How to Wrap HBD to pHBD
How to Wrap HBD to pHBD
It's super easy and you'll get it all done in less than 30 seconds. Let's jump in:
Step 1: Visit https://wleo.io/hbd
Step 2: Enter your Polygon Address and Transfer Amount
Confirm with Hive Keychain or Hivesigner!
Step 3: See Your pHBD Land in Your Polygon Wallet!
Now you're ready to use pHBD. The contract address is: 0x6d969cea201e427d2875724fd4e8044833fbc7f4. You can utilize pHBD on https://polycub.com/farms to provide liquidity or swap it via Paraswap (my favorite) or directly on the Sushiswap UI where we listed pHBD-USDC.
Our goal with pHBD is to solve the final hurdle in turning HBD into the new UST of the crypto industry: supply.
Help us do this by adding liquidity to pHBD-USDC and seeding it for the future DeFi whales we'll attract into the Hive ecosystem!
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.
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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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The UI for wrapping HBD is just too sleek and sweet. The process is just too smooth and achievable in less than a minute.
This pHBD-USDC pool just marked a new beginning for Hive.
Thanks Leofinance Team
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I like the bridges. The pLEO one never gave me an ounce of trouble except when all of Polygon was down.
BSC was always testy. I hope the pHBD is modeled after the former.
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I have added liquidity to pHBD-USDC. It totally $19. I now have polycub staked into xpolycub. And i have 3 farms, these are all in the polygon network. Also cub staked on Bsc. Once I have more funds, I shall provide more liquidity for pHBD-USDC. These are all becoming stable coins !
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From there it will only grow. Whatever you put in will compound over time. These are designed to grow over time.
The Leofinance team is building/developing. That is a vital step in this process. Here is where we see wealth generated.
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After harvesting from my farms, no pCUB show up in "Locked pCUB", even after refreshing, waiting etc. -still 0 (should be >20). Is this a known bug? Any idea what to do?
Just added 1000 HBD into the pool. Would be a pity to move them out again.
There seems to be quirks with either the site or Polygon.
I cant claim my airdrop today. It shows it but when I go to claim it says cant complete transaction.
We will see how it is tomorrow.
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I'm currently testing and trying out how to Wrap HBD using the Trust wallet app as it is one of the most widely used app with a very friendly UI. I should make a post about that soon.
This explanation is very self explanatory. This explanation will help me to do this process without errors tomorrow. Tomorrow I will write about my experience.
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This is incredibly bullish to have achieved this feet in a short period of time. Kudos to everyone on the Leofinance front desk.
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What a good earning and sustainable platform for PolyCUB. This will take PolyCUB and xPolyCub to another.
Wrapping and unwrapping pHBD will create an avenue for more wealth for the hive blockchain.
Thanks for sharing
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It joins Polygon to Hive.
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This is amazing to see and the quick secession that it was achieved gives us more hopes in PolyCUB and the LeoFinance projects. This is good to see.
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This is one of the amazing wonders of LeoFinance community. UI wrapping on HBD is very unique and will take the Lions and the hive blockchain to its desired height in terms of HBD APR.
Another amazing job as usual.
Thanks Leofinance for the tireless effort on building up the great ecosystem for Leo and for users :)
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Noob question:
Do you need to have the pairing to deposit into the pool?
Yes in order to deposit into the pool, you need equal fiat value of both sides. So you can visit sushiswap and convert pHBD into USDC for the pair.
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Thanks man.
Note to self if I want to put a hundred bucks worth of HBD I must have a hundred bucks worth of USDC
Or you can swap $50 of HBD into $50 of USDC and add that to the pool. Of course, you have to eat some fees and some price impact from the swap.
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I'm unstaking my UST to get HBD, the issue is the supply of HBD, orders don't get filled immediately and it's sickening due to the fact that i have to do 5 figures😫😫😫. I hope pHBD-USDC can fixes this.. Thanks for this tho, shows you guys have started something. I need to make a rant post 😐
That is the main issue at the moment. Getting our hands on enough HBD is very challenging (if not impossible). For this reason, we simply need more to get onto the market. That is the entire idea behind the LP. If we can get it populated with even 1 million pHBD, that will really help the entire system out.
For now we inch along (sadly).
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Yep. You're 100% right. I'm just gonna buy pHBD using USDC and maybe unwrap it to HBD.
"Maybe"... Seeing that the APY is around 70% for pHBD compared to HBD😎. I'm definitely getting my friends into this 😂
At this point, if you are already into pHBD, I would keep farming until the yield changes. That makes the most sense to me.
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Nice 😊
Easy steps to converting hbd to pHBD. Thanks for beautiful UI for the wrapping page and all you do. Great job khal and the rest of the team
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Process seem easy and straight forward. Nice to see you guys come up with this few days after the HBD savings APR got increased. Should be throwing in some HBD into it
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Really explanatory post on how it should all go in the hbd wrapping process. Would be following this guide when I move in some funds into HBD then pHBD in a few hours. Thanks for sharing
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Having a little problem with leodex has some hive got stuck while trying to move them and buy HBD. Ticket created, I hope it gets rectified ASAP.
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The challenge with this: how do we put our hands on HBD?
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Buy from internal market at 1% premium. The stabilizer will fill your orders, up to $160K+ per day, effectively increasing the supply. Yes, you are paying a 1% premium but considering APR you can make that back in several days.
Hardly anyone is doing this, I guess people don't like money.
Very good point. Thanks for putting the amount out there. Simply take existing Hive and using the internal exchange. I will try to send this point.
If we create $160K worth of HBD a day, we will be in a strong place in a month.
Thanks for bringing this up.
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As the DHF budget grows, due to ninja funding, inflation funding, funder posts, and stabilizer returning its profits, the daily amount will also grow.
Thanks for helping to explain this. So the solution is basically time. The more that passes, the DHF will be larger allowing for more HBD to be available in the Stabilizer.
So a system of drips unless someone wants to really convert a large amount from Hive.
Glad you are helping to explain all this and clarify things. I will do a post on this to get the message out there. More people should be looking to the internal exchange.
I did take a glance, can get 1200 roughly HBD between the low ask price and maybe 1 cent higher. So like you said, maybe a 1% hit. I am sure within a few second, the new ask would appear right in the same range.
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This is a revolutionary step, thank you Team Leofinance. This is definitely the next Big Thing 😊 !PIZZA
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It's nice to see a guide. Is it possible this bridge could also fail sometimes like how LEO gets stuck sometimes?
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Oh wow! And so it is live! That is amazing! Would have to check it out, a must-try I must say :) Thank you for making it easy!
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That's a good teaching. Is simple and understanding
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Very interesting
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Amazing accomplishments, looking for your discord if you have time would love to explore the rest of your projects and possibly utilize your bridges! !1UP
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is there a guide on how to add the polycub token (contract) to sushiswap.
I might just be blind but I can't seem to find one.
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I like this your video. You just make it easy to understand.
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Am I doing it right?
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looks good, the 28 tabs we see open lets hope is not too many more lol, does that slow you down at all?
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Lol, I sweep throught tabs from left to right with everything I'm doing.
I turn my computer off from time to time and start over; this is a bad habit of mine.
Excellent information and it really is very easy to do the conversion, it's really exciting. It is not clear to me and I think it is important: How much would be the minimum that can be converted into pHBD? Thanks and regards.
As always, in ListNerds we find the best information.
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Thanks for the guide!! Finally took some time to stake phbd/usdc over on https://polycub.com/farms
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edited: solved issue.