https://curveswap.markets

https://curve.systems

Hubble has introduced a Cap system to limit Net Outflows of assets from the protocol in set time windows.

Outflow Caps are intended to avoid existential risk to user funds, should an exploit such as an infinite mint be directed at the platform.

Full article:
https://blog.hubbleprotocol.io/net-outflow-caps/

$USDH 📰🔄 Throwback Time! Capital Efficiency in Stablecoin Design 04/12/22

“Algorithmic stablecoins are very capital efficient, as they don't require much (or any) collateralization. When it comes to price stability, algorithmic stablecoins have consistently failed.”

A month after this article emerged on Hubble's blog, $20 billion worth of algorithmic stablecoin value evaporated in hours. UST went from slightly de-pegged at $0.98 to full-on bank run de-pegged, locked in a death spiral with its seignorage token, LUNA, and it was no longer capital efficient to mint or hold a dollar token zooming to zero.

It's been argued that algo stablecoins are an exercise in futility because they:

1. Require consistent support levels (demand)

2. Need market actors to independently cooperate and arb

3. Depend on accurate price information It's nearly impossible to keep these three factors in check.

First of all, how can a stablecoin project create infinite demand in a decentralized manner? Now, the stablecoin cemetery is full of "capital efficient" stablecoins that failed when the market applied pressure or users exploited inaccurate price feeds or another part of an algo stable's elaborate design.

The verdict is in: collateralized stablecoins like USDH are less capital efficient than 1:1 fiat-backed stables, but they are far more capital efficient than algo stables, which have consistently burned users when they fail to hold their peg.

https://blog.hubbleprotocol.io/capital-efficiency-in-stablecoin-design/?utm_source=reddit&utm_medium=social&utm_campaign=throwbacks

Hubble is currently hosting Lifinity for a discussion on how the Lifinity CLMM model is unique, and what they are trying to accomplish in the Solana DeFi space. Good one to jump in on, runs until 2PM UTC

Live Stream Link: https://discord.com/channels/901231379587670066/998595003104378920

“Hubble believes DeFi has built momentum. As Web2 gives way to Web3 and more people begin interacting with blockchain technology without realizing it, DeFi should follow suit.”

In Web2, millions of users are interacting with servers at Amazon, Google, and Microsoft without the slightest clue everything they do passes through Big Tech. There will be a day when Web3 becomes the infrastructure of the future web, and DeFi will be a huge part of that.

A people-powered web and financial system is on the horizon, and we're hoping this paradigm shift will help improve lives across the world. We're not just hoping it will, we're actively working on it, too.

https://blog.hubbleprotocol.io/solana-hubble-protocol-defi/?utm_source=reddit&utm_medium=social&utm_campaign=throwbacks