It's been an amazing move by the LeoFinance team to launch another V2 vault in less than 3 weeks after pHBD was launched. This simply means that a reasonable amount of value was and is still being created from the pHBD-USDC vault on the polygon network.
The arrival of pHIVE on the polygon network gives both PolyCUB and hive blockchain a new paradigm shift to a step further than where they're prior to its launch and liquidity pools.
For those that doesn't understand what pHIVE means, it's the wrapped form of the native Hive on the blockchain and this has the opportunity to give you over 100% APR if you have a long term goal in mind.
Another thing you need to know about pHIVE is that like pHBD and the native HBD, 1 pHIVE is actually equal to 1 Hive, which means that whatever you earn on the Polygon network equals the value of hive on the hive blockchain. This I believe has strengthened your trust in investing pHIVE on the polygon network.
Are you aware that just wrapping hive into the Polygon network can earn you passive PolyCUB? If you're not aware, then you need to do that immediately while stock still last.
For holders of PolyCUB, it'll be an opportunity to add up more PolyCUB to your PolyCub stake on the Polygon network.
How to wrap Hive into pHIVE on the polygon network
Adding Hive, with all the numerous earning opportunities that the coin offers is a route for the protocol owned liquidity to accumulate value.
To wrap Hive on Polygon, here are the steps that you have to follow.
- Go to https://wleo.io/hive/
- Input the Polygon address that will receive the pHive(wrapped Hive)
- Input the amount of Hive on Hive blockchain that you want to wrap into pHive
- Click on "Transfer"
- You will then be required to input the username of the Hive account that the Hive you want to wrap will be taken from
- Click "Ok" and your Hive Keychain or Hivesigner will prompt you for confirmation.
- Finally, to see pHive in your wallet, you will need to import it with the Polygon smart contract. You can see all Token contracts on the Polycub docs page that I included below https://docs.polycub.com/resources/polygon-contracts
@belemo/how-to-farm-polycub-in-a-200-apr-farm-with-hive
In addition to the above points, it should be noted that a fee of 0.25% will be charged anytime you wrap and unwrap pHIVE in and out of the polygon network. This fee goes to PolyCUB owned liquidity (Pol).
I'll conclude by saying that, the inclusion of V2 vaults into PolyCUB makes the PolyCUB project to retain it's status as a DeFi 2.0 platform that has a Yield optimizing abilities, which pHBD and pHIVE is capable of raising the price to an all time hike needed to break the bands of any DeFi that has ever been in existence.
Thank you.