Hubble Protocol
Hubble Protocol is a decentralized borrowing platform built on Solana that allows users to borrow USDH stablecoin against multiple collateral types at 0% interest. The protocol combines capital efficiency with robust risk management.
Client
Hubble Protocol
Services
Smart Contract Development, DeFi Platform, Solana Development, Protocol Design
Industry
Decentralized Finance
Date
2024
Challenge
Existing lending protocols on Solana suffered from capital inefficiency, high interest rates, and limited collateral options. Users needed a way to unlock liquidity from their crypto holdings without selling, while maintaining composability with other DeFi protocols.
We needed to build a highly efficient lending platform that could support multiple collateral types, maintain a stable peg for USDH, handle extreme market volatility, and provide seamless integration with the broader Solana DeFi ecosystem while ensuring protocol security and solvency.
Solution
We developed a sophisticated lending protocol on Solana that enables 0% interest borrowing of USDH stablecoin against diverse collateral types. The platform uses advanced liquidation mechanisms and stability pools to maintain the peg and protect the protocol.
The protocol features multi-collateral support (SOL, mSOL, stSOL, etc.), efficient liquidation mechanisms with stability pools, yield-bearing collateral integration, and seamless composability with other Solana DeFi protocols. The system is designed for capital efficiency while maintaining robust risk parameters and decentralized governance.
Client's
feedback
Hubble Protocol provides the most capital-efficient borrowing on Solana. The 0% interest and multiple collateral options have made it our go-to platform for unlocking liquidity.
Chris Anderson
DeFi Strategist at Solana Capital