Hubble is a DeFi project built on Solana; the protocol mints USDH against a number of assets, allowing users to access the liquidity in their HODLed tokens via zero-interest borrowing on the Solana blockchain. What is Hubble recovery mode?
What is the Hubble protocol?
Hubble began as a project for the Solana Hackathon and has since gained the backing of leading investors in the Solana ecosystem, with the protocol’s Mainnet set for launch on January 28, 2022. The Hubble Protocol was formed in August 2021 by Marius Ciubotariu, a former senior software engineer at Bloomberg LP.
Is there a crypto bubble?
Accusations of a crypto bubble are often informed by a belief that the sole purpose of cryptocurrency is speculation. Skeptics point to the low levels of adoption of currencies such as Bitcoin within the “real” economy — for example, it is still extremely difficult to buy a meal in a restaurant or pay for most services using Bitcoin.
What is Hubble's governance token?
As already mentioned, Hubble’s governance token is the HBB token which is supported by tokenomics, which is intended to capture value for the protocols DeFi community. Furthermore, HBB may be staked on Hubble in order to earn fees from the protocol.
