How to Participate in the Genesis Pools
Last updated
Last updated
In order to participate, users must start by supplying KAVA, ATOM, or USDt to Hover's lending pools. Upon supplying, users are given a lending receipt token called an hToken in exchange for their deposit. Users must then deposit the associated hTokens (hKAVA, hATOM, or hUSDt) into the Genesis Pools.
Making the hToken deposit is a very important step. If the user makes the supply deposit but fails to deposit the hTokens into the Genesis Pool, they will not be able to receive the Genesis Pool yield.
Please see this Medium article for a step-by-step guide on how to make a deposit to the Genesis Pools.