Check out new collateral on Hubble! And while you're at it, earn some LDO for borrowing against stSOL.

What a time to be alive 🔥

https://twitter.com/HubbleProtocol/status/1539289658361843719

Calling all writers, graphic designers, content creators, and most importantly Hubble enthusiasts! Looking for ways to get more actively involved in the community at Hubble? Join us on our mission to make USDH a fundamental stablecoin across the Solana ecosystem with our Community Program 🤝 We’re looking for :
- Articles and guides about Hubble and USDH, tutorials, guides, etc.
- Memes, artwork, and other visual guides -
- Threads and posts about Hubble on Twitter/Reddit etc.
See more details: https://hubble.ghost.io/ghost/#/editor/post/62b20457c80761003d06cb61

The Hubble Forum is the common ground for proposals of and discussions around new ideas for the protocol💡

You may have noticed that it's been a while since the team has put out a proposal on the forum. This is primarily due to the nature of the products/updates we are currently working on. Many of these have the potential to be extremely significant once they go live, and posting about them in the forum can potentially give up the competitive edge that these products could result in for Hubble💎

More than anything, this silence is something to be excited about, and we trust that you see it in the same way.

That being said, the intention of the forum is to promote user ideas (in fact, some of the products we are building at present are inspired by user proposals). We encourage you to share your ideas there, as well as having in-depth discussions regarding the protocol🧠

Forum: https://forum.hubbleprotocol.io/

Needless to say, should you have any questions or want to discuss any ideas, the team is always ready to chat🤝

What makes borrowing USDH from Hubble a better user experience?

For one, you can take out what you put in, no matter what whales make waves.

Read our latest blog post explaining why you might prefer a CDP over a P2P:

http://blog.hubbleprotocol.io/hubble-vs-lending/?utm_source=telegram&utm_medium=social&utm_campaign=general_post"""

Sharpen your pencils for the Port Finance x Hubble Quiz !

We’ll be joining forces with our friends at Port Finance for a Quiz event this upcoming Saturday, with prizes involved Questions will be related to both our protocols, so prepare yourself by reading up the Port Finance and Hubble Protocol docs 👇

Port: https://docs.port.finance/

Hubble: https://docs.hubbleprotocol.io/

There will be a prize pool of $100 USDC to be awarded to the top 3 winners of the quiz, and in addition we’ll be doing a lottery giveaway for 3 lucky participants

How to participate:

1. Like, QT and tag 2 friends:
2. Join the Port + Hubble Discords
3. Fill out the form with the relevant details https://forms.gle/tkVDdpsY53kzdSbr8

We will have a lottery roll and 3 winners will be rewarded. Good luck !

📅: July 9th, 4 PM UTC

📍: http://discord.gg/nAMXAYhTb2

In partnership with MonkeDAO, $daoSOL has now been onboarded as collateral🔥

Initial deposit cap = 2,000 daoSOL

daoSOL is a liquid staking token, similar to mSOL and stSOL, that was launched by MonkeDAO, and can be acquired by staking SOL in daoPool
🔗 https://daopool.monkedao.io/

This is Phase 1 in a partnership that will lay the groundwork for Hubble's continued growth into the NFT space.

Here's a deeper look into what Hubble x MonkeDAO entails👇
https://blog.hubbleprotocol.io/hubble-onboards-monkedao-daosol

Join us this upcoming Thursday for a Yield Farming deep dive with Raydium! 🧑‍🌾🚜

We’ll be going over the core concepts of yield farming, what are the best practices, risks to be aware of, and strategies for different risk profiles. No better team to learn about YF with than the biggest DEX on Solana 😏

This will be the first talk in our DeFi Deep Dive series, a weekly discussion about specific topics in crypto , hosted right here in our Discord. The first topic will be Yield Farming on Solana which will cover : the basics, the best strategies, CLMM, LYF, and more.

Listeners will have time at the end of the session to ask any questions to Raydium, so if there’s anything you’d like to learn more about in yield farming, come join us!

⏰ : Thursday, July 14th 4 PM UTC

Set a reminder 👇

https://discord.com/events/901231379587670066/996483568245153843

We are in the process of doing a full-sweep update to the Hubble Docs.

🔗 https://docs.hubbleprotocol.io/

However, we envision this process as a cooperative one between the team and the community.

Our goal is to have documentation that is as robust and transparent as possible. To do so, we need your input on what information should be added to the docs, and which processes we should provide more clarity on🤝

Please provide your input in the #feedback channel in Discord (https://discord.com/channels/901231379587670066/955297641791647874)

We will be reviewing all suggestions and requests, and are open to having conversations around the ideas that are provided 💡

This is a process we take extremely seriously, and will be an ongoing one as we move forward and the protocol grows.

Deposit Cap for stSOL has been raised to 150K🚀

After reviewing the system's response to the stSOL onboarding, devs have concluded that all is well.

Safe to say that Hubble is ready to onboard collateral en masse 💪

Note #1 - As of Monday, daoSOL is accepted as collateral, with a deposit cap of 2,000
Note #2 - daoPool is currently delivering 6.8% APY on SOL deposits

Here's a link for interested depositooors👇
https://daopool.monkedao.io/

Heads up that the Ratio Finance USDH-USDC Vault is alive and kicking, currently at $1.8M TVL

Ratio is a risk-based CDP protocol that issues the USDr stablecoin against stablecoin LP positions.

To utilize the USDH-USDC vault, users can deposit into the Saber LP position (https://app.saber.so/pools/usdh/deposit) and deposit the LP tokens in Ratio to mint USDr at up to 86% LTV.

At the moment, Ratio's USDH-USDC Vault is delivering 37.95% APY

Ratio dApp:
https://app.ratio.finance/dashboard/available-vaults

Community Code: Learn, Grow, Build 🛠️

Weekly adventures in coding in the Solana solar system with Jesse Naiman


Episode #1: Building the Launchpad 🚀

- Follow along as we install all the required tools to code in Solana
- Create a base project that can host any future building

⏰ : July 19th, 4 PM UTC

📍: #Coding-livestreams

Come build with us! Pop by #coding-school channel in Discord to learn more!

We'll be hosting Lifinity in Discord tomorrow for DeFi Deep-Dive on Concentrated Liquidity💧

Lifinity's approach to Concentrated Liquidity has a few key differences from the well-known Uniswap V3 model. Our talk will cover:

- The basics of CLMMs
- What Lifinity offers as a platform
- What sets Lifinity apart in the CLMM space

We'll be joined by Durden from the Lifinity team!

📅Wednesday, July 20
⏰1PM UTC

Set a reminder here: https://discord.com/events/901231379587670066/9986082305215"

Invariant has just launched a $USDH - $USDC concentrated liquidity pool ⚡️⚡️

This is the third $USDH CLMM pool on the market, and signals the start of the Hubble x Invariant partnership 🤝

Invariant are an early-stage project, and we believe that, in the long run, this partnership will be valuable in terms of both product development, and knowledge sharing 🧠

Go check out their dApp:
🔗 https://invariant.app/swap

And here's a quick thread introducing the partnership👇 :
https://twitter.com/invariant_labs/status/1551590742598029312?s=20&t=HYlLOc20oDhS6KBDJCEGAA

30 Minute Alert: Join us for a Twitter panel discussion at 1 PM UTC with @web3cryptojobs and @MaxxFinance

Topic: After months of terrible headlines left and right, can we still trust stablecoins and crypto?

Where: https://twitter.com/GetCryptoJobs/status/1550403727181246465

🥋 AMA w/ DeFi Dojo and Calculator Guy

⏲ Tomorrow at 5 PM UTC

🤝 Join the DeFi Dojo as a premium subscriber for access to this community chat (and tons of other alpha)!

DeFi Dojo: https://discord.gg/Y4A3uhbpkk
Subscribe: https://launchpass.com/defi-dojo1/vip (30-Day Free Trial)

$USDH 📰🔄 Throwback Time!

Capital Efficiency in Stablecoin Design
04/12/22

“Algorithmic stablecoins are very capital efficient, as they don't require much (or any) collateralization. When it comes to price stability, algorithmic stablecoins have consistently failed.”

A month after this article emerged on Hubble's blog, $20 billion worth of algorithmic stablecoin value evaporated in hours. UST went from slightly de-pegged at $0.98 to full-on bank run de-pegged, locked in a death spiral with its seignorage token, LUNA, and it was no longer capital efficient to mint or hold a dollar token zooming to zero.

It's been argued that algo stablecoins are an exercise in futility because they:

1. Require consistent support levels (demand)
2. Need market actors to independently cooperate and arb
3. Depend on accurate price information

It's nearly impossible to keep these three factors in check. First of all, how can a stablecoin project create infinite demand in a decentralized manner? Now, the stablecoin cemetery is full of "capital efficient" stablecoins that failed when the market applied pressure or users exploited inaccurate price feeds or another part of an algo stable's elaborate design.

The verdict is in: collateralized stablecoins like USDH are less capital efficient than 1:1 fiat-backed stables, but they are far more capital efficient than algo stables, which have consistently burned users when they fail to hold their peg.

https://blog.hubbleprotocol.io/capital-efficiency-in-stablecoin-design/?utm_source=telegram&utm_medium=social&utm_campaign=throwbacks

📢 Here it is: the Peg Stability Module is now ready for use📢

The PSM is a Hubble-native 1:1 swap between USDC and USDH, which allows arbitrageurs to trade with less friction🤝

Frictionless arbitrage means that USDH can return to peg with much more ease than if arbitrageurs had to swap with slippage on the market. We are confident that this will be a valuable mechanic for USDH Peg Stability.

Initially, the Parameters of the PSM are as follows:
Assets: USDH, USDC
Fees: 0% for minting USDH, 0.5% for burning USDH

USDC currently in PSM: $2M
PSM Page: https://app.hubbleprotocol.io/psm

Here is our full overview of the PSM & what it entails for the protocol and USDH👇
https://blog.hubbleprotocol.io/introducing-peg-stability-mobule/

Community coding is back!

Episode #2: One Small Step for Solana, one giant leap for builders 🚀

In this episode, we’ll be getting our hands dirty with the Solana stack languages. While this may just be one small step for getting into the Solana stack, its an important part of learning to build in any language.

Check out the #coding-school channel in the Discord to learn more!

Wen: August 3rd, 4 PM UTC

Where: https://discord.com/events/901231379587670066/1003701911540748459

Read our latest blog post on the current state of stablecoins!

Regulations are looming, but how quickly will they be put in place?
What's going on in the stablecoin sector?

Find out: http://blog.hubbleprotocol.io/stablecoin-regulations-trends?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal

🦺 Stay safe out there, folks!

1️⃣ Limit phone exposure until Saga
2️⃣ Use a Ledger
3️⃣ Ignore rando people and links

Read about these DeFi security tips and more, including how to avoid a $5 wrench, in our latest post:

http://blog.hubbleprotocol.io/defi-security-best-practices/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal

Solana Summer Trading is back with a bang, with two FamousFoxFed NFTs up for grabs for trading $FOXY token on jup.ag over the next 7 days💸

One FFF will go to $USDH / $FOXY trades, with another going to any $FOXY trades, courtesy of @JupiterExchange

The prizes are awarded via a raffle system, so users with the highest volume don't win by default. Instead, you can get raffle tickets by:

- Total volume
- Total trades
- Volume per trade
- Consecutive days traded

Here's an overview of the rules👇
https://blog.hubbleprotocol.io/solana-summer-trading/

Massive shoutout to the big brains over at HelloMoon_io, who keep track of all the raffle tickets, and make sure the prizes are awarded fairly. The trading competition would, quite literally, not be possible without them🤝