Hubble Exchange Partners with Outcome Finance (Powered by UMA Protocol) to offer KPI Options to Liquidity Providers and Traders
Hubble Exchange has partnered with Outcome Finance to offer Key Performance Indicator (KPI) options to its liquidity providers and traders. Outcome Finance provides tools for DAOs to achieve better results within the areas of financing, governance and community incentives. Its products are powered by UMA’s Optimistic Oracle. Outcome is now offering its tools on Avalanche. Hubble Exchange is the first on Avalanche to partner with Outcome Finance to use its KPI Options product.
What are KPI Options?
“KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow that KPI because their option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.”
Hubble Exchange initiated its vHubble incentive program earlier this week along with its launch on mainnet. 15% of these maker (LP) and trader incentives are in the form of KPI Options. These KPI options are set to vest when Hubble Exchange reaches $5B in cumulative trading volume. They can be executed in the future when Hubble Exchange achieves this milestone. By equipping Makers and Traders with these KPI options, Hubble Exchange DAO intends to align incentives amongst its community members in achieving greater trading volume.
“Outcome Finance’s KPI options are a pivotal solution for on-chain incentive alignment. We are excited to embark on this experiment and look forward to finding more use-cases for KPI Options to grow Hubble Exchange”
During the first month on mainnet, makers on Hubble Exchange are set to receive 0.4% of the total token supply while traders receive 0.2%. Find out more details about these vHubble incentives, including the KPI options, here.
About Hubble Exchange
Hubble Exchange is a decentralized platform for trading perpetual futures on Avalanche. Utilizing Avalanche’s low fees and highly scalable infrastructure, Hubble aims to offer a Avalanche-native experience for trading perpetual futures with its multi-collateral, cross-margin design.
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About Outcome.Finance
Outcome.Finance is the new home for KPI options.
Outcome uses UMA’s optimistic oracle to secure a suite of DAO tools to help DAOs achieve better outcomes, including KPI options, success tokens and the optimistic governor.
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About UMA’s optimistic oracle
UMA is an optimistic oracle (OO) that can record any knowable truth onto a blockchain. It tells smart contracts “things about the world” so contracts and markets asking for that data can be settled. The OO has been called “a human-powered truth machine” because it is flexible enough to handle ambiguity and expands the design space possible in web3.
The OO secures a diverse ecosystem of web3 applications, including cross-chain bridges, insurance protocols, prediction markets, and customizable DAO tooling products.
Learn more about KPI options here and get in touch with our team via Discord and Twitter.
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