Introducing One-click Ownership Transfers on Hubble

The recent wallet exploit was a wake-up call for many users. For several hours, thousands of Solana's users watched their tokens disappear after a wallet leaked their private keys, and, at the time, no one knew why it was happening.

What quickly became apparent was that users who practiced good wallet hygiene were unaffected by the hack.

Some DeFi security best practices include using a hardware wallet for storing private keys in conjunction with a hot wallet for interacting with decentralized finance (DeFi) protocols. You can take this further by rotating your wallets at regular intervals (even your hardware wallet) to ensure you're starting with a clean slate.

Hubble Just Made It Easier Than Ever to Rotate Wallets

Hubble Protocol has made it incredibly simple for users to transfer the ownership of their accounts between wallets. Now, you don't have to close your positions, send tokens to a new wallet, and then open your positions again with the new wallet.

All you need to do to get started is click a button, paste your new address, and finalize the transfer of your loan and funds to another wallet.

You can transfer your USDH loans, your HBB stake, and your USDH stake in the Stability Vault from your current wallet to another wallet address with a different private key in less than a minute.

wallet rotation guide defi security
The easy way to transfer loans is here.

To begin, navigate to the Loans page and click on the "More" button on the right side of your screen. Then, click "Transfer loan." You will see a pop-up asking for the address where you want to send ownership of this account.

transfer loan ownership defi security
Copy and paste your new address, and you're set.

Please note: You cannot reverse this transaction once it goes through, so double-check you're sending your loan to the correct address! You'll see a confirmation pop-up that your loan has been successfully transferred.

You can also transfer your staked HBB and USDH by navigating to the Earn page and repeating the same process.

defi wallet security best practices
Click the "Transfer" button to send your HBB and USDH to a new wallet.

Once you've transferred your assets from your original wallet to your new wallet, you're ready to go. You can interact with the protocol by connecting your new wallet, and your loan, staked HBB, and staked USDH will be there waiting for you.

From User Request to Delivery in Under 48 Hours

Hubble Protocol is dedicated to creating the best user experience possible for everyone who borrows USDH. Since launch, we've been building a portfolio of "quality of life" updates, and many of these updates have originated from conversations with users on Discord!

The one-click transfer feature is just another one of those updates requested from the community shortly after the wallet exploit ramped down. It's a feature the devs began tackling immediately, so users could rotate their wallets quickly and efficiently for increased security and peace of mind.

Feel free to join the Hubble community on Discord, and let us know what other features you'd like to see added to the platform!

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