Nova Partnership with Hubble

Published on: 06.05.2022
Nova Partnership with Hubble

Nova announced its partnership with Hubble Protocol, a decentralized finance lending protocol built on the Solana blockchain. 

With this long-term partnership, Nova and Hubble will cooperate in innovative ways to expand the borrowing and lending opportunities in asset management, which gives you more power, control, and investment opportunities with your portfolio!

Since Hubble is increasing the liquidity of its users and Nova is providing nAssets within the protocol, the composability of this collaboration towards portfolio management is very promising.

Dawid Snyders — Hubble Protocol commented:

“We’ve been following Nova from an early stage, and their concept of asset management as a service via nAssets is incredibly innovative. They are a true example of money legos combined with Tradfi concepts. There are so many ways our projects can feed into the success of one another, and we look forward to synergizing on all. the ideas we’ve discussed already, and those to come.

Hubble partnership with Nova explicitly opens possibilities to bolster trading liquidity via Hubble’s borrowing and its decentralized stablecoin, USDH. Thus, their teams are driven to innovate in the Solana Ecosystem and are excited to explore synergistic ways.

Adam Greenberg — Nova Finance commented

“We’re honored to partner with Hubble and work in a meaningful way together. It’s truly motivating to be collaborating with a great team who share similar values to Nova.

Hence, Hubble provides excellent utility for liquidity, and the protocol alongside the USDH stablecoin are crucial building block for DeFi. The robust nature of USDH provides Nova and Solana DeFi as a whole with a solid foundation to build upon.

About Hubble

Hubble protocol allows users to take interest-free loans against multiple crypto assets. Hubble works with USDH, Hubble’s decentralized stablecoin. So borrowing USDH, with 0% interest, gives users the chance to hold their tokens long-term and pursue whatever opportunities arise.

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About Nova Finance

Nova is a programmable asset framework that allows people to access DeFi without learning complex financial management skills. Users can create a portfolio of assets within the product that auto-generate returns through yield strategies while auto-executing on investment strategies such as dollar-cost averaging, taking profit calls, and much more.

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