Hubble introduces its first Isolated Vault, enabling Solend yield-bearing cTokens to be deposited as collateral for USDH.

cTokens are yield-bearing tokens that earn interest from lending activities on Solend. Now, they enable users to earn yield while borrowing USDH.

Accepting cTokens as collateral solidifies the partnership between Hubble and Solend. Together, we’re creating new possibilities for users to maximize their yield potential while participating in DeFi on Solana.

Introducing a New, Isolated Borrowing Experience

The cToken Vault ushers in a new Vault-based borrowing system, which will enable Hubble to set up independent borrowing environments with distinct parameters. Ultimately this is aimed at creating a more tailored borrowing experience.

Parameters

The initial parameters of the cToken Vault are as follows:

• LTV: 80%
• Stability Fee: 1%
• Deposit Caps: $1M per token
• Withdrawal Caps: $1M per token every 8 hours

These parameters are, of course, fully adjustable, and we will evaluate them in cooperation with our community to ensure that the borrowing environment remains optimal.

Assets

The cToken Vault will contain a variety of different cTokens, enabling users to deposit any combination of the following assets:

• cSOL
• cmSOL
• cstSOL
• cETH
• cBTC
• cRAY

While deposited, the value of these tokens grows over time. By depositing cTokens, you can theoretically increase your available collateral, without depositing additional tokens.

Maximize Yield on SOL with Liquid Staking and Lending

Solana allows for extreme composability in DeFi due to its high throughput and low fees. Transacting on a secure Layer 1 makes it possible for users to put together a lot of “money Legos” to maximize yield generated on SOL, for example.

For instance, you can stake SOL with a network validator to help secure the network. This earns a predictable yield, but it locks up your tokens for a period of around two days and makes it impossible to do anything else with your SOL while it’s staked.

Another option is depositing your SOL with Marinade or Lido to receive mSOL or stSOL, respectively. These “liquid staked” tokens enable you to participate in DeFi while at the same time earn staking rewards.

Once you turn your SOL into mSOL or stSOL, you can deposit these tokens on Solend to generate even more yield. When you mint cmSOL or cstSOL, you receive a token that earns dual forms of yield: staking yield and lending yield.

Now, you can use this cmSOL and cstSOL to mint USDH, while earning yield all the while!

How you can maximize Earning Potential with cTokens and USDH

Let’s recap the thought experiment and see where our journey through DeFi composability has brought us:

• Started off with USDC
• Swapped USDC for SOL
• Staked SOL for mSOL or stSOL (liquid staking tokens)
• Deposited liquid staking tokens for lending on Solend
• Received cTokens as a receipt

Now, the original long position in SOL is earning two forms of interest from some of the most trusted protocols in the Solana ecosystem, and we’ve yet to get to Hubble!

By depositing cTokens on Hubble, you can then borrow the stablecoin USDH at up to 80% loan-to-value (LTV) against your collateral. We started off with stablecoins, we set up two yield-bearing positions with an asset we want to HODL, and now we have stablecoins at our disposal again!

From this point, you can do anything you want with the amount of USDH you feel comfortable borrowing against your collateral. True composability: Hubble’s USDH and Solend’s cTokens working together for an even greater variety of capital-efficient yield strategies!

About Hubble

Hubble protocol allows users to take interest-free loans against multiple crypto assets. Hubble works with USDH, Hubble’s decentralized stablecoin.

Website | Twitter

About Solend

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana. Lending and borrowing have proven themselves to be key in a DeFi ecosystem.

 Website | Twitter

SOURCE

https://blog.hubbleprotocol.io/hubble-solend-ctoken-vault/

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Eversol announced its partnership with Hubble Protocol to boost the decentralization of Solana.

The focus of Eversol and Hubble’s partnership is to streamline the user experience and empower individuals. By providing a hassle-free method for staking SOL, all while boosting the Solana ecosystem.

What is the Eversol Stake Pool?

The core idea of Eversol is to support Solana-based initiatives by allocating a fraction of pool earnings to the Stake Pools Treasury. Delegating to Eversol allows users to earn profits while supporting exciting projects on Solana, as well as receive extra income from DeFi due to Eversol’s partnerships with various liquidity providers.

Staking with the Eversol stake pool has unique benefits for delegators over staking directly to validators:

• Contribute to Solana’s ecosystem growth.
• Enjoy a streamlined staking experience.
• Obtain instant liquidity for staked SOL.
• Explore integration with a partner DeFi network.
• Take advantage of the additional monetary security by using an automatic delegation approach.

Stake pools on Solana allow users to delegate SOL to several validators relying on the delegation scheme rather than a solitary validator.

What’s more, Eversol’s stake pool helps delegators to get leverage against any particular validator collapsing due to performance or other issues.

A Peek at the Hubble Protocol

Hubble is a borrowing protocol that allows long-term crypto asset holders to release liquidity, maximize capital efficiency, and earn income simultaneously. It enables the creation of USDH through a variety of collateral and repayment options at any time.

The Hubble Protocol allows users to borrow USDH, a stablecoin, to amplify their holdings and partake in decentralized finance (DeFi). However, unlike other pool-to-pool lending protocols, Hubble enables borrowing by utilizing the entire issuance capacity of its token, USDH, rather than relying on the supply of lenders.

The protocol was built to provide consumers with the ultimate and most reliable borrowing experience. You can always collect your collateral if you reimburse your USDH mortgage, and you may also retrieve your USDH from the USDH Vault at any moment.

Ultimately, rather than selling the tokens, anyone could use Hubble to deposit them as collateral and leverage an interest-free USDH loan to reinvest in a range of other assets. It’s ideal for those who want to keep their primary crypto bundle intact while also taking advantage of other exciting market opportunities.

But the essential thing to comprehend about Hubble is that when individuals deposit funds into the protocol’s smart contracts, those assets cannot be deemed unrecoverable due to the actions of others. It is not, however, the case for the majority of centralized and decentralized lending services.

Hubble’s primary characteristics are as follows:

• Collateral may be made up of multiple assets.
• Borrowings bear no interest.
• The loan-to-value (LTV) is up to 90.9%, and the leverage is up to 11x.
• Deposits generate a reward.
• Hubble (HBB) shareholders get benefits.
• A no-cost option is available.

Why USDH<>eSOL Make a Power Pair

The prime objective of Eversol and Hubble’s partnership is to simplify user experience and empower users with a hassle-free algorithm for staking SOL. In fact, leveraging the USDH>eSOL pair enables investors to purchase SOL tokens that have already been staked and thus generate rewards almost immediately. Eversol’s eSOL token may be utilized across collaborating DeFi protocols for trading, exchanging, and lending money to maximize profitability.

In short, this duo streamlines the SOL staking algorithm, allowing users to earn rewards hassle-free. Anyone can obtain staked SOL tokens using the USDH>eSOL pair and receive rewards almost instantly. Below are some fundamental advantages:

• Users who utilize borrowed eSOL in DeFi potentially improve lender revenues.
• Users can convert their eSOL to USDH anytime without waiting for the epoch to conclude.
• Users can also immediately withdraw their staked Solana tokens. For instance, numerous liquid pools impose immediate-unstake fees at substantial rates. All of this requires an entire epoch to suspend your SOL delegation for about two or four days, and users may not withdraw their tokens until it is completed. This includes their initial stakes and any incentives users have received.
• Users can quickly unstake their staked SOL using the USDH>eSOL combo.

An Easy-to-Manage Staking Solution on Solana by Eversol & Hubble

Eversol and Hubble strive to shape the future of DeFi 2.0 and far beyond. This approach starts with the development that encourages innovation and endeavors to assure that those who engage in DeFi obtain the highest profits possible.

Indeed, Hubble Protocol scales decentralization in the Solana network. It maximizes user portfolio yields—deposited crypto continues to generate the highest possible return. Users may also use and stake USDH across the Solana ecosystem, earn $HBB tokens and liquidate yields.

What’s more, Eversol facilitates and conveys decentralization inside the Solana ecosystem by distributing user stakes between several validators according to a particular distribution strategy. Individuals stake not only for a specific validator but also for several validators, spreading liability if their validator is overdue. Thus, Eversol maintains a substantial percentage of validators and selects the most lucrative niches for its users to maximize staking rewards.

Mark Hull, Head of Growth at Hubble Protocol, said, “Hubble is excited to partner with Eversol. Hubble fully supports Eversol’s efforts to drive Solana’s decentralization forward with liquid staking through eSOL. By pairing up USDH with eSOL, we are able to support the liquidity of and increased DeFi use cases for eSOL. We look forward to working with the Eversol team on this and more in Solana DeFi.”

About Hubble

Hubble protocol allows users to take interest-free loans against multiple crypto assets. Hubble works with USDH, Hubble’s decentralized stablecoin.

Website | Twitter

About Eversole

Eversol is a Solana staking pool launched by one of the largest validators on Solana – Everstake Company.

Website | Twitter

SOURCE

https://everstake.one/blog/how-eversol-and-hubble-boost-solana-decentralization

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Invariant announced its collaboration with Hubble Protocol, to bring its users a lot of opportunities to participate in DeFi and pursue capital-efficient liquidity solutions on Solana.

What is Hubble Protocol?

Hubble is supercharging users’ liquidity with a collateralized debt position (CDP) stablecoin called USDH.

Moreover, Hubble allows you to borrow USDH by depositing a whole basket of different assets as your collateral. Doing so gives you access to a maximum 80% loan-to-value (LTV) on your long-term holding tokens like SOL, BTC, ETH, and tokens from the Solana ecosystem.

Indeed, USDH can be used to earn yield all over Solana, and now you can earn yield by LPing USDH on Invariant. In addition, Hubble Protocol allows you to stake USDH and HBB tokens for rewards on its platform.

Why should you borrow through Hubble?

If you believe that SOL is going to the moon and don’t want to sell, Hubble provides you with a great opportunity. Instead of selling, you can deposit your SOL on Hubble and borrow USDH to do whatever you want while you wait for SOL to appreciate in value.

When you borrow USDH, all you have to do is pay a one-time 0.5% fee. When you pay back your USDH loan plus the fee, you can withdraw your SOL at any time.

What is USDH?

USDH is a stablecoin pegged to the US dollar, and it has been developed by Hubble as a Solana-native and censorship-resistant token. You can mint it through Hubble Protocol, or you can also trade for it on DEXs such as Raydium, Orca, Invariant, and many others.

Why USDH?

The DeFi system, like any economy, depends on a stable currency as a unit of account. Stablecoins are DeFi’s unit of account, and they are usually pegged to the US dollar, the world’s de facto reserve currency.

4 types of stablecoins

• Fiat-collateralized
• Crypto-collateralized
• Commodities-collateralized
• Algorithmic (however, this approach has already shown several times that it is not fully safe, as in the case of Terra’s UST)

However, Minting USDH gives users the flexibility to choose what assets they want to borrow against. Because there are currently nine tokens that can be use as collateral, with more on the way. Anyone can verify USDH’s collateral backing by checking data on-chain, which is much more transparent and open than fiat-backed stablecoins.

Why should you use USDH on Invariant?

You can use USDH to become a liquidity provider on Invariant. All you need to do is to open a position in a USDH liquidity pool. If you want to know how to become a liquidity provider (LP) check their tutorial.

When you become a USDH LP, you can earn fee rewards from trades that use your tokens, and with Invariant’s concentrated liquidity, more of your tokens are put to work than with other DEXs. This is a low-risk DeFi play that can earn you consistent real yield.

Also, after you open a provide USDH liquidity in the Invariant pool. Users will be able to stake your position in the yield farm on the Farms page and earn even more. Currently, HBB token rewards are being distribute to users who deposit USDC-USDH liquidity on Invariant.

About Hubble

Hubble protocol allows users to take interest-free loans against multiple crypto assets. Hubble works with USDH, Hubble’s decentralized stablecoin.

Website | Twitter

About Invariant

Invariant is the first significant Automated Market Maker (AMM) DEX providing concentrated liquidity on Solana. 

The Invariant protocol is a peer-to-peer system for exchanging assets on the Solana blockchain. The protocol is implement as a set of smart contracts that prioritize censorship resistance, security, self-custody, and an ability to operate without using trusted intermediaries who can selectively restrict access.

Website | Twitter

SOURCE

https://medium.com/@invariant_labs/invariant-x-hubble-protocol-3cb241a5f539

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Whirlpools Rotation #8 🌀

• Duration: Thursday July 28th — Thursday August 11th, 2022
• Total Rewards: ORCA rewards for this Rotation will be ~35K ORCA per week, with the distribution across our pools detailed below. All Whirlpools and Aquafarms are now open and rewards will begin on July 28th at ~20:00 UTC.
• Events: The Solana Summer Camp online hackathon continues, with prizes of up to $50,000 for innovators in the DeFi space. With Orca co-founder Ori and Orca’s head of BizDev Milan judging, we encourage all podmates who want to build in the ocean of DeFi to participate! 🐳

Double-Dip pools 🐋

Double-Dip Whirlpools offer LPs two different token rewards plus trading fees.

#1 mSOL/USDH from Hubble & Marinade

• Double-Dip duration: July 28th — August 25th 2022
• MNDE rewards: 20,000 MNDE per week
• Orca rewards: ~500 ORCA per week

#2 USDT/USDH from Hubble

• Double-Dip duration: July 28th — September 22nd 2022
• Hubble rewards: 1,000 HBB per week
• Orca rewards: ~100 ORCA per week

Other fresh Whirlpools 🌀

Whirlpools offer market-savvy LPs the opportunity to compete for higher yields

While these Whirlpools receive no additional token rewards, they are highly capital efficient and provide tactical opportunities for Sharks! 🦈

#3 DAI/USDH (USDH by Hubble)

#4 HBB/USDH (from Hubble)

#5 UXD/SOL (from UXD Protocol)

🌊 Deepsea Insights 🌏

With every Rotation, there’s always something interesting going on in the Orca ecosystem…

Not only is there a raft of fresh Whirlpools from Hubble this Rotation: Hubble’s existing Whirlpools have also been attracting some interesting activity over the last two weeks.

Of particular note is the Triple-Dip USDH/stSOL Whirlpool, which is boasting strong volumes and trading fees without even considering the additional HBB, wLDO, and ORCA rewards!

About Hubble

Hubble protocol allows users to take interest-free loans against multiple crypto assets. Hubble works with USDH, Hubble’s decentralized stablecoin.

Website | Twitter |

About UXD Protocol

UXD Protocol a fully collateralized decentralized stablecoin backed by delta-neutral position using derivatives.

Website | Twitter |

About Orca

Orca the easiest way to exchange cryptocurrency on the Solana blockchain. There, you can exchange tokens with minimal transaction fees and lower latency than any DEX on Ethereum, all while knowing that you’re getting a fair price. Additionally, users may provide liquidity to a trading pool to earn a share of trading fees.

Website | Twitter|

Source

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Partnership Highlights

The partnership is to bring value to daoSOL holders, Hubble users and MonkeDAO members alike.

Hubble has onboarded daoSOL, MonkeDAOs liquid staked SOL, as a collateral asset on the platform.

Specifically, daoSOL holders can now take USDH loans from Hubble at 0% APR. This will be followed by a variety of other partnership initiatives between Hubble and MonkeDAO.

Ultimately, the purpose of MonkeDAO is to bring value to its members. With that in mind, Hubble’s onboarding of daoSOL will make USDH the first stablecoin that can be mint with daoSOL as collateral, which adds a significant use-case to daoSOL holders.

After onboarding daoSOL as a collateral type, Hubble and MonkeDAO will be setting up a daoSOL/USDH liquidity pool to bolster the liquidity of daoSOL in the ecosystem. However, this provides yet another use case for daoSOL as users can become daoSOL liquidity providers in a Solana DEX.

At the same time that users are earning APY from holding daoSOL and borrowing USDH, they can earn APY from facilitating swaps and contributing to the growth of the Solana DeFi ecosystem.

Platforms Goal

Indeed, daoSOL plays an important role in supporting the Solana ecosystem. The daoPool allows users’ SOL to be distributed to validators, securing the network while also bringing value to daoSOL holders in the form of APY (6.9% at the time of writing).

Moreover, Hubble’s initiatives with daoSOL are the first steps in a partnership that will promote DeFi amongst the rapidly growing NFT space. And educate the masses that are so effectively being onboard. Indeed, MonkeDAO has a similar focus on education, with a large knowledge base, and more content being actively add.

Briefly, Hubble and MonkeDAO will continue to work together to promote dialogues between the NFT and DeFi spaces. Furthering both projects’ ambitions to onboard users, and educate users about the Solana ecosystem.

About Hubble

Hubble protocol allows users to take interest-free loans against multiple crypto assets. Hubble works with USDH, Hubble’s decentralized stablecoin.

Website | Twitter

About MonkeDAO

MonkeDAO is a curated community of monkes. The first NFT DAO on Solana. MonkeDAO are working to become the premier decentralized community of Web3, by providing unparalleled value to our members and the Solana ecosystem through community-led projects, connections and innovations.

Website | Twitter

SOURCE

https://blog.hubbleprotocol.io/hubble-onboards-monkedao-daosol/

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Partnership HighLights

To begin with, Notifi, a messaging layer for Web3, announced customer notifications with Hubble Protocol to enhance its integration. And its promise to its community by providing push alert notifications for critical liquidation notifications in these volatile markets.

Hubble users can instantly receive notifications via SMS/Email when their loans have been liquidate. Indeed, it will allow the community to make better financial decisions. But generally have an improved overall experience as they stay up to date on real-time movements of the markets.

Management Quotes

“Marius and the Hubble team are one of the new generations of web3 teams that strive for such a high bar on the customer journey. They understand that it’s not just creating new opportunities for financial freedom but an investment into educating and giving customers the best tools to manage their investments that is critical.” said Paul Kim, CEO of Notifi.

However, as USDH has recently increased its integrations with other DeFi protocols on Solana with the addition of USDH LP on Raydium, Orca, and Crema. USDH borrowing and lending have also begun to increase.

“Having the ability to send our community alerts on their positions and keeping them up to date in this fast-moving world is something we take care for granted in Defi today. Hence, our commitment to shaping the user journey to allow new traditional finance into this world is made even better with the web2 notification experience everyone expects,” said Marius Cibubotariu, CEO of Hubble.

About Hubble

Hubble Protocol raised $10 million in seed funding from some of the biggest names in crypto. However, its first phase centers on multi-asset borrowing and the minting of USDH, a censorship-resistant stable coin backed by blue chip crypto assets. Hubble will follow a roadmap dedicated to becoming a decentralized autonomous organization (DAO) as the protocol leaves no stone unturned to explore the future of DeFi and USDH on the world’s fastest blockchain, Solana.

Website | Twitter

About Notifi

Notifi is Twilio for Web3. Notifi simplifies communication across all Web3 messaging channels. The Notifi platform is design with simple APIs for easy integration, customizable, and advanced features for dApps and Web3 applications. Notifi empowers developers to better engage with their users via multichannel communications.

Website | Twitter

SOURCE

https://medium.com/notifi/volatile-markets-liquidations-hubbles-guide-to-managing-risk-9e81955dd47c

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Partnership HighLights

This partnership of Hubble and Lido Finance took the first significant steps toward boosting stSOL liquidity throughout Solana with USDH.

Lido is one of the biggest protocols in DeFi as measured by total value locked (TVL). They’re doing great work to bring liquidity and composability to staking across multiple blockchains, and its users will benefit from the addition of stSOL to Hubble.

Learn More About Lido Finance and stSOL Liquid Staking Tokens

To begin with, Lido has helped over 110,000 users stake billions of dollars ($14.7B at the time of writing) worth of tokens on multiple blockchains, most notably Ethereum. Their liquid staking token on Ethereum, stETH, has helped users stake over $9 billion worth of ETH.

Furthermore, Lido has staked over 3,000,000 SOL in exchange for stSOL, a liquid token that earns a staking yield that can be used across Solana DeFi while staked with a Solana validator.

Each stSOL that users receive represents one SOL staked to help protect the network and facilitate transactions. The Lido DAO has selected a group of 14 leading validators to help diversify staking across the Solana ecosystem. Additionally, they plan to expand this into the future, with more onboarded who meet high availability and performance criteria.

Hubble is Excited to Bolster stSOL Liquidity with USDH

Over the next two weeks, they will be kicking off the first phase of Hubble’s partnership with Lido. They planned to launch two liquidity pools and excellent yield farming opportunities for their users.

Users will be able to deposit liquidity and earn rewards when stSOL-USDH pairs go live on Raydium this Thursday, May 12th. They include another rockstar Solana decentralized exchange (DEX), Orca, in their plans to help support stSOL and USDH liquidity on the network, and users will also be able to deposit concentrated liquidity through Orca’s Whirlpool from May 19th.

Both of these pools will be offering liquidity providers (LPs) incentives in LDO and HBB, each project’s native token. So, get ready to enjoy some juicy yield for participating in the stSOL-USDH pools on your favorite Solana DEX!

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.

Website | Twitter

About Lido Finance

Lido is the leader in liquid staking (when measured by TVL) with a priority on contributing to ecosystem improvement, increasing blockchain decentralization, and making staking beneficial for all the participants on every chain it has launched.

Website | Twitter

SOURCE

https://blog.hubbleprotocol.io/hubble-partners-with-lido/

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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.

Website ♦ Twitter

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.

Website ♦ Twitter

⏩ SOURCE

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