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
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
Saber: Solana AMM
Saber on Solana
Saber is an automated market maker for trading assets on Solana.
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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!
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!
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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"
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"
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
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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
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
invariant.app
Invariant - AMM DEX provided concentrated liquidity
Discover Invariant, Solana's most efficient AMM DEX. Concentrated liquidity ensures top-tier capital efficiency for all DeFi traders.
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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
Topic: After months of terrible headlines left and right, can we still trust stablecoins and crypto?
Where: https://twitter.com/GetCryptoJobs/status/1550403727181246465
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🥋 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)
⏲ 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)
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
👍1
$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
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
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📢 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/
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/
app.hubbleprotocol.io
Hubble | Censorship resistant stablecoin | Supercharge Solana's liquidity
Hubble offers interest-free borrowing for unlimited time, for a fixed fee.
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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
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
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
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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
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
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🦺 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
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
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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🤝
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🤝
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Get ready for Thursday (tomorrow):
📺Crypto Basics - Leveraged Yield Farming with Francium. Learn about LYF and how to go long/short/neutral with leverage.
⏰: 11 AM UTC
📍: https://discord.com/events/901231379587670066/1006872428988878978
Then, calling all big brains looking to score a Ledger and some cash 🧠 Join the Hubble Quiz on yield farming, CLMMs and LYF. Prizes to be won!
⏰: 4 PM UTC
📍: https://discord.gg/7uwQjm9Tevent=1006242425280417882
Prepare for the quiz by reading our blog posts on each topic 👇
Basics of YF: https://blog.hubbleprotocol.io/yield-farming-crypto-basics/
CLMMs: https://blog.hubbleprotocol.io/what-is-clmm/
Leveraged YF: https://blog.hubbleprotocol.io/what-is-leveraged-yield-farming/
📺Crypto Basics - Leveraged Yield Farming with Francium. Learn about LYF and how to go long/short/neutral with leverage.
⏰: 11 AM UTC
📍: https://discord.com/events/901231379587670066/1006872428988878978
Then, calling all big brains looking to score a Ledger and some cash 🧠 Join the Hubble Quiz on yield farming, CLMMs and LYF. Prizes to be won!
⏰: 4 PM UTC
📍: https://discord.gg/7uwQjm9Tevent=1006242425280417882
Prepare for the quiz by reading our blog posts on each topic 👇
Basics of YF: https://blog.hubbleprotocol.io/yield-farming-crypto-basics/
CLMMs: https://blog.hubbleprotocol.io/what-is-clmm/
Leveraged YF: https://blog.hubbleprotocol.io/what-is-leveraged-yield-farming/
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
🔊 Quick announcement:
Get to grips on yield farming quick with Francium stopping by the Hubble Discord.
Less than 1 hour until we demo some strategies:
https://discord.com/events/901231379587670066/1006872428988878978
Get to grips on yield farming quick with Francium stopping by the Hubble Discord.
Less than 1 hour until we demo some strategies:
https://discord.com/events/901231379587670066/1006872428988878978
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
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Security article coming your way🔐
There has been no shortage of exploits over the past few months. It's become clear that, for the time being, the best approach to ensuring your own safety is maintaining a measure of skepticism when interacting with DeFi protocols.
DYOR has never been a more apt recommendation than it is at present. We’ve written up an ELI5 piece on how exploits happen, what audits are, and how you as a user can maximize your own safety.
It's a good read for anyone with a few minutes to spare👇
https://bit.ly/exploits-audits-security-hubble-blog
There has been no shortage of exploits over the past few months. It's become clear that, for the time being, the best approach to ensuring your own safety is maintaining a measure of skepticism when interacting with DeFi protocols.
DYOR has never been a more apt recommendation than it is at present. We’ve written up an ELI5 piece on how exploits happen, what audits are, and how you as a user can maximize your own safety.
It's a good read for anyone with a few minutes to spare👇
https://bit.ly/exploits-audits-security-hubble-blog
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Excited to share that we are now participating in Marinade Governance🤝
The $mSOL/$USDH Orca Whirlpool is now open for voting in the Marinade Liquidity Gauges, with an additional 960 $MNDE emissions already going to the pool with current voting.
As things stand, this implies a ~10% increase of $MNDE emissions on the pool🚀
To participate in the voting:
1. Lock up your $MNDE in a Chef NFT (https://marinade.finance/app/mnde/)
2. Head to Marinade’s Gauges on Tribeca (https://tribeca.so/gov/mnde/nftgauges/liquidity)
3. Go to the $mSOL - $USDH Pool
4. Cast your vote
The $mSOL/$USDH Orca Whirlpool is now open for voting in the Marinade Liquidity Gauges, with an additional 960 $MNDE emissions already going to the pool with current voting.
As things stand, this implies a ~10% increase of $MNDE emissions on the pool🚀
To participate in the voting:
1. Lock up your $MNDE in a Chef NFT (https://marinade.finance/app/mnde/)
2. Head to Marinade’s Gauges on Tribeca (https://tribeca.so/gov/mnde/nftgauges/liquidity)
3. Go to the $mSOL - $USDH Pool
4. Cast your vote
old.marinade.finance
Marinade | MNDE token
Learn about how the MNDE governance token functions in the Marinade DAO.
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Hubble x Solend Giveaway is now live🚨
To celebrate the cToken launch, we're giving away a pool of SLND + USDH!
Here's how it works:
We're thinking of a number between 2 and 200. To win:
- Mint this number of USDH from the cToken Vault
- Like and RT the tweet below:
https://twitter.com/HubbleProtocol/status/1572909982068408320?s=20&t=epnpwSpAA4rOUPIxS8MR0w
And follow both Hubble and Solend🤝
The more RTs the post gets, the more tokens we'll be giving away!
Good luck, folks!
To celebrate the cToken launch, we're giving away a pool of SLND + USDH!
Here's how it works:
We're thinking of a number between 2 and 200. To win:
- Mint this number of USDH from the cToken Vault
- Like and RT the tweet below:
https://twitter.com/HubbleProtocol/status/1572909982068408320?s=20&t=epnpwSpAA4rOUPIxS8MR0w
And follow both Hubble and Solend🤝
The more RTs the post gets, the more tokens we'll be giving away!
Good luck, folks!
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How can you find the best crypto lending rewards on Solana?
A new Crypto Basics guide👇
https://blog.hubbleprotocol.io/best-crypto-lending-rewards-solana/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal
A new Crypto Basics guide👇
https://blog.hubbleprotocol.io/best-crypto-lending-rewards-solana/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal
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Heads up! We’ve got our first ever metaverse AMA kicking off right now, hosted in Portals, by the Portals team🔥
Jump in now👇
https://theportal.to/?room=963f644b-ba2b-4589-862d-459ba25f611e
Jump in now👇
https://theportal.to/?room=963f644b-ba2b-4589-862d-459ba25f611e
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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
https://blog.hubbleprotocol.io/curve-wars-4pool-part1/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal
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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
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
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