About the coin

Hubble Protocol is an innovative decentralized finance (DeFi) protocol built on the Solana blockchain. It allows users to deposit multiple assets to mint USDH, a stablecoin, at a loan-to-value (LTV) ratio of 90.9%. The protocol is designed to offer users the ability to earn positive interest on their collateral deposits, essentially allowing them to earn while they borrow.

Main features

Hubble Protocol offers several key features to its users. One of the primary features is the ability to provide liquidity in the Stability Pool, which helps maintain the system's health. Users can also participate in in-house liquidations, ensuring the protocol remains stable and secure. Additionally, the protocol has its native token, HBB, which users can hold and stake. By staking HBB, users can earn USDH rewards and will soon be able to participate in the project's governance.

How it works

The protocol operates by allowing users to deposit various assets as collateral, which can then be used to mint USDH. This process is facilitated by the Solana blockchain, known for its high speed and low transaction costs. The Stability Pool plays a crucial role in maintaining the protocol's health by absorbing under-collateralized debt. Users who participate in the Stability Pool are rewarded with USDH and HBB tokens. The protocol's governance, which is expected to be introduced soon, will enable HBB holders to have a say in the future development and management of the platform.