The New Multi-Token Bridge Future of PolyCUB | MASSIVE Value Accrual for the DAO

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In this clip from the LeoFinance Weekly AMA, we talk about the various methods that the PolyCUB treasury deploys to earn on the HBD it holds and the pHBD mechanisms that it has deployed through the new multi-token bridge contract.

pHBD has radically reshaped our vision for the future of PolyCUB. With a DAO-controlled protocol bridge to deploy tokens, we're facing an entirely new direction.

PolyCUB DAO now has the ability to release these tokenized bridge assets and earn protocol revenue through 5 methods of value accrual. This clip from the AMA podcast talks about pHBD in particular.

One of the main methods that is used is the on-chain savings rate for HBD, which is currently paying 20% yield. PolyCUB's Multi-Token Bridge has an oracle wallet on the Hive blockchain for pHBD (@p-hbd)that holds a % of HBD liquid alongside a % of HBD staked in the on-chain savings on Hive.

This ratio is kept around 50-50 to ensure that daily wraps are served while also keeping a large amount of HBD staked and earning yield for PolyCUB's Protocol Owned Liquidity (PoL).

Wrapping/unwrapping fees and vault fees will allow the Treasury to support a long-term, sustainable yield for the pHBD-USDC liquidity Pool in perpetuity.

We talk about this and more in this clip from the LeoFinance 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.

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40 comments
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pHBD has radically reshaped our vision for the future of PolyCUB.

The impact of pHBD no doubt is really impressive in changing situations positively with polyCUB and it feels good such is occuring for a better development

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In fact, seeing POLYCUB stay strong despite the bleed has been amazing. PolyCUB is really winning big with pHBD.

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It has been amazing maintaining that trend to progress

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Yes, and it can only get better with more vaults to be added to PolyCUB in the coming weeks.

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(Edited)

pHBD is going to be a stable coin no doubt. What's interesting is now the HBD of which half is in a hard wallet. The other is being staked earning yields for Polycub (pol). Everything about HBD is positive. It is amazing !

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Great to see how the integration of pHBD has opened up polycub to several way of earning possibilities for the treasury. The vault, wrapping and unwrapping should indeed help sustain it for the long term

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This ratio is kept around 50-50 to ensure that daily wraps are served while also keeping a large amount of HBD staked and earning yield for PolyCUB's Protocol Owned Liquidity (PoL).

The features pHBD is really wonderful and it's a win-win for everyone in the blockchain. A better development I'd look up too

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A lightbulb went off in my head during that section of the AMA. I had read you referring to the 5 ways before and I didn't get it. But this explanation lit the bulb. It's amazing and I hope this p-HBD and p-Hive and your other PolyCub projects light the fire under price for PolyCub.

I also thought it was interesting that your co-hosts were talking about loans based on LPe-d funds would be revolutionary as most loans on crypto collateral require the loan maker to take control of the capitol, but you already proposed that you would one day provide loans on XPOlyCub vault and the APR paid on the xPOlyCub vault would pay the interest, so it would be a self liquidating loan. Thts revolutionary, and you not only already thought of it, but your doing it soon.

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xPOlyCUB is changing my perspective on the DeFi industry and it is truly revolutionary. xPOlyCUB remains my favourite.

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Interesting ways to earn protocol revenue for pHBD with the on-chain savings and on polycub. The boost and attention PolyCub has been getting since pHBD launch has been nice. pHBD bringing out every thing positive and why stable coins are so important

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There is an incredible volatility in the crypto market right now. Stablecoin holders are not affected by this extreme volatility. But there was an incredible shift in some stablecoins, which damaged confidence. As for HBD, there is not much slippage, which is a clear indication that it is quite strong.

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Yeah stable coins are safe haven and are nice to them showing just that except for some. Good seeing HBD hold decently, I trust the peg will be much stronger has time goes on

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I absolutely agree with you. HBD has survived for a long time and is showing to be stronger than most. Maybe it will be the strongest in the future. That's why I appreciate the steps Hive, LeoFinance and PolyCUB have taken.

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I trust it will be stronger has through much learning and introduced mechanism put to make it more solid. Yeah, I also appreciate all the efforts thus far from everyone onboard to keep it thriving

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The case with HBD stablecoin is sweet but what about $UST?

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Wouldn't want to qualify UST has a true stable coin has all itflaws was revealed when it essence was much needed. It woefully failed the test of the bear market. Going forward we will see moreprojects with faulty foundations all wither away

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Bear seasons as this come to expose the flaws of systems. However, stronger systems would emerge from the knowledge of that fail.

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Exactly. Project with solid development and structure will emerge when the bear market is over.

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Agree 100%
Stable coins are the most widely used cryptocurrency tokens on the planet, and it serves to reason that promoting HIve's stable coin will increase usage of and price of Hive, along with all other Hive-Engine tokens whose value is delineated in Hive. A rising tide for HIve will raise the tide for all ships, meaning the price or value of all Hive=Engine coins.

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Indeed. The reason hbd should be well promoted. What's good for Hbd would be great for Hive. In time, I trust we'll get the desired recognition we deserve

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With these development, would we look forward to a Hive layer that will use SWAP.HBD or HBD as the main currency of trade?

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HBD is the main currency of trade. That is where all the value will reside.

Having derivatives, like HBD.swap and pHBD are needed but they are not the medium of exchange typically. That will fall to HBD.

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I'm so excited about pHBD and I can't thank LeoFinance enough for thinking this creativity and giving Hive an edge in times like this.

We're just beginning a journey into the future and it can only get better as more utility for HBD would emerge to make it more stronger.

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Same here. I must commend them for their efforts in promoting hive in a way through it's stable coin.

Looking back it has really come a long way. It can only get better and stronger

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LeoFinance from inception has been given to adding value to the Hive ecosystem. The future looks brighter even as we have new hands join the Dev team.

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True. The more hands onboard, the better for the project. Future indeed looks brighter than ever

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It's great to hear that there will be a sustainable yield for the pHBD-USDC liquidity pool. HBD and pHBD are on their way to becoming stronger stablecoin. This positively affects both PolyCUB and Hive ecosystem.

Even now we are seeing this more clearly, some stablecoins are slipping amazingly, but pHBD and HBD pretty strong.

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they have a lot of competition in this space and risk defaulting hardcore, not an investment i would make.

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So 10% comes from the savings and the rest should come from the bridge and swap fees. I think that does work out if there is enough liquidity and volume on the pool to be sustainable but I am not sure if it's enough to get to 30-40%

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I think this 180 degree change you speak about is a great idea. I am confident that this will promote price by accruing value. I also think the fact that p-HBD-USDC is accruing value much faster then any of your previous efforts is a clear objective evidence that you are on the right track to building a sustainable and valuable token. I hope you are able to apply these same strategies on Cubfinance with similar success.

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Building the PolyCUB treasury from vault and wrap/unwrap fees is a better and more organic ,way to build the treasury against the common way of buying off the market which gives a temporary price offshoot.

pHBD has radically reshaped our vision for the future of PolyCUB. With a DAO-controlled protocol bridge to deploy tokens, we're facing an entirely new direction.

It's cool to see how you guys learn alongside your development and adjust as necessary.

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