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

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Dear Hive community and Leofinance community,

As you might have known the exciting latest development on Polygon Cubfinance, aka PolyCub (https://polycub.com), yield optimizer platform that we now have two Hive related pools on Sushiswap DEX over Polygon network:

  • A $pHBD-$USDC stable coin pool (now with 44% APR and 384k Liquidity)
  • A $pHIVE-$POLYCUB pool (now with 127% APR and 44k Liquidity)

Since we now have respective mirrored version of HIVE and HBD as $pHIVE and $pHBD on Polygon thanks to @leofinance, it would naturally for me to try swap them on Sushiswap and the following is what I get:

1 pHIVE can be traded into 0.712 pHBD there! Wow! This is really exciting! It's not Hive internal market, it's the EVM Polygon network that many crypto traders use out there!

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But let's not get too excited. Since these two are not directly paired together so it has to go through the pHIVE-USDC-pHBD route (I suspect there is an omission of $POLYCUB?), there is huge slippage there if you swap more than 1 $pHIVE like this (raise it to 100 $pHIVE and slippage is HUGE!):

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But the dream is there - a deep enough HIVE-HBD pair on a low-fee DEX other than internal market. A HIVE-USDC pair would be great too! (the former will certainly bring the latter as now we have pHBD-USDC pool)

It would be thrilled to see this happens SOON!

Don't you think!?

Have you PolyCubbed or Cubbed^^ today?

Stay tuned ...

Posted Using LeoFinance Beta

leofinance defi polycub hive hbd dex sushiswap polygon palnet
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4 comments
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We cant even get enough HBD in one LP, how are you going to get it on others.

Posted Using LeoFinance Beta

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good question. I suppose why we don't have enough pHBD is due to awareness or longevity concerns rather than incentive (40% APR) so I think with time we will be able to prove it's legit and let more whales know about it.

Also, I am not sure how LP works. If we can pair pHIVE with USDC and get it enough depth, does it mean that an efficient swap between pHIVE and pHBD will be efficient enough? (since USDC can bridge) if so, we will have a working pHIVE-pHBD swap on Polygon and no need to introduce a pool specifically. But I am not sure about it though...

Posted Using LeoFinance Beta

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