Hubble Protocol (HBB)

What Is Hubble Protocol?

Hubble is a fee-sharing decentralized finance (DeFi) protocol built on Solana. Hubble will offer multiple DeFi services as the protocol and DeFi continue to mature and expand.

Hubble begins its DeFi journey in Phase 1 with a focus on borrowing and 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.

Hubble Protocol Unique Features

Hubble’s differentiating factors bring innovation to DeFi.

+Mint USDH, a 100% decentralized stablecoin on Solana

+Deposit multi-asset collateral (SOL, BTC, ETH, etc.)

+Zero-interest borrowing

+Borrow 90.9% LTV

+Yield interest on deposits while borrowing

+85% of fees distributed to HBB stakers

+Democratized liquidations through Stability Pool

Roadmap

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Hubble Protocol Token Economy

Hubble empowers its community by sharing the fees generated by the system with the HBB holders and by opening up governance in a unique way.

The HBB Token

Earning fees generated by the protocol

Governance by voting and proposing changes

Building on top of the borrowing protocol, Hubble will offer structured products and tailored lending to its community, generating customized yield and fees for the HBB token holders.

Borrowing made easy, cheap, and attractive

SOL, BTC, ETH, etc. holders, motivated to keep upside to their portfolio can spend USDH and earn yield elsewhere by taking a loan up to 110% of their collateral while keeping their tokens locked into our vaults. Upon paying back the debt they will regain access to their collateral.

There will be just a one off fee of 0.5% of the loan issued, no continuously compounding interest or fixed maturity. Debt owners can pay back their debt whenever they wish.

Earning yield on collateral

Not only do users keep upside to their collateral, but they are also able to earn yield on it! Users can opt-in to have their collateral allocated to partner protocols to earn yield.

Users will be able to choose from multiple strategies for earning yield on their collateral.

Governance for the benefit of the community

Decentralized governance, in order to be meaningful, needs to allow the most active participants in the community to have an effective voice. To incentivise participation we are combining features of existing models that we find work best, especially:

General directive proposals where development work from the core team is dictated by the community, once a quarter.

Group proposals where the community can unite to make a proposal even if individually voters wouldn’t have enough voting tokens.

Detailed Token Metrics

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Token Distribution

The token will be rewarded to the community for participating in the protocol, our advisers and investors that enable us to build the system and to the team for their hard work.

51% – Community

Rewards to depositors and stakers

LP rewards

Public sale

Airdrops

Service providers

23% – Team & Company

Team rewards & salaries, vested linearly for 12 months

Company operational costs

Events, hackathons, research grants, bug bounties

25% – Investors

Vested linearly for 12 months

1% – Advisors

People that helped us along the way, vested etc.

More details about the purpose for each group of users will be announced before launch.

Token Release Schedule

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Partners & Advisors

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Team Members

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Investors

Decentral Park Capital, Jump Capital, Three Arrows Capital, Defiance Capital, LongHash Ventures, Defi Alliance, Solana Ventures, Spartan Group, Delphi Digital, CMS Holdings, Mechanism Capital