Solana Ecosystem

Hubble Protocol

A DeFi protocol on Solana for minting USDH stablecoin against multi-asset collateral including SOL, BTC, ETH, and liquid staking tokens. Hubble pioneered the multi-collateral CDP (Collateralized Debt Position) model on Solana, allowing users to deposit diverse assets into a single vault to borrow USDH at low interest rates while maintaining exposure to their collateral.

IDhubble-protocolAliasHubbleAliasUSDH

Plain meaning

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A DeFi protocol on Solana for minting USDH stablecoin against multi-asset collateral including SOL, BTC, ETH, and liquid staking tokens. Hubble pioneered the multi-collateral CDP (Collateralized Debt Position) model on Solana, allowing users to deposit diverse assets into a single vault to borrow USDH at low interest rates while maintaining exposure to their collateral.

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Hubble Protocol (hubble-protocol)
Category: Solana Ecosystem
Definition: A DeFi protocol on Solana for minting USDH stablecoin against multi-asset collateral including SOL, BTC, ETH, and liquid staking tokens. Hubble pioneered the multi-collateral CDP (Collateralized Debt Position) model on Solana, allowing users to deposit diverse assets into a single vault to borrow USDH at low interest rates while maintaining exposure to their collateral.
Aliases: Hubble, USDH
Related: Stablecoin, DeFi (Decentralized Finance), Liquid Staking
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Concept graph

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Branch

Stablecoin

A token pegged to a stable asset, typically the US dollar. Major stablecoins on Solana include USDC (Circle, natively minted), USDT (Tether), and UXD (algorithmic). Stablecoins are critical DeFi primitives used as trading pairs, lending collateral, and yield farming. USDC on Solana uses the SPL Token program with freeze authority retained by Circle.

Branch

DeFi (Decentralized Finance)

Financial services built on blockchain smart contracts that operate without traditional intermediaries (banks, brokers). DeFi includes lending, borrowing, trading, insurance, and derivatives. Key properties: permissionless (anyone can participate), composable (protocols can be combined), transparent (open-source, auditable). Solana DeFi TVL has exceeded $5B, led by Jupiter, Raydium, Marinade, and Kamino.

Branch

Liquid Staking

A mechanism where staked SOL is represented by a transferable token (LST) that accrues staking rewards while remaining usable in DeFi. Instead of locking SOL with a validator, users deposit into a liquid staking pool and receive tokens like mSOL (Marinade), jitoSOL (Jito), or bSOL (BlazeStake). LSTs typically appreciate against SOL at the staking APY.

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DeFi

Stablecoin

A token pegged to a stable asset, typically the US dollar. Major stablecoins on Solana include USDC (Circle, natively minted), USDT (Tether), and UXD (algorithmic). Stablecoins are critical DeFi primitives used as trading pairs, lending collateral, and yield farming. USDC on Solana uses the SPL Token program with freeze authority retained by Circle.

Web3

DeFi (Decentralized Finance)

Financial services built on blockchain smart contracts that operate without traditional intermediaries (banks, brokers). DeFi includes lending, borrowing, trading, insurance, and derivatives. Key properties: permissionless (anyone can participate), composable (protocols can be combined), transparent (open-source, auditable). Solana DeFi TVL has exceeded $5B, led by Jupiter, Raydium, Marinade, and Kamino.

DeFi

Liquid Staking

A mechanism where staked SOL is represented by a transferable token (LST) that accrues staking rewards while remaining usable in DeFi. Instead of locking SOL with a validator, users deposit into a liquid staking pool and receive tokens like mSOL (Marinade), jitoSOL (Jito), or bSOL (BlazeStake). LSTs typically appreciate against SOL at the staking APY.

Solana Ecosystem

Hxro Network

A derivatives infrastructure layer on Solana providing a shared on-chain risk engine and order book for parimutuel and perpetual futures markets. Hxro enables other protocols to build derivatives products on top of its infrastructure rather than creating their own matching and risk systems. The network supports prediction markets, perpetuals, and structured products through composable smart contracts.

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Solana Ecosystemaccess-protocol

Access Protocol

A content monetization protocol on Solana where creators stake ACS tokens and subscribers lock tokens to access premium content, replacing traditional paywalls with a staking-based model. Subscribers maintain access as long as their tokens remain locked, earning staking yields while supporting creators. The protocol enables a non-extractive relationship between content producers and their audience.

AliasACS
Solana Ecosystemgrape-protocol

Grape Protocol

A community management and identity verification tool on Solana enabling token-gated access, reputation scoring, and community analytics for DAOs and projects. Grape allows communities to set membership requirements based on token holdings, NFT ownership, or on-chain activity, creating verified community spaces with tiered access levels and contributor reputation tracking.

Solana Ecosystemtulip-protocol

Tulip Protocol

The first yield aggregator on Solana, automating auto-compounding strategies for Raydium, Orca, and Saber LP positions. Launched in 2021, Tulip simplified yield farming by automatically reinvesting earned fees and rewards back into liquidity positions. The protocol operated during Solana's DeFi Summer period and wound down operations around 2023 as the yield farming landscape evolved.

AliasTulip
Related terms

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DeFistablecoin

Stablecoin

A token pegged to a stable asset, typically the US dollar. Major stablecoins on Solana include USDC (Circle, natively minted), USDT (Tether), and UXD (algorithmic). Stablecoins are critical DeFi primitives used as trading pairs, lending collateral, and yield farming. USDC on Solana uses the SPL Token program with freeze authority retained by Circle.

Web3defi-general

DeFi (Decentralized Finance)

Financial services built on blockchain smart contracts that operate without traditional intermediaries (banks, brokers). DeFi includes lending, borrowing, trading, insurance, and derivatives. Key properties: permissionless (anyone can participate), composable (protocols can be combined), transparent (open-source, auditable). Solana DeFi TVL has exceeded $5B, led by Jupiter, Raydium, Marinade, and Kamino.

DeFiliquid-staking

Liquid Staking

A mechanism where staked SOL is represented by a transferable token (LST) that accrues staking rewards while remaining usable in DeFi. Instead of locking SOL with a validator, users deposit into a liquid staking pool and receive tokens like mSOL (Marinade), jitoSOL (Jito), or bSOL (BlazeStake). LSTs typically appreciate against SOL at the staking APY.

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Solana Ecosystem

Phantom

The most popular Solana wallet, available as a browser extension and mobile app with multi-chain support (Solana, Ethereum, Polygon, Bitcoin). Phantom provides token swaps, NFT management, staking, and a built-in dApp browser. Known for its clean UX and rapid feature adoption, it has become the default entry point for most Solana users and consistently ranks among the top crypto wallets by active users.

Solana Ecosystem

Solflare

A Solana-native wallet offering browser extension, mobile, and web interfaces with deep staking integration, hardware wallet support (Ledger), and a built-in dApp browser. Solflare was one of the first Solana wallets and provides advanced features like stake account management, token metadata display, and priority fee controls. It supports the Solana Wallet Standard for seamless dApp connectivity.

Solana Ecosystem

Backpack Wallet

A multi-chain wallet developed by Coral (the team behind xNFT protocol) that combines MPC and self-custody models. Backpack pioneered executable NFTs (xNFTs) that embed full applications inside NFTs, enabling a decentralized app store experience within the wallet. It supports Solana, Ethereum, and other chains with a focus on developer extensibility and programmable wallet experiences.

Solana Ecosystem

Backpack Exchange

A regulated cryptocurrency exchange built by the same team behind Backpack Wallet (Coral). Licensed in multiple jurisdictions, it offers spot and perpetual futures trading with a focus on the Solana ecosystem. Backpack Exchange integrates tightly with the Backpack Wallet for seamless fund transfers and aims to bridge the gap between centralized exchange liquidity and self-custodial wallet experiences.