Hubble Protocol (@HubbleProtocol) / X

Hubble Protocol

22 posts

Hubble Protocol

@HubbleProtocol

We contribute to Hubble Protocol, building $USDH, an overcollateralized stablecoin available to anyone and everyone. Discord: discord.gg/Yt7gNZyGCb

Solana

hubbleprotocol.io/twitter

Joined August 2021

Pinned
Hubble Protocol
@HubbleProtocol
Jan 3, 2024
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:
Introducing Hubble Protocol 2.0
From blog.hubbleprotocol.io
58K
Hubble Protocol
@HubbleProtocol
Mar 25, 2024
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%
16K
Hubble Protocol
@HubbleProtocol
Jan 2, 2024
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: bit.ly/HubbleDiscord
15K
Hubble Protocol
@HubbleProtocol
Mar 7, 2024
USDH is live with 5x points
Kamino
@kamino
Mar 7, 2024
$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🧵
16K
Hubble Protocol
@HubbleProtocol
Feb 26, 2024
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%
10K
Hubble Protocol
@HubbleProtocol
Feb 19, 2024
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%
8.2K
Hubble Protocol
@HubbleProtocol
Jan 3, 2024
Replying to @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: bit.ly/HubbleDiscord
6.5K
Hubble Protocol
@HubbleProtocol
Jan 3, 2024
Replying to @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
8.3K
Hubble Protocol
@HubbleProtocol
Mar 7, 2024
Replying to @kamino and @KaminoFinance
Boom
5.4K
Hubble Protocol
@HubbleProtocol
Jan 2, 2024
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%
4.9K
Hubble Protocol
@HubbleProtocol
Jan 3, 2024
Replying to @HubbleProtocol
5/ All fees generated in 2.0 will be used to buy back and burn $HBB, and deepen $USDH - $USDC liquidity The result is a fully deflationary governance token, and a permanently increasing USDH-USDC LP - forever This will be achieved via a Dutch auction on a bi-weekly basis:
2.2K
Hubble Protocol
@HubbleProtocol
Jan 3, 2024
Replying to @HubbleProtocol
2/ Hubble 2.0 reflects the key learnings we've taken over the past 2 years of building USDH. In short, the vision for 2.0 is to be the definitive CDP stablecoin protocol on Solana Key pillars of the 2.0 architecture: - Autonomy - Sustainability - Decentralization - Immutability
2.7K
Hubble Protocol
@HubbleProtocol
Jan 3, 2024
Replying to @HubbleProtocol
7/ All interest in 2.0 will be charged in the collateral assets, as opposed to $USDH This prevents ‘pointless’ USDH debt building up in loans, which cannot be realized by the protocol until debts are repaid
1.9K
Hubble Protocol
@HubbleProtocol
Jan 3, 2024
Replying to @HubbleProtocol
4/ For a protocol to be sustainable in the long run, it needs to generate fees. Hubble 2.0 significantly adds to existing fee sources: - Loan origination fees - Interest rates - Dynamic interest rates for yield-bearing collateral (e.g. cUSDC or kUSDC-USDT) - Liquidation rewards
2.8K