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).

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About UXD Protocol

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

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SOURCE

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

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This new integration of will Notifi alerts allow Hedge to further engage and empower its users with real-time market data updates to make better financial decisions.

Overview of Hedge and Notifi

Hedge is a decentralized lending protocol where users can borrow their stablecoin (USH) with $SOL as collateral. They have partnered with Notifi to provide their community liquidation alert Their lending protocol offers interest-free loans with a .05% loan initiation fee and a minimum of 110% collateral ratio. The team at Hedge created an easy 3 step process to obtain a loan:

1. Create a vault
2. Back it with a $SOL deposit
3. Take out our stablecoin USH as a loan (pegged at $1 to the USD)

Since launching earlier this year, the team at Hedge has raised a seed round of $3.7M and secured several strategic partnerships such as Raydium, Orca, Chainlink, Snowflake, and more. The team understands the importance of partnerships for added security, personalization, and simplifying the DeFi experience. Partnering with Notifi’s multi-channel alerts perfectly aligns with that vision. The Team at Hedge chose Notifi for ease of reaching their users and integration.

Users can repay the loan anytime, but the 0% interest rate incentivizes users to keep $SOL in the vault to benefit from market gains over time. Please note that it is vital to keep in mind. Users are also at risk for liquidation if the market crashes and the collateralized $SOL is below the 110% threshold. Adding Notifi’s web3 messaging layer provides a new level of transparency for their community. Notifi will send alerts when their loan collateral ratio is nearing liquidation via SMS, Telegram, or Email.

Management Quote

The Team at Hedge created a platform that allows users to borrow against their $SOL and benefit from market gains with their 0% interest-free solution. With the volatility of the current crypto market, adding Notifi’s alerts provide their community peace of mind on their positions with real-time market updates and liquidation threats.” — Paul Kim, Notifi Co-Founder & CEO

“When creating Hedge, we wanted to create an experience that would simplify and elevate the DeFi experience on Solana with our end user in mind. We understand the benefits of DeFi but also the confusion for the general public. Partnering with Notfi aligns with our vision to help users unlock more liquidity with real-time updates to reduce liquidation risk and better leverage their assets.” Sebastian Grubb — Co-Founder & CEO

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.

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About Hedge

Hedge is an interest-free, low minimal collateral ratio lending protocol on Solana. It gives users the best deal on access to liquidity against their collateral.

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SOURCE

https://medium.com/notifi/notifi-powers-hedges-liquidation-alerts-6f572496ef1c

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Port Finance launches Hedge Innovation Zone, an isolated lending pool, separated from the main Port pool, which aims to boost the usage of $USH in the Solana Ecosystem.

Introduction to Hedge

Hedge is a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar. USH is minted on flexible terms and gives users instant access to the USH ecosystem.

Hedge allows users to take out 0% interest loans for a one-time fee by depositing collateral for USH. Users are incentivized to keep their collateral-to-debt ratio above 110% to avoid liquidation. When an undercollateralized vault is liquidated, users who have deposited USH in a stability pool are returned discounted collateral as a reward. USH is always redeemable for its underlying value, but a fee ensures the protocol is impacted infrequently.

How can users take advantage of this Hedge Innovation Zone?

Users can deposit $BTC/$SOL/$mSOL/$USH and borrow $USH, earnings of $HDG and $PORT are claimable at Penguin Finance.

$USH that is borrow can be redeposit back into the innovation hub. You can do this a couple of times folding it. If you are over-folding it, you might have a hard time unwinding the position if you don’t have spare currency, thus please proceed only if you are aware of such risk. (Fold strategy) AT YOUR OWN RISK!

Users can provide $USH-$USDC on Orca.so or Saber.so and yield 67%/27% APR respectively.

You can also form a LP with the borrowed assets and stake at Saros Finance.
(We do not endorse any of the above, please do your own due diligence before putting your money elsewhere!)

As always you can also liquidate other users who have reached 100% risk factor from the liquidate tab.

How can users obtain $USH?

Users can mint against $SOL, $mSOL, $wBTC, $USDC on Hedge.so/borrow
Users can also head over to Orca.so or Saber.so or Jup.ag and do a swap to obtain $USH tokens.

About Port Finance

Port Finance is a non-custodial money market protocol on Solana. Its goals are to bring a whole suite of interest rate products including variable rate lending, fixed rate lending and interest rate swap to the Solana blockchain.

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About Hedge

Hedge is a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar. USH is minted on flexible terms and gives users instant access to the USH ecosystem.

Website | Twitter

SOURCE

https://port-finance.medium.com/port-finance-launches-hedge-innovation-zone-c6fe287aad66

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Integration HighLights

As previously stated, Hedge integration with Chainlink Price Feeds will access tamper-proof, high-speed market data. Since, it helps determine the values of collateral assets in Hedge vaults, which are used to determine collateral-to-debt ratios and trigger liquidations, ultimately helping ensure protocol solvency.

Chainlink Price Feeds help secure collateralization and liquidation ratios for Hedge borrowers, helping ensure protocol solvency even when market conditions are volatile.

To start, Hedge has integrated the SOL/USD Price Feed for the Hedge SOL vault, with more feeds to come in the future.

Helping Secure Hedge Vaults with Chainlink

Furthermore, Hedge allows users to take out interest-free loans for a one-time fee by depositing collateral to mint USH, a stablecoin soft-pegged to the US dollar. Therefore, users are incentivize to keep their collateral-to-debt ratio above 110% to avoid liquidation. When an undercollateralized vault is liquidated, users who have deposited USH in the stability pool are returned discounted collateral as a reward, with the rest of the collateral distributed to the liquidator and HDG token holders. In conclusion, USH keeps its floor price at $1 by being redeemable for its underlying collateral at all times, though a redemption fee ensures this happens infrequently and only when needed.

Moreover, accurate collateralization and liquidation metrics depend upon robust price data. If Hedge’s smart contracts calculate collateral values with inaccurate or manipulated price data, this can result in undercollateralized loans and cause unwanted liquidations and protocol insolvency.

Chainlink Price Feeds Superior Features

• High-Quality Data
• Secure Node Operators
• Decentralized Network
• Transparency

Sebastian Grubb, Founder of Hedge

“Reliable price data is mission-critical for any lending platform, and Chainlink Price Feeds are the most battle-tested solution on the market. With this integration of Chainlink Price Feeds help calculate collateralization and liquidation metrics, Hedge users can have higher assurances that their 0% interest loans are supported by secure and accurate price data.”

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain.

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About Hedge

Hedge is an interest-free, low minimal collateral ratio lending protocol on Solana. It gives users the best deal on access to liquidity against their collateral.

Website | Twitter

SOURCE

https://hedgelabs.medium.com/hedge-integrates-chainlink-price-feeds-on-solana-ca0c59a9e78c

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