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Hubble aims to create a Solana-based equivalent of MakerDao: a DeFi protocol with a U.S. dollar denominated stablecoin. Whereas MakerDao is an early Ethereum-based DeFi protocol that allows users to trade its native stablecoin, DAI, Hubble users can borrow and mint USDH, Hubble’s native stablecoin. Original Source
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press release PRESS RELEASE. LONDON | August 30, 2022 – Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain. Kamino Finance, launching initially on next-generation decentralized exchange (DEX) Orca, will allow users to earn
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Decentralized finance (DeFi) project Hubble Protocol has raised $10 million in funding ahead of its mainnet launch later this month. Hubble will use the capital to expand its team and DeFi project offerings.Investors in the funding round included Three Arrows, DeFiance Capital, Delphi Digital, Digital Currency Group (the parent company
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Decentralized finance (DeFi) on Solana has been growing at a massive rate. One project to look out for, Hubble Protocol, will be making a huge addition to the DeFi offerings on Solana when it launches a stablecoin borrowing platform (being called “the MakerDAO of Solana”) on Mainnet Beta this January
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