Provide Liquidity Week challenge is initiated by the LeoFinance team to reach the very first Liquidity Goals for PolyCUB Farms. With this challenge, we aim to reach certain liquidity levels for pHBD, pHive & pSPS farms.
When the liquidity providers start farming and enjoying high APR on farms, they also help PolyCUB Protocol-owned Liquidity to grow. In this way, a genuine buy pressure is created by PoL on the PolyCUB token. If you have both LP and PolyCUB, it means a double win in this case 😎
The Provide Liquidity Week #PLW Challenge
For each $25 liquidity that you will provide, it will bring you a raffle ticket to win the prize!
For each $25USD in value that any user stakes in one of the three Polycub Farms (pHBD-pCUB, have-pCub, pSPS-pCub), they will get one (1) raffle ticket to participate to win one of five $100 USD prizes.
Besides, there is a chance to increase the prize of the contest if we can manage to reach our first liquidity goals:
So, $180,000 investment in those pools will take it to the next level 🤩
How to Join the Contest - Simple Steps to Follow
First I transferred USDC from Binance to my Polygon Wallet.
Then I transferred HBD that I had by using LEO Bridge
As you can see below, the tokens are transferred within a couple of minutes. Leo Bridge is amazing!
As I had more USDC than pHBD to pool, I swapped some USDC by using Sushi Swap.
Before adding liquidity for the PLW challenge, I only had $14 worth of investment in pHBD / USDC pool in this wallet.
I supplied $150 worth of liquidity to pHBD stablecoin pool to make great return for my investment and get 6 raffle tickets.
After I supplied the liquidity on Sushi Swap, I staked the LP token on PolyCUB to get utilize the services on PolyCUB rather than Sushi Swap.
It is one of the steps that can be forgotten by people. Better you check if you staked on PolyCUB twice 😌
Finally, I own $164 worth of LP staked on PolyCUB.
Now, the LP is generating great APR for me while it is also working for PoL to grow the PolyCUB platform.
In a few minutes, I transferred USDC from Binance and used Leo Bridge to move my HBD from Hive blockchain.
After the transactions, now I'm getting 25% APR for my stablecoins and I received 6 raffle tickets to have a chance to win the challenge.
Time to Take an Action
Even if you provide $25 worth of LP on one of these 3 pools, you will get a chance to win $100 in addition to your profitable investment.
Consider the successful operations of Hive Power UP which is on every first day of the month and foresee the benefits of growing liquidity on the PolyCUB project that make Hive assets cross-chain and bring value to our ecosystem. 🦁
Also,
use the tag #liquidityweek and #PLW so our curators can find your post and give it a boost. Make sure to tag your friends in the post so even more people find out about this contest!
Leo Ambassadors and other team members will be supporting your submission. It will take 15 mins to get an amazing return for your little effort, you decide 😉