RE: HBD Interest Rates Are Now 20% | We're Building a $5M Liquidity Pair for HBD-USDC

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I have 2 questions here:

  • Is the pHBD backed by HBD?
  • I don't really understand this point

This will work identical to pLEO so if you've ever used it, then you'll know exactly how it works

Will we use the same bridge like LEO (https://wleo.io/polygon) to wrap HDB to pHBD?

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Yes it is 1 to 1 backed - just as 1pLEO is backed by 1 native LEO on the hive blockchain and is verifiable using wLEO.io.

Every pHBD is backed by 1 HBD on Hive and can be unwrapped at any time for 1 HBD

Posted Using LeoFinance Beta

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