosystem is unique because it enables cross-chain operations and interoperability that is facilitated through the Cosmos network where the protocol is hosted. The Cosmos feature known as ‘zones’ enables users of the Kava lending protocol to deposit a wide array of non-native cryptocurrencies such as Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies. Furthermore, the ecosystem is powered by a fast Tendermint Proof of Stake mechanism which helps the network achieve an impressive block time of 6 seconds. Network performance has impressed many and made them entrust the network. As such, the Kava network has a Total Value Locked (TVL) of $40B as of today. Kava aims…
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