Four (4) Benefits of listing your Favourite Hive-engine Asset on PolyCUB
Hive-engine Tokens can now be listed on PolyCUB
some days ago, I shared a Hive Community Guide for listing Tokens on PolyCUB V2 Vault drawing the attention of Hive community/tribes leaders on the opportunity to get their tribes token listed on PolyCUB being the best innovative and self-sustaining platform in the DeFi-verse. It is expected that in the coming weeks, hive communities would start pushing in their proposals for listing their tokens on PolyCUB.
Getting Hive-engine tokens listed on PolyCUB has numerous benefits and this post attempts to highlight some and this would serve as a catalyst for naysayers to change their minds and embrace the door opened to the good of all by @LeoFinance DeFi branch.
Already, the the wrapped versions of HBD, HIVE and SPS and their pools on PolyCUB are doing so healthily with liquidity sizes of $434k, $66k and $46k respectively and 24 hour trading volumes are growing. All these three Hive assets already listed on PolyCUB return yield higher than what is obtainable on Hive blockchain and that means huge for investors.
Benefits of listing Hive asset on PolyCUB
In this post, I try to justify why every Hive tribe should make efforts to get their tokens listed on PolyCUB. My Four valid points are that:
- Wrapped Assets on PolyCUB gives 1-3% arbitrage profit over holding on Hive-engine
- Staking Wrapped Assets on PolyCUB LP bonus higher returns
- Wrapped Assets on PolyCUB has deep liquidity with les slippage than on other exchanges.
- More liquidity on PolyCUB equals more PolyCUB revenue equals higher $POLYCUB
1. Wrapped Assets on PolyCUB gives 1-3% arbitrage profit over holding on Hive-engine
Long time before the official update on the possibility of listing hive-engine tokens on polyCUB by Khal, I foresaw the huge arbitrage benefits that existed for PolyCUB tokens especially with the successful lunch of pHBD.
since launching, pHBD has maintained its peg to $1 at all times. Hovering temporarily to $1.02 until it is instantly arbitraged back down to $1. Since pHBD can always be redeemed to/from HBD instantaneously, arbitrage will always keep the value of pHBD and HBD equal. source
When pHIVE was listed, the same arbitrage opportunities played out and I've maximized severally. Thus, I see the listing of Hive-engine tokens as a new way to get more profits to hive-engine token traders. This means that as other traders see the huge arbitrage profits, they too would buy into these tokens to maximize the profits and this means a lot for our tokens.
2. Staking Wrapped Assets on PolyCUB LP bonus higher returns
DeFi platform shave been built to give high incentives for investors to consider locking their funds to provide liquidity. PolyCUB is not different. So far, staking pHBD, pHIVE and pSPS returns higher profits than staking these tokens on Hive blockchain. pHBD LP gives back 5% APY ahead of saving HBD on Hive, pHBD LP gives back 45% APY ahead of staking and curating on Hive, and pSPS LP gives back 27%APY ahead of staking SPS on Hive.
The returns above can only get better and bigger when the community votes the PolyCUB yield allocation DAO to their favour. Higher returns with tokens that we are sure are backed 1:1 on Hive is a great incentive for new investors. No community should miss this.
3. Wrapped Assets on PolyCUB has deep liquidity with less slippage than on other exchanges
I've been trading Hive-engine tokens since 2019 and one impediment to buying in has been low liquidity. If you consider buying 10k CENT token on Hive-engine, the price would have gone 5x and about 8% slippage on dieselpool. Such price triggers are not good for the tokens on a long run since they are manipulated.
However, providing liquidity on PolyCUB would make buying into hive-engine tokens easier with less price slippage and with higher amounts. See how easy it is to buy into HBD presently with pHBD on PolyCUB.
4. More liquidity on PolyCUB equals more PolyCUB revenue equals higher $POLYCUB
Since $POLYCUB is the base token of the PolyCUB DeFi. $POLYCUB has been designed to be scarce (just about 7 million) and the self-sustaining mechanics allows for buy back of $POLYCUB from revenue accrued from wrap/unwrap fees, vault fees and more. This would benefit all PolyCUB investors on the long term as the price of $POLYCUB would always go up. Certainly, everyone wins!
Final Thoughts
Weighing the benefits above would show that its a win-win deal for the community and the token investors on Hive-engine. The one benefit to the PolyCUB ecosystem is again shard back to the PolyCUB investors who are the token investors. I hope these thoughts motivate hive-engine tribes leaders to push for their token to get listed on PolyCUB.
Learn more about POLYCUB - the Best Sustainable DeFi?
These posts would be of benefit in explaining more on the DeFi 2.0 pioneered in PolyCUB and how it plays out as a game-changer in the DeFi space, optimizing yield and serving long term decent profits to investors. They are:
- Why Would Anyone Buy POLYCUB 1 Year From Now?
- Introducing the PolyCUB Roadmap | xPOLYCUB, Bonding and Collateralized Lending
- PolyCUB | Emissions "Halvening" In 2 Hours and the Future of Sustainable DeFi Through Utility AND Scarcity
- Bitcoin Moguls now know and demand PolyCUB
Make your money work for you on POLYCUB - PolyCUB is the best DeFi lending platform in 2022
Are you yet a part of this fast evolving change in the cryptocurrency industry. The earlier the better!
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About me...
I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.
I am your favourite Hive Tribes Promoter and Curapreneur!
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