HBD and Polygon(Matic) ? It's Happening!
HBD and Polygon(Matic) ? It's Happening!
There's been a lot of talk for HBD here on Hive for a while now. First it was trying to get it stable which is still very difficult to do and still wildly swings from $0.90 to $1.10 when things start to get choppy with markets. As of late it has been doing half decent but more can and will be done and that's giving HBD some use cases so more is used and more demand is put on to it further increasing the supply of it. This increase of supply means when larger sums are either bought or sold the system no longer has to auto correct those huge gaps.
For example if you have 100,000 HBD and someone moves just $5,000 worth that's a massive 5% of the supply which would drop it or raise it by 5%. Now put this to a million dollars or multi million dollars and you can start to see how it has less impact and the stabilizers in place should be able to quickly move the price peg back to where it belongs.
Some have offered to build pools in other DeFi systems however they really have no connection directly to hive and well that just sucks. So what is the team over at LeoFinance doing?
The Big HBD / Hive News
The introduction of HBD and HIVE into liquidity pools for Polycub! This is actully huge news and allows everyone on hive to become a part of the system even if they don't have any LEO tokens to put in. This is also going to introduce Hive more directly with other chains such as Polygon(Matic) and in a way Ethereum. That has the potential of massive amounts of value to be added into the defi system and allow you to now capitalize in more ways on your hive and HBD earnings from postings and interactions on the hive blockchain.
From the sounds of it this HBD will be put into savings earning it that nice 12% which will help to fuel the DeFi token of Polycub. This also starts to put some pressures on HIVE itself as more people using it. That increased pressure means a increase in price the the supply of Hive continues to be limited with more use cases and possibly converted into HBD.
Posted Using LeoFinance Beta
https://twitter.com/bitcoinflood/status/1507898964951113735
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Same 12% on polycub?
Yay! 🤗
Your content has been boosted with Ecency Points, by @bitcoinflood.
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
What about Hive itself? How will it be introduced to Polycub?
Posted Using LeoFinance Beta
I think the plan is to have a HIVE LP also.
But the key is getting a massive LP for HBD and another use case.
Posted Using LeoFinance Beta
I did not understand the mechanism well as I am not a native speaker, I may have misunderstood some words. however I have been putting my HBDs in the savings section lately and I think I will continue to do so. Thanks for sharing information
It is a big step forward, that is for sure. We are going to see a lot of great things with HBD over the next year I believe. It is a vital part of the Hive ecosystem and can help to really make it stand out.
Posted Using LeoFinance Beta
Thanks for the information. I need all the help I can get to keep up.
Posted Using LeoFinance Beta
Khal just doing his own thing and driving Hive forward.
The platform owes Khal a lot more than it gives imho.
Posted Using LeoFinance Beta
facts there a part of the hive community that are power hungry and just trash people I don't get it. If there's one negative of hive it's that and downvotes lol