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New Heading: Hubble Protocol: Transforming DeFi on Solana

Hubble Protocol, established by Marius Ciubotariu, a former software engineer at Bloomberg LP, in August 2021, aims to leverage the enormous potential of Solana and decentralized finance (DeFi) services. Following his participation in the Solana Season Hackathon, Marius identified the opportunities presented by Solana and made the decision to create Hubble.

Hubble is an advanced DeFi protocol developed on the Solana blockchain. As the protocol and DeFi ecosystem continue to evolve, Hubble intends to provide a wide range of DeFi services. In its initial phase, Hubble introduces zero-interest loans that can be backed by various assets, such as SOL, BTC, ETH, RAY, SRM, and FTT. As the protocol receives approval for additional collateral options, borrowers will have more alternatives for securing their loans. Borrowers can optimize their capital utilization by withdrawing USDH, Hubble's stablecoin, against their collateral. However, they must maintain a collateral ratio of at least 110% to ensure the stability of their loans. To further protect the loans, Hubble maintains a stability pool of USDH deposits provided by guarantors. If the collateral ratio of a loan falls below 110% and the assets are liquidated, the difference is covered by the deposits of the guarantors. In the upcoming phases of Hubble's roadmap, the platform will introduce new services to enhance its usefulness. Phase 2 will witness the launch of structured products, while Phase 3 will mark the introduction of undercollateralized loans.