Attention @everyone. Stability Fee Update. The Stability Fee will be set to 2% on June 13 at 14:00 UTC.
06 Jun 2023, 16:59
Attention @everyone.
Stability Fee Update
The Stability Fee will be set to 2% on June 13 at 14:00 UTC.
Here’s a quick refresher on Hubble’s Stability Fees:
👉 The Stability Fee helps maintain the $USDH peg. A fee increase encourages users to acquire USDH from the market and repay their loans, creating upward pressure on the peg.
👉 All fees contribute to the Hubble Native Yield (HNY), which is earned by users providing USDH in the Stability Vault. As some users acquire market USDH to repay their loans or to capture HNY by depositing in the Stability Vault, this should push $USDH back to $1.000.
If you’d like to join the discussion about Stability Fees, join the Hubble Forum topic about the issue here:
For more info on Stability Fees, head to the docs:
Definitely join us for the Town Hall tomorrow: