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RE: UST, Algo stables and pHBD arbitrage opportunity
I just checked: it's 0.25% for wrapping and unwrapping so 0.5% total which is why the arbitrage isn't so profitable
pHBD Wrapping and Unwrapping Fee: a 0.25% fee is accumulated when wrapping and unwrapping
0E-8 BEE
The times I wrapped HBD, I was charged a flat rate of 0.25 HBD for it though.
Also, assuming the 0.25% fee for conversion, if HBD is 98 cents and you convert 25 HBD, you're still making decent profit because the fee will only be 0.065 HBD(0.25% of 25). Your profit for wrapping or unwrapping will be like 0.499 HBD because you're making 2 cents per dollar.
If you factor in the 5-20 cents you'll pay in Matic as gas fee, you're still making profit.
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