Posts

RE: RE: HBD Pump! PolyCub pHBD LPs are winning BIG!

avatar of @jelly13
25
jelly13
@jelly13
·
·
0 views
·
1 min read

Just a proofread:

So your total LP might be now 250$. 62.5 HBD and 125 USDC.

As HBD returns to $1.4, you have 83.3 HBD and 116.7 USDC, "only" worth $233.3 (certain people like to call it a loss although you are $33.3 up).

Note that we rely on outside info when evaluating your HBD and USDC. Looking at the sigle LP, for all I know it could be HBD sitting at $1 and USDC going to hell. Either way, it is still wise to leave the pool (if USDC zeroes, you got out for $83.3 which is way above the inevitable $0 if you stay).

This also explains the temporary spike in LP APR - smart money is out (trading HBD -> USDC as other LPs confirm both coins are healthy) and will be back when parity returns, pushing APR back to norm (earning more than those who stayed in and only collected extra fees).

Posted Using LeoFinance Beta