Polygon HBD [pHBD]
Name of the Project:
Token Launch Date:
Apr 15, 2022
pHBD is a wrapped version of the HBD (Hive Backed Dollar on the Hive Blockchain) token on the Polygon blockchain.
Platform where the project is based:
pHBD is a Community DAO
The Founders are not anonymous.
Website of Parent Project
pHBD Contract Address on the Polygon Network:
pHBD-USDC LP pair contract:
Message Board (Blog)
pHBD is a wrapped version of the HBD token (Hive Backed Dollar on the Hive Blockchain), built on the Polygon blockchain. HBD is the longest standing algo-stablecoin in all of crypto but it has struggled with achieving mass adoption. HBD has a Fixed Savings Rate of 20%, which has solved the demand issue for HBD.
There’s a supply issue with HBD, which is where pHBD and the Liquidity Pool pHBD-USDC comes into play. PolyCUB is releasing a pHBD-USDC vault and we're aiming to drive $5,000,000 in liquidity to it. You can read the full details in our whitepaper at https://docs.polycub.com/mechanics/phbd
This vault is going to change the dynamics of HBD, opening up the potential for HBD to have large levels of supply to support the onboarding of DeFi whales. $5M is just our initial target. In the long-run, we would like to have a great deal more in liquidity to support a much larger influx of users.