The Arrival of pHIVE a New Hope For the Hive Blockchain + What pHIVE will offer the Hive Blockchain

avatar

pHBD, pHIVE and pSPS also known as the PolyCUB V2 Vault is one of the unique features of PolyCUB, LeoFinance and the entire hive blockchain. This is because it doesn't just benefit the Lions 🦁 but it benefits the entire hive blockchain and brings a sense of interaction between different Blockchains.

image.png

Source

I call pHBD the first son of the PolyCUB V2 vault because it paved the way for other V2 vaults to come through. pHBD is an experimental design made on the Polygon network to checkmate whether some aspects that could probably bring value are viable.

pHBD is the brainchild of Khal birthed out of the decision of hive witness to change the interest on HBD savings from 12% to 20% APR. This decision by the hive witness gave an innovative idea to solve the supply challenge facing native HBD from being mass adopted in the cryptoverse.

pHBD came with a very high interest on HBD but at this point it's on the Polygon network. The pHBD APR is about 57.98% and 78.49% APY. This to me is a very attractive offer and can only be resisted by those who don't understand how to make passive income.

The success of pHBD has initiated the launching of pHIVE and pSPS.

It's my pleasure to announce to you all that today marks another epoch in the history of PolyCUB, polygon and LeoFinance as well as the entire hive blockchain. We the Lions welcome pHIVE to the platform.

Why pHIVE?
Bridging ecosystems together accomplishes two major things:

  • For PolyCUB, it generates massive Value Accrual through the DAO-operated bridge
  • For Hive, it creates an onramp and offramp for users to flow in and out of the ecosystem. Yet another exchange listing on a decentralized exchange (Sushiswap) where users can freely transact and provide liquidity to earn yield in the form of POLYCUB

Creating a deep pHBD and pHIVE pool is one of our core focuses right now. After launching pHBD, we realized that there is massive value for the Polycub Protocol if we allow our multi-token bridge thesis to play out. pHBD generates a ton of wrapping fees, arbitrage revenue and overall value accrual for the PolyCub protocol. In exchange for this value accrual, PolyCUB protocol pays POLYCUB to all liquidity providers on
https://polycub.com/farms

How to Wrap and Unwrap pHIVE

pHIVE is 1:1 backed with native HIVE on the Hive blockchain. You can get pHIVE by wrapping native HIVE into pHIVE using https://wleo.io:

  1. https://wleo.io/hive/
  2. Enter your Polygon
  3. Receiving Address
  4. Enter the amount to wrap
    Done

Like her predecessor (pHBD), there's a fee of about .25% of PolyCUB owned liquidity (Pol) for wrapping and unwrapping pHIVE. This is set to increase the value for PolyCUB. pHIVE is also linked to PolyCUB through xPolycub governance and decisions on the future of pHIVE and it's rewards direction will be determined by the xPolycub governance vote.

I'll conclude by saying that the arrival of pHIVE is targeted to create more value to both the LeoFinance ecosystem and the hive blockchain, so the quickest you wrap your hive, the better for you.

Thanks.

httpss://leofinance.io/@leofinance/introducing-phive-or-bridging-the-hive-ecosystem-to-polygon

Posted Using LeoFinance Beta



0
0
0.000
0 comments