Greetings everyone,
After my last my post, I promised to used my next post rewards to jump in the newly launched pool on polycub which is pHBD/USDC.
My plan before now to begin storing of HBD into savings for 20% APR but after the announcement last Friday from leofinance, I decided the better option would be to go for the newly introduced stable pool which offers a better APR of above 50% for HBD.
It was no brainer to have made this choice. Any smart investor would do that. Any one reading this should do likewise if intend to build your stable coin position.
How to add liquidity and LP on PolyCub
Step 1: First off, I visited https://wleo.io/hbd/ to wrap hbd to pHBD. This enables you to move HBD from hive Blockchain to the polygon network and vice versa. You will then be required to send your HBD to p-hbd with your address as the memo
Step 2: i went to https://app.sushi.com/swap to convert some pHBD to USDC. I copied out pHBD contract address 0x6d969cea201e427d2875724fd4e8044833fbc7f4 from the docs and then imported it sushiwap.
I then splited the pHBD into USDC which got almost equal amount on both. Then provided liquidity.
Step 3: Finally, I went back to https://polycub.com/farms then went to the pHBD/USDC pool. Enabled LP and then deposited LP to start earning yield.
Easy peasy. That was all. I hope this guide helps anyone looking to jump in on those juicy APR for a stable pool on polycub.
Would be directing my post rewards henceforth to build a solid portfolio in the pHBD/USDC pool. I consider this my savings for the future.