Welcome to the latest edition of The Hubble Post. The wait is over, the big secret we've been hinting at is here, and we can finally let the cat out of the bag.
The Hubble-incubated project Kamino Finance has launched, and it attracted $1 million in TVL on its first day! We'll talk more about Kamino in a minute, but hold on to your hats, folks, because the news just keeps getting better.
Multicoin Capital Leads $5 Million Strategic Fundraising Round
Hubble Protocol set out to do some serious building on Solana. Now, as Multicoin Capital joins the Hubble team with a $5 million fundraise, our roadmap is about to kick it up a notch to help make USDH one of the most widely used stablecoins in all of DeFi.
It's a huge vote of confidence to have one of the biggest names in crypto throw their weight behind Hubble during these volatile times. Now, it's time to leverage this support to make DeFi stronger than ever.
Kamino Finance Has Launched!
What are we doing with around $15 million in total private fundraising? We're building services that optimize DeFi and make it easier to use for everyone.
Hubble Protocol is proud to announce the successful launch of Kamino, a concentrated liquidity optimizer that provides one-click solutions for liquidity providers (LPs) who want to easily earn fees from DEXs like Orca's Whirlpools.
We're certain concentrated liquidity market makers (CLMMs) will have a major impact on the capital efficiency of DeFi trading, and Kamino will play a major role in attracting liquidity to DEXs operating CLMMs by automating and optimizing users' positions.
Kamino hit a TVL of $1 million in its first day, and after passing the $3 million mark, Kamino has raised its deposit caps once again.
Core members of Hubble helped incubate Kamino Finance. Needless to say, can't wait to see the affects managed concentrated liquidity can have on stabilizing USDH and driving its demand.
One very interesting aspect of Kamino's launch is the introduction of kTokens to the market. These fungible tokens are essentially LP tokens that will be eventually whitelisted as collateral to borrow USDH from Hubble.
Learn more on Kamino Finance's website: https://kamino.finance/
September Town Hall Tomorrow at 3:30 PM UTC
We have tons of great news to talk about in this month's Town Hall, which will be hosted on the Hubble Discord. Conversation will kick off at 3:30 PM UTC, and all users are invited to share their voice.
Feel free to join and ask questions, contribute ideas, or just drop by to scoop some alpha. In the last Hubble Town Hall, we hinted at some big news coming soon, and we hope we haven't disappointed with what we've rolled out!
Until Next Time
Swing by the Kamino Discord to find the most up-to-date information about the protocol and what's going on. The community is growing strong, and we'd love to see you there.
If you can't join the September Town Hall, we will provide a summary of the meeting in future communications. There's a lot of great news yet to come, so stay tuned!
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