Bitcoin HBD Proposal - Not Ready Yet and once it is, why stop at Bitcoin? ![2dk2RRM2dZ8gKjXsrozapsD83FxL3Xbyyi5LFttAhrXxr16mCe4arfLHNDZFdd79edD5C1nSYmYkZ5TMaYBpusTiWP5piejiHEo1vFV5wNJaYgGzSPKycxCNpbXKf4x8tpkrM1pHnrKsENmACR84Cq8qAaZQX6sU3H5BRr56Lv.png](https://i.imgur.com/4hgm3BO.png) [Image Source](https://leofinance.io/@threespeak/hbd-partial-insurance-with-btc-proposal-to-print-1m-usd-of-hive) # Bitcoin HBD Proposal - Not Ready Yet and once it is, why stop at Bitcoin? It's safe to say that [Terra (Luna) Network](https://www.terra.money/) has revolutionised not just blockchain technology but redefined financial services and web3 integration. It's had to believe that a little over a year ago Terra's native token Luna was only around 40c. Like many I missed the boat and in such a short period of time it has continued to grow and create millionaires. A small investment of $US1000 would have returned a quarter of a million dollars and if you have been following Terra (Luna) Network it is likely to continue to grow as it expands beyond it's own ecosystem. Recently @threespeak proposed a similar initiative for Hive Backed Dollars which you can read [HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive](https://leofinance.io/@threespeak/hbd-partial-insurance-with-btc-proposal-to-print-1m-usd-of-hive) to get up to speed on the proposal. ![5s4dzRwnVbzGY5ssnCE4wXzkeAEXyVtgk1ApQTwHMTp6y5PvEo1yenn9LFm8AnR7Xw7MuyzVh7vRwL1bayTCbBj2FEdf3jQWh99dCfsRV89ky5aKkAkPsa3ogssAtBL4xG8yhnyUrmcoaggbeksL2EW4Jz75bQnGWj1VBMQ.png](https://i.imgur.com/sdh9R7x.png) [Image Source](https://leofinance.io/@threespeak/hbd-partial-insurance-with-btc-proposal-to-print-1m-usd-of-hive) ### Hive Loans and Collateral A core stance in their proposal is something I agree with and blogged about a few days ago which you can read up on here: [Hive Should Bring in Collateralisation and Loans](https://leofinance.io/@melbourneswest/hive-should-bring-in-collateralisation-and-loans) as Luna's collateral has been key to minting more UST and creating a wave of value across their network. Bringing in collateral also means there are assets available to back the peg without the need for a Bitcoin reserve fund but it will mean that we need to create the ability to participate in liquidations similar to White Whale, Kujil and many of the other protocols launching on Terra (Luna) Network. Before we put the horse before the cart, we need to actually plan rolling out all these initiatives because another chain is can cause significant barriers and create unneeded complexities and added risks. The first step is to ensure there is a market and that is why collateralisation is important and should be the first step before a Bitcoin fund. If we can maintain the HBD price through borrowing against Hive (I would like the ability to do it with staked Hive also not Liquid and I will get to why in a second) that will draw in massive value. ![Untitled design 46.jpg](https://i.imgur.com/mmG4wer.jpg) ### We don't need a multi-sig account I want to be clear, we don't need a multi-sig account we need a hard fork that enables smart contracts before we even consider future potential if we truly want to bring success into Hive Blockchain. The growth in Terra (Luna) Network hasn't been solely on Terra in recent months it has been right across the Cosmos as everyone is working together to make a single blockchain machine. The only way for people to come to Hive without much fuss is through paying 1000 Bee which, I recently learned also has a high transaction fee cost to transfer to Hive Engine. Yet, once doing so you do not have custody of your own token so are limited in what can be done which, from a project perspective is High costs for low return. Why even build on Hive when you can have a larger pool external? Furthermore, Luna's Bitcoin account and other alt coins which are being added are used to swap UST and Luna into rather than an exchange as we all know by now, when a dip comes everyone dumps their tokens lowering project prices. To prevent this Luna Foundation Guard which is a Not-for-Profit company with the sole purpose of protecting the peg is establishing pools that people who want to dump can dump into. This will have flow on impacts for the broader crypto market should there be a mass exodus of UST and Luna with people swapping for other tokens to than possibly dump. Luna is not buying back the price but striking at the core of what causes a price dip, sales. This is a blockchain first and one we could implement to retain HBD value. ![Untitled design 47.jpg](https://i.imgur.com/9vVm37r.jpg) ### Unlocking the full potential of Hive One thing we want is people buying more Hive as Hive and HBD is linked and this is something that isn't talked about much with Luna which enables you to delegate your Luna and borrow against it. Collateral right? wrong. You can purchase Luna and head over to [Anchor Protocol ](https://app.anchorprotocol.com/basset) and mint bLuna or now with more users you can just swap Luna for bLuna on their exchange. Holding bLuna is the same as delegating/staking it but without the 21 day unstaking period. You can then provide it as collateral and borrow UST and deposit the UST into Anchor and start earning. But there is another opportunity not many know about. ![b assets.JPG](https://i.imgur.com/0ossQfp.jpg) [Image Source](https://app.anchorprotocol.com/basset) ### Less risk more return minus the airdrops The big ticket item that was created to entice people to stake their Luna was that Luna stakers would receive ongoing airdrops of all launching projects. But as each project was quickly reduced to rubble as liquidity was drained to buy more Luna this model is slowly fading away. Now projects funded by a Luna proposal are required to provide airdrops others are not, sounds bad but it creates a loop of Luna that continuously stimulates new development through grants that have their funding raised through the Luna mechanisms. If you're not interested in airdrops you can earn straight UST and still ride the Luna pumps without the risk of collateral liquidations by simply holding the bAssets which have no expanded above. It pays the same as staking Luna which is between 6% - 7% but all in UST. We could do the same or one thing better enable people to borrow against their current staked Hive to mint HBD which can than be deposited into HBD savings. There may need to be a quick exit button should prices drop otherwise a 3 day waiting period means you can't do anything if you're being liquidated. This would be a negative and probably prevent people. ### How to pay for it - Using what we already have. Powered up hive earns around 2.89% APR and curation will earn roughly 8% APR a system could be created that people mint an Asset from staked HBD similar to delegation which also follows an auto vote trail. the APR earned then goes back to the person all in HBD which can than either be placed into HBD savings or sold for more Hive. Or once we are really advanced swapped into the HBD reserve pools for the assets in the pools but we really need a smart contract for that and the assets purchased through the DHF. This would be a revolutionary change for Hive Blockchain and something completely different to Luna and instead of copying their network we would be developing a superior product because you can not blog and earn rewards on Luna as you can on Hive. It would attract a lot more outside investment to buy up and power up Hive to earn HBD and I think we would rapidly see the price of Hive breach the $US5 mark. ![Untitled design 48.jpg](https://i.imgur.com/6BibEvL.jpg) ### Why use powered up Hive? There is a heck of a lot of capital sitting idle on Hive mainly used for curation which, lets be honest been hard for many people to earn decent Hive and the community politics has been a barrier for sometime. This proposal would completely change the game and add an additional means for people to earn and for us to grow as a chain. **Let's discuss it in the comments section and if there is anything you would like me to clear up please don't hesitate to ask** *Image sources provided supplemented by Canva Pro Subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services* Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@melbourneswest/bitcoin-hbd-proposal-not-ready-yet-and-once-it-is-why-stop-at-bitcoin) hbd @melbourneswest

The Golden Nugget For Stablecoins (HBD) We see a lot of interest in the **stablecoin** market. There is a good reason for it. We are watching the entire sector grow by leaps and bounds. Over the next couple years, it is likely we see this market enter the trillions of dollar range. **TerraUSD** was making a lot of noise of late. It was just recently announced that[UST Becomes the Third-Largest Stablecoin Surpassing BUSD](https://beincrypto.com/ust-becomes-the-third-largest-stablecoin-surpassing-busd/). There are now $17.5 billion UST, trailing only Tether ($81.8 billion) and USDC ($49.9 billion). These are some impressive sums. However, the stablecoin market is still vastly under utilized. It is the ecosystem that properly builds out this market which will see it truly excel. Of course, this is an opportunity for the **Hive Backed Dollar (HBD)**. <center>![image.png](https://images.hive.blog/DQmeGpNV2e1nSabTMQXpnMEn8ZPh9YXagX5xwTMiYpG1SyP/image.png) [Source](https://tse2.mm.bing.net/th?id=OIP.ZoAzB61lNUY8xEAtzUUX9gHaE8)</center> # Commerce The tokens listed here have incredible market cap because of their access. They are listed on dozens of exchanges. There are wrapped versions putting them on different networks. Many liquidity pools allow people to swap hundreds of tokens for them. In short, there is distribution. One thing that is lacking is the golden nugget of the stablecoin market. We still have not seen that truly emerge. When looking at taking on the world of fiat transactions, there is a glaring hole. What is missing is **commerce**. In short, there has not be much in the way of payment systems surrounding stablecoins. Here is where another transition is required. At present, it is all about swapping, trading, and yield farming. While that is part of the process, true **stability** comes from having a stablecoin that is actively used for purchasing. When it is a method of payment, the entire spectrum changes. Suddenly people are HODLing simply because they know they will need to use it. After all, do we swap out the currency we get our paycheck in for something else? The answer is obvious. We do this because we know we are going to need that money to pay for things. This is one of the reasons why the USD is the most stable of all currencies out there. Globally, trillions of dollars worth of transactions are done in this denomination. The **store of value** comes from the fact that people are engaging in tens of trillions of commerce annually. Essentially, it is a piece of the foundation of the entire global economy. <center>![image.png](https://images.hive.blog/DQmPRQxgjH3Lc57PhjToaTZHHqcwJcpKP1EyyamEjy8ThSM/image.png) [Source](https://tse4.mm.bing.net/th?id=OIP.nuDL56qoUm0858Sr8tOH5wHaFI)</center> # Cryptocurrency Volatility One of the reasons why cryptocurrency has not taken off in this realm is the **volatility**. It is a drawback to the idea of Bitcoin as a method of payment. When the price of an asset can drop 10% over night, that makes it not only poor for collateralization, it is bad for commerce. What vendor wants to wake up and see all sales overnight were actually reduced by 10% due to the currency drop? This is true no matter what the cryptocurrency. It is the reason why stablecoins were created. Simply, the industry needed something that it could utilize for commercial purposes. Of course, so far, we still see the swapping and speculation mechanism being applied. Here is the opportunity. Stablecoins, as their name implies, should remove the volatility from the equation. While most depend upon **arbitrage** opportunities, the key is going to be establishing HODLers. In this instance, instead of it being for speculation purposes, we see this occurring due to the future need. If people realize they will have to (can) use the stablecoin for purchases, we see the desire to have the token. <center>![image.png](https://images.hive.blog/DQmeoHM1FDAzR5L4SQCbcCfhq91MCMsRudjry5pDxrxEMJP/image.png) [Source](https://miro.medium.com/max/1200/1*SwFB1o_k1LGprN-XRUZQ8w.jpeg)</center> # Hive Backed Dollar (HBD) Opportunity We discuss this topic a great deal of late. In these early stages, there are a lot of issues with the foundation we are dealing with. One of the first priorities is to improve the **distribution of the token**. It is difficult to make any progress in this area when people do not have access. Many fear the potential attack on the network that could result from having too much HBD created. This is a viable part of the equation. However, it can easily be offset by the situation being described here. Ultimately, this all comes down to use case. One advantage that stablescoins have is the fact the USD is the **unit of account**. The HBD has nothing to do with USD other than the fact it is the denomination. This is crucial because 4 generations of people know how many dollars are in a barrel of oil as well as a tuna fish sandwich. Ease of use, even mentally, is vital. Stablecoins can extend beyond the financial sector. Again, this is the focus since most see cryptocurrency is nothing more than financial assets. We also have to consider them a major piece of the economies that we are developing. When we look at the **Hive Backed Dollar (HBD)**, we see a number of benefits. * algorithmic stablecoin with no company backing * base layer coin on a decentralized blockchain * money equilibrium based upon market demands (elasticity) * fee-less transactions at the blockchain level Market cap is a metric that the cryptocurrency world focus upon. This makes sense when we look at most of them since they resemble stock more than currency. However, when it comes to stablecoins, the key is not market cap. That could be achieved with nothing more than "money printing". What will ultimately matter is the transactions that occur using the currency. How much commerce is actually being conducted using these stablecoins? Again, we are dealing with the basis of **crypto-economics**. What is the velocity of money for these stablecoins? In the future that is the metric that will be most vital. Essentially, when money flows through an economy at a greater pace, the larger it will become. Keep in mind, the idea of money as a **medium of exchange** means it is really nothing more than a tool of collaboration. This is especially true when it comes to labor. The [Hive Backed Dollar (HBD) Is Becoming A Stablecoin](https://leofinance.io/@taskmaster4450/hive-backed-dollar-hbd-becoming-a-stablecoin). This is an important step for Hive's crypto-economics. Having a tool of collaboration if vital. HBD can fill this role. We have some work still left to do but the foundation is going in place. This can truly tap into the golden nugget for stablecoins. Commercial activities are what we need to focus upon. As applications integrate HBD into their platforms, we can see where the growth will come from. This could far outpace what is done in terms of trading and swapping of tokens. What are your thoughts? Let us know in the comment section below. ___ If you found this article informative, please give an upvote and rehive. https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/doze/MkkDNhyH-2020_04_13_16_57_48.gif gif by @doze ![screen_vision2025_1.png](https://images.hive.blog/DQmXEv6MvKTCurBzSdbKjWzFadJwfJfJfmA2We9EwD5q5Vb/screen_vision2025_1.png) logo by @st8z Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450/the-golden-nugget-for-stablecoins-hbd) hbd @taskmaster4450

HBD APR Goes Up, HBD Supply Goes Down!? HBD APR was set to 20% on April 10. On April 1, the supply of HBD was 9.4M (excluding the DHF), while at the moment (April 18) it is 8.9M (excluding the DHF). A 0.5M reduction. Meanwhile the stabilizer is selling more HBD then buying (expanding the supply), meaning the only why for HBD supply to be reduced are the conversions from other accounts. Here are the top accounts that made conversions, starting from April 1st. | account | HBD | |------------------|---------| | mika | 300,000 | | blocktrades | 80,000 | | jelly13 | 29,450 | | seed-treasury | 26,184 | | demotruk | 6,100 | | stoodkev | 6,000 | | ecency | 5,531 | | fullofhope | 4,359 | | steembasicincome | 3,221 | | jywahaha | 1,891 | | thedeltron | 1,575 | | v4vapp.dhf | 1,350 | | psorigins | 1,002 | | wrestorgonline | 500 | When converting from HBD to HIVE, users are basically buying HIVE, going bullish on HIVE. It seems that some of the top HBD holders expect HIVE to goes up because of the 20% HBD. Today we have a bit different situation :) You can never put logic on the crypto market. hbd @dalzshorts

Hive Backed Dollar (HBD) outlasts another stablecoin <center>![Hive Backed Dollar outlasts another stablecoin.](https://images.hive.blog/DQmYD9E9mxsxcCZcwn84qtKFJUFoU89iCjAU8no9YHKbv5U/hive-backed-dollars-outlasts-another-stablecoin.png)</center> **Direct from the desk of Dane Williams.** <br> --- <br> ## Ethereum's BEAN stablecoin is the latest to collapse, dropping 86% from its $1 peg. Hot on the heels of [Solana’s Cashio stablecoin going to zero](https://leofinance.io/@forexbrokr/you-know-which-stablecoin-didn-t-go-to-zero), Ethereum based Beanstalk Stablecoin Protocol was yesterday night drained of $182 million. This attack ultimately meant that the protocol’s associated BEAN stablecoin collapsed, causing a drop of 86% from its $1 peg. <center>![The BEAN stablecoin collapsed, dropping 86% from its $1 peg.](https://images.hive.blog/DQmduphxToa8mu4aN957g93RSS1Js8AYdzd9kNCbyPJgGqg/bean-coingecko.png)</center> Not sure why it has any value now that this has happened, but it seems people were willing to scoop up this garbage for pennies on the dollar. Eww. So I’m going to ask the same question that I keep asking. Do you know which stablecoin didn’t go to zero? [Hive Backed Dollars (HBD)](https://leofinance.io/@crypto-guides/what-are-hive-backed-dollars-hbd), an actual layer-1 [algorithmic stablecoin](https://leofinance.io/@forexbrokr/best-algorithmic-stablecoins-hbd-an-underrated-gem) that is housed on a truly decentralised blockchain. Yep, HBD didn’t go to zero. Funny that. ### What happened to Beanstalk’s BEAN stablecoin? The [Ethereum](https://leofinance.io/@crypto-guides/what-is-ethereum-eth) based stablecoin project called Beanstalk was yesterday *flash loan attacked*. A flash loan attack is when an attacker borrows funds from somewhere that doesn't require collateral. Then manipulates the price of another crypto asset on one exchange and allows them to quickly resell it on another one. This causes excess slippage which drives the value of whichever token they’re exploiting deep down toward zero. Before the attacker then buys back the token at a deflate to buy back the token at a deflated price. What we saw here was the attacker taking out a flash loan on the lending platform Aave. This then enabled him to amass a large amount of Beanstalk’s native governance token, STALK. With those tokens, they were able to manipulate governance via their newly acquired voting power and thus pass a malicious governance proposal that drained all of the protocol’s funds into their own Ethereum wallet. Beanstalk was exploited for $182 million in the attack, with the hacker himself making away with at least $80 million. Talk about being in the wrong line of work as a [Web3 blogger](https://leofinance.io/@forexbrokr/best-web3-blogging-platform-leofinance)… To top it off, the “team” behind the latest failed stablecoin project had [this to say](https://medium.com/@omniscia.io/beanstalk-farms-post-mortem-analysis-a0667ee0ca9d): > “Beanstalk did not use a flash loan resistant measure to determine the % of Stalk that had voted in favor of the BIP. This was the fault that allowed the hacker to exploit Beanstalk.” The team you trusted with your money *just forgot* to include a flash loan resistant measure in the code. ### Hive Backed Dollars (HBD) is the best algorithmic stablecoin This latest saga is yet another lesson that the words “trust” and “stablecoins” should never be found in the same sentence. Algorithmic stablecoins should never rely on trusting someone and the only way to [mitigate stablecoin risk](https://leofinance.io/@forexbrokr/the-best-way-to-mitigate-stablecoin-risk) is to use trustless algorithmic stablecoins like HBD. HBD is a safer, superior algorithmic stablecoin due to its layer-1 status on the [Hive blockchain](https://leofinance.io/@crypto-guides/what-is-hive-crypto-hive). With regulations, attacks, hacks and just plain laziness from teams behind stablecoin projects, attention will eventually shift to HBD. Even if it is simply achieved through attrition. Best of probabilities to you. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/hive-backed-dollar-hbd-outlasts-another-stablecoin) hbd @forexbrokr

HODL Community joins the HBD-USDC LP effort! Good evening Lions, This week has been very eventful thanks to @leofinance continuing to BUIDL and develop the great LEO and HIVE ecosystems. **The current mission is to improve the HBD liquidity in order to allow outside investors to know/join the HIVE ecosystem.** ![image.png](https://images.hive.blog/DQmRti98LUT518nicZinFgAM7E9kn1zJDfAa7Y6MDK24Zub/image.png) [Image Source](https://images.hive.blog/1200x630/https://i.imgur.com/ZQOy2os.png) As mentioned by @khaleelkazi, a lot of whales are sitting on the sidelines due to low $HBD liquidity. Before advertising the great HBD APR available on the HIVE blockchain, we need to fix this *issue*. As we have been part of the Leofinance ecosystem since almost day1 and are a very active curator on the platform, we felt we **had** to participate in the effort! For this reason, we unstaked our HBD a few days ago and **now we will bridge them to Polygon to join the >50%+ APR offered on Polycub!** #### How did we join our fellow Lions? Quickest tutorial **ever** 1. We sent Hive to the Mandala Exchange (DEX similar to Binance) to buy some MATIC in order to pay for fees **and** later convert them to USDC on the Polygon Netowrk. 2. Convert Hive to USDC on the Polygon Network 3. Wrap HBD into pHBD (plenty of tutorials out there) 4. Enjoy the nice APR and sit back! ![image.png](https://images.hive.blog/DQmSi5zECyo96dAwe2orSdJGE5TFJCZMg4RgZ3DpR3bVvbd/image.png) This is not 100k$ but this is a start and **we might continue to add to it if the experiment is paying out!** #### Caveat! There are 2 things you need to be aware before joining us: * The APR is paid in $POLYCUB not in $HBD * There is always risk when LPing (rugpull, impermanent losses...) * If you harvest **before** 90 days, you will lose some part of the rewards due to how the Polycub's platform works. This is **clearly** intended for long-term HODLers, not for investors needing these funds in the next 3 months. That's all :D. ![image.png](https://images.hive.blog/DQmQZfoZT7nkUt1bW4bDD1UTbBJdTEu77pKcCHkfQMfgtZr/image.png) #### <center> Delegate to @hodlcommunity </center> If you would like to delegate some HP to our community and support us; **we give you back 90% of the curation rewards on a daily basis** ! APR > 12% ! **You can also delegate LEO Power to serve for the Leofinance Community.** #### <center> By following our HIVE trail [here](https://hive.vote/dash.php?trail=hodlcommunity&i=1) </center> ![image.png](https://files.peakd.com/file/peakd-hive/vlemon/FjLvF73Y-image.png) How to reach us | Links **Discord Server** | https://discord.gg/VdZxZwn Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hodlcommunity/hodl-community-joins-the-hbd-usdc-lp-effort) hbd @hodlcommunity

Use Hive's Internal Exchange To Get HBD There is a liquidity crisis going on with the **Hive Backed Dollar (HBD)**, or is there? Certainly with only a little over 9 million coins available, it is going to be tight. One of the reasons for the introduction of the pHBD liquidity pool is to get some liquidity. Considering the Witnesses recently increased the APR on any HBD in savings, availability is something of an issue. Many have expressed the issue of trying to buy large amounts. However we break this down, with such a tight float, there is not an abundance of HBD in existence. It is one of the reasons why the increase in interest is sustainable. We need a lot more HBD. That said, there is an area that we do see overlooked. Acquiring big amounts is a tedious task but it can be done. It is also something to highlight since there is the potential to expand the amount of HBD floating out there by a great deal. # Hive's Internal Exchange Hive has its own exchange. This is located through the [Hive.blog wallet](https://wallet.hive.blog/market). Here we have HBD traded for HIVE and vice versa. Many will find there is some liquidity there to access HBD. ![hiveexchange.png](https://images.hive.blog/DQmPyFbxRv2AfhTUBiRb6sBVqEwWQ7Ut4LcQSk3xVp5ch5u/hiveexchange.png) As we can see the sell orders quickly get to over 1200 HBD. This is not a ton but it does mean liquidity exists. The sell order is there by, I am going to presume, **HBD Stabilizer**. That means if it is filled, another sell order will be placed. When looking to buy hundreds of thousands of HBD, this could be a challenge. However, for amounts up in the thousands, it is there. The question is how much can be acquired on a daily basis? Fortunately, Smooth, the developer of HBD Stabilizer, offered some clarification. <center>![hbdstabilizer.png](https://images.hive.blog/DQmVUYgza8RRtREHpMnQcitN4qvxXEjmcpeXde5LgpkGSGg/hbdstabilizer.png)</center> There we have it. We have roughly 160K HBD per day that is available through the HBD Stabilizer. There are funds that are in the **Decentralized Hive Fund**. Thus we can acquire thousands of HBD for 1% over the best sell price. As was pointed out, this sounds like a large premium but when one is looking at 20% or more, not a bad price to pay. Plus, keep in mind, there are no exchange fees on **Hive's Internal Exchange**. We have more good news regarding this. <center>![hbdstabilizer.png](https://images.hive.blog/DQmNkWD6rYNs5GFYiHgKHMS6cfvAGDZxA4HShrWHfbxgADw/hbdstabilizer.png)</center> Here we see how the amount available each day will keep growing over time. That is beneficial because it is presumed that the use cases for HBD are going to keep expanding. As that happens, the demand should mirror that. So there is a resource to get some more **HBD** into the hands of people. Of course, for this to happen, people need to head to the internal exchange and trade HIVE for HBD. ___ *One note: this is different from the conversion mechanism. No HIVE is destroyed. This is trading. There will be the same number of HBD/HIVE as before. The difference is the HBD is being placed in the wallets of individuals and not in the DHF.* ___ # 50/50 Payouts We have another way to generate HBD that every single person on Hive can do. This is simply a way to access the reward pool to assist in the creation of HBD. Set your **Hive payouts to 50/50**. This will generate half your rewards in HP with the other half coming in HBD. Even if you are not interested in holding HBD, the internal exchange can be accessed to acquire HIVE. Certainly this process is a bit more tedious yet it does help the community. If we all do this, half the reward pool each day will be in HBD. From the looks of it, that could be another 50,000 HBD per day hitting the market. ![hivepayout.png](https://images.hive.blog/DQmeZcx7Wp6RdnL3ez29RaJSkR7ZJKLcyF8dvLANpA8estz/hivepayout.png) Similar to the Hive Internal Exchange, this only works if people set their payouts to 50/50. If people receive their rewards in HP, this does not add to the float. It is something to keep in mind. # Decentralized Hive Fund There is another factor here to consider. The Decentralized Hive Fund presently looks like this. <center>![decentralizedhivefund.png](https://images.hive.blog/DQmPr9WGdE6AbbMGcKfEN8MjEuje2DM1jZPPj4T8zZac6xs/decentralizedhivefund.png)</center> You will notice there is 63 million HIVE in the account. This was the original ninja-minded stake that caused so much controversy over the years. When Hive was forked, it that was put into the DHF to help fund the expansion of the ecosystem. We see, with the HBD Stabilizer, how it is working to get HBD in people's hands. The key about the DHF is that it pays out in HBD. Hence, the HIVE that is in there will eventually be converted to HBD. The DHF pays out a certain percentage each day. That means, as the price of HIVE increases, so does the value of the holdings in the **DAO**. For example, right now the 63 million HIVE is worth about 67 million HBD. If the price of HIVE goes to $2, that would equate to 126 million HBD. This is why the amount of HBD distributed will increase as **the value of the Decentralized Hive Fund** goes up. The amount available can keep growing, further helping the cause. In closing, here is another example of a tool available for the members of Hive to use regarding HBD. Since it is in place, let us try to get some attention on it. Everyone can assist in this process, even if it is getting simply getting partial rewards paid out in HBD. What are your thoughts? Were you aware of these options for getting more HBD into the open market? Let us know in the comment section below. ___ If you found this article informative, please give an upvote and rehive. https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/doze/MkkDNhyH-2020_04_13_16_57_48.gif gif by @doze ![screen_vision2025_1.png](https://images.hive.blog/DQmXEv6MvKTCurBzSdbKjWzFadJwfJfJfmA2We9EwD5q5Vb/screen_vision2025_1.png) logo by @st8z Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450/use-hive-s-internal-exchange-to-get-hbd) hbd @taskmaster4450

My Hunt for HBD | Providing HBD Liquidity on pHBD-USDC is The Smartest Thing You Can do to Moon Hive ![image.png](https://images.hive.blog/DQmXS89XwqCYQNcYsJ74FEH5k2vDQRi4q22cii3Y8JNF8fB/image.png) My hunt for HBD started right when the witnesses announced that the fixed-interest rate of HBD was being raised from 12% to 20%. I already knew that we were developing pHBD for PolyCUB but when this was announced, it lit a fire underneath us. As someone who holds 1M+ HIVE, I truly want to see this blockchain flourish. Along with that LeoFinance is built on Hive and what's good for Hive is good for LEO! ICYMI: pHBD is a wrapped version of HBD on the Polygon Network. You can seamlessly wrap and unwrap HBD using https://wleo.io/hbd *note: if you're looking for a super easy, 3 step tutorial on how to do this, [check out this video](https://docs.polycub.com/mechanics/phbd/how-to-wrap-hbd-into-phbd)!* ## Why Everyone on Hive Has an Incentive to Provide pHBD-USDC Liquidity If you're on Hive, you have a deep incentive to provide liquidity on pHBD-USDC. Why? 2 main reasons: 1. pHBD-USDC is vital to the adoption of HBD 2. pHBD-USDC pays a higher APY than native HBD staking ## pHBD-USDC is vital to the adoption of HBD ![image.png](https://images.hive.blog/DQmdHWHjxE86aw6imxHfpgiMnJwzRSyByYDZLRGd28Nzssa/image.png) I run in a lot of different DeFi circles these days. I've been talking to them lately about the MASSIVE opportunity that is HBD. With the HBD savings rate at 20%, these whales are highly motivated to get their hands on HBD and deposit it on the Hive blockchain to earn a 20% fixed interest yield. Many of these whales are currently staked on Anchor using the UST (Terra's Stabelcoin) token to earn 20% fixed yield. This is a ridiculously important opportunity. HBD is one of the oldest stablecoins in the crypto industry and now it is paying a competitive stablecoin yield to every other platform - including the fastest growing stablecoin on the planet (UST). #### Why Aren't the Whales Buying? But ser, why aren't those whales buying and staking a ton of HBD? They can't. Literally - they can't. There is no onramp and offramp liquidity for HBD. The best place to buy it 2 days ago was the internal market where you had to buy in a few hundred dollar increments very quickly or use a bot to try and get a decent price. There is literally no HBD liquidity out there right now. I managed to do an OTC deal to get 100k HBD at a 2% premium. This was the best HBD liquidity source I was able to find and I found it on Twitter. As of ~24 hours ago, the **best place to buy HBD** is now on PolyCUB.com/farms using the pHBD token. You can swap into pHBD using any Polygon-based asset on platforms like [Paraswap](https://app.paraswap.io/#/?network=polygon). Just 24 hours after launching, pHBD-USDC already has $230k in liquidity and it is growing every minute. We need this liquidity pool to reach $5M. I believe that a $5M liquidity pool is the potential critical mass to onboard a bunch of DeFi whales into the HBD stablecoin and get them to either 1. Provide HBD as pHBD-USDC liquidity and further deepen the pool 2. Unwrap pHBD they buy into HBD and stake on-chain for 20% fixed interest yield ## pHBD-USDC pays a higher APY than native HBD staking ![image.png](https://images.hive.blog/DQmWQDaEJtFkAb8SHNESgUQkZquXQq8Tpq1PnFKTnELszpe/image.png) While I love the Hive community and know that many of us can rally behind a cause just for the sole reason of it being good for Hive, I also know that personal incentives matter a lot. In the world of DeFi, incentives are everything. Our goal is to make PolyCUB to HBD what Anchor is to UST. PolyCUB can be the premier platform to stake HBD and earn high yield while people who want more conservative, native HBD yield can stake HBD directly on-chain. Right now, POLYCUB is paying 58% APR (or over 75% APY) for anyone staking pHBD-USDC liquidity in the Vault. This APR is likely to drop and hover around 30% APR. We plan to keep updating the Multiplier on the pHBD-USDC vault to maintain a 30% APR. There are a couple reasons for this: 1. pHBD-USDC generates massive revenue for PolyCUB's PoL through wrapping fees and built-in arb fees that are collected while PolyCUB's arb bot maintains the $1 peg for pHBD 2. xPOLYCUB governance is about to launch and most xPOLYCUB whales are Hive/HBD whales providing liquidity to this vault. They'll be able to vote more yield into the pHBD-USDC vault 3. It's great for Hive and I am a Hive whale. What's good for Hive is good for LeoFinance and the growth of our ecosystem within Hive. We'll always aim to support and build this ecosystem ## So... Will you help us? Will you help us build the largest source of liquidity for HBD so we can onboard DeFi whales who want 20% stablecoin yield with no hassle? All you have to do is: 1. Wrap HBD into pHBD 2. Provide pHBD - USDC liquidity on https://polycub.com/farms 3. Earn 58% APR for doing so + know that you're one of the first people to seed deep liquidity for HBD and that means that you are playing a **vital** role in building the Hive ecosystem Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@khaleelkazi/my-hunt-for-hbd-or-providing-hbd-liquidity-on-phbd-usdc-is-the-smartest-thing-you-can-do-to-moon-hive) hbd @khaleelkazi

How Can pHBD-USDC Pool on PolyCub Help HBD? As we probably all know by now, [the consensus of top Hive witnesses set the APR on our HBD savings to 20%](https://leofinance.io/hive-167922/@gadrian/great-news-for-our-hive-goals-progress-report-week-14-2022), from 12% previously. It took less than a week since that time before LeoFinance team came with [the announcement that the pHBD-USDC pool is live on PolyCub](https://leofinance.io/@leofinance/phbd-usdc-is-now-live-or-hbd-is-about-to-get-a-usd5-000-000-liquidity-pool), which is quite amazing. ![image.png](https://images.hive.blog/DQmW1hriw2A4rVjARzWaXbDVpfy6C96mh8PFxi5W23t2xjU/image.png) Now, the question many ask themselves is: should I put my HBD in savings on the Hive blockchain, or as a wrapped pHBD in the pHBD-USDC liquidity pool on PolyCub platform on Polygon blockchain? I believe Taskmaster did a great job [explaining the strengths and weaknesses of both options](https://leofinance.io/@taskmaster4450/comparing-hbd-and-phbd-which-to-support), so I'm not going the same route with my post. What I'm going to focus upon is the benefits the pHBD-USDC pool brings to HBD and to the Hive ecosystem as a whole. So, why isn't HBD in savings for 20% APR enough to bring in serious stable coins investors, and a deep liquidity pool would help? As this has been explained a couple of times, while there is a high incentive created by the increase of the APR to 20%, HBD still lacks something essential to be able to be accessed by large investors: **deep liquidity**. And that can be built by adding pHBD together with USDC in the LP on PolyCub. Deep liquidity helps in several ways actually: * allows larger amounts to be swapped between pHBD and USDC at lower slippage * swapping is instant, compared to 3 days withdrawals from savings (+3.5 days conversion time for large amounts on Hive) * gives HBD (via pHBD) an indirect pairing to any pair USDC has on Polygon (or on any EVM blockchain for that matter) * with the previous point in mind also, this pool will likely become the biggest market where HBD is traded * contributes to the pegging of HBD to $1, because it links HBD to USDC, and USDC holds its peg much better and at much higher daily transaction volumes * opens more arbitrage opportunities, with the same effect as above - Leofinance itself will have a bot that will help holding the peg for HBD (said Khal in the AMA), much like the HBD stabilizer probably, although I don't know if they'll work the same way * pHBD and the bridge to/from HBD could likely become the preferred way for large investors to go into/out of HBD savings, if they so choose to - it might not be instant to unwrap large amounts of pHBD, because HBD needs to be withdrawn from savings when pHBD is unwrapped and there's not enough HBD liquid left, but it's less than 3.5 days conversion time while experiencing potential price volatility for HIVE. On the way out, it should be instant once HBD is liquid, regardless of the amount, because the bottleneck is liquid HBD, not pHBD. Most of what I said above, except the instant swapping and the indirect pairing of HBD with any pair of USDC (by swapping pHBD to USDC and then USDC to whatever else you need) applies to large or sophisticated investors. Also the better pegging of HBD to $1 because of its pairing to USDC should be a very beneficial side-effect. But for small amounts in HBD savings, and if all you do is save, and don't take advantage of price swings, arbitrage opportunities and stuff like that, this doesn't mean a lot for you. Other than potentially a better APR (clearly that's the case now, even if you take the early harvesting 50% penalty), paid as POLYCUB, instead of HBD on PolyCub. As I write this the APR is 61%. If you hold the harvested rewards for 90 days you get the full rewards. In 90 days POLYCUB's price could be higher or lower. I have an opinion about which way will it go, but I don't want to influence you. If it is higher at the end, you'd actually make much more than 60% APR. If not, probably you wish you didn't hold them. The alternative is to take the early harvesting penalty of 50%. At this time, that would still mean an APR of 30.5%. That's better than 20% APR. But you'd have to compound the harvests manually into the farm. The interesting part is that you can compound your rewards daily or multiple times a day, if you have a large amount in the pool, and that will drive the APY higher on PolyCub. On Hive the interest can only be compounded once every 30 days. Compounding more often can squeeze a little bit more interest over time. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gadrian/how-can-phbd-usdc-pool-on-polycub-help-hbd) hbd @gadrian

Hypocrite view of HBD Very simple. If HBD is that awesome with 20% APR now, why not whales step in with Millions? I mean they can make 20%. And like some community members promote " without any risk". With this, it must be a no-brainer right? The demand must explode for Hive now, right? 20% wow, that rate is one of the best in the industry. But wait. Nobody wants it. Instead of making HBD better, some stupid ideas pop up to back HBD with an unstable asset like bitcoin... Very smart... And the, even more, worse, including words like temporally. APR Temporally by 20%. I translate it: On hive a little circle decides in a random way the APR of HBD. **Please put your funds in because we want a big pump, we don't put funds in it because we don't believe in it.** Nobody will invest in it without the feeling of security. No liquidity and not really stable. There must a date. APR will be 20% up to xx.xx.2022 or whatever. Maybe we have tomorrow 7%, who knows. I mean Hive has this magic ability to make it look like a centralized shitcoin. Some outside investor looks at hive, nice 20% apr. A little bit of research, wait that shit is 100% random. Fuck it. Never look back. Don't believe me? Ask around and the answers will be like that. ## Natural demand If i can trade with HBD and its stable, i like HBD. Thats it. HBD doesn't need more. In case i want Bitcoin, i can buy. In case i want ETH, i can buy. Some APR if i want do nothing? perfect. Also it must be on-demand. I need the ability to buy/print if I need it without giga fee. So instead of making HBD a bigger shitcoin, thinking about how to increase usecases would benefit more. Terra stablecoin has not a marketcap because of billions because of APR or the emergency fund. It has because people can use it. Please can somebody think in real-world terms about HBD and stop the nonsense? I know nobody reads it, but that is IMO more the way to think about HBD to scale it... hbd @urun

The HBD (pHBD) Train Keeps Rolling Forward Khal talked about it and we saw it coming true. The **pHBD-USDC liquidity pool** is here. We now have access to the Hive blockchain from Polygon. This could end up being a bridge that we sorely need. The [was a USD is now live](https://leofinance.io/@leofinance/phbd-usdc-is-now-live-or-hbd-is-about-to-get-a-usd5-000-000-liquidity-pool) announcement put out that details all that is taking place. This was followed up by a video by @khaleelkazi on [How to wrap HBD to pHBD](https://leofinance.io/@khaleelkazi/how-to-wrap-hbd-to-phbd). This is a vital feature to be able to bridge from Polygon to Hive and vice versa. Earlier we saw the Witnesses raise the HBD interest to 20%. This was a big step and puts the coin in competition with any of the top **stablecoin** returns. The best part is this resides on the base layer and is not a second layer application. ![image.png](https://images.hive.blog/DQmZhnnHAVJK8T6QGgiQS4Di1kn99Cp4G2Yb5rKZMLUJJGc/image.png) # Stablecoins Are Where It Is At For those who indulge in the study of **cryptocurrency**, you will know that stablescoins are all the rage. While some might believe this is a passing fad, kind of like the ICO craze, I can assure you this is not the case. In fact, the entire future of crypto-economics is going to be built, to a great degree, on stable coins. Many feel that other coins are the game changer. They are not. We have seen how they emerged. For the most part, they are akin to high growth stocks. They are wildly volatile and most are used for speculation purposes. There is nothing wrong with that for it serves a tremendous purpose. After all, we know **tokenization** is the future of ownership models. It is also what will allow us to enter into structures such as DAOs. That said, much of the financial world is based upon stability. When it is lacking, things are screwed such as the Great Financial Crisis. Here we can see how stablecoins are vital. Stablecoins offer versatility, creativity, and the ability to expand. They can be the foundation for growing an economy. Ultimately, to provide a legitimate replacement to the existing financial system, we have to build genuine economies. This means commerce. As we saw, this simply does not take place outside the stablecoin realm. That is perfectly alright since we can still develop a lot of tokens to serve different purposes. There really are no limitations. However, when it comes to business purposes, most are going to opt to operate with stablecoins. # HBD Expansion There is a lot of interest surrounding HBD at the moment. Even tonight, we got [HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive](https://leofinance.io/@threespeak/hbd-partial-insurance-with-btc-proposal-to-print-1m-usd-of-hive) put out by the @threespeak team. This shows how much innovation is suddenly taking place. Again, when we start to consider the possibilities with **HBD**, the ideas do start to flow. If we are going to take on the banking system, we have to operate at levels they went to. After all, they built the most powerful system in the world, even more powerful than governments. It is no surprise that the international banking system is running the world. For that reason, we can utilize what they did and build an equally powerful system. If taking over the world is out goal, to give it back to humanity, then we are best to copy this. The excitement surrounding HBD is warranted. While there are issues that people are working upon, we can see the future. Ponder for a few minutes some of the potential that you can see. Think about time locked assets and how many opportunities that generates. Consider how people with HBD are start putting that value to work, even while staked. It opens up an entirely new world of financial innovation. For example, without giving too many details away, how about some of this integrated through gaming? What can be achieved there? I can assure you, it is much easier to innovate a stablecoin like HBD than it is HIVE. # The Market Is Huge People still discuss inflation and the return being too high on HBD. To me, this shows a misunderstanding of how large these markets truly are. Some that I am targeting are dealing in the tens of trillions. That means we are going to need hundreds of billions of HBD to be legitimate operators. This is a point that will become more evident as some of these ideas start to roll out. We know the correlation between HBD and HIVE. Certainly there is the conversion mechanism which can turn HBD into HIVE. The reality there is very few people will use that if HBD becomes a legitimate stablecoin. With use cases, especially in enormous markets, there is no need to convert it. For now, we have very little reason to use HBD. The opportunities are almost non-existent. This is something that could change. With the 20% return making on-chain savings of HBD a legitimate choice along with the Leofinance team trying to address liquidity, we have the start of laying the foundation for a lot more development. There are a handful of people focusing upon this at the moment. That will grow as we keep rolling things out. The key is to present ideas and talk about them. Here is where something gets tossed out which someone else runs with. If all goes well, we will spend the rest of 2022 on the quest for the first 1 billion HBD. ___ * [The Impact Of Hive Backed Dollars (HBD)](https://leofinance.io/@taskmaster4450/the-impact-of-hive-backed-dollars-hbd) * [Hive, Hive Power and Hive-Backed Dollars Explained | LeoFinance Podcast Clips](https://leofinance.medium.com/hive-hive-power-and-hive-backed-dollars-explained-leofinance-podcast-clips-fa4b708cdb1d) * [Hive Backed Dollar (HBD): Taking Things To The Next Level](https://leofinance.io/@taskmaster4450/hive-backed-dollar-hbd-taking-things-to-the-next-level) * [The Road To 10 Billion Hive Backed Dollars (HBD)](https://leofinance.io/@taskmaster4450/the-road-to-10-billion-hive-backed-dollars-hbd) ___ If you found this article informative, please give an upvote and rehive. https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/doze/MkkDNhyH-2020_04_13_16_57_48.gif gif by @doze ![screen_vision2025_1.png](https://images.hive.blog/DQmXEv6MvKTCurBzSdbKjWzFadJwfJfJfmA2We9EwD5q5Vb/screen_vision2025_1.png) logo by @st8z Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/the-hbd-phbd-train-keeps-rolling-forward) hbd @taskmaster4450le

How to Add HBD to the Polycub Liquidity Pool? .:. Short Tutorial With Images So, it finally happened! We didn't have to wait too long to see HBD on the Polygon network! Thanks to the LEOFinance team, HBD is alive on another network too and it can be exchanged for other assets on the Polygon network... All this is possible thanks to the Polycub platform! The next important step is to create decent liquidity there and to do that, everyone can contribute... In this short tutorial, I will show you how you can do it easily... Let's do step by step the whole procedure of adding liquidity to the newly created PHBD-USDC farm! 1.- First thing that we have to do is to convert our NATIVE HBD (not SWAP.HBD from the Hive-Engine, but your HBD from HIVE wallet directly) to pHBD which is the "wrapped" HBD on the Polygon network... Go to: https://wleo.io/hbd/ ![Untitled design.jpg](https://files.peakd.com/file/peakd-hive/ph1102/EpdnS2izwu2No8zkg9naxV5NMZyLWRdwn1Tq4WQAJQGR2RXWVuXsKE2j8i1Hw4irPoP.jpg) In the first field, enter your Polygon address, and in the second one amount that you want to transfer and click TRANSFER. The Hive Keychain PopUp should appear to confirm your transaction... Click on CONFIRM... Wait for a couple of minutes and check your Metamask if pHBD has arrived... ![02.png](https://files.peakd.com/file/peakd-hive/ph1102/23vhqH82fuBt813JCA8VzH8swV5aqk6qdcTos48sx3n3JonJEkMU2en8sDgqJPEhz6PCC.png) **IMPORTANT!** If you have more HIVE account in your Keychain, maybe the wrong account will appear on the top... Use the drop menu to pick the right one! <center> ![pg divider203.png](https://images.hive.blog/DQmZPr4hR3gSAiy5so6igJkAJP66K8gpN26kYYNeJZAruay/pg%20divider2-03.png) </center> 2.- Go to https://polycub.com/farms and Enable LP. Click on the ENABLE button and confirm with your Metamask wallet. Wait for the transaction to be confirmed. ![Untitled design(1).jpg](https://files.peakd.com/file/peakd-hive/ph1102/23t79QDAPBH6fynjeUDsw7dvWYZoKsKHBAH7hCZV7dTa3ZmifvaKBaujjez1YhGvQ8Dcj.jpg) <center> ![pg divider203.png](https://images.hive.blog/DQmZPr4hR3gSAiy5so6igJkAJP66K8gpN26kYYNeJZAruay/pg%20divider2-03.png) </center> 3.- Click to Get the PHBD-USDC LP link on the left. The Sushi website should appear... ![04Approve pHBD.png](https://files.peakd.com/file/peakd-hive/ph1102/23tv1v16gVd7L5cDeFNcunBaziHS3cwDRBaEYNftMZXboLZpDKD2XcM8oRTQdeVvymZb3.png) Click on the Approve pHBD and wait for the confirmation... After that button should disappear and you should see something like this ![05AddLP.png](https://files.peakd.com/file/peakd-hive/ph1102/23wq3xWCBd4f35ZoeLG49XVo2bEHDzTMvTY2eigFngTNDLhspy7bdvKEzrrGQsesbhVxV.png) Click to Add Liquidity, confirm with Metamask, and wait for confirmation... <center> ![pg divider203.png](https://images.hive.blog/DQmZPr4hR3gSAiy5so6igJkAJP66K8gpN26kYYNeJZAruay/pg%20divider2-03.png) </center> 4.- Deposit LP Tokens on Polycub.com Go back to https://polycub.com/farms... Click on the Stake LP button... ![03.png](https://files.peakd.com/file/peakd-hive/ph1102/23t7AyQJtUMQjMCMeE4MfFvXqfoR4snJiWZjHbH35urbtiqMj5eFLTb6KcoYcQPsvYBQj.png) You should see a Popup window like this... ![06StakeLP.png](https://files.peakd.com/file/peakd-hive/ph1102/23wg95uFAUZ9gJpWmBnYdCR3idjs26GASRyQBiKTT5AFZtrDE2wzSf9RwpDhXeMo23PRH.png) Click on Max, then Confirm, and confirm with your Metamask wallet... You are done! You have successfully added pHBD-USDC LP to the Polycub pool... You can relax and enjoy your Easter vacation! :) Thank you for your valuable time, ~ph~ <center> ![pg divider203.png](https://images.hive.blog/DQmZPr4hR3gSAiy5so6igJkAJP66K8gpN26kYYNeJZAruay/pg%20divider2-03.png) **If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...** [![Guardians_Of_TheHiveEngine.png](https://files.peakd.com/file/peakd-hive/ph1102/70T6tYwm-Guardians_Of_The-Hive-Engine.png)](https://tribaldex.com/witnesses) Don't forget to **follow, reblog, and browse [my Hivepage](https://peakd.com/@ph1102)** to stay connected with all the great stuff! **You can also find me on [LEO Finance](https://leofinance.io/@ph1102) .:. [Twitter](https://twitter.com/ph1103) .:. [LBRY](http://bit.ly/ph1102-lbry)** </center> Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@ph1102/how-to-add-hbd-to-the-polycub-liquidity-pool-short-tutorial-with-images) hbd @ph1102

Application sent for HBD to be added also to the stablecoins category on CoinGecko I don't know about you, but I am really hyped for HBD providing a 20% APR for simply depositing it in the Savings account. This makes it one of the most profitable stablecoins in the world and as a result of that we need to help bring it into the spotlight. So for today, my involvement was to send a mail to CoinGecko in order to add HBD also in the stablecoins category and start bringing some traction to the Hive ecosystem. ![image.png](https://images.hive.blog/DQmbtAKMn5padiE4rskcWTYdnbMHyavRnGkUtNw7gTPYFtk/image.png) The mail I formulated is the following: > Hi CoinGecko, HBD (Hive Dollar) is already present on CoinGecko https://www.coingecko.com/en/coins/hive_dollar, but being a stablecoin is not also present in the specific category for it https://www.coingecko.com/en/categories/stablecoins. Considering that this is one of the oldest algorithmic stablecoins from Hive blockchain on the market, it would be great to add it to the right category as well. On top of that kindly notice that now HBD has an APR of 20% for holding it into Savings account, which makes it one of the most competitive stablecoins out there, even surpassing UST with its ~19%APR. >More information on this can be obtained on the Hive blockchain (https://hive.io/) and on HBD in a Hive account wallet (https://wallet.hive.blog/@Your_Account/transfers). >Thank you for considering this application and I am sure that CoinGecko will benefit also from the traffic to the HBD listing with its impressive 20% APR return. Loyal Hiver This is one example of an initiative that we can all take in order to spread the word about HBD stablecoin with its impressive 20% APR in special and about Hive blockchain in general. I've always believed that the power of this blockchain stands in the communities and people from here and this is an example of a little gesture that we can all contribute. So I challenge anyone reading this post to take a minute and think where we could broadcast the HBD stablecoin announcement/listing and try to take action and help with that! Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@behiver/application-sent-for-hbd-to-be-added-also-to-the-stablecoins-category-on-coingecko) hbd @behiver

HBD Dilemna - To unstake or to keep staking... Hi HODLers, Khal just dropped another bombed out there as it seems pHBD is sooner than soon! I cannot find the tweet but he is basically anouncing that we might want to consider withdrawing HBD from our Savings on HIVE! ![image.png](https://images.hive.blog/DQmPUPiGhAEBW8W3RrLyEdnhLhdVadLmDbPZa6ynkwzWiwU/image.png) [Image Source](https://images.hive.blog/1200x630/https://i.imgur.com/we1tz4O.png) **The estimated APR would be around 40% by providing the USDC-HBD LP!** This is twice as much as an already VERY high rate. Of course there are more risks involved: Impermanent losses, hacking of the Polycub platform, etc... You also need twice the capital as you will need to buy USDC to be able to pair it 1-1. So I am a little bit torn as I was using the HBD savings as the safest and simplest way to get yield. Now there is more yield with also more risk and I don't know what to do! #### Khal is looking for HBD liquidity! ![image.png](https://images.hive.blog/DQmchuWHff71BUjm7cuTw88z8cpKesPQ3bRpv2uDdNR2hCV/image.png) Anyone with some extra HBD to sell? Stay safe out there, it is about to get crazyyyyyyyyy... ![image.png](https://images.hive.blog/DQmf8M7sc1D6qBdBhsPoCWTLWSr2yEc1xXeBteBJrkFyB5s/image.png) #### Latest Analysis * [HBD - USDC Pool is coming! Prepare to get rich, steadily...](https://leofinance.io/@vlemon/hbd-usdc-pool-is-coming-prepare-to-get-rich-steadily) * [Kevin O'Leary has now 20% of his portfolio in Crypto! But which ones!?](https://leofinance.io/@vlemon/kevin-o-leary-has-now-20-of-his-portfolio-in-crypto-but-which-ones) * [Staking is the name of the game! Sticking with my strategy](https://leofinance.io/@vlemon/staking-is-the-name-of-the-game-sticking-with-my-strategy) * [Is Mexico next to adopt Bitcoin as a legal tender? Vote later this year!](https://leofinance.io/@vlemon/is-mexico-next-to-adopt-bitcoin-as-a-legal-tender-vote-later-this-year) Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@vlemon/hbd-dilemna-to-unstake-or-to-keep-staking) hbd @vlemon

Where Does HBD Stand Compared To Other Stable Coins APR <center><img src="https://i.imgur.com/lwCIe1W.jpg"/></center> [source](https://thefinanser.com/2022/02/what-are-stablecoins.html/) There has been much talk of late regarding the Hive Backed Dollar after it moved from offering 12% to 20% which is a big move as that is close to a 70% rise. What this move has now done is make what we have here on Hive worth investing in as the offering is that good. Let us take a look at what is currently out there and compare apples with apples as it is good to know what is currently being offered outside of Hive. <center><img src="https://i.imgur.com/VR4HnmC.png"/></center> [source](https://www.business2community.com/cryptocurrency/earn-interest-on-stablecoins) Bybit is a contender offering 18% and has over 120 000 investors who are already onboard. This is actually misleading as this offering is no longer and has been sold out. 50 million UST was their cap. <center><img src="https://i.imgur.com/zJZTpkO.png"/></center> The next best stable coin offering on Bybit is actually 3% for USDT and have only 38 million staked which shows just on these two how short we are with what we have in HBD by about 64 million in total numbers. <center><img src="https://i.imgur.com/zfu6JUu.png"/></center> [source](https://www.bybit.com/en-US/earn/flexible-staking/) Aqru is another platform offering interest on stable coins with the one downside which is the same as Bybit it is not available to the US. The risk is they are fairly new in the crypto scene and they also charge $20 for every withdrawal. <center><img src="https://i.imgur.com/eDTCinv.png"/></center> [source](https://aqru.io/) Crypto.com I have looked up before as I have looked at their crypto visa cards for ease of crypto use in the real world. They are a big player and have been around for some time which is a plus as trust is everything. <center><img src="https://i.imgur.com/yyxnBcZ.png"/></center> [source](crypto.com) the big words here are up to 10% on stables which is 50% of what HBD is offering and falls way short. They also charge a $25 withdrawal fee and if you want to use their banking card have to stake x amount of CRO. They say up to 10% but the best I could find was actually 8% for a stable coin. <center><img src="https://i.imgur.com/64qefZH.png"/></center> [source](crypto.com) Lastly we have BlockFi and after doing a search they only offer a maximum of 10% on stables. I never dug deeper as this offering falls way short to what HBD is now offering. <center><img src="https://i.imgur.com/o9xa5eg.png"/></center> [source](https://blockfi.com/crypto-interest-account) Just to do a quick summary what we have here with HBD is definitely unique as firstly this is low risk being part of the Hive blockchain. The only downside is the liquidity which is a bare minimum and will limit whoever is interested in getting hold of any. The only solution is to do the conversion from Hive to HBD over the 3.5 days. There is risk attached in this process as Hive could increase or decrease in price during that 3.5 day period. I am sure the rewards are worth the risk however as 20% is definitely the leading offer available right now. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptoandcoffee/where-does-hbd-stand-compared-to-other-stable-coins-apr) hbd @cryptoandcoffee

What Is The Best Place To Buy HBD? This post is two months old but still gives a nice perspective. https://leofinance.io/@dalz/what-is-the-best-place-to-buy-hbd-or-data-on-hbd-liquidity-and-trading-volume TLDR: > If you are Korean, then that will be Upbit. If you are not Korean that will be the internal Hive DEX, and then Hive Engine. Just a note on the internal DEX, to be careful with large buys, because the slippage can be big, since it depends on the order book. In some cases, it is better to buy on the Hive Engine pools. Buying 10k HBD in one transactions can cause big slippage on the DEX and Hive Engine. For amounts like this it will be better to do it in multiple transactions per day on the internal DEX. >Finally, to add HIVE to HBD conversions on the list. For large HBD buys, say 100k or a 1M HBD the most practical way would be to buy HIVE first and then convert it to HBD using the on chain conversion. Note that the blockchain has a price of $1.05 when making this conversions or a 5% fee. Still for large buys this will most likely be the best way in a short period of time. The other way for a non Korean user will be multiple buys over a long period of time on the internal Hive DEX. ![image.png](https://files.peakd.com/file/peakd-hive/dalz.shorts/23tkfuQPvXNRkdxxmpKgbEm8SeQZzzRGJW4XP3VZmjTikjdUzhzeb8RAyJMLJWbaQDvv1.png) hbd @dalzshorts

20 APR in Stablecoin HBD will put Hive way ahead of it's competitors. ## 20 APR in Stablecoin HBD will put Hive way ahead of it's competitors. When it comes to Hive , it is one of the stable and old blockchain that is complletely decentralized , free transactions, human readable wallets and lot of features that really make it a very desirable blockchain but it still it is not one of most talked and top 100 blockchain despite it is also the home of the most played blockchain game [Splintrland's](https://splinterlands.com?ref=r1s2g3) ![image.png](https://images.hive.blog/DQmNimbobM9Mw1qS1Uz9gk4LFfUXnH2ULDrmdUBPjQgz59X/image.png) [Source](https://pixabay.com/photos/strategy-chess-board-game-1080527/) It is not like that Hive is not known to the crypto community and Hive history goes back to STEEM when [Justin Sun acquire Steem](https://cointelegraph.com/news/justin-sun-recounts-steem-hive-hard-fork-at-virtual-blockchain-week) and community hardforked Hive because of the some decision taken by steemit inc. Even the birth of the community also not got unnoticed as VitalikButerin mentioned that he is not ignoring Hive https://twitter.com/VitalikButerin/status/1297101546652483584 <center> ![image.png](https://images.hive.blog/DQmd6mrEt3HhJk1DknZ7sWHtbQv2h58Zaet38FbirujRr8c/image.png) </center> Definitely, if you are interested in reading more about it then you can find more at @taskmaster4450 [post](https://leofinance.io/@taskmaster4450/vitalik-buterin-i-am-not-ignoring-hive) . So Hive is not new and since it's inception it is working towards making blockchain more scalable so that can onboard more users. ## What is really nice in this 20% APR. ### 1. Decentralization. Hive is decentralized chain without any CEO, COO or any kind of executive officiers. Hive witnesses are the one who maintain and enhance Hive blockchain and they got chosen by the "Hive Power" vote of the community. ### 2. No KYC If you are not interested in any kind of KYC then Hive decentralization is perfect for you. Nobody ask for any KYC in Hive , not even for earning 20% APR. ### 3. No transaction fees. If you got HBD in Hive blockchain then there is no transaction fees to move HBD from one account to other or "move it savings" that is required for 20% APR in HBD. ### 4. No Liquidity pools. You do not need to put your stablecoin(HBD) in some liquidity pool to earn APR. It saves you against any impermanent loss possibility, You have HBD and you get interest paid in HBD. ### 5. No Min- Max dollar requirement. As far I read about it , I do not see anyone mentioned any kind of min-max requirement. Even I was earning interest in less then 20 HBD and I am sure blockchain did not set any limit. ## Now, what is the catch. ### 1. 3 day locking period. HBD need to moved into savings and it is no more liquid. if you want the HBD back, you have to wait for 3 days. ### 2. No Signup bonus. As I already said that Hive is a decentralized environment, so no KYC and no signing up bonus that various site give up for signing up. Again it is up to you whether you value Decentralization, where you are in control of funds always or you like to deposit in third party site. I am sure that 20% APR in HBD stablecoin will really generate interest of many and whatever I followed about stablecoin, this is really nice APR. Please feel free to comment, upvote and reblog. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@r1s2g3/20-apr-in-stablecoin-hbd-will-put-hive-way-ahead-of-it-s-competitors) hbd @r1s2g3

Thunkgaria backed by HBD & UST Good day Players!!! With a lot of blockchain games coming and going. I wanted to do a post about the Thunkgaria sustainability. As a lot of you know, the standard thing for a new game is to issue some type of token, NFT, Land plot sale to raise money to fund the development of the game. Sometimes this works out other times players that invested sit for a long long time with no return. With Thunkgaria I took a different route and funded everything myself. Now some of the haters are saying "your not a blockchain game". Without getting into that subject (it is for a whole different post). We do have blockchain logins and connectivity being worked on. We are also fans of the Hive Social Blockchain system. So we do reward our players (community) with upvotes on Hive and the ability to use Hive/HBD to purchase in-game currency (relics). Now this purchase does have to be manual right now, but like I said we will be automating this. **Finances of Crystal Spider Games** As many of you know our games are produced under the Crystal Spider Games umbrella. Even tho we fund the development. Each game needs to be able to fund its servers. Thunkgaria can currently pay for its own servers and has 125 HBD & 125 UST currently locked up for Thunkgaria. Currently in Thunkgaria we have issued 6,250 Relics. These Relics are backed by the HBD & UST giving each Relic a $0.04 cost basis. Yes we do sell Relics at a cost of $0.20 - $0.25 each, we use the money for the server cost and then the rest to buy up HBD & UST. --------- We are considering doing a semi-annual Relic to Hive sale. So you can cash out some of your in-game relics. (you can earn them through events and selling items on the in-game market). So just to let everyone know we are backing Thunkgaria with HBD & UST and currently our upvoting account (Holybread) is hovering around 11,000HP for upvotes to top ranked players and any content covering Thunkgaria. **Tomorrow is Friday** Friday means new content. :) Let me know in the comments of any questions and if you read this far and put "give me some" in your comment. The 1st 5 people will get a HBI/SBI sponsorship to help when you post. ![hbd.png](https://files.peakd.com/file/peakd-hive/simplegame/23tGVvFUMWKvFsKXSjQAV8ErN37vXfmuza2TmAxAHjQ1MbZSXZhg7VVMUS3cEsyQULuDg.png) hbd @simplegame

Comparing HBD and pHBD: Which To Support? There was a ton of excitement generated when the Witnesses increased **the interest on HBD in savings to 20%**. This was for good reason. A move like this could really propel Hive into focus. We all saw the success of UST and LUNA. That said, there are a host of issues with HBD. At the top of the list is liquidity. We have around 10 million HBD on the open market, excluding those locked in the DHF. This means the float is very tight as evidenced by people trying to buy large chunks of it. There are offers being made for anyone willing to sell 50K or 100K worth of HBD. One of the solutions is the announcement of the **pHBD-USDC liquidity pool**. Having a couple millions tokens available for purchase is crucial. The goal there is to develop the deepest HBD liquidity pool. For this reason, people will have to decide where to place their resources. In this article we will take a look at the two options and define what each entails. ![image.png](https://images.hive.blog/DQmTzL5RJX2Sm465of17mLJ4kAPhx7KzKKNG1L4TWC9gLMt/image.png) <center>[Source](https://images.hive.blog/DQmQYtgcAKqMudPiB3N9XynQNn8JpjPf7ErnoSnANHU5BAq/hbd_yields%20-%20Copy.png)</center> # HBD In Savings There is very little downside to this. With HBD placed in savings, one is engaging in a very low-risk option that now pays a sensational return. HBD is a base layer coin. Having it deposited into savings eliminates dealing with any third party. All activity is done directly on-chain, through one's own wallet. Nothing leaves the ecosystem. At the same time, the 20% APR is **paid out in HBD**. One is earning the same coin as is deposited. Obviously, this created more HBD, which the market sorely needs. From this perspective, it is helping out distribution. In the world of Decentralized Finance (DeFi), 20% APR might seem like nothing. However, bear in mind that is an outstanding return. This is like 40 times (or more) what a savings account in the traditional banking system pays so it si not to be scoffed at. This was the [annual return Warren Buffett](https://leofinance.io/@taskmaster4450le/now-everyone-on-hive-can-be-warren-buffett) used to become the richest person in the world at one point. What this option does not really help with is the liquidity problem. Over time, producing 20% on the HBD put into savings will expand the distribution. However, it will take a long time. Nevertheless, each new coin created does help. The key with HBD is savings is **low-risk, strong return**. # pHBD On Polycub This is a development that is designed to target the **liquidity** issue. To start, we have to mentioned, anything placed in the pool does NOT generate HBD as a return. Instead, the payouts are in the native token to that applications, POLYCUB. We are seeing the bridging between the Polygon and Hive chains taking place. It is a big step forward to allow easier access to Hive. Polygon is gaining in popularity and accessing the EVM forks is always a good idea. There are some additional risks with the pHBD option. Since we are dealing with a second layer solution, we are introducing **third party risk**. No longer are the tokens on-chain. Instead, they are going to be in "wrapped" form. Each HBD will be swapped out for a pHBD. This is done all the time so it is nothing to fret about. The key is that one needs to trust the Leofinance team and their platform. Another element that is added is the **price volatility** of POLYCUB. Unlike the HBD in savings, the return on the pHBD vault is done in the native token. Hence, one is taking on the risk of POLYCUB price movements. This is compounded by the fact there is a 90 lockup before claims. Anything that is taken out before that is subject to a 50% penalty. Which brings us to the return. Since we do not have the details, we can only speculate based upon numbers we saw tossed around. What we do know is that the return on pHBD will be higher than the savings on Hive (30%-40% APR was mentioned). This makes sense since people need to be compensated for the additional risk they are taking. Of course, the 50% penalty on claims has to be factored in if someone is opting for that. We might want to point out that, with the price of POLYCUB being so low, there is the opportunity for the return actually to be a lot higher. If POLYCUB increases in price during the 90 day lockup, one could actually come out way ahead. This is adding an element of speculation which might appeal to some people. At the same time, we would be remiss to overlook the fact the price could head down also. While this does not directly generate more HBD, it is seeking to solve the liquidity problem. That said, there will be more HBD produced as **a portion of the pool will be placed into savings**. Part of the HBD that is swapped in will be used to generate the 20% return. Some will have to remain liquid, say 50%, for people swapping. However, anything above that can be deposited into savings, helping to create more HBD. Ultimately, these payouts will be swapped into pHBD and deposited into the LP, further helping the liquidity. The final component is that your money is always available to you. The 50% penalty does not mean that the funds are locked up. If one chooses, he or she can pull out the payouts along with the money in the pool. This can be done at anytime. With HBD savings, there is a 3 day period before the funds can be accessed and interest can only be claimed every 30 days. # Which To Support There is no right or wrong answer here. It basically comes down to the individual and one's **risk tolerance**. HBD in savings is less risky. The return, however, is going to be better in pHBD. One produces more HBD while the other is meant to help with the liquidity issue. In my opinion, both will work out well in the end but it is up to each to gauge his or her own investment preferences. The goal is to get 2.5 million in pHBD in the **liquidity pool**. This is to serve as an easy way for people from the outside to get involved with HBD. By purchasing it out of the pool and then swapping it over, one can then get involved with the 20% on-chain. For people who are playing with large sums of money, this is a welcomed idea. It is always nice to have options, especially when they pay a very strong return. Whatever people choose to support, the important thing is to start thinking about **HBD** (or pHBD) and how you can implement it into your portfolio. All of this will ultimately help Hive a great deal. What are your thoughts on each of these options? Which has benefits, or drawbacks, that will influence your decision? Let us know in the comments below. ___ If you found this article informative, please give an upvote and rehive. https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/doze/MkkDNhyH-2020_04_13_16_57_48.gif gif by @doze ![screen_vision2025_1.png](https://images.hive.blog/DQmXEv6MvKTCurBzSdbKjWzFadJwfJfJfmA2We9EwD5q5Vb/screen_vision2025_1.png) logo by @st8z Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450/comparing-hbd-and-phbd-which-to-support) hbd @taskmaster4450

HBD:A Stablecoin Advise To Keep You Afloat I think stablecoins are one of the best things that ever got created on the blockchain with its ability to be unaffected by volatility or rather, slightly affected to the slightest minimal by volatility. This way you can confidently run to it as a safe haven when the market is running wild. Market running wild in my opinion is when it’s dipping, but the market can run wild in the bullish side, but no one complains when market runs bullishly. Stablecoin is that asset you always have to have aside for the dip. Like I used to say, always have the buy the dip money. ![4EBE8D40-CACE-4326-AD83-A3A171914EB3.png](https://images.hive.blog/DQmSCpGMCfNHNNqXzHGq8SNDmSYtkTkU2UfiAsbkjLSKbhM/4EBE8D40-CACE-4326-AD83-A3A171914EB3.png) <center>[Image](https://ecency.com/hivemarketing/@doze/hbd-graphics) Source</center> In my early days of trading crypto, I felt leaving my assets in Stablecoin was a waste of time because, it doesn’t get affected by volatility, so I always found a reason to put it into use by buying a coin or something. Market will always rise and fall, it is its nature, as long as people keep investing hugely in the crypto market, volatility is bound to happen. There are sinking times when, no matter the utility or use case of the coin you are buying, it’s just going to sink because, the big boys(whales) are playing really rough in the market. The biggest ship in the market is the Bitcoin, when it decides to sink heavenly, it’s almost impossible for the whole crypto market not to sink along with it. This can be really devastating because I sometimes wonder, why would other coins sink with it, if I wanted my coin to sink I would have bought bitcoin. But we know this is possible because of the dominance bitcoin has over other coins(altcoins). The way I view StableCoins changed ever since I knew the HBD(Hive Backed Dollar). The Hive Backed Dollar unlike other basic stable coins like the Tether(USDT), USDC or BUSD backed by the native United State Dollar is backed by Hive. Which means that the Hive coins backs the value of the HBD. ![C27F8A05-F941-43B2-A7D0-2C47540FCF1A.jpeg](https://images.hive.blog/DQmfZJuxWNokv57CFCuwWveBny5HVmKeyfxsGf56XDmwPcy/C27F8A05-F941-43B2-A7D0-2C47540FCF1A.jpeg) Everyone is excited about the HBD savings because the APR is up, imagine having 20% APR for staying safe, this is the best opportunity. Let’s look at this scenario, the market is about to tank, you convert your money to HBD and put it in the HBD savings section. While waiting for the market to show some sign of stability and looking for a sign through technical analysis, your money is generating income at 20% APR. In as much as I prefer fundamental analysis to technical analysis, during times of dips I use technical analysis to know when the market is about to bounce back from a support. While analyzing the market with technical analysis and waiting for an entry, you can leave your asset in HBD Stablecoin and stake it. This way you earn income while waiting during the dip. This is the best Stablecoin advise I can give to myself. Thanks to the Leofinance team, we now have options, if you don’t want to buy HBD and leave in the HBD savings vault, you can provide liquidity in the pHBD-USDC liquidity pair, this feature is not out yet but we are expecting it soon. This way you put your Stablecoin to use while you wait for the dip’s storm to be over. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@readthisplease/hbd-a-stablecoin-advise-to-keep-you-afloat) hbd @readthisplease

I just realized that if I put 100% into HBD I will be earning $100 a day. That’s like getting a $200 upvote on every single post. Woo hoo… Now I can just post whatever I want. Hive is awesome. ![66AD6E24-B097-444F-A3F2-FE1C9CBAA35E.jpeg](https://images.hive.blog/DQmbZfLCJv8DWoEVZN8ocnxzSpAuQqcgs8rzfbEYiz51rV9/66AD6E24-B097-444F-A3F2-FE1C9CBAA35E.jpeg) hbd @offgridlife