What is Hubble Protocol (HBB)

Hubble Protocol (HBB)

Hubble is a DeFi protocol built on Solana: Mint USDH stablecoin at 0% interest against multiple crypto collaterals like SOL, BTC, ETH, and others to borrow up to 90.9% LTV in USDH.

I. Project Introduction

Hubble’s mission is to democratize DeFi and make sustainable DeFi services available to the world. Hubble begins it's DeFi journey supercharging liquidity through a CDP platform minting USDH. Users can deposit multiple kinds of crypto assets like SOL, BTC, ETH, and others to borrow up to 90.9% LTV in USDH. While borrowing, users can earn yield on their deposits. These borrows are guaranteed through a Stability Pool of USDH deposits made by Stability Pool providers who pay off bad loans and earn the ~10% difference in liquidated assets. In addition, users who deposit USDH in the Stability Pool earn HBB, Hubble's governance token. Staking HBB also earns rewards from the protocol.​Hubble Protocol (HBB)

​II. Token Information

1) Basic Information

Token name: Hubble Protocol (HBB)

Total supply: 100,000,000

Tokens in Circulation: initial supply is 1.37M tokens (at TGE on 28th of January)

III. Related Links

Official Website: https://hubbleprotocol.io/

Whitepaper Link: https://docsend.com/view/wewgvqnqesapgppt

Blockchain explorer Links: https://explorer.solana.com/address/HBB111SCo9jkCejsZfz8Ec8nH7T6THF8KEKSnvwT6XK6

Telegram: https://t.me/hubbleprotocol

Twitter: https://twitter.com/HubbleProtocol

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.