Hubble Protocol Closed $10 Million Financing with Three Arrows Capital and others

TokenInsight news, Hubble Protocol, a Solana-based DeFi protocol, has closed a $10 million round of funding with participation from Three Arrows Capital, Jump Capital, ParaFi, Mechanism Capital and others. The raised funds will be used to expand the team and develop DeFi products. Hubble is reportedly expected to launch its mainnet on January 28 and will launch its zero-percent lending platform, where users can stake the platform's native token $HBB to mint stablecoin $USDH. In addition, the protocol will conduct its IDO on SolRazr, Solanium, and DAO Maker from January 20 to January 26.