@HubbleProtocol

We contribute to Hubble Protocol, building $USDH, an overcollateralized stablecoin available to anyone and everyone. Discord: https://xitter.cf/t.co/KWGKSzF5IY

 Solana
hubbleprotocol.io/twitter
Joined August 2021
  • Tweets22
  • Following175
  • Followers37.5K
6Media
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: medium.com/@hubbleprotocol/i…
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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%
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USDH is live with 5x points
Kamino
@kamino7 Mar 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🧵
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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%
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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%
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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
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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
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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%
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The first stage of Hubble 2.0 plans will be revealed this week - introducing brand new mechanics behind $USDH Keep your eyes peeled and join the Discord for alpha: bit.ly/HubbleDiscord
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$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/
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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 [2/10]
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