So a lot of us must have noticed that lots of these CEXs have halted the deposit and withdrawal of Hive, so this means that we have to use an alternative means to get Hive into and out of the ecosystem. There are several ways, what do you expect from a decentralised platform, this means that everyone and anyone is allowed to contribute in the blockchain in their best ways. The Leofinance team has helped provide ways to bridge Hive and HBD through different blockchains. This way it is is easier to get Hive and HBD on decentralized platforms and wallets.
You must have noticed that there have been a periodic buy back and burn of CUB tokens to help sustain its value and increase it. This is the part of the project that is assuring us that cub is great project with great utilities and opportunities. Liquidity providing on the platform comes with a lot of perks like really sweet and enticing APRs. All these are things you might not see else where, coupled with the fact that the Hive community is not large enough, we are not doing enough.
The cubfinance gives us the opportunity of investing our Hive and HBD and earning higher APR than we earn on the Hive blockchain, but we have to bridge it to the BSChain, this gives us a 1 : 1 value of what we are getting. This means that if you bridge 1 Hive, you will likely get 1 bHive but you have to pay about 0.25% swap fee. This is a way of appreciating the platform, I know some us will be like, but we get 0% fees whenever we make transfers within the Hive blockchain, don’t forget that this is a decentralized bridging, most DEFIs charge so and there is no Hive or HBD decentralized network outside the Hive platform, except CEXs and we know the risks of having our crypto on CEX wallets, there comes a lot of restrictions. Just take a look at what happened after the HardFork, here we are begging these exchanges to stop the suspension of deposit and withdrawal.
So to keep helping Leofinance team help buy back cub and burning it to create more cubdefi sustainability and keep the APR of some of the liquidity pairs high like the Hive - HBD, you can help wrap and unwrap your Hive and HBD using the bHBD and Hive bridges. I have written contents on how to do them, you can look into them here:
HBD To bHBD & bHBD Back To HBD
When CEXs Exchanges Are Down Utilise bHive : Steps On How To Bridge From Hive To bHive
But don't forget that we have the wrapping on other blockchains like the polygon blockchain, there are options but i guess the community is not large enough to have massive utilization of both bridges.On BSC bridge, there is about 100 transactions transacted on the bridge a day, imagine the space when we have a lot of users, imagine how much will get generated and how much will be used to buy back the cub token.