Taking Advantage of the 44% APY (bHBD-bHIVE)
One of the great things about being here on LeoFinance is the chance to learn about other opportunities that we can delve into.
We are no longer limited to the idea of just creating content, curating and all other on-chain stuff because the LeoVerse has opened up another DeFi world for us to venture into. And we can even take our Hive assets along to explore with us which is a good thing because not only we are helping to alleviate the liquidity limitations especially that of the HBD, we are also diversifying our investments if I may say so. And we can also take advantage of arbitraging opportunities out there.
Anyway, checking CubFinance today, I noticed that the APY for bHBD-bHIVE is at 44%, something quite irresistible. I think it went up a bit from the last time I checked so I can't say "wait" anymore.
I have been thinking about pooling some HIVE into CubFinance for some time but the thought of swapping half of the HIVE for bHBD didn't sit well so I dismissed the idea. The good thing is that my befuddled brain cleared out in the afternoon and reminded me of the BUSD on my Binance account which I no longer use to trade.
And so my liquid $HIVE swiftly went through the Multi-Token Bridge as the BUSD from Binance found its way to my Binance Smart Chain wallet. They both arrived fast and that's one of the things that I like when processing transactions through the MTB and on BSC network, no delays or waiting whatsoever.
I then LP them together after swapping the BUSD to bHBD, enabled the pool and voila! My second farmer (bHBD-bHIVE) in the CubFinance Farms is live and on to earning me some $CUB!
Reading the latest CUB Monthly report update, I learnt that the DAO has been buying and burning CUB every single day and that the volume burnt in the last two months (August & September) was massive and even went over the total CUB burnt in the previous 18 months.
From that, it is safe to say that the deployment of both $HIVE and HBD into the CubDeFi pools has created really good opportunities for more people in the Hive blockchain to take advantage of, thereby making the MTB busier and generate more volume and revenues which of course resulted in the burning of more CUB than ever before.
The more Hive assets go through the bridge, the more CUB will be out of circulation, the better it becomes for most sides (HIVE, HBD and CUB), talk about win-win.
Image/s obtained within the LeoFinance and CubFinance. No copyright infringement intended. 031022/20:40ph
Posted Using LeoFinance Beta
