The Hubble Exchange is basically a decentralized perpetual futures on Avalanche. Hubble allows participants to trade $HBB by using multiple coins as collateral. It permits cross margining in automatically utilizes tokens from one position to either ofset losses or increase leverage in others.
As collateral for these products, a wide variety of crypto assets such as AVAX, BTC, ETH and USDC can be used. Another cool feature is that derivative positions can be tokenized and hence traded on secondary markets or used on other protocols, something that is uniquely possible in DeFi.
Hubble utilities a virtual Automated Market Maker ( AMM) based on crypto curve and variants. These are no real assets pool inside the AMM itself. Instead the real assets is stored in the smart contract vault that manages the all of the collateral backing AMM and AMM is used for pricing of the perps. This is how the marked price is determined.
Hubble allows for the tokenization of perpetual positions that can be used in the other DeFi protocols. This is the potential of open up in entirely new use cases. For example, using a perpetual positions as a collateral on lending platforms.
People can start trading perpetual futures, which is a huge market. Most of the derivatives trading still happens on centralized exchanges like Binance and FTX but with the user base gradually shifting towards decentralized alternatives and Avalanche continuing to gain capital and users,
With the rise of faster, better, and optimized L1s and L2s, we are in a pivotal time in history when for the very first time, there is an opportunity for a decentralized alternative to take a real shot at the perpetual futures market.
Hubble is ready to take that shot.
About Avalanche
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green.
Such an infrastructure piece is imperative for a futures exchange because the markets need to react quickly in response to asset price changes, especially during volatile times.
Conclusion :-
Hubble exchange is a another dapps like Snowball or Dexlalot which I believe has the potential of the truely showcase the capabilities of Avalanche. I believe 2022 is the big year for Avalanche and in big part of that is the innovative dapps on the platform that challenge services typically offered by centralised exchanges.