Hubble Protocol (HBB)

What is Hubble Protocol

In Phase 1 of development, Hubble is a DeFi protocol that mints USDH against multiple assets allowing users to access the liquidity in their HODLed tokens through zero-interest borrowing on Solana. With Hubble’s borrowing platform, you can:

• • Borrow USDH interest-free for as long as you’d like
  • Deposit multiple cryptos to mint USDH: SOL, BTC, ETH, RAY, SRM, FTT, and more
  • Yield positive interest on collateral deposits (earn while you borrow)
  • Earn 85% of the protocol’s fees by staking HBB
  • Earn liquidated assets and HBB by depositing USDH in Hubble’s stability pool

Hubble will expand its services with Phase 2 and Phase 3. These phases will introduce structured products and undercollateralized lending. Hubble intends to explore the universe of possibilities for DeFi on Solana, and that means consistently working on new features and discovering new ways to support the Hubble community’s participation in DeFi. HBB is a utility token of the project. HBB can be staked on Hubble to earn fees from the protocol. In the future, HBB will be used to vote on improvement proposals as Hubble DAO's governance token.