How LeoFinance Plans to Attract Outside Capital to the pHBD Liquidity Pool

in #hive-16792219 days ago


Attracting outside capital to HBD pools.png

▶️ Watch on 3Speak


In this clip from the Weekly AMA, we talk about the plan for attracting capital into the pHBD-USDC pool on PolyCub. We've talked many times about how pHBD is the vital onramp and offramp for Hive-Backed Dollars to see mass adoption by a mainstream DeFi crowd.

If the HIVE Ecosystem collectively has the goal for the HIVE price to moon and HBD to get a lot of attention in the mainstream, a massive pHBD liquidity pool is needed somewhere.

PolyCub already has a great model for long-term yield which makes it the perfect place to Pool HBD for big yields - right now, you can pool HBD as pHBD-USDC on https://polycub.com/farms for 40% APR!!

This pool is likely to become the most used placed to stake and earn yield for HBD holders. Hive whales will be attracted to this because they can earn higher yields than the on-chain savings rate + have the added benefit of bolstering the onramp/offramp liquidity for other people to buy/sell HBD to get involved in the Hive ecosystem from the Polygon network.

Make no mistake, pHBD is already the premeire place for "DeFi Normies" to get involved in HBD. We're seeing daily trading volumes reach as high as $72k on pHBD-USDC.

It will take lots of marketing inside and outside of HIVE to make this happen but we believe this pHBD-USDC pool will reach $5,000,000 in liquidity this year.

Our target is to reach $500k in May and $750k in June. We'll continue our high-paced growth from month-to-month and also see the launch of the sister HBD pool as bHBD on CubDeFi.com.

Listen to the clip for the full details!

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


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I believe this is definitely a good initiative and a better way forward for more success and progress with pHBD-USDC pool in attraction to make this happen in a positive state

Posted Using LeoFinance Beta

it's pretty awesome. Im not a huge participant but doing my part. It will be interesting to see what happens when the big boys start looking for a safe haven in poly

Posted Using LeoFinance Beta

The more that pHBD-USDC liquidity grows, the greater the adoption potential of HBD through this highly important on and offramp.

We will also see an incredibly large positive impact on Polycub’s PoL

Posted using LeoFinance Mobile

I believe the pHBD-USDC pool is likely to progress with a higher liquidity and reaching the $5,000,000 this year is definitely achievable

Posted Using LeoFinance Beta

Instead of investor's dilemma I have earner's dilemma and that's something that should be pointed out on hive/leo. You are going to earn. It's impossible not to. But then how do you earn on the earnings. Not sure if I'm going to buy hive with HBD earnings, save it or farm it.

Posted Using LeoFinance Beta

If the HIVE Ecosystem collectively has the goal for the HIVE price to moon and HBD to get a lot of attention in the mainstream, a massive pHBD liquidity pool is needed somewhere.

All what we need to do on the hive blockchain is to massively support pHBD on Polygon network by wrapping HBD into pHBD for better yield for the entire hive blockchain.

Posted Using LeoFinance Beta

We need the support of the whole ecosystem to build this pool bigger! I’ll continue to put liquid funds up for it and I hope to see others do the same

Posted using LeoFinance Mobile

PolyCub already has a great model for long-term yield which makes it the perfect place to Pool HBD for big yields - right now, you can pool HBD as pHBD-USDC on https://polycub.com/farms for 40% APR!!

If only everyone could understand the rewards that's tied in 40% APR and what investing in pHBD-USDC vault could bring to them, then we all will be going to paradise.

Posted Using LeoFinance Beta

Haha exactly. And the UI doesn’t even display the built-in trading fee APY which has averaged 3-12% APY.

So the real APR for being an LP is around 3-12% APY + 40% APR. truly amazing

Posted using LeoFinance Mobile

This is awesome and bullish, if only potential investors will understand what these interests will bring to them.

Posted Using LeoFinance Beta

Times like this have shown why stable coin like HBD is needed. We must gather round to ensure HBD is marketed within and outside the hive ecosystem. Great job from you and team with PolyCub for marketing and building the liquidity around HBD. Hope to see it the 5m target by year end

Posted Using LeoFinance Beta

And I think pHBD is on its way to the target number for May. With the current market sentiments, pHBD-USDC is one of the safer havens to pool into.

Posted Using LeoFinance Beta

Make no mistake, pHBD is already the premeire place for "DeFi Normies" to get involved in HBD. We're seeing daily trading volumes reach as high as $72k on pHBD-USDC.

With the help of PolyCUB owned liquidity (Pol), pHBD has taken a good shape that will help HBD grow from strength to strength.

To me the coming of pHBD is the gateway for a LeoFinance platform and a glorious hive blockchain.

pHBD truly needs all the awareness it could get now. It current offering is the best one could find around. I trust we'll be hitting this month target of 500k and it's EOY goal. Best wishes

Posted Using LeoFinance Beta

pHBD-USDC is truly a safe haven especially in market condition we are experiencing. All support needs to go into this. The daily trading volume is quite impressive. I hope to see the numbers go up much higher in the coming months.

Posted Using LeoFinance Beta

What's up with your finger

Maybe he is trying to replace u as the only alien known to mankind 👽🤣

Polycub has so many defi products out. It's really a one shop to do anything crypto/ finance related, pHBD/USDC proves that with high rates, much more than any stable coin. If we all do our part and give support by providing liquidity into the polygon network, pHBD will become mainstream !

Posted using LeoFinance Mobile

With the terra StableCoin price crash, people that had their money on pHBD-USDC pool will be so glad they chose the right StableCoin to invest in. I hope more people outside Hive sees this and decide to take advantage of the pHBD-USDC opportunity

Posted using LeoFinance Mobile

It is really baffling that Hive ecosystem is unknown out there, hopefully HBD, pHBD pool on Polycub does its share of giving Hive the much needed exposure.
I really think we've got a badass blockchain here!

Posted Using LeoFinance Beta

Still trying to wrap my head around the pHBD and HBD analysis.
Is there a slight difference in the working of the two asides that one is real and the other is not?

We're seeing daily trading volumes reach as high as $72k on pHBD-USDC

I am wondering where the HBD is going from this trading is going. Is it just people trying to earn off the arbitrage or are people moving it back into Hive for the savings?

Posted Using LeoFinance Beta

Easy is the keyword here.
A lot of users avoid the interaction because they can't understand the benefits, when they start to understand the power of staking they turn their attention to it

massive adoption of the Hbd is what the ultimate goal is no doubt. To make this happen a lot of strings need to be pulled to make this a reality . I’m sure the Hive ecosystem will make sure to do everything possible to make the pHbd liquidity pool a massive one .
We all cannot wait !

useful clip.

It has to be said it's a very attractive option - My intuition tells me we'll have a sort of snowball effect - as liquidity increases we should get larger and larger buy-ins.

Posted Using LeoFinance Beta

You just throwing around millions and billions guys.

At the same time, my wrapping of leo worth of $30 get stuck at least once a week. And the ticket queue is looong. Bounties for delegations missing, APR percentage is wrong on most farms, pools, and vaults.
Put your shit together and fix this or you gonna lose even these couple of fools who still insisting here. Oh, and by the way: polygon chain is garbage.
Enough for today, but someone needs to say this.

Posted Using LeoFinance Beta

  • not sure why you are getting so many wrap failures. I notice yours more frequently than others. We have made the bridges VASTLY more reliable and wrap/unwrap fails happen a very small fraction of the time
  • bounties for delegations are not missing. We’ve had maybe 5-10 missed payments EVER and those were all recouperated into payouts afterwards
  • APRs on the UI are 100% accurate. We had about a 14 hour period where the API went down and we had to work all night to deploy a fix
  • polygon chain is generally harder to use but I never have issues with it. Main issue is that people don’t set high enough gas which is a UX issue primarily as that can be fixed by setting higher gas limits in metamask

I appreciate candid feedback but we are on the bleeding edge of technology. As a user of bleeding edge tech, you need to expect constant failures and constant improvements.

I know that constant improvements are being deployed because I’m a part of the team that works 80 hours per week to fix them. Expecting things to never break is a horrifyingly high expectation for new technology. A more realistic expectation is to expect that things break but also expect that the team behind it is fixing them.

If you feel that this second expectation is not being met, then using technology that is new and rapidly iterated on should not be an activity you do.

So while I appreciate candid feedback I feel that these sentiments are expectations of the first kind: expecting new technology to work flawlessly at every turn. We’ll keep pushing to improve things as we always have. Progress is our motivation.

Posted using LeoFinance Mobile

I understand how things work, so I'm still here supporting all leofinance projects. Heavy invested. Even way more than most of your fanbois. But don't expect many new investors or users to pile in and stay. They have too many problems transacting with the chain. Five heavy upvoted posts on trading don't help either. You don't need to do marketing on the leofinance site I guess.
Please don't waste your time answering me. I just want to shed some light on the dark side.
But be more realistic with numbers and promises.

Posted Using LeoFinance Beta

UX (User eXperience) issues may not seem like much, but they have been known to kill entire projects if not handled in a timely manner. Usually they are cosmetic in nature, but occasionally they mask a functional problem. The fewer UX issues exist, the better PolyCub and all other LeoFinance projects will be in the long run.

Posted Using LeoFinance Beta

Yes and as I replied above; candid feedback is always appreciated. We even deployed a whole system in discord for reporting bugs on the UIs yet I don’t see many using that to report all the bugs they interact with.

When building on the bleeding edge, we move fast and break a lot of shit. I think some expectations need to be cured to reality. The reality is that we release products and iterate rapidly to improve them - as any startup does. I’m actually quite happy with our team’s pace in terms of deploying updates and fixes. That being said, improvement is our middle name and we’ll always push to be better

Posted using LeoFinance Mobile

I just want to confirm that the LeoFinance Discord server (https://discord.gg/E4jePHe) is the place where tech support is given for trouble with anything related for PolyCub. At the PolyCub site I didn't see any indication of a Discord server, so I'm guessing that the server used by LeoFinance is being used for PolyCub tech support.

Posted Using LeoFinance Beta

Thanks for the great information. It is posts like this that keep me updated.

Posted Using LeoFinance Beta

I would like to earn 40%, I also have HBD, but I just don't know how to get my HBD into polycub or how to stake it, I just don't understand the process. (I am on Steem / Hive since 2016, but I don't know much about crypto's, wallets, coding etc, it is just difficult for me to grasp!!)

Why can't it be a simple Hive Engine type process to get coins in and out of the Polycub??? I can easily get coins in and out of Hive Engine, stake and un-stake, trade, even transfer it to exchanges etc!!

Polycub, just frustrates me.

Posted Using LeoFinance Beta

I'm just lucky I was able to claim my PolyCub airdrop! Beyond that, my experience with the site is minimal.

LeoBridge is supposed to take ERC20s from Ethereum and turn them into BEP20s for use on BSC, with the ultimate destination being CUB (a BEP20 on BSC). The website wleo.io is a special case of this where it takes Wrapped LEO from Ethereum and moves it to BSC as bLEO (the BSC equivalent of wLEO).

The bridging concept of these 2 tools should have been extended to the Polygon (MATIC) network. With all the buzz surrounding PolyCub, pLEO, pHBD, etc., there should be ways to move assets over to Polygon provided that there is sufficient SWAP.MATIC or MATIC in the wallets.

Posted Using LeoFinance Beta

Thanks for the reply and explanation.

Love this...

We'll continue our high-paced growth from month-to-month and also see the launch of the sister HBD pool as bHBD on CubDeFi.com.

When? Soon? very soon or not very soon? LOL! Not really asking, just joking, I understand from your comment: " Writing software is like playing wack a mole" LOL!

:)

Posted Using LeoFinance Beta

I didn't know how I missed this update. Being able to get outside capital to pHBD is a great step t o a more sustainable future. This is one aspect we still hope Hive heals from. We need more corporate organizations to buy into Hive assets.

This pool is likely to become the most used placed to stake and earn yield for HBD holders. Hive whales will be attracted to this because they can earn higher yields than the on-chain savings rate + have the added benefit of bolstering the onramp/offramp liquidity for other people to buy/sell HBD to get involved in the Hive ecosystem from the Polygon network.

Really cool to see the growth with the pHBD pool and it can only get better.

Posted Using LeoFinance Beta