Thanks to the LeoFinance team, HBD is also available on the Polygon network and you can now trade HDB on the Polygon network with any token. It's really great to see HDB on the Polygon network, PolyCUB made it possible with innovative steps.
Also PolyCUB launched pHBD/USDC LP pool with high APR. We have the opportunity to earn high rates by providing liquidity to the pHBD/USDC Stablecoin Pool. This will significantly solve the HBD supply problem. Although it has been about 1 day since it started, about $233,000 of liquidity has been provided. I think this will increase rapidly in the coming days.
How do we add liquidity to the pHBD/USDC farm, let's do it together step by step. There are several ways to do this. In this article, I will add liquidity to pHBD/USDC farm with HBD in my Hive wallet. I would like to point out that I am using Metamask.
For transaction fees, you need to have some MATIC in your wallet. Even 0.05 MATIC will be enough for the transactions I will explain, because the transaction fees are incredibly low.
- First thing I have to do is convert the HBD in my Hive wallet to pHBD wrapped in polygon network.
To do this, go to https://wleo.io/hbd/
Receiving Polygon address : Enter your polygon address
Amount : Enter the amount of HBD you want to transfer.
Then click on TRANSFER.
Once you confirm with the Hive keychain, the pHBD will be transferred to your wallet.
If you haven't added pHBD to your wallet before. If you haven't added pHBD to your wallet before. You must add the pHBD address.
pHBD contract address is: 0x6d969cea201e427d2875724fd4e8044833fbc7f4
Enter the pHBD Token Contract Address and the Token Symbol and Token Decimal fields will be filled automatically. I have added it before, so the fields are not filled automatically. Token Symbol : pHBD Token Decimal : 3
Click Add Custom Token and you can see the pHBD added to your wallet and it will appear in the amount transferred.
Note: If the amount of HBD in your wallet does not appear correctly in the Hive Keychain, it will be fixed when you click on your username above. This happened to me and when I clicked on my username it was fixed.
pHBD instantly appeared in my wallet.
The fact that the transfer fee is quite low is really great.
- You must have the same amount of USDC to provide pHBD/USDC liquidity. You can buy it with other tokens in your USDC wallet. You can exchange it for HBD if you wish. In this article, I will do this with HBD for convenience.
You can use https://app.sushi.com/swap or https://app.paraswap.io/#/?network=polygon platforms for this process. The use of both is the same, but I will use paraswap in this article.
First of all, you must connect your wallet to the paraswap platform, the amount in your wallet will automatically appear in the fields.
When you enter the pHBD amount you want to pay, the USDC amount you will buy will appear. You must first unlock the pHBD.
After clicking Unlock pHBD you can unlock either permanently or thsi time only. You can decide this however you want. After confirming this transaction with your wallet, the lock will be unlocked.
We are now ready to swap.
After clicking Swap, click Confirm Order from the pop-up window and the swap will be completed after you confirm the transaction with your wallet.
You can now see your USDC added to your wallet.
If you haven't added the USDC address to your polygon wallet before. USDC contract address is: 0x2791bca1f2de4661ed88a30c99a7a9449aa84174
I now have pHBD and USDC in my wallet. Time to go to https://polycub.com/farms and enable the LP.
- First, connect to PolyCUB with your wallet. And click Enable. And confirm with your Metamask wallet.
- Then click on Get PHBD-USDC LP on the left and it will direct you to the sushi platform to add liquidity.
You need to approve USDC and pHBD before adding liquidity. After aproving, we are now ready to add liquidity.
Enter your USDC amount to add liquidity and the corresponding pHBD amount will automatically appear. Click on Add Liquidity Then click Confirm Supply and confirm with your Metamask wallet. You now have the PHBD-USDC LP.
- The last step is to deposit your PHBD-USDC LP with PolyCUB.
Let's go to https://polycub.com/farms and click the Stake LP button.
To select all the LP in my wallet, I first clicked on max, then clicked Confirm and confirmed the transaction with my Metamask wallet. I have completed adding pHBD-USDC LP on PolyCUB.
In this article, I have provided approximately $110 worth of liquidity. I would also like to say that the transaction fees are incredibly low.
In this article, I created a new wallet in order to explain it to you in detail. And I tried to explain in detail how to do it, I hope it helps you. For more information, check the @leofinance blog. And if there is anything you want to ask, please feel free to ask me. Also, never hesitate to ask questions on Leofinance.io, many people will be happy to assist you.
If you provided PHBD-USDC LP you can enjoy over 58% APR. PolyCUB did a really great job. https://polycub.com
Brief Description of How to
To wrap:
- Enter your receiving Polygon Network Address
- Enter the Amount of HBD to send
- Hit transfer and confirm with Hivesigner or Hive Keychain
To unwrap:
- Enter your receiving Hive Username
- Enter the Amount of pHBD to send
- Hit transfer and confirm with Metamask
To add liquidity:
- Visit https://app.sushi.com/
- Add pHBD Contract address in one side
- Add USDC in other side
- Approve
- Add Liquidity
To LP on PolyCUB.com and earn yield:
- Visit https://polycub.com/farms
- Enable LP
- Deposit LP Tokens
- Fee for deposits are currently ~0% but will not remain that way forever 🦁
- pHBD contract address: 0x6d969cea201e427d2875724fd4e8044833fbc7f4
- pHBD Wrapping UI: https://wleo.io/hbd/
- Add Liquidity: https://app.sushi.com
- Pool LP Tokens: https://polycub.com/farms
- Trade pHBD: https://app.paraswap.io/#/?network=polygon
- Our Press Release Partners are working on articles to promote pHBD and HBD as the longest-standing algo-stablecoin!
- Questions? https://discord.gg/E4jePHe
Posted Using LeoFinance Beta
