Posts

New Addition To The Leomarkettalk pHBD-USDC Liquidity Pool (7/3/22)

avatar of @taskmaster4450le
25
@taskmaster4450le
·
·
0 views
·
3 min read

@leomarkettalk is committed to supporting Leofinance in all ways possible. One of the initiatives undertaken is having all the HIVE and HBD earned by this account added to the pHBD-USDC liquidity pool.

We realize how important this is to both Hive and Polycub. For that reason, all funds brought in will go into the liquidity pool and never be drawn out. In other words, this is going to be permanent liquidity.

Here is what we wrote in the original post outlining the plan with this:

The main idea is for @leomarkettalk to be a permanent provider to the pHBD liquidity pool. What goes in does not come out. It is liquidity that will keep growing as payouts come.

Hive Swap And pHBD

We are presently powering down our Hive Power. There is more going in so we might reinitiate another power down after the next payout. For now, this is what we traded on the Internal Exchange.

We converted 548 HIVE and received 241 HBD.

Once we had this, we move all the HBD over to pHBD.

We are playing with 412 HBD.

Leomarkettalk pHBD-USDC Liquidity Pool Holding

Before the addition, this is what the holdings for Leomarkettalk in the LP were:

Here is what the additional transaction looked like:

Once that was added to the pool, our holdings now look like this:

We are steadily growing.

POLYCUB Rewards

Of course, our existing holdings in the liquidity pool did net us some POLYCUB.

Nevertheless, here is where we stand:

As we can see, there is 399 POLYCUB ready to be claimed. This is worth $56 at the present pricing. The challenge is that the price of POLYCUB is down now.

According to the AMA from a few weeks ago, the Treasury making purchases is not likely to happen under after the next halving in August. This should have an impact upon the price of POLYCUB as the distribution will drop again (.125 per block) coupled with buying pressure from the Treasury.

For now, there is no buy demand from DeFi 2.0.

As a parking spot, until the price recovers, we put the POLYCUB into xPOLYCUB to gain there. It is likely that between the increasing ratio and the increase in price will more than offset the present 18% the liquidity pool pays.

When the price moves up, we will move out of the xPOLYCUB and swap that into pHBD and USDC. This will be added to the LP.

Here is the present holding of xPOLYCUB:

What You Can Do To Help

This is something many are waiting for. Because of this, instead of "selling" POLYCUB at reduced prices, it is best to take advantage of the anticipated price appreciation to get more into the Liquidity Pool down the road.

All of the HBD and HP rewards from Leomarkettalk posts are all being fed into the liquidity pool. Therefore, the community can help by supporting this account.

To start, drop by the post each day and engage. This is a great way to get to know some of the other Lions.

At the same time, give each post an upvote. As stated, this is going into the liquidity pool, a move that can only help Hive in general.

Leofinance is intent on helping to move Hive forward. This is something that @leomarkettalk supports. To achieve this end, we need the support of the community.

Together we can help this along.


If you found this article informative, please give an upvote and rehive.

gif by @doze

logo by @st8z

Posted Using LeoFinance Beta