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It Might Make More Logical For Me To Hold HBD and PHBD During A Bear Market

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rtonline
@rtonline
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2 min read

In these days of extreme volatility in the crypto markets, it becomes very difficult to make a profit by staking cryptocurrencies. Although it is possible to earn future profits by taking risks, it is important for me to have risk-free investments in my portfolio. At the moment, it seems possible for me to make significant profits away from risk by holding HBD.

HBD is a decentralized stablecoin pegged to the United States Dollar (USD) and a native token of the Hive Blockchain. Although we are in a bear market, it is trading very close to 1 dollar. There is very little slippage. I think it's normal to have this much slippage in a bear market. Currently, it is possible to earn by saving HBD. Currently HBD interest rate: 20.00% APR. Seems pretty good to me for making risk-free profits in a bear market.

I also have the chance to profit with my stablecoins on the PHBD-USDC Liquidity pool on PolyCUB. PHBD is a version of HBD on the Polygon network. It is a stablecoin pegged to the dollar in USDC. It is possible to earn more than 20% profit by providing liquidity to this pool.

I can earn POLYCUB by providing liquidity to the PHBD-USDC LP on the Farm on PolyCUB. It's been a little over 2 months since POLYCUB was launched. The risk here is a bit more, but I like to accumulate POLYCUB. I have no idea where the POLYCUB price will go in the short term, but it is one of the promising cryptocurrencies for me. That's why I like to earn and accumulate POLYCUB. And I believe it will have more value in the future, so these days when we are in a bear market, I am focusing on seizing the opportunities here. There are also more investment options on PolyCUB. For more information you can visit PolyCUB: https://polycub.com/farms

It's pretty good that HBD offers multiple options to investors. In this way, I can profit from my assets wherever I want. It is possible for me to earn by staking cryptocurrencies, but when the cryptocurrencies lose value, my earnings do not matter. So HBD seems to be a better option for me these days.

I don't want to take too many risks these days. But on the other hand, I like to invest in cryptocurrencies that I trust. It is important for me to include risk-free investments in my portfolio. There is a lot of uncertainty in the crypto markets and I think it is better for me to wait in risk-free investments until these uncertainties disappear.

I do not give financial advice. My posts are my personal opinion. You should do your own research before investing.

If you wish, you can share your personal opinion with us in the comments.

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