According to data from hubdao.finance, as of 23:00 on September 26, the total value locked (TVL) in HubDAO, a South Korea-based DAO project, reached approximately $13.2162 million. Its TVL ranked around 23rd on DeFiPulse's leaderboard.
HubDAO officially launched its genesis mining on September 23 at 20:00. The first phase of mining features six pools: USDT, HT, GXC, GOF, BNB, and wETH, with each pool receiving weekly incentives of 416,700 HDT tokens.
HubDAO is a South Korean DAO initiative aiming to establish a DAO-type "Decentralized Financial Autonomous Organization," overcoming information asymmetry and fragmented service environments in the DeFi market. It seeks to integrate liquidity across the entire lending market and lower the barriers for users entering DeFi.
