1/ Today, we regretfully announce that Hubble Exchange will be closing down. Trading will cease and all positions will be wound down. The exchange will enter reduce-only mode on May 19th 13:30 UTC and positions will be settled at index price on May 20th 13:30 UTC.

Read more 👇 2/ We initiated in 2021 as a vAMM Perpetuals DEX, using the CurveCrypto invariant.

Despite launching in the bear market of 2022, V1 received significant traction and over $150M in CTV.

Liquidity is a measure of your ability to cheaply buy or sell an asset without causing significant price movement. Sufficient liquidity is an integral component of a well-functioning market.

How do you measure liquidity in an Orderbook? As mentioned, for a market to be liquid it needs to be able to absorb large orders with little price impact. This depends on two factors:

1️⃣Bid-Ask Spreads
2️⃣Order Book Depth

Hubble Exchange has handpicked @EdenNetwork as one of the pioneering partners to validate the Hubblenet.

This collaboration is a major leap towards strengthening the decentralization of Hubblenet during its early days. Eden Network, a multichain infrastructure provider specializing in the MEV space, will now operate a validator node on the Hubblenet. They have a strong background, including notable contributions to Avalanche's LST and yyAVAX, along with multiple active products on Ethereum.

Hubble Exchange’s Multiverse of OrderBooks unlocks a validator economy around an infinite array of order types, unlocking possibilities such as Private Orders, Gasless Orders, Just In Time Orders and as well as a multitude of other opportunities.

An Overview 👇 The Multiverse of Order Books is unlocked because Hubblenet's architecture is ingeniously designed to accommodate more than a single order book source.

Introducing Hubble Exchange: a Purpose-Built App-Chain for Perps

A trustless & composable trading system for perps. Hubblenet is a perp-specific chain; customized to embed a fully Decentralized Limit Order Book & its Matching Engine

Testnet: testnet.hubble.exchange

Overview👇 The chain builds upon Avalanche’s subnet-evm repo, and we deploy our solidity smart contracts to control the logic for deposit/withdraw margin, place/accept orders, pay fees, & liquidations.

What is a DLOB?

Hubble Exchange’s V1 was a vAMM based design. The vAMM was based on the CurveCrypto invariant and concentrated liquidity by itself.

Now, Hubble Exchange is moving to a Decentralized Limit Order Book.

A thread 👇 Before we dig into a DLOB, let’s first address what we know as CLOBs.

These are Limit Order Book Exchanges, but their Matching Engine is Centralized, example @dYdX v3.

Hubble Exchange is launching tomorrow. O.6% of the Total Token Supply is allocated towards Makers and Traders during the first month. 💵

Here’s a Collection of Threads on the vHubble incentives. 🧵👇 For Makers:

https://twitter.com/hubbleexchange/status/1555125897161715712

Hubble is launching on Monday!🗓

You’ve seen the threads on vHubble incentives. But what about incentives in Hubble Space Cats? 👀

Traders, Makers and Insurance Providers have a chance to earn HSC too.

(RT & Follow, 10 Hubblers will receive this NFT)

A thread🧵👇 First things first! Some of you might not know about HSC. 🐈

Space Cats are a collection of 10,000 NFTs that serve as governance tokens in the Hubble protocol until the launch of Hubble Token 🗳

You can see the collection here:
bit.ly/3Phu2Nq

Hubble Exchange will have Incentives for Traders.

💵2M vHubble, 0.2% of Hubble’s Total Token supply is allocated to these incentives in month 1.

(RT & Follow, 10 Hubblers will receive this NFT.)

Overview of vHubble Trading Rewards. A thread 👇🧵 The trading Incentives are split amongst two types:

💸Volume rewards

💰Open interest rewards.

Yesterday, Hubble had an AMA with @Avalanche_vn. Here’s 3 very important questions 👇 Q: 1. In case Hubble issues its own token in the future, will the token holders have the right to vote and govern the project under a DAO structure?

What are Perpetual Futures?

Here’s a brief explanation 👇 (1/5) Before getting into “perpetual” futures, let’s take a dive into futures. Futures are a contract that allows you to buy an asset at a pre-determined price and point in time, usually at the end of the month or quarter - this is their expiry.

(2/5)

Multi-collateral, cross-margined perpetual futures protocol on Avalanche🔺

Following are the key features of the Hubble protocol 👇 1/ Trade perps while maintaining full exposure to your favorite coins — Use multiple coins like BTC, ETH, USDC, etc as collateral.