Hubble Platform: Censorship-Resistant and Decentralised
DeFi, short for decentralised finance, is a rapidly expanding industry with so many developments that it’s difficult to keep up with the most promising networks. Solana is making a name for itself as the competitor to Ethereum and other networks in the race to build the best DeFi crypto network.
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Hubble: A Decentralised Platform That Makes Use Of USDH Stable Coins
Hubble is a decentralised platform based on the Solana blockchain, which is the fastest blockchain technology it utilises.
The company intends to offer multiple DeFi services as a protocol-integrated service and has launched USDH stable coins.
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How USDH is the next big thing
Market volatility is a common feature of cryptocurrencies. This means that coin prices can fluctuate abruptly, making it difficult for investors to decide which coin to invest in. However, Stablecoins eliminate this problem.
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Hubble, DeFi Protocol on The Solana Blockchain What Is Hubble?
Hubble is a decentralised finance (DeFi) platform built on Solana which will offer several DeFi services. The platform will allow users to borrow USDH, a stable coin, as well as allow users to yield interest on other crypto assets deposited as collateral.
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DeFi Coming to Solana with Hubble Protocol
Solana came into the picture back in March 2020. Since then, it has skyrocketed both in usage and in price. Despite the network outages that many incorrectly assumed to be the death of Solana, the network has continued to soar higher and stronger. Solana’s native token (SOL) has risen significantly since January 2021, signaling a huge interest in the Solana network by the market.
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Hubble Protocol: Now Live on Solana
Hubble Protocol is now LIVE on the Solana Mainnet, as of the 31st of January, allowing individuals to mint and deposit USDH as well as stake their HBB.
After providing the knowledge on how to use Hubble, users can now take on the next step on the platform where USDH has entered the greater Solana system.
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