PHBD-USDC Liquidity Pool Growing Steadily

^(Source)

Evening

With all the bear market fuzz going around which have sent many stable coins down the drain, it is actually pretty amazing to see HBD being able to maintain its peg. But HBD market cap is pretty thin as compared to other giant stable coins out there, which means it can easily be manipulated by someone with deep pockets.

But the silver lining is that there is a huge room for development especially and that's what Leo Finance have been doing exactly on PolyCUB. Oh yeah I am taking about PHBD-USDC LP.

Despite stable coin market taking some serious beating since the fall of Terra's UST, PHBD-USDC LP has been getting fat steadily and nicely. As of PHBD-USDC LP is currently standing at $433,499 liquidity offering around 26% APR. I will say we are gonna see half a mil liquidity pretty soon enough.

Viewing PHBD-USDC LP in prospecting of other PolyCUB farms is interesting. PHBD-USDC LP is leading all the farms by quite some margin, thus an indicator of overwhelming support by the community.

And icing on the cake, we now have Yield Dynamics Voting meaning that xPolyCub holders can vote on their favorite farms to divert the majority share of LP rewards towards those particular pools. Considering how fat PHBD-USDC LP is in comparison to other farms, I am hoping to see the stable coin farm winning by a margin. And this would mean even more APR for PHBD-USDC LP, attracting more liquidity and so on. With heavy bearish market, jittery investors are more inclined to go for stable coin farm like PHBD-USDC.

And one thing not to ignore in all this PHBD stable coin farms is more revenues for Protocol Liquidity. I see a bright future for PHBD-USDC LP with the ultimate goal of making the PHBD swap slippage tolerable.

Hive On!

Posted Using LeoFinance ^Beta