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INDUSTRY FIRST

Hubble Protocol Nets $3.6M Seed Funding From Delphi Digital, Three Arrows Capital & Others To Develop Solana’S Defi And Stablecoin Hub

Dec 16, 2021•over 3 years ago

Amount Raised

$3.6 Million

Round Type

seed

London

Description

Hubble Protocol, a decentralized finance (DeFi) and stablecoin project referred to as a supercharged "MakerDAO of Solana," has announced $3.6 million raised in a pre-IDO seed round of fundraising.

Company Information

Company

Hubble Protocol

Location

London, Ontario, Canada

About

Hubble Protocol plans three initial phases of development as the project works to expand the number of DeFi 2.0 services on Solana. Hubble's first phase centers on zero-interest multi-asset borrowing and the minting of USDH, a Solana-native 100% decentralized crypto-backed stablecoin. Phase 2 focuses on structured products; with Phase 3 on undercollateralized lending. Project team leader Marius Ciubotariu has extensive experience programming FinTech products with Bloomberg LP's London office for eight years. Hubble Protocol will follow a roadmap dedicated to becoming a decentralized autonomous organization (DAO) as the protocol leaves no stone unturned to explore the future of DeFi on the world's fastest blockchain, Solana. More information about Hubble Protocol: Website, Blog, Twitter, Telegram, Discord

Company News

(2 articles)

Fri, 31 Dec 2021 08:00:00 GMT

Hubble Protocol Launches Public Devnet And Rewards Program Ahead of IDO - CryptoSlate

Mon, 12 Feb 2024 08:00:00 GMT

Liquidity Protocols: Rewarding Liquidity Providers Through Airdrops - BitPinas

FundzWatch™ Score

Medium Activity