The major news about the Hive ecosystem, and everybody heard about it, is the increase of interest on HBD in savings from 12% to 20%.
As usual, the Leofinance team didn't fail to surprise us with an even more interesting news: The launch of pHBD/USDC Liquidity Pool on polycub!
What is the new stable pair pool? What's it's aim and why we should invest in? Will this pool sustain a higher APR on the long run?
Putting HBD into Saving is a safe solution for an investor who wants to put his money to sleep and collect passive income monthly with no risks involved.
NB: pHBD is the Polygon wrapped version of HBD on hive ecosystem. Here's a guide on how to Wrap HBD to pHBD from Leofinance: How to wrap HBD to pHBD
As the title says, this pool provides 3x more APR than HBD saving, currently on 58% APR with $230,000 in liquidity provided in less than a day from the pool launch!
Regarding the rewards, here are some specifics regarding this pair:
HBD isn't totally stable as it's price can vary from $0.90 to $1.10, with the pool and the influx of an ever growing liquidity:
Keeping HBD stable is one of the reasons why LeoFinance wants to create a $5,000,000 liquidity Pool
and to solve HBD illiquidity, if we want LeoFinance and Hive to reach outside and DEFI whales, this problem must be solved:
The problem is slippage, whales make $10k worth in a single transaction and will be extremely turned off when facing a 8% slippage:
If everything goes as planned, will PolyCub be a leading platform on Stable Coins? Will HBD gain mass adoption and become a major stable coin like USDC, UST or DAI? Can PolyCub reach $5M in liquidity? Only the future (and our efforts) will answer those questions.
Also, take part in LeoFinance contest by using the #phbd tag for a chance to win 100 HBD!
Posted Using LeoFinance Beta