Greetings to my esteemed Lions on the LeoFinance ecosystem and the entire hive blockchain. It's another day and time to share with you happenings around the LeoFinance ecosystem and the hive blockchain in extension and how we can look critically to understand ways to move the blockchain forward. It's your friend @faquan, saying hello from this part of the world.
Today's post will focus on HBD liquidity pools on Binance Smart Chain (BSC) to see the opportunities it offers users to acquire more and even earn more rewards on HBD.
I read a wonderful post written by @dalz on HBD titled: Where Is The Biggest Liquidity For HBD? | Data On HBD Liquidity And Trading Volume. In that post, he looked at the liquidity pools on HBD and I came to realize that the problem of HBD is still low liquidty pools for the stablecoin.
HBD is known for the low liquidity. It is listed only on two exchanges Upbit and Bittrex. Bittrex has been down in the last period and Upbit is for Korean KYC users only. This leaves most of the Hive user base with almost zero options for buying HBD on a CEXs. At the moment the most reliable option is the internal Hive DEX, where users can buy HBD with HIVE, Hive Engine and since recently the pools that the LEO team is building Polycub and CUB on BSC.Source
One of the platforms that has the potencies of providing high liquidity pools for HBD in the nearest future is the CubDeFi on Binance. This is because it offers 3 avenues for users to provide liquidity on the BSC network.
On the CubDeFi platforms, we have the bHBD-BUSD, bHBD-CUB and bHBD-bHIVE, each with separate liquidity pools for the Hive stablecoin (HBD).
HBD was listed here from recently and it seems that this pool is holding better than Polycub. For a while it was around 60k and now it is at 100k HBD.Source
Looking at the trends of HBD supply on Cub BSC on will see that it's moving in an upward trend from 60k to 100k and one of the most exciting aspect of this is that it has 3 areas one can add liquidity pools to on the Cub BSC network.
Let me briefly give a breakdown of the liquidity pools Cub BSC network have for HBD:
- bHBD-BUSD - $159,891 LP (28.12% APR)
- bHBD-CUB - $84,576 LP (38.67% APR)
- bHBD-bHIVE - $55,202 LP (37.03% APR)
With the above liquidity pools on the Cub BSC network and it's nascent stage, it's crystal clear that Cub BSC network offers better chances of becoming one of the biggest liquidity provider outside the hive blockchain in the nearest future.
What do we need to do?
One of the ways to bring to spotlight as well as add more liquidity pools to HBD on the Cub BSC network is to create more awareness in order to expose the HBD on the network to as many that don't know about it. We can do this by:
- creating more contents on the hive blockchain about the existence of HBD on the Cub BSC network. The more contents created in this respect, the more people will add liquidity pools as well as wrap HBD on the network.
- individuals telling a friend or two outside the blockchain you invest on Cub BSC network.
I'm hoping to see more liquidity pools for HBD on the Cub BSC network in no time.
To add liquidity pools on Cub BSC visit:
Thanks for stopping by my post, I appreciate.
Posted Using LeoFinance Beta
