Now we finally have an official HBD-HIVE market outside Hive on Cubdefi

almost 3 years ago

In case you haven't heard the announcement from @leofinance

https://twitter.com/FinanceLeo/status/1567606298971193346

This is really a historical move. For the first time, we have an direct HBD-HIVE trading pair outside the Hive internal market. Of course, by 'outside the Hive' the HBDs and HIVEs must be the wrapped version of the native ones.

In this case, the @leofinance team has done it over BSC chain on Cubdefi.com. So the pair is $ bHBD - $ bHIVE there.

Precisely four months ago, I once blogged about this possibility:

PolyCub Daily - Can we expect a Hive-HBD pair on a DEX other than internal market soon?

What I did not foresee is that it's the Cubdefi that does this first instead of the Polycub ... Well, Polycub was a lot hotter back then... XD... I am sure we still might have such pair on Polycub one day. These two sister projects are kind of back'n'forth and progress kind of type...

The liquidity so far is only $13k and the APR is 93%. I expect the APR will eventually stays around 40% so I actually hope that you guys don't come in here too quick and let me enjoy the APR longer XD...

Current rate here is 1 Hive for 0.517 HBD, but the internal rate is around 0.524. Seems there is some room for arbitrage, but due to the small depth here it's not profitable to do that yet.