POLYCUB PHBD-USDC Farm Looks Juicy at 38.48%: Moving My HBD Saving to PHBD-USDC Farm
Evening
So crypto market is still in shock from the last week's bears that sent it's top coin from $40,000 to below $30,000. And as the BTC fell all other alts followed like obedient boys. All of the top 50 coins are in red as of now, shedding significant gains over the last seven days.
While all my investments are down, POLYCUB has been surprising standing in green posting 38.47% gains over the past seven days. POLYCUB have risen from last weeks bottom of $0.14 to as high as $0.25 on Sunday and is currently standing sound at $0.2064.
POLYCUB have defied the broader bearish crypto market trend and seems to be establishing support above $0.2 mark. If POLYCUB price looking stable as of now just a hint of market bulls can push the price on an upward journey.
Even if we were to take $0.2 mark as the base value for POLYCUB, that PHBD-USDC farm offering %38.57 APR is certainly not bad at all . It is also good to see PHBD not swaying too far away from the peg during current bulls run.
So, with POLYCUB stable coin farm is an extreme lucrative offering, especially if you take the future value of POLYCUB into consideration. So I am unstaking my HBD from saving and going to move into PolyCUB PHBD-USDC farm after 3 days(unstaking period). Why have go for 20% APR on HBD staking when there is almost 2X offering on POLYCUB PHBD-USDC farm?
The thing that the most outsiders(and some insiders) don't understand is POLYCUB is a scarce asset, with continuous halvings and once the features like Bonding, Collateralized Lending etc. kick in, POLYCUB is going to be high in demand and that will skyrocket the price.
Now, imagine the future potential PHBD-USDC farm in prospective of POLYCUB deflationary design and its impact on overall Hive ecosystem. PHBD-USDC farm has the potential to bring millions of dollars into the ecosystem, once those stable coin whales start realizing the worth of POLYCUB.
Meanwhile, it is also important to keep an eye on that ever growing XPOLYCUB currently at 21.27X. I am certainly glad that I kept putting all my POLYCUB into XPOLYCUB contract, right from the start and my stakes keep getting higher and higher.
Happy Farming
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I wish polycub can give us a hive keychain login.
How can it do that? It is on Polygon. Hive keychain doesnt support that blockchain that I know of.
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It is good to still see the green bar even at this time where almost every bar seems to be showing red.
I'm happy for you friend, I hope it keeps rising dear.
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Yeah green bars are what we all are longing for. Lets hope bears turn to bulls soon.
Yeah, that's the prayer.
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It is certainly appealing. There is a lot going on at the same time so it is important to keep track of how things are progressing.
Hard to turn down a near 40% APR on a stablecoin. Plus there is a likelihood that POLYCUB does increase in value over the next 90 days so the return could be larger.
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Yeah POLYCUB will pump no doubt about that. Meanwhile I am a bit concerned about Cub. I feel its been overlooked.