Yesterday, a friend posted about pHBD which i didn't know until then but woke my interest. I know what HBD is and that we get it as payments/rewards for our posts but had no idea what pHBD is about. Like him I could just imagine, so i read his post carefully because im always curious about crypto and new projects. Specially when someone in our small Discord community shares something.
While you currently get 20% for HBD in your savings, you can now bridge your HBD to Polygon and become a Liquidity Provider. I know Polygon aka Matic and have some in my Crypto assets and love the low fees.Also i love to provide LPs and started this journey on wax since it is so easy to use and discover now more and more from there and can use my knowledge to try out other chains more safely than before.
There is $347k in liquidity on the pHBD-USDC pair on PolyCUB as I post this.
USDC is a stable coin on the Polygon chain, so you have nice LP pair with lower risk than usual because we have 2 stable coins (I love stable coins and have some in my assets). APR is now at 27% slowly decreasing as we know it from all LPs over time.
My friend @chaosmagic23 mentioned some friends and me in his post so we get aware of this new option, im very thankful for the small but gold community we are on @thecyberdexter discord server and also really appreciate the help and tips there where to look and what could be an interesting project.
Also he mentioned @Tengolotodo post, where he shows you how to bridge and get money into this LP pool. He explained it step by step and very well.
(Thank you for sharing this info @Tengolotodo)
Please DYOR (Do your own research) as always before you invest in this. I'm not a financial expert and this is not a financial advice nor do I guarantee any interest rates. I'm just sharing information.
At the same time there is a contest for sharing this to your friends. You can win $100 HBD plus upvote by @leo.voter.
Who doesn't like that?
Want to take part in this contest? Write a post with #phbd and share it with your friends.
(Read 'Why pHBD from LeoFinance" for further info)
Images and screenshots are from me or the mentioned posts or stolen where i found them😋
#phbd #oneup #pizza #hive-engine #neoxian #ocd #alive #posh #somee #bee