Hubble Protocol Nets $3.6M Seed Funding From Delphi Digital, Three Arrows Capital & Others To Develop Solana’S Defi And Stablecoin Hub
Hubble Protocol Nets $3.6M Seed Funding From Delphi Digital, Three Arrows Capital & Others To Develop Solana’S Defi And Stablecoin Hub
12/16/21, 6:42 AM
Location
londonMoney raised
$3.6 million
Round Type
seed
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 Info
Location
london, ontario, canada
Additional Info
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