Hover Labs

 Basics

• Founded in:
• Mainnet release:
• Based in:
• A firm that designs and operates proof of stake validators for the Tezos Foundation.
• Harbinger has been developed by Blockscale.

History

• From the announcement of Hover Labs (2-2-2021):

"Luke Youngblood, and his company, Blockscale, are well known for the infrastructure support they provide to the validator community. Keefer Taylor, and company, Tessellated Geometry, run a validator on Tezos and have built a mobile SDK for working with the chain. The pair have collaborated to ship various Tezos infrastructure, notably Harbinger, but have never put a name on the entity. Expanding our happy collective, we’ve also added Ryan Sears — whose company Cali Dog Security has been focusing on building usable and beautiful products, albeit in the security space.

Despite our collective credentials, to date, we have never given a formal name to our effort. Today, we’d like to take the opportunity to officially debut the entity behind Kolibri, Hover Labs. Hover Labs is led by Keefer and Ryan, with Luke joining as an early advisor. Hover Labs is a creator of decentralized products, infrastructure and services, the first of which is the Kolibri Stablecoin."

Token

Stablecoin

• Has the Kolibri stablecoin on Tezos.

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: Tezos

How it works

• From Cointelegraph (26-8-2020):

"Harbinger is based upon Compound’s Open Price Feed, with a few tweaks. It operates with ‘signers’ which are major exchanges such as Coinbase, Binance, Gemini, and OKEx, and ‘posters’ which retrieve prices from the signer and post them to a ‘storage contract’. A ‘normalizer contract’ then calculates a volume weighted average price which is passed on to the dApp or DeFi protocol. Initial versions of these contracts have already been deployed on CarthageNet and Mainnet by the Tezos community.

Harbinger works a little differently to other oracle providers such as Chainlink as the fees required to post price data on-chain can be paid by the staking rewards earned by Tezos holders."

• From a Paradigm biweekly update on Tezos (15-8-2020):

"In Harbinger, an account that pays for fees to update the price oracle can be delegated and pre-funded with tez. This enables the development of self-sustaining price oracles, where the rewards for participating in proof of stake consensus offset the fees required to keep the oracle data current."

Their Projects

Harbinger

• Oracles

Kolibri

• Stablecoin

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].