How can we get more liquidity in the pHBD-USDC liquidity pool?
This is a question I keep asking myself. It is so important for the adoption of HBD.
Being able to swap any polygon asset directly for HBD through pHBD is essential for mass adoption in my opinion. We need more liquidity to service bigger whales.
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I noticed something weird with shushi swap today, one can't currently buy HBD from there, same with pleo, is this just from my end?
And also faced a lot of trouble trying to unwrap pLeo to leo, got me downloading metamask but still face series of more internal errors, could it still be from my end?.
Make sure you have your gas set high enough to swap on Sushiswap. There should be some tutorials out there that can help you
As far as unwrapping: the process is just to go to wLEO.io/pleo, then select the amount and click the METAMASK icon at the bottom once you hit submit. Then it will go through instantly
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I'm sure it wasn't any of this, when I went on to paraswap if I'm not mistaken, while buying pleo, there was a comparison of markets displayed below and shushi swap was indicating almost -99%
meaning that if I'm to try buy from there, I'd get 99% short of what I'm getting on paraswap, and that was really weird.
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Mass adoption of hbd will be great but there must be increase in liquidity as well , phbd is helping in solving that but to add liquidity is something that might take little bit of time. Gradually we will see more people wrapping up hbd for phbd in coming weeks
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Does this mean you would remove the USDC/USDT pairing to polyCUB and other assets or would this still be an option?
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Have you considered creating a bot that buys from the internal market? It'll be at a small premium, but the indirect effect would be tapping into HBD funds from DHF via the stabilizer and filling liquidity pools where they are needed (first on PolyCub).
It will be interesting to see how quickly pHIVE fills up. A lot more of that on the open market.
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Yeah I want to see a lot of liquidity load into pHIVE. It will actually be an even bigger value proposition for POLYCUB since pHIVE will be paired with POLYCUB directly. I think we’ll see a ridiculous amount of value pile into it
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That is key. Just keep it growing. It often feels like we are trudging along because, well, we are. However, keep the focus upon the power of convergence. That is very powerful in both tech and finance.
We are putting it all together. Each step forward helps in other areas. pHIVE is going to make a difference with POLYCUB, I agree. And that will filter to everything else on the platform.
Couple that with the reduction in emissions in a week and the end of the airdrop this week and we could see a different ballgame by next Sunday.
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I agree this is a major convergence in all the right ways. pHBD really shed some light on the best path forward for PolyCUB. I’m extremely excited
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seems like when you release lending for collateralized xpolycub, a large portion of that could flow right back into pHBD-USDC liquidity, or am I wrong?
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It’s very possible. If people want to use their Collateralized loans to LP stablecoins for a safe and reliable return on PolyCub.com, I have a feeling that will be a very popular strategy
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I think so too... and I think you're Leo team can push educating the masses through blogging in the hopes of furthering that goal
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That’s our ambition. Put web3 into the palm of your hands
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yes that's the bigger picture...but I really meant it as a solution to deepening the liquidity...which i'm certain you're already considering. great work so far, you've got my support!
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Yes absolutely. Liquidity is ridiculously important and we’re always pushing new limits to try and deepen it. For POLYCUB, we’re about to see this happen in a massive aY
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