This is a great guide BUT no full disclosure to allow people to make a truly informed decision...
ADD...
- There is a 0.25% FEE when you wrap HBD to pHBD
- The 77% APR (now down to 60% APR already in just one day) will drop and
- You only get that APR IF you are prepared to wait three months to claim your Pcub
I still think this is THE BEST stables pool out there, but you have to be careful about the best time to add to it in order to maximise!
Slow and steady ATM is the only way to buy into it because of the lack of liquid HBD at the moment!
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The point was to show people how to do it if they so please, not to help them make an informed decision. I'm not a financial advisor.
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I just think we should be upfront with all the downsides, especially if your title is saying there's a 77% APY - we should be clear of the fees and the conditions.
As far as the instructions go, yes, it's a good post!
I'm merely talking from the perspective of someone whose been there with other sites - I see an advertised rate, I dig for 10 minutes, I'm annoyed when I find the ACTUAL rate without a lock is considerably lower than the headline one, I don't invest.
If you look at the calculated APY on the pool, it's still over 77% - at 78.11% currently. The APR is 57.75% so that may be what you're looking at.
Either way - I get where you're coming from. There should be a disclaimer on the bridge itself that mentions 0.25% fee.
Ah OK I stand correct on the APY/ APR!
That's a fair point about the bridge - it's an excellent very fast bridge it has to be said, but yes a fee reminder would be good!
APY/APR can be confusing and can easily be mixed up. The bridge is sliiiiiick!
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