LeoFinance Weekly Dev Update:
- pHBD
- Bonding
- LeoMobile V1
- LeoDesktop
- LeoMerge
pHBD
As you're probably well aware, HBD's fixed interest rate on the Hive blockchain has been raised to 20% over the past week. This is an extremely bullish change for the Hive ecosystem - putting the value prop of buying HBD and staking it right front and center with top 10 cryptos like Terra (LUNA) and their UST Algo-Stablecoin.
HBD is the longest standing algo-stablecoin in all of crypto. Yes, that is a fact. Most people have no idea that HBD exists. Even less people have ever tried to buy a large stake in HBD to deploy it for yield.
The Hive Witnesses raised the HBD Fixed Savings Rate to 20%, which has solved the demand issue for HBD. Now there is a massive potential demand to own and stake HBD.
The problem remains: supply. If you want to get your hands on $100,000 in HBD, how would you do it?
Right now, you'll take nearly a 1-5% haircut on your $100k to buy HBD from places like the internal market, Bittrex, and internal conversions.
Now that the demand problem is fixed, we're aiming to solve the supply problem with PolyCUB.com.
PolyCUB is releasing a pHBD-USDC vault and we're aiming to drive $5,000,000 in liquidity to it. You can read the full details here.
This vault is going to radically change the dynamics of HBD. Opening up the potential for HBD to have large levels of supply to support the onboarding of DeFi whales. $5M is just our initial target. In the long-run, we would like to have a great deal more in liquidity to support a much larger influx of users.
We believe that HBD is a killer app for the Hive ecosystem. It's a long-standing algo-stablecoin and offering a 20% fixed APR is extremely attractive to the DeFi space right now.
We'll need the help of everyone on Hive to make this liquidity pool deep. This will benefit the entire Hive ecosystem and benefit PolyCUB as usage of pHBD will lead to large revenue streams through:
- pHBD Wrapping/UnWrapping Fee
- pHBD-USDC Vault Fee
- Base APR Earned on % of Cold Storage-Backed HBD
- Arbitrage on HBD - pHBD
These 4 revenue streams all feed directly into PolyCUB's protocol owned liquidity which owns assets like BTC, stablecoins like HBD, etc.
For HBD, creating a deep source of supply is necessary for mass DeFi adoption.
For PolyCUB, creating the deepest source of liquidity for HBD will lead to one of the Protocol Owned Liquidity's largest sources of revenue on the pHBD service. We've run the math under a few scenarios with different pHBD stats on how much is wrapped and unwrapped, deposited for LP, arbitraged, etc. and this could potentially add hundreds of thousands of dollars to the Protocol Owned Liquidity on a yearly basis.
The key now is releasing it and gaining traction from the entire LeoFinance and Hive Ecosystem. We need everyone to rally behind pHBD and create a lot of liquidity there. Then, we'll work with our press release partners at Cointelegraph, Bitcoin.com, etc. to talk about the 20% fixed interest rate on HBD, how pHBD works and why DeFi whales will start buying HBD and staking it on-chain for the fixed 20% yearly rate of return.
As you can probably tell, our team is ridiculously excited about this opportunity both for the Hive ecosystem and for the potential to add a large revenue stream to the PolyCUB Protocol Owned Liquidity.
Bonding
Yes, bonding soon. Everyone (including Neal) has been highly anticipating the release of PolyCUB bonds.
We've been in the testing phase since the launch of PolyCUB to ensure that the launch of Bonding goes smoothly. After working out some UI issues, we've been running test bonds on a daily basis to work out any final kinks.
When bonding goes live, we're also going to release some Protocol Owned Liquidity (PoL) stats on how big the PolyCUB treasury is and how big it continues to grow.
With the current price of POLYCUB, it's pretty clear that the treasury is going to surpass the total market cap in the sooniverse. This makes the risk-free value of POLYCUB rise even beyond its current price level. Bullish on buying the bottom is an understatement.
LeoMobile V1
LeoMobile has been in open beta since around November of 2021. We've been working on a large number of bugs as well as preparing new features that we believe are necessary for the launch of the app in the full App Store on IOS (currently in Testflight).
Right now, we're fixing 2 regression issues before merging the current codebase into production. Along with these, we're finalizing the last few features needed to go live in the IOS App Store:
- Notifications ✅
- Advanced Internal Linking ✅
- Tag View ✅
- Sign In With Apple ✅
- Full-Text Search 🕦
Once these features are completed, we'll push our update to production on Testflight and simultaneously push the app into the full App Store as well. It may take some time for it to get approved in the full IOS store but all of the V1 features will be available immediately for download in Testflight on IOS and Google Play store on Android.
LeoDesktop
Currently, we're building a few updates for LeoDesktop (https://leofinance.io). The next feature we're deploying is a massive update to LeoInfra which:
- Integrates the LeoMobile LeoInfra version - allows for Facebook login and simultaneously logging in between LeoMobile and LeoDesktop to the same Hive Lite account
Once we've completed this LeoInfra integration, we'll push forward on our roadmap which leads us to the convergence of LeoMobile and LeoDesktop: LeoMerge.
LeoMerge
This is the convergence of LeoDesktop and LeoMobile. Our dev team is working separately but together on the LeoDesktop and LeoMobile frameworks. We've hired on more than 3 devs in the past 30 days to work on LeoMobile and LeoDesktop and this is highly important for the future of LeoFinance.
LeoMerge will bring the codebases of LeoDesktop and LeoMobile together into one "super codebase". This singular codebase is where our dev team will converge and eventually start only building from here. This will dramatically speed up the integration of new features, testing process and release schedule for updates since all updates on LeoMobile will also be compatible with LeoDesktop.
When the LeoMerge occurs, users will see an entirely redesigned Desktop UI that will be based on the LeoMobile UI.
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The key is that we are focusing LeoDesktop on the Content Creator experience and we are focusing LeoMobile on the Content Consumer experience.
When LeoMerge goes live, you'll notice that logging into LeoDesktop directs you right into the content creation UI. Encouraging you to create great content for LeoFinance.io.
Meanwhile, when you log into LeoMobile, it will direct you right into content that it thinks you'll enjoy and engage with. It will encourage you to upvote and comment on content rather than create your own content.
Our roadmap is currently:
- Deploy V1 LeoMobile
- Integrate LeoMerge
- Converge Dev Teams on New Features for LeoMobile/LeoDesktop (Threads, Community Pages, etc.)
We've been working on LeoMerge since around January of this year. We need LeoMobile to be ready for V1 before LeoMerge can take place and we are closer than ever to achieving this.
All will be unveiled in the sooniverse.
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.
Posted Using LeoFinance Beta
Every week they bring new and better updates, wow I love the huge commitment they put into this, congratulations, I will look forward to the desktop app.
Posted Using LeoFinance Beta
Things keep moving forward. It shows what happens when projects focus upon development.
Posted Using LeoFinance Beta
Totally true, and now there's more to come, I'm sure of it.
Posted Using LeoFinance Beta
This can be applied to a lot of things. A number of areas I am seeing some terrific growth opportunities. We will see what rolls out.
Posted Using LeoFinance Beta
I just wish every other tribe/community on Hive pushes in similar or more efforts, then, Hive would have become a destination for every crypto and blockchain enthusiast.
Posted Using LeoFinance Beta
That is true. What would Hive look like if there were 5 or 6 Leofinances taking place at the same time.
Posted Using LeoFinance Beta
I do too, but in the other communities I don't see a leadership and commitment like in this community, they do have their commitment but in their own way. That's why leofinance doesn't drop from the first place of the most successful community in Hive.
Posted Using LeoFinance Beta
Thanks @fabian98! We'll always keep pushing the bounds of what we can achieve. I believe we're still in the early stages of everything. So much is left to be built and our team continues to expand exponentially
Posted Using LeoFinance Beta
With leofinance there is no limit right now, it plans to keep growing until it reaches maximums in continuous development every month.
Posted Using LeoFinance Beta
Amazing development quite here.
Hearing out about the leomerge is quite a good one for the first time.
I think with the hbd interest rate set at 20% is quite a tempting option for investors and this will create a whole lot of supply for the hbd market flow.
Is there any future plan or development concerning the Leo mobile
It is more than tempting. For a stablecoin return, it is very powerful.
Posted Using LeoFinance Beta
Now we just need the right supply availability and marketing. PolyCUB will handle both of these!
Posted Using LeoFinance Beta
You mean this section? ;)
Posted Using LeoFinance Beta
Currently base on my own opinion, their is nothing bigger and better than the 20% fixed APR on HBD right now,that alone as everyone in the community a boost to do more in time of investing more.
Posted using LeoFinance Mobile
It is one of the most aggressive out there.
Posted Using LeoFinance Beta
100%. Time to compete with top 10 coins like UST / LUNA
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Our goal is to truly build HBD into something to compete with the likes of UST and Terra
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What a fantastic development well done and I certainly can't wait to see this expand. I do have one question, why did the team choose USDC and not UST?
Posted Using LeoFinance Beta
Is UST on Polygon?
Posted Using LeoFinance Beta
Nope. USDC is the most prominent stablecoin on Polygon. Along the same lines, we'd pair HBD against BUSD if we decide to launch bHBD on CUB
Posted Using LeoFinance Beta
Oh wow didnt know that, probably would work out better using native pegs.
Posted Using LeoFinance Beta
I didnt think it was.
Posted Using LeoFinance Beta
Ah ok, didn't know that. Looks like they're missing out on a market.
Posted Using LeoFinance Beta
The same could be said for HBD.
Posted Using LeoFinance Beta
Bingo! Can not wait for the Hive boom!
We are making serious progress.
I do need to ask if we can get account-specific notifications on mobile? I would like to set notifications for a few accounts and get a buzz every time they post an article but there is no way to do that right now I think.
Keep up the good work!
Posted Using LeoFinance Beta
That is why success will ensure. Things are moving forward.
Posted Using LeoFinance Beta
The first notifications iteration won't have that feature but we can (and will) add that in the future! Follow and stay up-to-date with your favorite authors
Posted Using LeoFinance Beta
That's great to hear! Looking forward to the next update then.
Posted Using LeoFinance Beta
Guys, do you even take a break?
LeoMerge, really like the sound of it. :')
Posted Using LeoFinance Beta
They operate on a rotation schedule. While one sleeps, the other codes. 24/7 operation.
Posted Using LeoFinance Beta
Awesome. That how businesses should be done. #WEB3 & remote working model make it possible.
Posted Using LeoFinance Beta
We need to do that with commenting. LOL
Get a 24/7 system going. Keep adding comments around the clock on schedule.
1,000 comments per hour should be the goal. LOL
Posted Using LeoFinance Beta
LMAO. It's a great business idea. Should hire people to keep the engine going at the speed of 1000 comments per hour.
Posted Using LeoFinance Beta
Would take a lot of people. If the site has 10,000 people engaging, it would be a piece of cake.
Have to figure how many comments each of us would need to make a day to reach 24,000.
Posted Using LeoFinance Beta
Funny enough, this is actually somewhat true. The dev team consists of many different developers from many different time zones.
The bad news for me is that my phone is ringing and buzzing 24/7 with new updates and new code to check.
A sacrifice I am more than willing to undertake.
Posted Using LeoFinance Beta
LeoMerge is going to be incredibly. It's the culmination of nearly 1 year of developments. I can't wait
Posted Using LeoFinance Beta
Everything around here seems to be getting better week buy week, honestly most individual are Still feasting on the 20% APR on HBD,more still keep coming from the team too.
Good work so far
We are heading down a path where some great things can emerge. The key about this platform is the development keeps rolling out. That is the most important thing at this point in all of crypto.
Posted Using LeoFinance Beta
We're working harder on vertical integrations:
It's all coming together
Posted Using LeoFinance Beta
The under-talked about thing with the pHBD system is how much value (through revenue) it will drive to PolyCUB. Monthly revenue will be deposited into Protocol Liquidity for PolyCUB which will be used to buyback POLYCUB for long-term LP incentives. I'm incredibly excited about this
Posted Using LeoFinance Beta
Good to see how well the team keeps bringing new development to the community, honestly this is really fantastic
It's all about building opportunities for our community. That's what I'm here for
Posted Using LeoFinance Beta
Basically the team as done well so far this year and honestly I must say it as been a very productive year filled with lot of hard work and great initiative.
2021 was a productive year. 2022 will be even better!
Posted Using LeoFinance Beta
Agile parallel developments are overtaking everything in their path and are great to see such velocity on multiple projects. This is the way if we want to stay ahead of the competition and grow this crypto finance ecosystem.
Posted Using LeoFinance Beta
The cool thing is they are converging together. That is how we leverage what is being built against each other.
Posted Using LeoFinance Beta
YES! This is a great way to put it. The velocity of our developments is growing exponentially as we see the vertical stack continuing to grow. Our codebases are bleeding together and becoming one (LeoMerge) which means updates will be exponentially quicker over time
Posted Using LeoFinance Beta
Tu be sure I'm right, to have some pHBD this will be possible to do like for pLEO and swap HBD for pHBD the same way as pLEO or bLEO ?
And I have a connexion problem with LeoMobile. I simply cannot connect, I have a endless loading or a "Try again to connect to internet" but I have a really great and stable connexion.
I tried to uninstall and update and no results.
You're awesome ! Can't wait to add some USDC:pHBD liquidity ! !PIZZA
Posted Using LeoFinance Beta
Exactly right: you'll go to https://wleo.io and wrap your HBD into pHBD the same way you would for LEO-pLEO
Do you mind opening a Discord support ticket? We have a new "Bug-Reports" channel on discord where you can open it and the dev team will categorize the bugs and work on them!
Posted Using LeoFinance Beta
No problem, I'll do it right now !
EDIT : When I try to open a ticket it says "Invalid Form body" 🤔
Posted Using LeoFinance Beta
It is great to see these development occur in the blockchain which is pretty nice and a way forward in achieving more success and am excited with the pHBD and bonding all moving in a progressive state that is really beneficial to all individuals in the blockchain
Posted Using LeoFinance Beta
Our goal is to democratize the access to financial opportunities. pHBD and bonding are two of the latest in a long-line of developments aimed at achieving that.
Posted Using LeoFinance Beta
Now this is one extremely bullish Hive, Leo , HBD and Polycub post. I can't wait to see how massive the liquidity of HBD would be via pHBD. It would be great seeing an articles on top news outlets like Cointelegraph. Is the APR still gonna be 20% for pHBD-USDC?
I love the idea of how LeoMobile on login would encourage engaging and curating while LeoDesk would encourage content creation. I think my tablet would be capable of doing both either ways and this would allow me have a better user experience.
You can say this as loud as possible and as many times...
Posted Using LeoFinance Beta
Our plan is to work with our PR partners at places like Cointelegraph to spread the word.
The APR will be higher than 20%! Likely 30-60% to seed initial liquidity and I'm hoping we always keep it well above 25% to have a great reason for Hivers to move HBD into the LP
Ah best of both worlds with your tablet then!
Posted Using LeoFinance Beta
Above 25% is still pretty awesome. I salute your hardwork!!! Can't wait!!!.
I am extremely bullish on all of them. It is amazing to think what is taking place in each area. Leofinance is bringing a lot to the table. The impact it makes on Hive will really be felt.
Posted Using LeoFinance Beta
🦁 the community of Lions all make this possible. We need to spread the word about pHBD to everyone on Hive to get the $5M in liquidity which will radically improve the value prop of HBD while also driving massive monthly revenue to PolyCUB's protocol liquidity
It's all tying together
Posted Using LeoFinance Beta
You might want to dump the 50% penalty on the HBD-USDC pool. That is going to be a deterrent to many. You are, to some, taking a 30% return and making it 15%.
Fostering the growth and getting pHBD in there should be the most important objective. Can add to the Protocol in different ways.
Posted Using LeoFinance Beta
There's just so much good news from all areas of Hive since the beginning of the year. Hive is the best place to be in the world right now.
It just keeps rolling ahead. We have more projects working on bigger things it seems. They drop off the radar for a while but then come back with a boom.
Posted Using LeoFinance Beta
Great updates. Nice to see pHBD will be benefiting both hive and Polycub in several ways. The upgrade of leomobile is a much needed one and good there's more hands with to see to Leomerge
Posted Using LeoFinance Beta
Polycub is going to really help Hive.
This is one of the first times, I can think of, where there will be a major direct impact. Polycub's pHBD is a direct benefit to HBD.
Posted Using LeoFinance Beta
Talk about a synergistic relationship. HBD is in desperate need of liquidity and PolyCUB is in desperate need of more revenue being driven into the Protocol Liquidity.
Posted Using LeoFinance Beta
Indeed. Polycub helping HBD and in turn hive. Can't wait to it effect and impact on both
Posted Using LeoFinance Beta
Awesome level of development from you guys. Nice one with the expansion and progress. The plan to integrate HBD into Polycub will greatly help a lot. Looking to see the effect when it goes live. Great job guys
Posted Using LeoFinance Beta
Leo merge will bring an already immersing experience to laptop and mobile. Leofinance has again up the stakes when it comes development. Polycub is going to make s lot of people wealthy !
Posted using LeoFinance Mobile
I never knew this. This gives HBD an edge in the coming weeks once pHBD pool goes live.
It is very obvious that $5million target size of the pHBD-USDC pool would be exceeded within first week. It's a whole new start for Hive via the HBD multi-earning options available.
LeoMerge looks terrific. The wisdom in creating a fitting dapp for content creators and consumers is quite novel and we'll sure see rising numbers with LeoFinance MAUs.
Congratulations to all of us in the LeoVerse and Hive-Verse.
Cheers to all of you at the LeoHQ.
Posted Using LeoFinance Beta
They keep building layers in all of this.
That is why it is so exciting. And I am sure Khal has not revealed a lot of what is in his mind for the future.
Posted Using LeoFinance Beta
I so much love the leofinance team, always working. This is an exciting update with the progress report on several fronts. The additional reward one could get alongside the 20% HBD interest would drive more interest to polycub. The Leomerge is a new one and sounds cool. Kudos to team
Posted Using LeoFinance Beta
Seriously incredible guys. How the hell you do what you do in the time is mind-boggling. Best wishes to your team and your growing userbase. Update indeed! phew...
The expansion of the development team is what is accelerating things. They keep adding devs which means a lot more being produced.
Posted Using LeoFinance Beta
There's a lot going behind the scenes and getting updates about them through this post is amazing. More excitement building up and looking forward for their deployment. Kudos to you all in the LF team!
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Being involved in Leofinance is the right place to be.
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Indeed. It is the place to be
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If we are not careful it will make use rich.
Posted Using LeoFinance Beta
Awesome seeing a good amount of focus return back to LEO and LEOFinance to improve it. Making it faster, efficient and mobile friendly is going to be not only powerful for the community in general but also for things like SEO ranking improvement and the always elusive goal of faster and easier onboarding of new people.
Posted Using LeoFinance Beta
The development team is working on bring more out. We need to keep producing the content to keep adding the SEO rankings.
A lot of responsibility to go around.
Posted Using LeoFinance Beta
With bonding and 20% increase on HBD. I believe HBD is going to be the stable coin that the world will hear Soon.
Posted Using LeoFinance Beta
Quite exciting developments. I look forward to the innovations coming soon.
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From increasing the Ad revenue for Leofinance to integrating Leomerge this week, there's too much work to be done. I'll like to see how pHBD works, it's evident this solves the issue of supply. The demand for HBD is crazy. Hopefully, the peg will be intact.
Posted Using LeoFinance Beta
Amazing the entire post didnt even mention the Leo Ads.
This shows how much is going on.
Posted Using LeoFinance Beta
Exactly, I guess this was the whole essence to Khal making engagement a priority. There's a lot going on simultaneously.
Posted Using LeoFinance Beta
A lot of different directions we are going in at the same time. The fact is many of us started the focus upon commenting earlier. There were also some in the SEO.
So we all have a role to play.
Posted Using LeoFinance Beta
It is always fun to see these updates. There is a lot more to write about these days which the community wants to know about it.
I am looking forward to an update on the Desktop UI. It is sorely needed.
Posted Using LeoFinance Beta
Great work! Excited for pHBD and the benefits at PolyCUB!
@tipu curate
Upvoted 👌 (Mana: 13/43) Liquid rewards.
Happy to see so much work going on. Looking towards the release of Bonding and pHBD-USD vault.
Well done team 👏👏👏.
Posted Using LeoFinance Beta
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The transparency, news and the updates are what makes people feel like home or that they belong here. Keep it up!
Posted Using LeoFinance Beta
So many projects to keep up with, Leo is just evolving by the minute can hardly keep up.
I kinda have a question though, the 20% APR Interest only affects the HBD in the savings right? then what happens to the Hive in the savings too does it have any interest or just the HBD alone? I'm asking because in the savings you can both save both Hive and HBD
Posted Using LeoFinance Beta
Appreciation for the developer's dedication to the latest updates. More success in the future.
Posted Using LeoFinance Beta
But ser, wen merge?
Seriously though the Leo team is doing some awesome work and the expansion is very impressive. Number go up also applies to team members.
Posted Using LeoFinance Beta
The Leo web page on my pc takes time, hope I get the Android version soon :)
In fact, both day mode and night would have been more awesome.
Always building! Eventually all that work catches up to us!
Love the way, nothing stays the same is always improving
Posted Using LeoFinance Beta
All I can say is that, this wonderful innovation would bring the attention of crypto world to hive. I have read up on how to stake hbd on polycub network. I will surely take advantage of it.
Posted Using LeoFinance Beta