Make Huge Arbitrage Profits on HIVE/bHIVE & HBD/bHBD on CubFinance
Crypto Arbitraging is Profitable
Arbitraging is one of the lucrative earning options in cryptocurrency investment. Cryptocurrency arbitraging is a trading strategy in which investors/traders buy an asset on one exchange, and then quickly sell it on another exchange for a higher price. This happens because the prices of cryptocurrencies on different exchanges are not always the same. It applies to other commodities even in the traditional market setting. Smart investors therefore take advantage of those tiny price discrepancies. Some traders take arbitraging to another level by building bots and make huge profits daily basis.
I've personally tried arbitraging ona very small and playful level with hive-engine tokens. I maximize the price changes between dieselpool swaps and buy/sell orders on the hive-engine market or LeoDex. It might interest you that some double digits of dollars could be recovered daily with a capital as small as $50. This is one of the unpopular options to erning crypto investment.
The beauty of arbitraging is more vissible when there are many exchanges with huge liquidity for a particular asset. I had earlier shared thoughts on HBD arbitrage when pHBD DeFi pool was launched on the PolyCUB DeFi on the Polygon blockchain. Taking profits between $0.05 to $0.1 was a norm. This happens becuse HBD on Hive blockchain would always not maintain a $1 peg due to market pressures against HIVE with the little liquidity and order books that is available in the on-chain market.
New Market for HBD and HIVE as bHBD-bHIVE pool emerges
leoFinance is taking no chills when it comes to its resolve to democratize crypto knowledge and give access to web 3 opportunities. From CubFinance to PolyCUB to Multi-Token Bridge (MTB) to providing deep liquidity market for HIVE and HBD alongside other valuable assets in the last few months has been no mean work. A grand addition in the MTB is the listing of bHBD-bHBD DeFi pool which means that an investor can trade wrapped versions of $HIVE and $HBD on the Binance Smart Chain.
Asides the innovative deep liquidity market created for HBD and HIVE which would ease the entrants/exit of huge investor without significantly altering the price terrains, staking HBD and HIVE in the pool comes with a huge terrific APY over 40% at the moment. It is a beautiful thing that one can HODL HBD and HIVE on BSC with a whooping $CUB returns. I say HODL because unstaking Liquidity added to the pool is instant and the investor can take advantage of present market realities. This would make investing into HBD and Hive more lucrative and appealing.
CubFinance now has Three markets for HBD (trading against HIVE, BUSD, CUB) and Two foe HIVE (trading against HBD and CUB). The liquidity for those two assets sits around $400k and still growing with huge returns to LP staking. These new markes for HBD and HIVE only helps to make arbitraging merrier.
While we await CoinMarketCap to list $HBD and $HIVE for ease of tracking the prices live, an investor can head to pancakeswap to buy/sell Hive and unwrap them to HIVE/HBD on the internal market for profits.
The win-win Deal for LeoFinance and Investors
Everyone participating in the CUB project loses nothing. The APYs are juicy for LP staking, the arbitrage opportunities are massive, also, the chances of $CUB flipping to long green candles are high, especially with the CUB buy back and burn model designed by the team. The recent report on Cub's MTB shows that a whooping $500k to $1M would be raised as CUB revenue from the MTB as a result of wrapping/unwrapping, arbitrage and staking fees.
At this rate, I expect $500k+ in MTB TVL by the end of September. I also predict we'll hit $1M before the end of 2022.
This is already a bullish journey into the future even with more innovations coming. All the stakeholders in the CUB economy are to smile to the bank in no distant time as the activities around CUB continues to grow.
At this point, it is safe to say that CubFinance is a DeFi with most potential. With more than 2.4 million $CUB to be burned annually, possibility for 100x $CUB Price (ATH stands at around $13), 35% Avg APY on Stablecoin staking, over 40% APY on $HIVE staking, and a set of innovative and future-looking Team/Developers, ignoring CUB at this point would be a risky deal. @Edicted has done justice to explaining a 14 -minutes long post on Cub's New Arbitrage Strategy with insights to the opportunities opening.
CUB presents us making fronts to making wealth and any option that sits well with any investor is a legit way to go. Don't miss out! If you do not provide liquidity, then trade and arbitrage.
What is CubFinance?
A farming platform built on the Binance Smart Chain (BSC) that is part of the Leofinance umbrella of cryptocurrency and Web 3.0 applications.
What is 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.
Let's Connect
Hive: https://leofinance.io/@uyobong
Twitter: https://twitter.com/Uyobong3
Discord: uyobong#5966
Posted Using LeoFinance Beta
https://twitter.com/Uyobong3/status/1568756830666428420
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Hello @uyobong
Undoubtedly, these options that the friends of LeoFinance offer us are attractive and very profitable, and I believe that we are at the best time to invest, or well, I think so, since there is a high probability that the price action at any moment of upward impulses .
Kind regards, be well.
Very interesting content! Thanks.
Cubfinance is on BSC right?
What about opportunities of arbitrage on hive blockchain? I’ve never done arbitrage, but I could try
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I believe that BHBD and BHIVE is a great opportunity foe hivers to earn. Since we hold both the tokens so we need to pay attention to it and I expect that it is going to grow a lot.
Posted Using LeoFinance Beta
Man I hate that I've been missing out on this action. I've been so down recently and not touched my metamask in a long time.
In some way, the fact that I've literally "forgotten" my staked LPs in both Cub and Polycub is testament of the level of trust that I have in both projects.
I ran into Edicted's post about arbitraging and bookmarked it for later reading. In any case, I'm excited by this opportunity and once I finally get my head around it, I'll be arbitraging hard.
Posted Using LeoFinance Beta
I just did a little investigation. HBD is 'pumping' on SushiSwap
So, I decided that I would push the price down with some sell pressure. 😃
Neglecting fees for now. Selling 50 pHBD for Matic gives me 64 Matic. After loosing about 1% to deposit that into Hive Engine, we can convert that into 89 Hive. The 89 Hive can be sold for about 44 HBD. It doesn't feel like pHBD is really selling for more than $1. So it cannot be profitable when you take in consideration polygon transaction fees.
https://www.ecency.com/market
https://hive-engine.com/tokens
https://app.sushi.com/swap?tokens=0x6D969cEA201e427d2875724Fd4E8044833fBc7f4&tokens=MATIC&chainId=137