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

app.kamino.finance

Solana' s Borrowing, Lending, Marketing Making, and Leverage venue. Earn yield on SOL, USDC, JUP, JLP, JitoSOL, and more

Solana' s Borrowing, Lending, Marketing Making, and Leverage venue. Earn yield on SOL, USDC, JUP, JLP, JitoSOL, and more

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 5thOur 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 DiscordLink 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: <https://twitter.com/i/spaces/1OdJrzAwAaeJX>

Friday DeFi chat with UltimateJoin 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: <https://twitter.com/i/spaces/1rmxPkOqgnYJN>

Discord

Discord - A New Way to Chat with Friends & Communities

Discord is the easiest way to communicate over voice, video, and text. Chat, hang out, and stay close with your friends and communities.

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

app.hubbleprotocol.io

Hubble | Censorship resistant stablecoin | Supercharge Solana's liquidity

Hubble offers interest-free borrowing for unlimited time, for a fixed fee.

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