RE: How to Wrap HBD to pHBD
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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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