Posts

How To Buy Hive Dollar(HBD) in 2022 - Easy

avatar of @mistakili
25
mistakili šŸ¦
@mistakili
Ā·
0 views
Ā·
3 min read

Buy Your Hive dollar(HBD) on Paraswap

Polycub has made it possible to get HBD easily with USDC and any token on the Polygon network, itā€™s really nice to see! Ever since the 20% increase in the interest rate of HBD savings on Hive, acquiring HBD through Hiveā€™s internal market has been a hassle!

Just today, I tried to exchange $100 worth of Hive for HBD, it was slow, there was a lot of back and forthā€™s, cancels, and I ended up getting only about 60HBDā€™s after gassing out of frustration.

The pHBD-USDC farm on Polycub fixes this for people who need HBD to farm the 20% interest apr on HBD savings on chain or for those who want to buy HBD to farm higher APR on PolyCUB.

To buy Hive dollar(HBD) on Paraswap.

  • Visit Paraswap.io
  • Connect your wallet to Metamask. Ensure youā€™re on Polygon network
  • Enter the chain iD for pHBD
  • Swap with USDC

To transfer pHBD to Hive Blockchain and to transfer HBD to Polygon network, use the wrapping bridge

  • Visit https://wleo.io/hbd/
  • Each page is dedicated to cater to your intention, enter the details of the one youā€™re interested in. Voila.

Note

  • There is a 0.25% FEE when you wrap HBD to pHBD

My Plans To Ape Into The Pool

My initial plan was to raise $1k from my Rune stash for it, itā€™s been my plan from the scratch, my target was to sell 100 RUNE at $10 way before now, but market has been ā€˜marketingā€™ and RUNE has refused to get to $10 after correcting at $13.

I know it will, but I could use some speed as the farm is currently offering over 70% yield at the time of writing this post. When that time comes, I wonā€™t bother using the internal market to buy HBD, Iā€™ll save myself the hassle and use Paraswap.

Or maybe I wonā€™t sell Rune, maybe Iā€™ll have to think of other ways to ape in, whatever the case maybe, it is my joy to know that the offer is on the table for taking and anyone from anywhere can have access to it and use it to build something tangible for themselves over time.

Anyway, in the meantime Iā€™ve entered the pool with about $120, to test the waters while I wait for some financial miracle lol.

XPolyCUB POOL JUICY AF! šŸ˜šŸ„µ

Itā€™s such a good time to be in the Xpolycub pool, when stable coin farmers harvest their rewards, unlocking it invokes a 50% tax unless they lock it for 3 months. Normally, it is expected that many will want to pay the tax, however, if they do, bravo, it means more Polycubs for Xpolycub stakers.

If they donā€™t, bravo, it means Polycub in more hands and when anyone takes the Polycub pill we all know how it ends, they get absorbed in to the black hole of the Leo pride where they also discover Hive and other life changing opportunities. And you already know what happens when someone takes the Hive pill. I donā€™t have to say more.

Iā€™m super bullish on Hive.

If you will like to enjoy over 60% APR on Stable coins on the Polygon chain, go to : https://polycub.com/farms

To add liquidity:

  • Visit https://app.sushi.com/
  • Add pHBD Contract address in one side
  • Add USDC in other side
  • Approve
  • Add Liquidity

To LP on PolyCUB.com and earn yield:

pHBD Contract Address: 0x6d969cea201e427d2875724fd4e8044833fbc7f4

Note

  • 50% tax is applied on unlocking pcub before 90days.

I wish you an interesting farming experience.

This is no f.a. Kindly dyor

For a more detailed walk through on how to wrap and unwrap HBD visit this link.

To read more about HBD check out the following links.

Posted Using LeoFinance Beta