Hubble Protocol
ValidatedDeFi
Staking
Issuer of USDH, the crypto-backed stablecoin.
- 434 Followers434 Followers
- 266 Likes266 Likes
About Hubble Protocol
Hubble Protocol is the issuer of the Solana-native USDH stablecoin. Hubble allows users to deposit a wide range of crypto assets, and mint USDH at variable loan-to-value ratios. The platform accepts a wide range of yield-bearing assets as collateral, and has a robust pegging mechanism for the USDH stable coin, consisting primarily of a peg-stability module and stability fees.
Hubble Protocol is a decentralized finance (DeFi) platform built on the Solana blockchain, focusing on capital efficiency and decentralized stablecoin minting. It offers users the ability to deposit a range of crypto assets as collateral to mint USDH, a Solana-native decentralized stablecoin pegged to the US dollar. The protocol aims to empower users by providing a suite of DeFi products, including borrowing, staking, and yield-generating opportunities, all while maintaining decentralization and user control over funds.
Hubble Protocol stands out in the DeFi landscape with its high loan-to-value (LTV) ratios, enabling users to borrow more against their collateral compared to many other platforms. The project’s integration with Solana allows it to deliver fast, low-cost transactions while scaling to meet the demands of both new and advanced users. Hubble’s mission is to build a decentralized economy where financial tools are permissionless, secure, and efficient, providing users with a wide range of possibilities for leveraging their digital assets.
In summary, Hubble Protocol is designed for DeFi enthusiasts who seek to unlock liquidity from their crypto assets while participating in a decentralized and capital-efficient ecosystem. Its flexible collateral options, seamless Solana integration, and diverse financial tools make it a compelling choice in the Solana DeFi space.
Hubble Protocol Magic Store Validation Score
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4.5Validation Date: -
MatzeglatzerYes
samoooYes
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dutung13Yes
sebastianYes
Magicweeds87Yes
Ashit PaulYes
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kimia0936Yes
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Hubble Protocol Review Score by Real Users
- 22
- 14
- 5
- 0
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Hubble is a DeFi protocol built on the Solana blockchain. Hubble has its own decentralized application (dApp) allowing: Borrow USDH | Deposit multiple cryptocurrencies for USDH mining: SOL, ETH, mSOL, stSOL, daoSOL, cTokens from Solend and kTokens from Kamino | Earn positive interest on collateral deposits (earn while you borrow) | Earn liquidations by depositing USDH in Stability Vault (formerly Stability Pool). USDH is Solana-native crypto-backed stablecoin, soft-pegged to the US Dollar.Read More ››
0 people found this review funny
Hubble allows users to deposit a wide range of crypto assets, and mint USDH at variable loan-to-value ratios. The platform accepts a wide range of yield-bearing assets as collateral, and has a robust pegging mechanism for the USDH stable coin, consisting primarily of a peg-stability module and stability fees.Read More ››
0 people found this review funny
I have good experience with this platform. I believe you can go further and get more achieve in the futureRead More ››
0 people found this review funny
Easy to use, pretty smooth. the design is very good, you will spend more time on this application than you expected because you will forget about time Read More ››
0 people found this review funny
The project looks beautiful and the platform is convenient to use. However, the issue of safety remains. Often, such platforms are the number 1 target for scammers, so only time will tell if they are good or not. So far so good. Read More ››
0 people found this review funny
Hubble Protocol looks great! Here, a large, solid team, the ideas of the team and the development trend amazed their greatness! We are looking forward to the possibility of your product!Read More ››
0 people found this review funny
I can deposit many different kinds of crypto assets to mint USDH on Solana chain. And then use USDH to enjoy juicy APY on many DeFi platform. It is so good. Read More ››
0 people found this review funny
All in all, Hubble strengthens its community by distributing the fees the system generates with the HBB holders while also introducing governance in a novel manner. Moreover, Hubble plans to remain in the DeFi space for a long period of time, owing to the fact that the DeFi landscape is always shifting and innovations with new ideas that are revolutionizing the technology. The protocol wants to broaden its services to fulfill the rising need for a peer-to-peer financial system like DeFi. It is currently being backed by leading firms in the crypto space to do so after starting out on the Solana Hackathon.Read More ››
0 people found this review funny
Hubble Protocol Magic Store Trust Score
- Security Validators Score
- 16.02.2024Validation Date
Hubble Protocol User Trust Reviews
As a user who recently explored the world of cryptocurrencies, I am excited to share my positive experience with Issuer of USDH, the crypto-backed stablecoin by Hubble Protocol. The platform at offers an exceptional and secure environment for users looking to invest in digital assets. The first aspect that caught my attention was the stability of the coin, which is pegged 1:1 with the US Dollar. This provides a sense of security and predictability, allowing me to avoid the volatility often associated with cryptocurrencies. The platform's transparency in maintaining reserves ensures that each USDH token is backed by real-world assets, giving users confidence in their investments. Another positive aspect I noticed was Hubble Protocol's user-friendly interface and smooth navigation. As a beginner, I found it easy to understand the concept of staking and borrowing USDT through the platform, making my experience hassle-free and enjoyable. The team behind this project has done an excellent job in creating a seamless experience for users like myself who are new to the world of DeFi. Furthermore, Hubble Protocol's commitment to providing liquidity is commendable. By offering competitive interest rates on both staking and borrowing USDT, they have managed to attract investors from various backgrounds while ensuring that their platform remains active and thriving. This has created a healthy ecosystem for users like myself who are looking to maximize returns on our investments. In conclusion, my experience with Issuer of USDH by Hubble Protocol has been nothing short of impressive. The stablecoin's pegging mechanism, user-friendly interface, and commitment to providing liquidity make it an ideal choice for anyone looking to invest in cryptocurrencies while minimizing risks associated with volatility. I highly recommend exploring to those interested in expanding their knowledge of DeFi and taking advantage of the opportunities presented by this innovative platform.Read More ››
0 people found this review funny
Easy to use, pretty smooth. the design is very good, you will spend more time on this application than you expected because you will forget about time Read More ››
0 people found this review funny
Hubble Protocol looks great! Here, a large, solid team, the ideas of the team and the development trend amazed their greatness! We are looking forward to the possibility of your product!Read More ››
0 people found this review funny
Easy to use, pretty smooth. the design is very good, you will spend more time on this application than you expected because you will forget about timeRead More ››
0 people found this review funny
Guys, this platform is amazing. Hubble Protocol is the issuer of the Solana-native USDH stablecoin. Hubble allows users to deposit a wide range of crypto assets, and mint USDH at variable loan-to-value ratios. The platform accepts a wide range of yield-bearing assets as collateral, and has a robust pegging mechanism for the USDH stable coin, consisting primarily of a peg-stability module and stability feesRead More ››
0 people found this review funny
Hubble Protocol FAQ
The USDH stablecoin is unique because it’s fully decentralized and backed by a diverse pool of assets on the Solana blockchain. Unlike other stablecoins that might rely on centralized reserves or a single asset as collateral, USDH is minted using multiple crypto assets, providing flexibility and better stability. This decentralized collateral pool ensures that users maintain control while benefiting from a resilient and scalable system.
Hubble Protocol leverages the high throughput and efficiency of the Solana network, allowing it to offer some of the most competitive LTV ratios in the market. The platform’s robust risk management framework continually monitors collateral to ensure that loans remain secure even during volatile market conditions. Additionally, users have full control over managing their LTV ratios with easy-to-use tools, which minimizes the risks of liquidation.
Hubble Protocol recognizes that DeFi users have diverse portfolios, so supporting a wide range of collateral types allows more users to participate in the ecosystem without needing to convert or sell their preferred assets. Whether you hold SOL, BTC, ETH, or other supported tokens, you can deposit them as collateral to mint USDH. This flexibility makes Hubble more inclusive and adaptable to a broader user base.
Liquid staking on Hubble Protocol allows users to stake their assets while still retaining liquidity, meaning they can continue using those assets in DeFi activities. For instance, you can stake SOL and still participate in yield farming or use the staked tokens as collateral to mint USDH. This dual benefit system lets you earn staking rewards while keeping your assets productive in other DeFi opportunities, maximizing your overall returns.
Hubble Protocol is progressively moving towards full decentralization, where the community will play a key role in governance and decision-making. As the protocol grows, governance tokens will be introduced to allow users to vote on protocol upgrades, new collateral types, and other crucial changes. This community-driven approach ensures that the protocol evolves in line with users' needs and maintains decentralization as a core principle.