pHBD-USDC Pool VS competitor StableCoins Platforms
A few days ago, PolyCub launched the newest and most anticipated pool on its DEFI platform: pHBD/USDC liquidity Pool:
pHBD-USDC is Now Live! | HBD is About to Get a $5,000,000 Liquidity Pool
So I've been curious about where this pair stands among other well-know StableCoins DEFI Vaults competitors! so let's get right into it!
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pHBD/UDSC pool
What makes this pool special is the pair composition of 2 Stable coins which leads to little to no impermanent loss in addition to other advantages:
- 48% APR and 60% APY are massive rewards for a stable coin liquidity pair!
- Rewards are in PolyCub, PCub price after is stabilising at 30 cents range and most likely will go up in the future => even higher APR
- Zero Deposit Fees on this pair
- APR can be adjusted through PolyCub Governance
Source
Anchor Protocol
Anchor protocol is a DEFI lending platform based on Terra blockchain and allowing investors to Stake UST for 19.54% APY. The deposited UST is used for collateralized loans and generate profits from the borrow APR.
This protocol was one of the reasons for the increasing demand on the governance Token and current TVL is at a whopping $19,18 Billion! Let's hope the same will happen for HBD/HIVE/POLYCUB.
Stargate Finance
A platform that allows a cross-chain bridge for stable coins in a couple of clicks on an eye-catching UI with a $2 Billion in TVL. its popularity came from the 20% APY offer for staking USDT/USDC/BUSD from different chains including Polygon, Ethereum, BSC and Fantom.
For the time being, APY for farming are currently at 10%-8% paid in STG Token.
Balancer
One of the top AMM DEFI on the ethereum blockchain with $3.45 billion in TVL. You can provide liquidity not only for stable coins but in many other assets too.
Speaking of the stable pool, the APR is at 4.8%-11.78% paid in BAL Token
Keep in mind that you won't need to provide all these assets to provide liquidity on this pool, depositing only a single asset is enough to earn APR from the pool.
Curve
You can't speak of stable coins without mentionning Curve. It's the first AMM that provides swapping between stable coins for extremely low fees and slippage and keeps expanding to multiple blockchains from Ethereum to Harmony, Fantom and Optimism.. holding a TVL at $20.4 Billion.
However the APR is not that attractive compared to the vaults mentionned eralier.
The most lucrative stable coins pool can be found on Avalanche: 3pool UST/USDC/USDT paying at to 16% APR in CRV token
Conclusion
| Vault | APR | APY |
|---|---|---|
| PolyCub pHBD/USDC | 48% | 60% |
| Anhor Protocol | - | 19.54% |
| Stargate USDT | - | 9.5% |
| Balancer Stable Pair | 11.78% | - |
| Curve Avalanche 3Pool | 16% | - |
As you can see, the pHBD/USDC pool APR is by far higher than it's well-known competitor and 3x more than the closest platform in term of APY.
Keep in mind the the APR can vary depending on the total liquidity deposited and the price of PolyCub in addition to its emission rate.
PS: Don't miss the chance to win 100 HBD by participating in the writing contest
Posted Using LeoFinance Beta
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The pHBD-USDC pool has massive potential. HBD native has massive potential as well.
To unlock that potential, we need liquidity to enter the pHBD-USDC pool. Whales need both on-ramp and off-ramp liquidity and pHBD is the perfect balance to achieve that.
Through POLYCUB governance, I expect a lot of yield to get directed to this pHBD-USDC pool. One day soon, Hive whales will catch on that the best way they can build Hive is by adding liquidity to this pool
Posted Using LeoFinance Beta
That's for sure, more liquidity needs to be provided! As I was checking there is still a significant slippage when trying to swap $1000 which the whales doesn't want.
Hopefully liquidity will pick up after additional yield will be allocated for the Stable Pair!
And a great pleasure finding my post shared on the official LeoFinance Twitter account!
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I'd honestly prefer the Balancer, due to the fact that I won't need to provide all assets in order to provide liquidity to the pool, and depositing just a single asset in order to earn APR from the pool, is fabulous.
Posted Using LeoFinance Beta
Agree that's pretty cool to be able to earn rewards for providing a single asset thus no impermanent loss for you! But then I generally avoid Ethereum network because of the Tx fees.