This partnership of Hubble Protocol with InsurAce.io  is to facilitate secure DeFi-Lending on Solana’s fastest-growing stablecoin platform.

Partnership and Listing Highlights

They have increased their efforts to enhance the worldwide reach and financial capability of their Cover products as part of their newest InsurAce v2 roadmap roll-out. Hubble Protocol has joined the InsurAce.io ecosystem.

With this landmark product listing, they will be able to offer Smart Contract Vulnerability Cover to one of Solana’s fastest-growing stablecoin platforms. Hubble has made huge achievements in competitive collateralized debt position (CDP) stablecoin borrowing since its successful $10 million raise and product launch in early 2022, allowing DeFi customers on the Solana network to grow their liquidity and earn sustainable & passive income by borrowing USDH.

The InsurAce community is pleased to offer DeFi Cover goods and services on this renowned platform.

What exactly is the Hubble Protocol?

Hubble Protocol enables users to borrow the stablecoin USDH at incredibly low interest rates against a variety of crypto assets from the Solana DeFi ecosystem. Due to its durable crypto-backed design, censorship resilience, and peg stability. USDH has become the most extensively paired Solana-native stablecoin in several liquidity pools on Solana’s developing DEX landscape.

Users can borrow USDH by depositing vanilla blue chip tokens such as SOL, BTC, and ETH, as well as yield-bearing assets. Hubble now accepts liquid staking tokens such as stSOL and mSOL, as well as cTokens from Solend and kTokens from Kamino Finance, a Hubble-incubated project.

The Hubble Protocol’s smart contracts were thoroughly tested while the code was being written. Furthermore, Hubble Protocol’s smart contracts have been reviewed on several occasions and through several major revisions by multiple third-party security organizations. Theys also imposed maximum outflow limitations on deposits in order to limit any losses that may occur during an exploit.

Key Features Of Hubble Protocol 

• Supercharged Liquidity
• Censorship resistance
• Multi-asset Collateral
• Yield Opportunities

Synergy Between InsurAce and Hubble Protocol 

Many crypto investors and users around the world are concerned about the recent wave of hacks in the DeFi industry. Hubble Protocol will be able to add an extra degree of sophistication to its security architecture. By integrating InsurAce’s Smart Contract Vulnerability Coverage products and services.

The Hubble crew is really optimistic about the InsurAce listing. Hubble’s listing on the InsurAce DeFi Coverage network, in addition to its secure, censorship-resistant, and audited code-base. Will now enable the platform to give an additional layer of security and ultimate safety net to its existing users, fund depositors, and new investors.

“The security of our users’ funds is extremely important. We’ve taken many measures to ensure that assets remain safe when deposited on Hubble, and providing access to insurance coverage for deposits is the next step toward protecting our users. Hubble recognizes that in DeFi, anything can happen, and we want to share the added layer of assurance that smart contract coverage from InsurAce provides for our users’ peace of mind.” Marius Ciubotariu (Co-founder, Hubble Protocol) 

Hubble Protocol aims to create a safe and secure space for Investors and users to access DeFi service globally. By integrating Hubble Protocol, they will now be able to extend their Crypto Coverage security to another burgeoning community of blockchain enthusiasts and innovators.

About InsurAce.io 

InsurAce.io is a leading decentralized multi-chain protocol that provides reliable, robust and secure risk protection services to DeFi users. The company’s $11.7m payouts played a major role in sustaining investor confidence and averting a systemic crash for the crypto industry.

With InsurAce.io, users can rely on:  

• Unbeatable Low Cover Premiums
• Cross-chain Coverage
• Multi-chain Accessibility
• Sustainable Investment Returns (via our Investment Portal and Mining Program)

Website | Twitter

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

SOURCE

https://www.insurace.io/blog/?p=3570

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Kamino Finance partnership with Solend aims to provide consumers with additional value in exchange for providing liquidity on Kamino.

Partnership Highlights

Solend will start taking kTokens from Kamino as collateral for borrowing various crypto assets from the USDH Pool.

Kamino aspires to be the ultimate liquidity destination on Solana, and Solend is helping to make it happen. Users can participate in one of the most intriguing use cases offered by this cooperation by borrowing stablecoins against kTokens on Solend: leveraging liquidity holdings several times on Kamino.

New Assets Added to Solend’s USDH Pool

The USDH Pool has provided highly attractive rates to both borrowers and lenders, and it has risen to the top of the isolated pools in terms of overall supply. The USDH Pool on Solend already housed five main crypto assets for borrowing and lending, and it will soon include kTokens for even more borrowing options.

Along with the first two kTokens, USDC will be put to the pool. This will increase users’ borrowing flexibility as well as their ability to use stablecoin vaults on Kamino that do not manage USDH pairings.

The first kTokens to be added to the USDH Pool are:

• kUSDH-USDC (Orca)
• kUSDC-USDT (Orca)

Users will be able to borrow up to 75% of the value of their kToken deposits, with a liquidation threshold of 85%. Borrowing assets with kTokens as collateral will also incur a 0.1% cost.

How to Leverage Kamino Positions with kTokens on Solend

With such a liberal LTV, incredibly low rates, and kTokens representing underlying holdings in stablecoin liquidity, it’s almost like an invitation to experiment with composability. What’s more, kTokens are yield-bearing assets that appreciate in value over time, making them ideal for use as collateral.

Users may now loop their borrowed USDC back into Kamino and leverage their position thanks to the addition of kTokens on Solend. To enhance exposure to the costs and incentives associated with providing stablecoin liquidity on Kamino.

Here’s an example of how users can use kTokens and Solend to leverage a USDH-USDC position on Kamino:

• Deposit liquidity into the USDH-USDC vault on Kamino.
• Deposit kUSDH-USDCo on Solend.
• Borrow USDC or USDH.
• Repeat Steps 1-3 to increase leverage

Because Kamino’s automated services support single asset deposits, customers don’t even have to divide their borrowed USDC into USDH or vice versa. The same procedure may be used for each stablecoin vault represented by kToken collateral until the maximum caps on Kamino and Solend are achieved.

Kamino and Solend Work Wonders for Liquidity on Solana

Borrowing from Solend with kTokens as collateral, a huge step for Solana’s DeFi composability. They are ecstatic to collaborate with Solend to give users with several options to increase their liquidity on Solana.

Given how quickly the maximum cap limits were achieved when kTokens were added as collateral for borrowing USDH on Hubble Protocol, it would not be shocking if Solend’s limitations were surpass in a similar time frame.

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

About Kamino

Kamino automatically manages your concentrated liquidity positions. When depositing your tokens, Kamino opens a liquidity pool position on a DEX and does everything for you. Rebalancing, auto-compounding, and finding the optimum range for capturing the most trading fees while avoiding impermanent loss (IL).

Website | Twitter

SOURCE

https://blog.kamino.finance/solend-adds-ktokens-as-collateral-for-borrowing/?utm_source=twitter&utm_medium=article&utm_campaign=blog_internal

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Kamino Finance launches UXD stablecoin strategy vault. With the UXD vault included, Kamino will now be an automated concentrated liquidity solution or liquid assets. Supporting all significant Solana-native DeFi stablecoins, such as USDH, USDr, and USH.

Plans by Kamino

All coins offered on Solana will have automatic concentrated liquidity management provided by Kamino. As obtaining deep liquidity is one of the most crucial components of preserving the health of dollar-pegged stable asset/stablecoins assets on decentralized exchanges, this service will become especially crucial for the ecosystem’s stablecoins (DEXs).

The fiat-backed stablecoin USDC will be linked with the token in the UXD vault because of its stability and liquidity when combined with other stablecoins in Decentralized Finance (DeFi) applications. Users that deposit either UXD or USDC into the UXD vault. Can benefit from Kamino’s automated rebalancing and auto-compounding, which maximizes actual profit from trading fees.

About UXD and Recent Protocol Innovations

With almost $15 million in circulation, UXD is one of the biggest circulating Solana-native stablecoins. To optimize capital efficiency, the project has placed a high priority on developing innovative stablecoin designs. To that end, UXD introduces the first stablecoin on the market, supported by delta neutral positions on Mango Markets.

The Asset Liability Management Module has emerged as the project’s new direction. For preserving UXD’s backing and scalability, this new architecture adds lending, overcollateralized loans, real-world assets (RWAs), and other techniques on top of delta-neutral positions.

Additionally, UXD intends to turn its governance token, UXP, into a cash-flow token that generates income from these different other businesses. UXD will be made accessible on Optimism, the Ethereum Layer 2 solution, along with these updates, transforming the platform into a cross-chain stablecoin provider.

UXD reduced its maximum issuance ceiling from an all-time high (ATH) of $40 million to its current level of $15 million as a result of the market slowing down and declining open interest on Mango. As UXD tries to reclaim its prior ATH and beyond through a variety of tactics across several networks, Kamino intends to assist UXD in developing steady and deep liquidity.

Kamino is Spearheading Stablecoin Growth on Solana

For generating deep liquidity for tokens on Solana’s focused liquidity DEXs, Kamino is a potent tool. Stablecoins may further stabilize their pegs with deep liquidity by utilizing Kamino’s capabilities. And they can also lessen any price effect on their tokens during trade, particularly during times of turbulence.

Kamino contributes to the improvement of the Solana stablecoin environment by introducing a new stablecoin to its automated vault solutions. Additionally, with the opening of the UXD vault, Multicoin Capital and Kamino will work together to promote the development of two types of stablecoin projects—Hubble Protocol and UXD—in order to strengthen the DeFi ecosystem on the network.

Nine automated vaults have gone online with over $5M in TVL placed by Solana’s DeFi customers since Hubble Protocol assisted in the incubation of the debut of Kamino Finance. Kamino intends to keep constructing more vaults to support Solana initiatives and native programs and create deep liquidity options for everyone.

About Kamino

Kamino automatically manages your concentrated liquidity positions. When depositing your tokens, Kamino opens a liquidity pool position on a DEX and does everything for you. Rebalancing, auto-compounding, and finding the optimum range for capturing the most trading fees while avoiding impermanent loss (IL).

Website | Twitter

About UXD Protocol

Algorithmic stablecoin backed 100% by a delta neutral position using derivatives.

Website | Twitter

SOURCE

https://blog.kamino.finance/kamino-launches-uxd-vault/?utm_source=twitter&utm_medium=social&utm_campaign=blog_internal

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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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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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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/

The post Hubble and Lido Partnership appeared first on Smart Liquidity Research.

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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