It's never over until it's over, PolyCUB started to change DeFi space with its Bitcoin like nature.
PolyCUB is not the same as any other in the DeFi space, it is a game changer, an evolution in DeFi 2.0 not heard or seen before.
With the launch of PolyCUB, the leofinance team have been on their toes to bring remarkable initiatives that has been rolled out and we are yet to see.
PolyCUB rolled out the pHBD-USDC LP farm to provide liquidity for HBD what I'd call the Holy Grail.
Anyway with pHBD-USDC LP sets to mind a decision that that needs to be made either choosing to put HBD in savings in Hive blockchain to get a 20% APR or swap HBD for pHBD and then provide liquidity in pHBD-USDC pool to earn 40% APR.
It is noted that the APR of pHBD-USDC LP would fall below 30%.
I remember at a point yesterday I checked PolyCUB farm and the APR was around 35% and today it's been up more than 10%.
According to a tweet by Leofinance, pHBD did $20k in volume in the last 24 hours, as of the time that generated 7% APY through swapping fees.
What does this mean?
The more HBD are swapped into pHBD, the more the APR for pHBD-USDC LP increases.
pHBD-USDC liquidity is steadily increasing at $323k as of now.
The goal is $5 million for the LP which is still ahead but here it is, where we stand now.
PolyCUB is the wonder pulling in stakes and providing liquidity.
With the xPolyCUB governance vote already casted and the claim window reduced to 30 days, PolyCUB has proved to be undisputed as it provided a voice for every xPolyCUB holder.
Does the question arise of staking in pHBD-USDC pool and getting PolyCUB?
Well swap that HBD into pHBD and stack in the pHBD-USDC LP in PolyCUB farm and earn over 40% APR in PolyCUB and if that PolyCUB is staked, you earn over 30% in xPolyCUB which could give authority in future governance vote to come.
It's simply a win-win case although with PolyCUB, it's a win-win-win, no impertinent loss in pHBD-USDC LP because it's the stablecoin vault.
Thanks for visiting my blog till next time.