How to Convert Hive into pHive and earn High APR

zartisht in #hive-167922 • 3 years ago

Hello lovely people of HIVE community. Hopefully you will be enjoying your life with good health and spirit. Friends, finally much awaited pHive farming has been launched. pHive pairs with Polycub and currently it is offering 68% APR.

If you are interested to invest in this farm all you need to convert Hive in to Polycub HIVE. It is simple to convert Hive into pHive. All you need to follow simple steps.

Longin to
https://wleo.io/hive

Enter Polygon address where you want to receive pHive shown in black
Enter the amount you want to convert shown in red color.

source
Transfer it by using Hive keychain or Hivesigner
You can check polygon wallet.
Transaction will cast you 0.25 Hive.
Ensure you have enough liquid Hive in yor account.
To join pHive Polycub farm and find contract address please use below link.

https://docs.polycub.com/resources/polygon-contracts

You can transfer them back in to native Hive by clicking "OR TRANSFER THEM BACK" shown in blue in second image.

Enter Hive username and the amount you want to send back and transfer the transaction through Hive Keychain or Hivesigner.

I hope you don't need to convert pHive into Hive as long as the APR ratio remains high. Currently APR is almost 9 times greater in pHive-Polycub farm. What is your opinion my friends?

I hope you will like my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.

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#hive-engine #gems #proofofbrain #oneup #posh #ocd #ctp #hive #leofinance

3 years ago in #hive-167922 by zartisht

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whatsup 3 years ago

Nice that is simple, I was busy with a family emergency when all of this launched.

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zartisht 3 years ago

Hope your family emergency matter will be settled down.

merit.ahama 3 years ago

So easy to follow, and I'm just finding out that I can earn more with phive, interesting!
Thanks for this guide post @zartisht

nanouche 3 years ago

It seems to be interesting to get 60%

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typebox 3 years ago

Thanks for the heads up and information. They sure come in handy , and at 0.25 hive transaction fee what else can one ask for .

asakasa 3 years ago

!LUV

kraken99 3 years ago

Post educativo de esos que son útiles y necesarios. De esos que me gusta leer.

coolguy222 3 years ago

That's a nice and detailed explanation for newbies.

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olympicdragon 3 years ago

A nice tuition. Now I can send Hive into pHive !

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aristak 3 years ago

Let's see if I understand: I transfer HIVE to pHIVE, then I make a profit because the price of pHIVE is rising ¿Not?

zartisht 3 years ago

Converting from native Hive token to pHive is not a complete process to earn profit. Infact it is the basic step to make profit. Polycub is offering Farming of pHive-polycub coin which is offering APR of 125%.

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aristak 3 years ago

Oh, now I understand better. Thank you 😁

emeka4 3 years ago

This is really nice to attract more individuals to be part of this

adedayoolumide 3 years ago

Thanks for sharing, I've been looking for a way to farm PolyCub, with this idea I can hold phive

femcy-willcy 3 years ago

how do i get my polygon address

brando28 3 years ago

It's your Polygon wallet address, if you have Metamask for example and Polygon network added to it.

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zartisht 3 years ago

you have to make it yourself. If you don't know you may check this tutorial. It may help you to make polygon address.

https://academy.binance.com/en/articles/how-to-add-polygon-to-metamask

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femcy-willcy 3 years ago

thanks so much

brando28 3 years ago

Since I'm quite new to hive I always appriciate these kind of instructions. Simple and clear, thanks for this!

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ifarmgirl 3 years ago

Thank you for this guide, it will be very helpful to first-time users of the bridge :)

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stayoutoftherz 3 years ago

8% only? Did you miss a zero? And currently it is 62%.

To bridge to pHIVE is the easy part. To then pair (on Sushi) and add the pool tokens takes some more steps.

zartisht 3 years ago

Thanks for pointing out. There is problem in my keyboard, so i missed the "6" number. stay blessed

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stayoutoftherz 3 years ago

You too! By the way, for me it looks as if the APR now jumped to 125%.
This is quite unexpected! Any idea?

zartisht 3 years ago

hmmm. I just checked this. It is once again in three figure. currently 126.9.
In my little understanding, APR number depends upon the total liquidity. Decrease in liquidity increase the APR number. Decreased in liquidity may be happended either the withdrawal of funds or dip in worth of either tokens. To make it more simpler. Reward is fixed. Suppose team distribute 1,000 PC every day. low liquidity in the pool will increase the reward and APR and high liquidity will decrease the reward for each user as well as APR.
stay blessed @stayoutoftherz

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stayoutoftherz 3 years ago

Yes, but in this case the drastic APR change was not coupled to a change in volume locked. I guess they just changed the algorithm to make the pool more attractive, or it is a bug.

heskay 3 years ago

THANKS for sharing this. It was informative