Hubble Protocol
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Hubble Protocol - overview
Established
2021
Location
London, -, UK
Primary Industry
Financial Services
About
Founded in 2021 by Marius Ciubotariu and based in London, UK, Hubble Protocol operates as a provider of decentralized finance (DeFi) and Stablecoin cryptocurrency. In December 2021, Hubble Protocol raised USD 10 million in venture funding by investors Crypto. com Capital, Digital Currency Group, CMS Holdings, LLC, Parachain Ventures, ParaFi Capital, and The Spartan Group. Hubble Protocol develops a financial platform on the Solana network that allows users to borrow USDH and HBB tokens, forms of Stablecoin cryptocurrency, against other assets like BTC, ETH, and SOL, as well as allows users to yield interest on other crypto assets deposited as collateral.
HBB tokens allow users to earn rewards, as well as participate in decision-making on the platform by voting on various proposals on the platform. The company's platform allows long-term borrowing, lending, and structured products. The platforms's 6 main features are: HBB staking, minting USDH, borrowing on Hubble, earning yield, earn liquidated assets, and stability pool. The company plans to use the funding to expand its team and develop DeFi products.
Current Investors
The Spartan Group, Three Arrows Capital, Digital Currency Group
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.hubbleprotocol.io
Verticals
FinTech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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