It has taken a couple days to fully assure something will come from the rise of #HBD. We have talked about Hbd for the past year. Starting with #hbdstabilizer ongoing with #PHBD and now with the current 20% interest for stablecoin. Looking at the value from coingecko it has raised itself from the ground. It is not easy to maintain the HBd pegged to the dollar cause of lack of liquidity.
Everyone is holding HBD somewhere to garner more interest. Into the #polycub DEFi or actual blockchain, this pressure will keep HBD at a prime rate where it could have a higher value than the dollar. So far it is good to see the trend. We all have to go to work. Holding is one key but we need liquidity.
Thinking of it that way now I see why the creation of HBD/Hive bond project makes sense. We need liquidity in order to enable quasi-large transation for HBD or Hive within guidelines. THis is what give BTC or ether the daily volume they enjoyed. Hive will need this sort of openness via liquidity channel.
Knowing what is needed a starting point will cascade the next move toward liquidity.
I think this is why Polycub is pushing for a $5 million LP for PHBD. This is a long goal but doable in the scheme of DEFI.
We need to create a lot more HBD possible.
Doing so will put pressure on Hive to back it up. Right now you see Hive heading backward. It is normal with he market. I take it like a slingshot for Hive. Eventually Hive has to perform to make HBD what it should be. I like to go back to the holding pattern. This is the aspect that preserve the value of the blockchain.
I'll say by June we will understand the pattern for both tokens. Right now it is in range for $24 million. $50 million will start turning heads. $100 million will cement a step to the billion. Before we get there a long hassle under way.
Not sure if 20% is sustainable but it will be a saving grace going forward when many hold more than $10k in HBD amassing 20%.
Do not forget Polycub.
It is something worth noting through DEFI.
While I mention Polycub, in house exchange like tribaldex will have to hold more HBD, polygon to enable better swap.
It is good to emphasize the growth.
What you and I an do, plan accordingly.
Keep vesting