RE: How to Wrap HBD to pHBD
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I believe this would be very helpful for those finding it hard to wrap HBD to pHBD and with this steps it would be more easier. Thanks for sharing this useful information it is much appreciated
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Moreso, our HBD will be kept solidly on $1 or some cents above.
Arbitrage opportunities now exist for HBD.
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We will see how well it all works out. Today there was an expansion within the HBD world. This is a big step forward. Even in the early days, there are over 100K HBD on in the LP. This is only going to grow over the next week.
That opens up a few more doors.
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Yes arb opportunities now exist. PolyCUB also has a built-in arb bot which helps pHBD maintain its peg. Profits from the arb bot are deposited into Protocol Owned Liquidity as pHBD-USDC for PolyCUB which also helps develop permanent liquidity for pHBD-USDC
A self-feeding ecosystem
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The bridges they built are rather easy to utilize. We just hope they keep improving things.
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