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
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It's great to start seeing the demand issue resolved. When we start to see that the Liquidity (Supply) problem is solved, we will be in a much different position. Everything is going well now, I hope it stays that way.
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Liquidity is a long term problem.
We are not there yet to solve it.
Polycub will help by the way of DEFi and by putting a portion of HBD hold as PHBD to earn interest.
We all win
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Yes that is right. What I mean is that PolyCUB has taken an important step towards solving this problem. Solving the problems is not easy, but it is promising for the future to see the steps taken towards solving these problems.
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Maybe one of these days that peg will hold. For sure I see a little bit of a price increase being that you can make 20% APR just by holding it and in DeFi even more. So in a way it kind of makes sense to pay a bit of a premium on it right now to stack and earn it faster.
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This is good business for HBD.
Not many available and it is in great demand.
Holding does help but liquidity is key long term/.
!BEER
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BEER.Liquidity issues can be really overwhelming, I think it becomes difficult when an increased APR sets it up for an overwhelming blow up. Hopefully we can mitigate this with the choices PHBD brings, it's good to see you're updated. I know you can be very busy with work.
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It pushed it back down just like you would expect.
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While a temporal premium was to be expected thanks to the recently announced 20% APR, I don't think it makes much sense to purchase a stable coin for more than its supposed stable value.
On the other hand, I think we all hope the 20% APR can be sustainable over the long term, that would be amazing.
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