Why Hubble Protocol Is The Hottest IDO On The Market This January

The growth of Decentralized Finance (DeFi), on Solana, has been phenomenal. 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 28th, 2022.

Before the launch of Hubble’s stablecoin, USDH, the protocol will hold three separate HBB token launches on three different launchpads: SolRazr (link), Solanium (link), and DAO Maker (link).

There are a ton of reasons why Hubble’s IDO will be the hottest IDO in January–one that shouldn’t be missed. Here’s why anyone serious about DeFi should mark their calendars and think about getting their hands on some HBB.

Users Can Earn Hubble Protocol’s Fees By Staking $HBB

Hubble, a fee-sharing DeFi protocol, is available. It collects fees and then distributes most of the revenue to its Hubble users.

The method for receiving a share of Hubble’s revenue is straightforward: stake HBB, and the protocol’s smart contract automatically divides the collected fees among users.

Users who hold HBB will receive 85% of the revenue generated by minting USDH, which is a 0.5% one-time fee. Hubble will offer more services, so the fees it collects will rise, which will be a benefit to users of HBB.

It will be possible for users to begin staking HBB when the protocol launches on January 28th. They can also earn USDH fees. Getting HBB at launch means users can maximize their time earning a share of the protocol’s revenue by staking their tokens as soon as it’s possible.

Gaining access to Hubble Protocol’s fees is just one major utility for staking HBB. Another upcoming feature is the ability to take part in the protocol’s governance when Hubble becomes a Decentralized Autonomous Organization (DAO).

Hubble’s Stablecoin Will Be a Solana DeFi Game Changer

For many reasons, DeFi and much of the crypto community rely on stablecoins. These tokens can be used as a way to hold profits and are one of the most popular pairings with tokens in liquidity pool.

DeFi recognizes how crucial stablecoins can be by the three top projects measured in total value locked (TVL), which is Curve (a stablecoin AMM), Convex, (a protocol to boost Curve yields) and MakerDAO (the stablecoin DAI-issued project and the one that paved the path for Hubble).

Hubble Protocol will introduce a stablecoin that’s backed 15%0% by decentralized crypto collateral. This means that no central authority can “shut down” USDH. Tether has frozen assets worth $160 Million on Ethereum. They can do this only because USDT, their stablecoin is fiat-backed centrally issued.

This censorship resistance makes USDH much more like Liquity’s LUSD (even DAI is now collateralized by USDC, which is also centrally issued and backed by fiat). LUSD is only able to be created with Ethereum deposits. Hubble creates USDH from SOL, BTC and Ethereum. Hubble will also use mSOL and other tokens.

According to Decentral Park Capital and their Hubble investment thesis, USDH could become a “core Solana stablecoin” in the future as more projects use it as a store of value or, for example, use cases like margin.

USDH Launches with an Important Use Case

It’s predicted that users and even other projects will be attracted to USDH for its censorship-resistant qualities. Additionally, the demand for and use of Hubble’s stablecoin should be guaranteed at launch due to the innovation of the Stability pool.

In order to pay liquidations of other users who borrow too much, Hubble allows users to deposit USDH in the Stability pool. The Stability Pool’s USDH depositors earn 10% on any additional tokens earned after the user has been liquidated.

In essence, the Stability Pool is a way to “democratize liquidations.” It allows users to hold stablecoins while the market fluctuates as well as buy into positions in BTC, ETH, and SOL at a discount when the market drops and liquidations occur.

Users can earn the best-ranked cryptocurrency assets available for their participation in the Stability Pool. They can also get HBB tokens. Hubble rewards users who deposit in the Stability Pool with a constant drip of HBB, and that’s a huge amount of additional value for everyone who participates.

Hubble Protocol Launches Token Launches in Community

HBB can be used to manage Hubble Protocol’s DAO in the future. Hubble currently allows the community to buy HBB tokens for a low price. It distributes allocations to three different launchpads.

The launchpad is a place where tokens can be launched. It helps to ensure there are no bad actors trying to take over the token’s supply. The launchpads make it impossible for bots to do the exact same thing. Launching on three launchpads almost guarantees users access to HBB as well as the reward for stakeing the token on Hubble. You can find all the details right here.

The token launches are scheduled for the last week of January.


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