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RE: HBD Interest Rates Are Now 20% | We're Building a $5M Liquidity Pair for HBD-USDC

in LeoFinance • 3 years ago

Wrapped is a token but located on another blockchain. HBD is on HIVE and with this we will take pHBD and put it on Polygon. Thus HBD was "wrapped".

Swap = exchange

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     3 years ago  

    Yes exactly. pHBD and HBD are 1:1 exchangable with each other because HBD can be wrapped into pHBD at any time and pHBD can be unwrapped into HBD at any time.

    This allow price arbitrage to take hold and maintain a stable USD value for HBD and pHBD

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