Launching Hubble — IDO Guidelines
The DeFi landscape is constantly shifting, and new innovations are invigorating this space all the time. Hubble is an emerging Defi protocol built on Solana that makes borrowing as capital-efficient, user-friendly, and as profitable as possible.
At Hubble, Users can deposit multiple kinds of crypto assets like SOL, BTC, ETH, and others to borrow up to 90.9% LTV in USDH. While borrowing, users can earn yield on their deposits, with a much more advantages compared to swap or stake to other assets on SOL.
Hubble distributes 100% liquidations to the Hubble community. Users who deposit USDH into the stability pool will effectively swap their stablecoins for other assets at a major discount, and a small portion of these liquidations goes to fund Hubble’s treasury to sustain the protocol through its future transition into a DAO.
In addition to receiving liquidated assets at a discount, stability pool depositors are also rewarded with HBB, Hubble’s governance token, as it is emitted at regular intervals.
HBB can be staked on Hubble to receive the 0.5% fees that are generated when USDH is either minted or redeemed for collateral assets (redemptions can only be executed when USDH floats off peg as a way to help quickly bring USDH back to a value 1:1 with USD).
Hubble’s goal is to provide a one-stop shop for essential DeFi services powered by the speed and efficiency of Solana’s network.
In the 1st Phase of the projects, Hubble will feature all functionalities of borrowing and minting USDH for any assets of BTC, ETH, etc
In Phase 2 of our mission, estimated to launch in Q2 2022, Hubble venture into offering DeFi structured products, filling a space in DeFi that goes underserved.
In Phase 3, Hubble plan to offer undercollateralized DeFi loans, a revolutionary step in DeFi lending that could further bring DeFi use cases to the mainstream.
Team and backers
Hubble Protocol has closed their private sale of $3.6M from notable top-tier backers and investors including Delphi Digital, Jump Capital, CMS Holdings, Spartan, Mechanism Capital, Three Arrows/DeFiance Capital, ParaFi, DeFi Alliance, Decentral Park Capital, and DCG.
We are extremely proud to bring Hubble to our Solanium community — sharing the best with our community.
We would like to once again remind our community that once you have successfully KYC’d in any of our IDOs — you can use the same wallet address to participate in subsequent Solanium project launches (without needing to do the verification process again)
We have also opened KYC for Tier 4 and 5 (Guaranteed Allocation) stakers — Go to the sidebar and click on Identity Verification
Hubble— IDO Details
- Token: $HBB
- Price Per Token: 1
- Number of Tokens: 1,000,000 HBB
- Accepted Currency: USDC
- Total raise in Public Sale: $1,000,000 USDC
- Distribution: Vested — 33% TGE, Linear vesting for 3 months
Hubble— IDO Timeline (UTC)
- Whitelist Start: Jan 20, 2022–2:00:00 PM
- Whitelist Lottery Results: Jan 22, 2022–4:00:00 PM
== KYC for Whitelist Winners ==
- Sale Start: Jan 22, 2022–4:00:00 PM
- Distribution: TBA
How to participate in whitelist for Hubble
1️⃣ ️Whitelist Start: Jan 20, 2022–2:00:00 PM (UTC)
2️⃣ Go to https://www.solanium.io/project/hubble/
3️⃣️ Connect your Solana wallet
4️⃣ Connect your Telegram
5️⃣ Follow the tasks to increase your chance of winning the allocation
6️⃣ Participate in the Referral Campaign to gain the additional social ticket(s)
A percentage of the to-be-sold tokens will be allocated to the Social Pool.
You can collect Social Tickets by performing various social tasks such as Telegram and Twitter Tasks
A large part of the to-be-sold tokens will be allocated to Staking Pool tickets.
You can only get Staking Pool tickets by staking SLIM or SLIM-LP tokens.
Increase your Staking Pool tickets by increasing your token stake or extending your lock time
Staking pool ticket is an estimation and the final snapshot will be taken at the time of lottery results
- Please beware of the fake bots sending you messages — Do check with our amazing CM’s for any suspicious messages
- Always check the URL you’re visiting: Solanium.io
- “the HBB tokens nor the transactions for them have not been registered under the Unites States Securities Act of 1933 and any related securities may not offered or sold in the United States or to United States persons unless registered with the Securities Exchange Commission or if a registration exemption is available”