pHIVE: Adding more value to the Hive ecosystem.

Hello everyone...

Today the leofinnce team has surprised us once again in less than a month, this is incredible because in only 4 months and 6 days so far this year, they have already launched 3 new projects that promise a lot and which will give a lot of attention to Hive and leofinance on the radar of large and small investors looking for good returns in a reliable place.

For example, to realize the speed of development we can see that in the first days of March PolyCUB was launched, what it did was to expand the look towards a new horizon in DeFi but in the polygon network, and of course this project brought a whole Leoverse where it will give more exposure to the CUB project but in other blockchain networks in order to bring a product that is present in everything within reach of everyone.

Later, as there was a rise in the APY rates on the HBD locked in savings, the leofinance team started to come up with a new project taking advantage that there would be thousands or hundreds of thousands of users who wanted to take advantage of that 20% APY, but the only drawback is that there is not enough liquidity and that is why they launched the pHBD token wrapped in polycub, which is in a new vault, with the purpose of providing great liquidity for the HBD investor market to grow. The pHBD project plans to have a liquidity of $5M and is currently at $370k and continues to grow every day.

But why only build a pHBD coil, when you can build a pHIVE coil as well?

And that is precisely what the leofinance team has done, as today they have launched pHIVE, which is the wrapped version of HIVE and is backed 1:1 by native HIVE on the Hive blockchain.

What is the goal of pHIVE?.

For PolyCUB, it generates massive Value Accrual through the DAO-operated bridge

For Hive, it creates an onramp and offramp for users to flow in and out of the ecosystem. Yet another exchange listing on a decentralized exchange (Sushiswap) where users can freely transact and provide liquidity to earn yield in the form of POLYCUB
-@leofinance-

In addition, since pHBD generates wrap fees, arbitrage revenue and overall value accrual for the PolyCub protocol, and if there is another coil it can further triple the revenue for the PolyCUB protocol to pay POLYCUB to all liquidity providers.

How to obtain pHIVE?

You can get pHIVE by wrapping native HIVE in pHIVE, the same to unwrap pHIVE to HIVE using https://wleo.io. If you have already used Cub defi in the BSC, this will also be easy for you.

• First step: Go to https://wleo.io/hive/

• Second step: While there, in the Receiving Polygon Address box enter your metamask address of the polygon network, and in the Amount box enter the amount of pHIVE you wish to receive.

• Third step: After you click on the Transfer button, a box will appear where you should enter your Hive username and then approve with Keychain and you are done, then you should check your metamask polygon wallet and you will see the pHIVE.

To provide liquidity and get performance in pHIVE you must:

• Click "Get PHIVE-POLYCUB" or follow this link: https://app.sushi.com/add/0x7cc15fef543f205bf21018f038f591c6bada941c/0x456320e9b87a7c84a53b8ab300067f3a29aab301
• Provide pHIVE-POLYCUB tokens as liquidity

• Once confirmed, come back to https://polycub.com/farms and click "Enable" to unlock the vault
• Once the vault is unlocked, click "Stake" to add your LP tokens to the vault and start earning
  -_SOURCE-

Undoubtedly, Hive and the entire ecosystem has a lot to offer, and these defi developments will show the enormous potential that Hive has for all users who want to participate, and also makes available to all the integration even more to the crypto ecosystem and alternative networks such as polygon.

Without a doubt the future for Hive and all it has to offer is very, very bright.

Posted Using LeoFinance ^Beta