Mostly because of timezone privilege, I got to sell quite a few HBD during the pump. At first I bought Hive on the internal market for down around .30 and then I looked at Polycub and tried hard to supress my nausea and "fear of ETH"™ in order to use the pHBD / USDC liquidity pool.
Somehow I managed to turn around 800 HBD into 2000 USDC via Sushi swap. I'm not sure I completely believe this is real yet, but when the price comes back down to $1 I think I'm going to add some liquidity to that pool with my new USDC and see what happens.
As I understand it now, if you have liquidity in the pool and the Koreans do their pump thing, all you have to do is unstake and you'll end up making money?
I hope that's right...
Whatever it is, pHBD vs USDC is by far the most liquid market I can easily access.
What I'd really like to know is if there is a DeFi way without a centralised exchange of getting BTC out of the whole Polygon system?
Yes that is the opportunity. Being involved in the Polycub (and now cubfinance) liquidity pool allows for the dumping of pHBD in that instance for USDC. You will get more USDC for your phBD.
Then things return to normal, you can alter it.
So it is an opportunity to make a nice return if you time it right.
Posted Using LeoFinance Beta