Hubble Protocol

We contribute to Hubble Protocol, building $USDH, an overcollateralized stablecoin available to anyone and everyone.

Discord:

[Hubble Protocol @HubbleProtocol]

1/ Today, we are announcing our vision for Hubble 2.0

Hubble will be a fully autonomous, fully immutable CDP stablecoin protocol, with a wide range of collateral assets, automated $HBB buy-backs, more robust peg mechanisms, & more

Here is an early look:
https://t.co/EPGkkQ2xUk

[Hubble Protocol @HubbleProtocol]

Due to increased demand, and to maintain the peg alongside current stablecoin rates, the $USDH Stability Fee has been raised from 10% to 12.5%

[Hubble Protocol @HubbleProtocol]

USDH is live with 5x points

[Kamino @kamino]

$KMNO

Kamino Points Season 1 snapshot will be taken on March 31st, and will culminate in the Genesis Distribution of $KMNO in April

$KMNO Genesis is an important step in establishing the decentralized governance of Kamino Finance🧵

[Hubble Protocol @HubbleProtocol]

@KaminoFinance Boom

[Hubble Protocol @HubbleProtocol]

Due to increased demand, and to maintain the peg alongside current stablecoin rates, the $USDH Stability Fee has been raised from 7.5% to 10%

[Hubble Protocol @HubbleProtocol]

Due to increased demand, and to maintain the peg alongside current stablecoin rates, the $USDH Stability Fee has been raised from 5% to 7.5%

[Hubble Protocol @HubbleProtocol]

10/ This is our initial vision for Hubble 2.0. We want as much input from as many contributors in our ecosystem as possible.

A truly decentralized, autonomous CDP protocol is a core primitive for any DeFi ecosystem - we want your help in building it:

https://t.co/QhS7YgTwtp

[Hubble Protocol @HubbleProtocol]

1/ Today, we are announcing our vision for Hubble 2.0

Hubble will be a fully autonomous, fully immutable CDP stablecoin protocol, with a wide range of collateral assets, automated $HBB buy-backs, more robust peg mechanisms, & more

Here is an early look:
https://t.co/EPGkkQ2xUk

[Hubble Protocol @HubbleProtocol]

9/ So, what happens to $HBB?

Besides being used to bid on the bi-weekly fee pot via Dutch auction, $HBB holders will be able to vote on:

- $HBB grants for builders building on Hubble 2.0 / with $USDH
- $HBB gauges for allocations to $USDH products across Solana DeFi

[Hubble Protocol @HubbleProtocol]

Due to increased demand, and to maintain the peg alongside current stablecoin rates, the $USDH Stability Fee has been raised from 2.5% to 5%

[Hubble Protocol @HubbleProtocol]

The first stage of Hubble 2.0 plans will be revealed this week - introducing brand new mechanics behind $USDH

Keep your eyes peeled and join the Discord for alpha: https://t.co/QhS7YgTwtp

[Hubble Protocol @HubbleProtocol]

$USDH is issued by @HubbleProtocol. It’s minted organically when users don’t want to sell their crypto and want to maintain exposure to the market.

#HODL crypto ➡️ Borrow $USDH

2/

[Hubble Protocol @HubbleProtocol]

At launch, max-LTV was 90.9% for all Hubble loans
However, if System LTV ever went >66.6% = Recovery Mode activated

This meant:
- USDH always had at least 150% crypto-backing
- There was $1.50 for every USDH

It also meant:
- Users with LTVs >66.6% could get liquidated

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