Hubble Exchange recently launched native perpetual futures on the Avalanche network. The integration opens new options for futures traders with collateral flexibility and capital efficiency.
It will also allow traders to collateralize several tokens to buy and sell perpetual futures contracts. This development will unlock the ability to offer exposure to virtual assets while leveraging their use as trade perpetuals collateral.
Currently, Hubble supports hUSD (Hubble Virtual USD), BTC, and ETH as collateral. It plans to add Avalanche, BTC, and ETH-native assets in the coming time. The exchange is known for offering several trading options with a unified user experience.
It supports cross-margining, which uses PnL from one position to increase leverage or offset losses. Thus, it presents a simple way to help users maximize their capital efficiency. In addition, liquidity providers on Hubble can also collateralize assets while offering liquidity.
They can earn trading fees on liquidity by offering liquidity on leverage, which goes up to five times. This way, liquidity providers can best use their assets on the Avalanche network.
Candy Carpet, Hubble Exchange’s core contributor, talked about the latest integration. As per Carpet, decentralized derivatives are ready to consume market share from Binance and FTX in a short time. The financial market is on the verge of a revolution where decentralized alternatives can dominate the domain of the perpetual future.
Hubble Exchange believes Avalanche can provide the reliability, scalability, and speed needed to address such modifications, added Carpet.
After launching on 8th August, Hubble Exchange initiated the Ignition Period, where it collected liquidity. As soon as the period was over, it started the liquidity mining and trading incentives. Its first vAMM is AVAX – PERP. In addition, trading pairs like ETH – PERP and BTC – PERP will also be released sometime.
Liquidity providers and traders can bootstrap trading and liquidity in AVAX – PERP vAMM to generate vHubble incentives. Traders can earn 0.2% of the total token supply in the next month, while liquidity providers can earn 0.4% of the supply.
With such rewards and features, Hubble Exchange will quickly surge in popularity and market recognition.
