QUESTION:
pHBD-USDC Vault Fee: a vault fee will be taken when depositing pHBD-USDC. This vault fee is paid entirely to Protocol Owned Liquidity and backs the value of POLYCUB
What will this fee look like? Why take a fee when one is depositing to the pool?
How about Swap fee when one swaps pHBD to USDC?
Posted Using LeoFinance Beta
Likely a 1-2% deposit fee. Haven't decided the final number on that at this time.
The wrapping fee is already set: 0.25% wrap and 0.25% unwrap.
Some may say it's steep. Others will see that POLYCUB is providing a massive value here and needs to also get value in return in the Protocol Owned Liquidity to ensure that pHBD-USDC has long-term LP incentives that make sense.
Posted Using LeoFinance Beta
That's cool, but how about in-pool SWAPs. For example getting to buy pHBD from USDC. Would there be charges like we have here on hive-engine dieselpools?
Posted Using LeoFinance Beta
Just the normal small fees that AMMs deploy back into the LP as LP Trading Incentives. We'll be using Sushiswap, so it will be the same as POLYCUB-USDC - for example
Posted Using LeoFinance Beta
It will mirror what the other ones have. Simply look at how they operate (I honestly havent checked them out on Polycub).
The fees are going to be based upon the pool and how much the liquidity it as compared to what is being swapped. Try to swap 1 million HBD and you might encounter a problem. Break it up over 10 or 15 transactions and the fees will be lower.
Posted Using LeoFinance Beta
Yes, slippage is also a consideration.
We need to build this pool as deep as possible to attract whales to the Hive ecosystem through HBD. This has become one of my #1 focuses lately.
Posted Using LeoFinance Beta