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

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 💪

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

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

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

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

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

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

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!

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

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

🔊 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 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/

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🤝

🦺 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

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

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

📢 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/

$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

🥋 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)

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

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

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"

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!

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

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/

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.

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

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

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

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"""

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🤝

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

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

https://twitter.com/Saros_Finance/status/1538144518473588737

💀 The Stablecoin Cemetery is full of tokens that failed to hold their peg to the dollar, and the numbers keep piling up! In Hubble's latest blog, we look at how some stablecoins ended up pushing daisies instead of farming yield. 📖http://blog.hubbleprotocol.io/stablecoin-cemetery/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal

Notifi notifications are live! You can now set up LTV alerts via email and SMS, free of charge🤝 Here's a quick setup guide to get started👇 http://blog.hubbleprotocol.io/how-to-use-notifi-on-hubble/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal

The community runs deep here at Hubble, so be sure to tune in to our Community Council meet this upcoming Friday! We’re holding a roundtable discussion about how to make the community not just a welcoming and fun place to be, but a fundamental part of the project itself. We want to hear YOUR input and ideas. If you’re interested, hop in the Discord and see our latest announcements for more details.

"Why $USDH? ✅ Built on #Solana ✅ Built for #DeFi ✅ Built to last Read our latest blog post, and see if USDH is the right #stablecoin for you. P.S. 😉You probably already know the answer if you're reading this message, but check out this latest piece for the feels: http://blog.hubbleprotocol.io/why-usdh/?utm_source=telegram&utm_medium=social&utm_campaign=blog_internal"

🚢 A release has just been shipped!🚢 🎩 $RAY, $SRM, $FTT deposits reenabled (including configurable caps per token) 📐 Addressing some UI errors including allowing for debts as low as 2 $USDH 💪 Increased security checks 🚶‍♂️ Quality of life changes: removed unnecessary errors, added links, improved some documentation 🏊 Added more USDH pools (Orca, Raydium), better tooltips and explanations for Vaults We should have another release coming out shortly so keep an eye out 👀

Blog Throwback🔄 Capital Efficiency in Stablecoin Design 04/12/22 “If you think the crypto market will continue to grow, then maybe crypto-backed stablecoins are more capital-efficient than you think.” The charts right now look like a toddler got their hands on a grip of red crayons, but zoom out and there's more green over the span of years. It's been over a decade since Reddit was making fun of BTC on the regular, and it looks like crypto is here for the long haul. Most of the world's currencies are backed by faith alone, but there are stablecoins, like USDH, backed by technology and innovation. If you have a smartphone in your pocket, you'll most likely agree that there's a wild journey ahead for innovations in tech. There's so much room for growth. USDH is a tool to increase the capital efficiency of this growth, and there's no limit to where this can go. $USDH https://blog.hubbleprotocol.io/capital-efficiency-in-stablecoin-design/?utm_source=telegram&utm_medium=social&utm_campaign=throwbacks

We'll keep this one brief: The maximum LTV has been raised to 80% across all assets. Stay safe out there!

With Lido Finance you can earn yield from staking AND earn yield from participating in #DeFi...wait for it... ...with the same tokens! Staking tokens is essential for securing a Proof of Stake (PoS) blockchain like Solana. However, when those tokens are staked, they can't be used for anything else unless you stake through a liquid staking protocol like Lido Finance. Learn more about Hubble's partner Lido Finance and their liquid staking tokens in our latest blog post: http://blog.hubbleprotocol.io/lido-liquid-staking/?utm_source=telegram&utm_medium=social&utm_campaign=lido_partnership

Poker Night V2 will be happening this weekend, hosted by Nova Finance! 📅 Sunday, June 5th ⏲️ 18:00 UTC 💰 Buy-in: 1 SOL Prize Structure: TBC Nova Discord: https://discord.com/invite/WYVUSn56ac Please indicate here if you're interested in joining!

Forum Proposal for a new Liquidation Protection mechanism is now live.🔒 The Proposal outlines two possible strategies we can employ to protect users from liquidations: 1. Partial liquidations via an auto-unwind mechanism 2. Stability Pool protection with USDH repayments Please join in on the discussion and give us your feedback👇 https://forum.hubbleprotocol.io/t/liquidation-protection-mechanism/218

Ready to hear about Hubble's first major stress test? Through a market crash, degraded network performance, and sheer chaos... Hubble Protocol and USDH held firm. Join us for a post-analysis: 📍 https://twitter.com/i/spaces/1mrGmaYRyznGy ⏰ TODAY, 5 PM UTC

The Notifi NFT WL is now available for all of the Hubble community! 💎 Check out: https://discord.com/channels/901231379587670066/906293655860543519/974794916796461078 for details and head over to the #Notifi-WL channel to register. First-access NFTs with lots of benefits for a project that's building the future of web3 communication, don't miss out! 📆 Wen WL Mint: May 26, 2022 5 PM UTC 📆 Wen Public Mint: May 26, 2022 9 PM UTC

Last week was hectic, to say the least! Join us tomorrow for a Twitter Spaces where we discuss Hubble's first major stress test. 📍 https://twitter.com/i/spaces/1mrGmaYRyznGy 🕓 May 19th, 5 PM UTC Before you join, you can read all about it ➡️http://blog.hubbleprotocol.io/hubble-stress-test/?utm_source=discord&utm_medium=social&utm_campaign=blog_internal Tune in and bring any related questions you may have, we encourage you to share your thoughts and join our discussion.

The first Hubble Poker Night will be taking place next week! 📅Wed, May 18 🕗20:00 UTC 1️⃣ $SOL Buy-in 💸Winner takes all Get your funds and your straight face ready Logistics details to follow!🔥

We are live people! Join us now https://discord.com/events/901231379587670066/968288124260220958