Hubble, a lending protocol built on the Solana blockchain, empowers users to leverage their assets and obtain stablecoin loans.
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Hubble, a decentralized lending protocol built on Solana, offers users the opportunity to borrow the stablecoin USDH using their own assets as collateral. This allows users to access liquidity while still holding onto their long-term investments. Additionally, Hubble has its own native token, HBB, which will eventually serve as the governance token once Hubble transitions into a decentralized autonomous organization (DAO).
What sets Hubble apart is its unique fee structure. Instead of imposing a continuous interest rate, Hubble charges a one-time fee of 0.5% for minting and redeeming USDH. This distinguishes Hubble as a Solana-based alternative to MakerDAO, providing users with a different approach to decentralized lending.
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