There’s a new twist coming to Hive, it’s called pHive, for those who don’t know, this is essentially bringing Hive over to Polygon network through Polycub just like pHBD, in that for every 1pHive on Polycub, there will be 1Hive backing it on the Hive blockchain.

So who needs a pHive?

It is a fantastic opportunity to put liquid Hive to use, anyone who wants to make returns that is higher than what the blockchain currently offers with Hive powered up can ape in. People have been clamoring for DeFi on Hive, this is the closest thing to that.

To make money with Hive, you either power it up or actively trade it. pHive is the new twist. That’s the thing, having Hive powered up gives influence on the platform, governance abilities and access to the reward pool. How many people will want to trade this for more APR?

Super Bullish on Hive

According to khal the APR on pHive will be juicy, you can see so yourself. Am I sold? Certainly. Personally, I’ve been buying and holding liquid Hive and even initiated a power down before the pHive announcement was made, I just wanted to have some liquid Hive incase of a market pump.

And before I knew it I got presented with a way to do that while still making some money as I wait for the market pump. Ermm no, I certainly will not be leaving money on the table, pHive on Polycub is exactly money on the table.

However, the larger percentage of my Hive power will remain powered up. I suspect this will be the same for many people, so it is safe to assume that this will create demand for Hive through
a• people will buy Hive, or
b• those that have HP will power down little percents of their Hive power’s to participate or
c• not power down at all.
d• people will buy hive

Stats by @arcange

Perhaps this will also help reduce the amount of liquid Hive on exchanges. People can put their liquid Hive to work while remaining liquid.

I’m even more bullish on Polycub

Wrapping fees and unwrapping fees for HBD, HBD trading fees are all accumulating, pHBD apr savings on Hive, now add that to wrapping and unwrapping fees for Hive with trading fees, all accumulating in the protocol owned liquidity to buy back Polycub from the market

With the airdrop ending on May 4th along with the POLYCUB halvening from 1 POLYCUB / block to 0.5 POLYCUB / block, we're going to see a dramatic reduction in the amount of POLYCUB hitting the market. This is likely to have a beneficial impact - as a large % has been dumped onto the market from the airdrop.

Can you see what I’m seeing? Add this to the thoughts I outlined here in this post titled Xpolycub - introducing a new dynamic, with governance already functioning, we can see another window of demand for Polycub open as soon as pHive and pSPS tokens are integrated and communities wars which I explained in the linked post is kick started, also adding the fact that every integrated token will also follow suit.

I’ve said it before and I’ll say it again, one thing that is needed to make a Defi platform successful is in optimizing yield. If yield is properly optimized, the DeFi platform will be long term sustainable. Through Polycubs token emissions schedule, value accrual mechanisms and upcoming bonding I can say that Polycub is geared to have bright future ahead.

Thanks for reading.

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