Currently there are three HIVE assets tradable on Polygon. These are in the form of wrapped assets and they are all brought to you by the amazing @leofinance team. These are;
and these were introduced in this order. The protocol is earning 0.25% whenever these assets are wrapped or unwrapped. SPS is on its way and I know for a fact that many other HIVE-Engine Tokens are in the talks (read comments on posts or Discord).
pHIVE Started With 236% APR
These earnings do fluctuate massively due to the high volatility in the markets as well as the novelty of the asset. It is best to not even consider the short term earnings and focus purely on the long term price potential. In this case, both POLYCUB and HIVE are exceptional investments that can go up 100X in a pessimistic scenario. That is how much I believe in both of these projects.
APR for pHIVE-POLYCUB was at 70% few minutes before I took the screenshot. If I were worrying about these changes, it will be a significant burden with diminishing returns for the short term improvements I can make to my strategy. Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes and I have observed this in action on such a great many of occasions.
Impressive Trading Volume in Mere Days
You can compare these numbers with internal DEX volumes to get an idea about how successful the launch has been. pHBD has been a bigger win for HIVE than it has been for @leofinance and HIVE whales should be feeling very happy about this. Do not forget the profitable trades that can happen when the price swings happen. As you can see in the chart, they can be massively lucrative.
We now have real case studies to show that expanding the liquidity pools help the projects to grow and prosper. Look how POLYCUB performed during the last week against BTC and Ethereum which are deemed some sort of kings that drive the direction of cryptocurrency markets:
What if there were even more assets paired with POLYCUB? What if we do the same with HIVE + HBD? Voting for this proposal is one of the ways to support the goal of expanded liquidity. @ecoinstant has been a great member of HIVE community. You can check out his past work to know that he is a capable individual that want the best for HIVE and the world at large.
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I'm Not Interested In DeFi/Yield Farming
38.46% Complete (success)
I Did Not Know About These Developments
23.08% Complete (success)
I Have Gone All In On xPOLYCUB
15.38% Complete (success)
I'm Providing LEO Liquidity
I'm Providing HBD Liquidity
I'm Looking Forward To Provide Liquidity To Other HIVE Assets