Hubble Protocol Announcements

2023-05-02 18:09:21 We are thrilled to announce the launch of another Hubble vault, this time with Helium.

$HNT - $USDH is now live, with 200 weekly $HNT incentives!

The vault enables Helium & Hubble users to earn, while supporting liquidity for both tokens

Enjoooy @everyone

Vault link:
https://app.kamino.finance/liquidity/hnt-usdh-orca/CJhyKExm1sqFkcRnemEQj847TgqEsPEgE5GbiHFqntkH Buka / Bagaimana

2023-05-01 18:28:01 Our Monthly Town Hall is coming up on Wednesday, May 3rd - It's gonna be a good one

Join us in the Hubble Portals room for some juicy alpha on what's in store for vault enjoyooors

...ohh and one more thing

DRip is leveraging the power of compressed NFTs and hooked us up with some of their codes....so there might be a few of those to be had

See you there Folks:

https://theportal.to/?room=2d16d1a8-3ccc-4e28-be2f-69f6e1ebe30e Buka / Bagaimana

2023-03-29 14:35:46 Hi @everyone , quick announcement on upcoming community events.

At the top of the server you can see that we currently have 3 events lined up. Please signal your interest if you can, this helps us plan ahead of time.


Monthly community townhall - April 5th
Our monthly townhall is up again on Wednesday, 5 April @ 17:00 (GMT), make sure to join in to get the chance to get updates from the core contributors. We will be hosting this on in our Portals again and will stream live into the Hubble Discord

Link to event: https://discord.com/events/901231379587670066/1085974106891104307

If you don't want to wait until the TH, you can always walk around and discover, even if no one is around: https://theportal.to/?room=2d16d1a8-3ccc-4e28-be2f-69f6e1ebe30e



DeFi Decoded Twitter Spaces Join us for a Twitter spaces with Divine Dogs, Motley Labs & Frakt for a talk about DeFi, NFTs and NFTfi on Thursday, 30 March 2023 02:00

Link to Twitter Spaces:



Friday DeFi chat with Ultimate
Join us for a casual conversation to kick off the weekend with Ultimate Wallet on Friday, 31 March 2023 14:00 (GMT)

Link to Twitter spaces:

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Buka / Bagaimana

2022-12-06 20:29:15 We have some exciting news:

Hubble is live once again, with USDH minting enabled on all pools!

The devs have spent the past two weeks preparing the platform to get back up and running, with numerous points that have been addressed. Amongst many others, these include:

- Clearing up the final, under-collateralized loan
- Reevaluating collateral assets following the FTX crash
- Increasing the robustness of oracles & price feeds
- Introducing Proof of Reserves

Over the next few days, the content contributors will be going into some of these points in greater depth, though for immediate use of the platform, here are some key improvements/changes to note:

- BTC, SRM and FTT are no longer accepted as collateral due the direct impact of the FTX fallout
- Stability Fees have been set to 0 for the main borrowing vault: https://bit.ly/Hubble-Main-Vault
- The minimum borrowing amount of 2 USDH has been removed
- Proof of Reserves have been added to the Stats Page: https://bit.ly/Hubble-Proof-of-Reserves

The platform has been tested rigorously before going live, though feel free to reach out via Discord (discord.gg/hubbleprotocol) if you have anything to note!

Your patience & support is much appreciated; there are loads of improvements/features in the pipeline, though, as always, security will always take precedent

We look forward to working with you into 2023 and beyond!

Tweet:
https://twitter.com/HubbleProtocol/status/1600056254503821312?s=20&t=lvfLFQ4c5onGFOOYJlr6iw Buka / Bagaimana

2022-12-02 12:56:06 An official Hubble Retrospective on the FTX Crash

The article (V2): https://bit.ly/Hubble-Stress-Test-FTX

The retrospective gets into the details of Hubble's decision making throughout the crash, which measures were already in place that allowed users additional safety, and what lessons were learnt on how to build the system even more resilient.

There was a lot to cover, and it's strongly encouraged that you read through the article

Here's the thread if you're in need of a tl;dr :
https://twitter.com/HubbleProtocol/status/1598606491912753154 Buka / Bagaimana

2022-11-13 00:54:16 Just a checkin in real time of what we are doing.

We are aware that the SRM and soBTC positions pose an existential risk to Hubble and as such we are working on a solution which would have Hubble assuming the bad debt and with none passed to any of our users. Technically, we have enabled redemptions (an old feature that was never enabled due to bad UX), so we can redeem SRM and BTC at the currently trading price on Jupiter. Hubble will provide the USDH to repay and will in turn receive the SRM and BTC. Hubble will try to liquidate the two tokens on the market. This is necessary to avoid liquidations which would otherwise turn into redistributions to all debt holders.

In practice this will mean that Hubble itself will eat the bad debt with none of it passed to any of our current users.

Thanks to everyone for your feedback and pushback Buka / Bagaimana

2022-11-11 19:51:32 Due to the high assumption of risk for Solana on-chain BTC, we've decided to protect the Stability Pool from taking BTC risk and allow liquidators to take on the risk instead.

If loans are becoming undercollateralized, the mechanism of redistribution will take place and debt will be redistributed across all loans Buka / Bagaimana

2022-10-25 18:39:41 It's Part 2 of the Curve 4Pool Drama!

Buckle up, and take a trip down memory lane to a time when DAI got death threats, 20% APY attracted $20 billion, and the Degenbox was cranking leverage on that 20%. The partnership between Terra and Abracadabra takes center stage here, and then things go very wrong--before they go very very wrong:

https://blog.hubbleprotocol.io/curve-wars-and-4pool-drama-part-2/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal Buka / Bagaimana

2022-10-07 17:40:17 Looking for some good lending strategies to up your DeFi game?

We've got a few from the Solana lending community for your yielding pleasure:

https://blog.hubbleprotocol.io/best-lending-strategies-on-solana/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal Buka / Bagaimana

2022-10-05 19:29:50 Latest blog post covers the Curve Wars and the dramatics that was the 4Pool. The belligerents: Curve, MakerDAO, Terra, Frax, and even Abracadabra. Part 1:

https://blog.hubbleprotocol.io/curve-wars-4pool-part1/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal Buka / Bagaimana