Our Focus on Deepening the Liquidity of pHBD

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    khaleelkazi

    Published on Jun 06, 2022
    About :

    In this clip from one of our LeoFinance AMA's, we talk about how we plan to deepen the liquidity of pHBD on PolyCUB.

    It's very important for HBD to get more usage and the witnesses already helped solve the demand issue of that by changing the on-chain fixed interest rate 20% for staking HBD. This is really attractive for HBD and we can easily sell that to people of the DeFi space.

    The problem that remains to be solved is liquidity and supply. We've talked to so many whales what want to invest hundreds of thousands of dollars into HBD. They're hoping for a safe, fixed rate return on HBD but, the problem is they literally cannot get their hands on that much HBD.

    We've sent these whales to PolyCUB and they're going into the pHBD-USDC Vault and buying as much pHBD as they can without paying too much of a premium.

    So if you watch that vault you'll see it's almost always being bought to over a dollar and then arbitraged back down to match the internal market pricing of HBD because there's are whales who keeping buying in little chunks since pHBD has the most liquidity out of any HBD listing.

    Deepening the liquidity of pHBD is important to get HIVE more widely adopted, to bring more attention to LeoFinance and our DeFi applications, and for the value accrual of PolyCUB.

    We talk about this and more in this clip from the Weekly AMA!

    About LeoFinance

    LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

    Our mission is to put Web3 in the palm of your hands.

    Twitter: https://twitter.com/FinanceLeo
    Discord: https://discord.gg/E4jePHe
    Whitepaper: https://whitepaper.leofinance.io

    Our Hive Applications

    Join Web3: https://leofinance.io/
    LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
    LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
    Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
    Hivestats: https://hivestats.io
    LeoDex: https://leodex.io
    LeoFi: https://leofi.io
    Polygon HBD (pHBD): https://wleo.io/hbd

    Web3 & DeFi

    Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

    CubFinance (BSC): https://cubdefi.com
    PolyCUB (Polygon): https://polycub.com
    LEO Wrapping Bridge: https://wleo.io

    Tags :

    leofinance web3 leo blockchain crypto polycub cub polygon bsc ctp proofofbrain oneup vyb palnet neoxian

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