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RE: The High-Level Roadmap for LeoFinance's DeFi Branch | CubFinance and PolyCUB

in LeoFinance • 3 years ago

pHive can be a game-changer both for Hive and Polycub. I was wondering why no one has taken the initiative to carry Hive to other popular blockchains. There is an audience accustomed to investing in coins on EVM blockchains through DEFI applications. It is a rational choice.

I believe that Listing Hive on PolyCub is bullish for both Hive and PolyCub.

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3 years ago in LeoFinance by
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     3 years ago  

    I agree. It is a big step forward. I wonder how much pHIVE will be created.

    There is a scarcity of HBD compared to HIVE.

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     3 years ago  

    We’ve been trying to reach out to Hive witnesses and big stakeholders to let them know why pHBD is so important and why they should consider adding liquidity.

    Some of them think that the internal market is good enough to onboard DeFi whales. I can tell you 3 major reasons why that’s not true:

    1. The internal market UI/UX is awful. This was built by Steemit and it simply is a horrible experience. The order book is backwards and there isn’t good liquidity. Yes, the stabilizer sells HBD daily at a fixed price, but there is no indication of that
    2. As you said - many DeFi whales are accustomed to Automated Market Makers and they aren’t going to use the old “order book” system to buy HBD
    3. Offramp liquidity is just as important as on-ramp liquidity. It’s great that people can buy HBD if they want it, but can they easily sell? With a stable coin, it’s extremely important to be able to liquidate your positions or parts of it when you need liquidity

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