Looking everywhere it would be no surprise to see that HBD has made a breakthrough to getting liquidity which has been an issue. There has been numerous post talking about HBD and the wrapped version of HBD (Hive Backed Dollar) pHBD.
The Leofinance team has been superb with linking up HBD with the polygon network just after hive witnesses increased HBD savings from 12% - 20% which is attracting and mouthwatering to increase the supply of HBD.
This HBD 20% increase struck base because it puts HBD, the oldest algo stablecoins among the top stablecoin which inadvertently would usher whales into hive ecosystem.
The launch of PolyCUB has held DeFi investors into Hive ecosystem especially with pHBD-USDC liquidity pool.
There's certainly no way that anyone would get deep into pHBD-USDC pool without knowing about HBD and the Hive ecosystem.
The deal right now is everyone on hive blockchain has their own roll to play as I read @taskmaster's post even as we celebrate the deepest liquidity pool that is currently at $238k that is with pHBD-USDC.
HBD seems to be the main deal now for the hive to gain momentum.
There are options now to generate HBD which includes setting reward payouts at 50/50, feasting from the 20% APR when HBD is in savings and finally wrapping HBD as pHBD and placing in the pHBD-USDC pool in with PolyCUB.
HBD is a game changer now with PolyCUB as investors, we'd certainly like our more to work for us and investing in a stablecoin is the best way to stay calm and not think of the risk of investing in cryptocurrency.
DeFi space with PolyCUB which stands with hive because it's the leofinance team that is behind the project which inevitably has hive in the core front.
At this point, what would sound more interesting, saving HBD and getting 20% APR or wrapping HBD to polygon network as pHBD and staking as pHBD-USDC with 57.26% APR.
One thing I know for sure is that whatever boat is driven in, we'd still float in the deep waters of HBD because liquidity has already started.
The truth anyways is that this post is to create awareness that providing $5 million liquidity for HBD with pHBD-USDC is needed and the journey has already began.
It's not for one but for all.
I want to feel safe so if I have that huge sum that makes me a whale, there's only one stop with the best rewards that could make me safe, want to take a guess?
Yeah, you guessed right staking in pHBD-USDC liquidity pool.
There's no way to complain that there's less HBD to be accumulated because if I'm not wrong, with the pool, 10k HBD could be gotten at a time from the polygon network with 0.25% wrapping and unwrapping fee.
Time waits for no one, although we are allowed to take our time before we make our move especially when it deals with money.
The Leofinance team have also said that the would stay above 30% APR though since pHBD-USDC pool went live, the APR has been declining slowly.
Take your time but pHBD-USDC pool is available in the next bitcoin, Bitcoin 2.0 PolyCUB.
Thanks for visiting my blog, till next time.