Hive and HBD Derivatives Creating new Markets for Investors/Traders
Derivatives are securities or assets whose value is dependent on or derived from an underlying asset. The concept of derivatives is explainable in finance, bonds, stocks, etc. A simple explanation of an asset derivative is an oil futures contract whose value is based on the market price of oil. $Hive and $HBD which are assets on the Hive blockchain have derivatives on other blockchains like Ethereum, Binance Smart Chain and Polygon Network with the help of the bridge designed by LeoFinance. You can wrap any quantity of $HIVE or $HBD and receive an equivalent in any of the above blockchains for diverse uses while the actual value of the assets are backed and retained on Hive.
On Sunday, a trader friend reached out to me and complained that he's not able to trade $Hive and $HBD on Binance being the major Centralized exchange where Hive is traded for fiat. This is connected to the recent Hardfork and the exchanges need some time to upgrade their servers to activate the changes that the hardfork came with.
I told him about CubFinance as a Decentralized exchange where $HIVE and $HBD can be traded as $bHIVE and $bHBD respectively with ease. Funnily, he discovered the huge arbitrage opportunities and profits that accompany that option of trading Hive based assets and I am sure he'll keep using.
A couple of times I have wrapped HBD to bHBD and traded it for BUSD and then to fiat and it has always been the best trading option.
Help Decentralize HIVE & HBD Trading
Today's open call from LeoFinance to help decentralize trading of HIVE & HBD is really timely. Thanks to the Hardfork that happen and thanks to Binance for suspending the trading of Hive till now. It is often said that some disappointments come with a blessing. It's time for the whole cryptoverse to know the powerful liquidity solution that LeoFinance is building for the Hive blockchain and other blockchains it would link in the future.
Without contradictions, the BEST DeFi 2.0 deals one can have are on CubFinance & PolyCUB, DeFi solutions created by LeoFinance. I has said in a tweet, few days ago that LeoFinance is underrated. We on Hive do really know the great offerings they and use cases they have added to the HiveVerse- blogging, tokenization, microblogging, multi-blockchain bridging, DeFi, tools and more. One of the greatest ways we can give back to the community is by spreading this good news abroad and lending our hands in providing liquidity in the 4 Hive and HBD pools on CubFinance.
If you want to help us contribute to this future, then consider wrapping some HIVE & HBD to BSC and providing liquidity in any of the 4 available bHBD/bHIVE LPs! There are some awesome tutorials out there if you google it or you can view a video tutorial via the CUB Docs: https://docs.cubdefi.com/tutorials/how-to-wrap-hbd. source
Each day passing, it is becoming very glaring that Hive is the best blockchain and a home for everything that crypto can ever deliver. The past few days, we've seen the buzz around the splinterlands community toping the charts in the play to earn category.
There is a Huge Reward
It is true that CubFinance and PolyCUB are turning out to be the Best DeFi 2.0 Deals that ever exists with huge Prospects. There are no DeFi that are paying as high as 30% APY on a stablecoin, or a stablecoin pair like we have on CubFinance.
Providing liquidity to any of the Hive or HBD pools on CubFinance qualifies you to earn at least 30% present APY. Staking and unstaking your assets are instant in case you have to take advantage of market jumps and pumps.
Moreover, anyone that understand the mechanics of CubFinance can tell that it would become a very scarce asset as the daily burn amount approaches exceeding the token inflation. At $0.025, $CUB is more than being discounted, e specially as we know it tasted the highs of $3 and more. The journey to the sustainable future of CUB had long begun and it is obvious that the 30% APY would turn to 300% or even 3,000% and even more.
I know you don't want to miss it.
What is LeoFinance?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Let's Connect
Hive: @uyobong
Twitter: https://twitter.com/Uyobong3
Discord: uyobong#5966