HODL Community joins the HBD-USDC LP effort!

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Good evening Lions,

This week has been very eventful thanks to @leofinance continuing to BUIDL and develop the great LEO and HIVE ecosystems.

The current mission is to improve the HBD liquidity in order to allow outside investors to know/join the HIVE ecosystem.

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As mentioned by @khaleelkazi, a lot of whales are sitting on the sidelines due to low $HBD liquidity. Before advertising the great HBD APR available on the HIVE blockchain, we need to fix this issue.

As we have been part of the Leofinance ecosystem since almost day1 and are a very active curator on the platform, we felt we had to participate in the effort!

For this reason, we unstaked our HBD a few days ago and now we will bridge them to Polygon to join the >50%+ APR offered on Polycub!

How did we join our fellow Lions? Quickest tutorial ever

  1. We sent Hive to the Mandala Exchange (DEX similar to Binance) to buy some MATIC in order to pay for fees and later convert them to USDC on the Polygon Netowrk.

  2. Convert Hive to USDC on the Polygon Network

  3. Wrap HBD into pHBD (plenty of tutorials out there)

  4. Enjoy the nice APR and sit back!

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This is not 100k$ but this is a start and we might continue to add to it if the experiment is paying out!

Caveat!

There are 2 things you need to be aware before joining us:

  • The APR is paid in $POLYCUB not in $HBD
  • There is always risk when LPing (rugpull, impermanent losses...)
  • If you harvest before 90 days, you will lose some part of the rewards due to how the Polycub's platform works.

This is clearly intended for long-term HODLers, not for investors needing these funds in the next 3 months.

That's all :D.

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Delegate to @hodlcommunity

If you would like to delegate some HP to our community and support us; we give you back 90% of the curation rewards on a daily basis ! APR > 12% !

You can also delegate LEO Power to serve for the Leofinance Community.

By following our HIVE trail here

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How to reach us | Links

Discord Server | https://discord.gg/VdZxZwn

Posted Using LeoFinance Beta

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6 comments
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I believe the progress is definitely massive to experience in the blockchain at the moment

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You received more than 20000 upvotes.
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Support the HiveBuzz project. Vote for our proposal!
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It's nice to see you join the pool and that the pool itself isn't too far off from the peg. A 1-2% premium doesn't seem that bad.

Posted Using LeoFinance Beta

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