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RE: Why is PolyCUB Rising? Investors Now Have More Reasons to Invest in PolyCUB.

in LeoFinance • 3 years ago

Since there is more HIVE liquid it is likely to have even better participation (because people can get it easier). Will hopefully be good for fees. I still think the one we really need to get is pHBD though. That one really has potential to reach out into other realms and increase HIVE awareness.

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3 years ago in LeoFinance by
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     3 years ago  

    HBD is a game changer. However, we need a lot of things for that to become a reality. Having the pHIVE pool can actually help the pHBD pool in that it should give people more confidence in the platform.

    Right now, people see the drop in POLYCUB price and think it bad. So if we get the platform performing well, we could see something completely different.

    It is a process unfortunately and we have to keep clawing aheead.

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     3 years ago (edited) 

    Admittedly I am not quite up to snuff on all of the HBD mechanics. However, this is what I think needs to happen:

    1. As many HBD holders as possible put 1/2 HBD in savings and wrap other half into pLEO and subsequently LP in pHBD-USDC pool on polygon. The reason I say this is because (and this is where my understanding may be subpar) I understood that more in HBD savings = more HBD printed. We need not only liquidity but more hbd minted at a given interest rate.

    On second thought maybe everyone goign into the polygon pool would not be as bad as I originally thought because polyCUB will be taking some portion of all invested and putting it back into HBD savings. Still would not cause as much to be printed as if an individual just put half of their own into hbd savings.

    1. Every dApp owner on HIVE find a way to take HBD as a payment for services/membership etc.
    2. Campaigns to encourage outsiders to provide HBD liquidity. (Leo is working steadily on this)
    3. Incentives (mostly monetary but also otherwise) for people to do the above 3. For instance maybe vendors/dApp owners could give slightly better rates on any transactions they enter into for HBD vs HIVE. Small discounts for using HBD instead of HIVE for payment.

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