Hubble Protocol (HBB) offers decentralized lending, borrowing, and governance with multi-asset collateral on Solana. More
| Fully Diluted Valuation | $816,723 |
|---|---|
| 24H Trading Volume | $330 |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 68.30M |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Categories | Decentralized Finance (DeFi) 6 more |
|---|---|
| Founder | Marius George Ciubotariu |
| Website | hubble-markets.gitbook.io |
| Socials | 1 more |
| Chains | Solana Ecosystem |
| Explorer | Solscan 2 more |
| Contracts |
HBB11....T6XK6
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| Name | Pair | OG Score |
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Hubble Protocol (HBB): Empowering DeFi on Solana
Hubble Protocol, powered by its native token HBB, is redefining decentralized finance (DeFi) on the Solana blockchain. By depositing various assets, users can mint USDH, earn interest on collateral deposits, provide liquidity in the Stability Pool, and participate in in-house liquidations. Staking HBB further enhances the user experience by offering rewards and governance rights within the protocol.
Key Features of Hubble Protocol (HBB):
Multi-Asset Collateral: Users can deposit assets like SOL, BTC, and ETH to borrow up to 90.9% LTV in USDH.
Yield-Generating Borrowing: Borrowers can earn yield on their deposits, maximizing portfolio efficiency.
Stability Pool: Guarantees borrows by using deposited USDH to pay off bad loans, with providers earning the ~10% difference in liquidated assets.
HBB Staking: Users can stake HBB to earn fees from the protocol and participate in governance.
Future Governance Role: HBB will be used to vote on improvement proposals as Hubble DAO's governance token.
Revenue Sharing and Future Growth:
HBB stakers earn 85% of the revenue generated by Hubble Protocol's services.
Initially, revenue comes from the 0.5% fee for minting USDH and redeeming USDH for collateral.
As the protocol expands, HBB stakers will benefit from additional revenue streams.
Founder and Project Lead:
Marius George Ciubotariu has been leading Hubble Protocol since 2021, guiding its growth and development in the DeFi space.
Conclusion
Hubble Protocol (HBB) offers a comprehensive DeFi experience on Solana, with a focus on borrowing, lending, and governance. With its innovative features and revenue-sharing model, Hubble is set to become a prominent player in the DeFi ecosystem, providing users with opportunities to maximize their crypto assets.
Hubble Protocol stands out for its innovative approach to DeFi on Solana, offering multi-asset collateral, yield-generating borrowing, and a revenue-sharing model through HBB staking.
Marius George Ciubotariu is the Project Lead and Founder of Hubble Protocol, driving its development and growth since 2021.
You can buy Hubble (HBB) on Raydium, Orca cryptocurrency exchanges.
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