Hubble has implemented a DEX powered by Jupiter on its USDH borrowing platform.
Hubble has improved the user experience on its platform for borrowing USDH with the addition of a Jupiter-powered DEX.
LONDON, UNITED KINGDOM, June 30, 2022 /EINPresswire.com/ — One of the leading stablecoin projects on Solana has added a decentralized exchange (DEX) to its platform. The addition of a DEX powered by Jupiter Aggregator makes Hubble Protocol a one-stop shop for decentralized finance (DeFi) on Solana.
In conjunction with the launch of Hubble’s DEX, Hubble and Jupiter have created a trading competition based on tokens paired with USDH. Users who swap through USDH pairs on Jupiter will be eligible to earn $1,000 in USDH every week.
The first week of trading competitions will include participation from STEP’N, the move-to-earn gaming project built on Solana and the Binance Smart Chain (BSC). The STEP’N trading competition will feature $4,000 in rewards distributed in USDH, GST, and GMT.
A different USDH liquidity pair will be selected for each competition period. Pairs will be updated on a weekly basis, and Hello Moon will track the data used to distribute tickets to potential winners. Users earn tickets to enter the USDH giveaways depending on the volume and frequency of their token swaps on Jupiter, the leading liquidity aggregation platform on Solana.
Jupiter Aggregator has become one of the most powerful DEX aggregators in all of DeFi. When users swap their tokens through Jupiter, they are offered the best rates Jupiter can access from hundreds of routes through over a dozen automated market makers (AMMs).
Jupiter currently facilitates Solana swaps through around 3,500 routes and for about 8,000 unique wallet addresses a day. Users have swapped over $18 billion worth of crypto tokens through Jupiter, which reflects millions of dollars saved through the efficiency of Jupiter’s aggregation services.
Implementing a…
