Hi dear support, when staking atom on kava, rewards are

18% in atom or kava? And is there a Vesting period for rewards withdrawal? Thanks @cryptodaz2

I assume you are talking about supplying Atom to Kava Lend where the current yield is 16.1% (Supply Reward APY) in Kava tokens with a 12 month vesting period plus 0.9%b Supply APY which is added to your bsupplied alance automatically each block in Atom tokens

Yes. Vesting is on the rewards only right? Withdrawing the initial capital is instant? And Vesting cannot be 1 month with a smaller apy ? Thanks

Rewards earned on the Kava web app are subject to a 1-month or 12-month vesting option. You can opt for a 1-month vesting, but you will lose 4/5th of the rewards you could have earned if you opt for a 12-month vesting. And yes, you can withdraw your ATOM from Kava Lend anytime.

Thanks. What is the apy in case of 1 month vesting?

The math should be pretty straightforward: 16.07% (ATOM APY on Lend * 1/5 (1 month vesting APY) = 3.214%

Sorry. Indeed. Thanks a lot. It's ridiculous reward indeed in this case. Better not lending 😅👍

As an alternative it's worth looking at Hover (https://app.hover.market/) on the KavaEVM where you can earn around 20% APY with no vesting period

thanks a lot for your advice. What are the risks there ?

As I told you previously, none of the DeFi products are safe from hacks, etc. Since Hover is a protocol deployed on Kava EVM and developed by an external team, it is worth shooting them questions in their group - https://t.me/Hover_Market

thanks a lot Cameron !

I see you are there too. Since when do you lend there ?

what is the % to borrow USDT or ATOM on kava app lend ? I don't find the figure

since when are you recommending them ? is it possible that the smart contract is a scam ?

I've been using Hover for Atom since they launched, although don't recall when that was (probably 7-10 months ago I would guess) I also have some of my USDt supplied to Hover via Scrub Money who do the supplying/borrowing loop to maximise profits and auto compound for you but Scrub money don't currently offer an atom option

thanks for your answer but how can they provide such 20% ? do you know ?

They will be in a better position to answer, but they certainly receive funding via the Kava Rise program and possibly other grants from Kava

Everyone should conduct research before supplying assets to a protocol. I’m not endorsing anything, but advising you to ask questions in their group, as it is a critical practice in the DeFi space before doing anything with your assets.

ok thanks a lot. Seems they do not have a great support on their channel...

that is why I ask here. Since they are your partner you should know a bit too. By partner I mean working on your platform. I suppose you would not talk about a scammy project to your community 👍 And you have better insight.

If you have questions about supplying assets to an unfamiliar protocol, I would recommend you stay away from it. From my position, I don't tell users what to do with their assets when it comes to interacting with various protocols on Kava EVM. However, I can answer questions about how to participate in the Kava Ecosystem, which includes the in-house protocols (Kava Mint, Kava Lend, Kava Swap) as I collaborate with the team developing these in-house protocols and the Kava web app. Hover is developed by an external team with whom I don't work closely, but we maintain a good relationship with them, and they have an excellent team working behind it.

You mean we should not ask question when we wanna provide assets ?

Ok good to know that you have good relationship with them, thanks

You are free to ask questions here, and other users can perhaps answer them. I simply suggested you join the Hover group to ask them questions in more depth about using their protocol, as some of their team members can come forward to respond to your questions.

Cheeers