Hubble Exchange Integration on Avalanche
Hubble Exchange Integration on Avalanche, The integration enhances what perpetuals futures traders can accomplish on an Avalanche-native protocol.
Increasing capital efficiency and collateral flexibility, Hubble Exchange released perpetual futures on Avalanche. The exchange allows traders use various tokens as collateral for perpetual futures contracts, allowing them to keep exposure to digital assets. As collateral, Hubble accepts AVAX, USDC, and hUSD. Future assets include BTC, ETH, and Avalanche. Hubble Exchange Integration on Avalanche
Hubble Exchange many features aim to give traders more options and a better experience. Cross-margining, which automatically utilizes PnL from one position to either offset losses or increase leverage in other positions, aims to increase capital efficiency. On Hubble Exchange, makers (liquidity providers) can collateralize assets while providing liquidity. They can also provide liquidity on leverage (up to 5x) and earn trading fees on leveraged liquidity. This lets makers do more with their assets on Avalanche.
Upon launch on August 8th, at 8 a.m. UTC, Hubble Exchange entered its Ignition Period of up to 24 hours, during which the protocol gathered liquidity. Now that this period has ended, trading and liquidity mining incentives have begun. The first vAMM is AVAX-PERP. Additional pairs, such as BTC-PERP and ETH-PERP, will come in the future.
The Hubble Exchange DAO will initiate vHubble incentives for traders and makers to bootstrap initial liquidity and trading in its AVAX-PERP vAMM. Traders will receive an emission of 0.2% of the total token supply over the next month, while Makers (LPs) will receive 0.4%.
Blizzard, the Avalanche Ecosystem Fund has made a strategic investment in Hubble Exchange. The project has been audited by Dedaub. For more information on Hubble Exchange, visit https://hubble.exchange. For more about vHubble incentives, read the full breakdown.
About Hubble Exchange
Hubble Exchange is a decentralized platform for trading perpetual futures on Avalanche. Utilizing Avalanche’s low fees and highly scalable infrastructure, Hubble Exchange aims to offer an Avalanche-native experience for trading perpetual futures with its multi-collateral, cross-margin design.
About Avalanche
By calculating the shortest time to finality, Avalanche is the blockchain industry’s quickest smart contracts platform. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
