Can Blocktrades Help With HBD Supply To Retailers

Ever since the topic of HBD and its supply has been brought to our attention i can’t help but stay curious on how to get some HBD. While the Leofinance team is making effort to make sure that liquidity is provided through the pHBD-USDC liquidity pool I can’t help but try to look for alternatives.

Reading, blogging and researching on Leofinance feels like another journey of college to me right now as I am learning a lot of economical and financial terms especially in crypto. So first of all I got questions and I hope that anyone that reads this can give me an answer. The current liquidity invested in the pHBD-USDC pool is $282k, this means that half of that is in pHBD and the other half is in USDC. Roughly $141k liquidity is in pHBD, the technicalities and how liquidity is distributed is something I still don’t understand. If a whale has $200k worth of Matic and wants to trade it for some pHBD, is that going to be possible? This is a question that keeps pondering my mind. If he swaps the Matic for pHBD will the smart contract only sell $141k worth of pHBD to him leaving the pHBD all in the whales wallet?

Is it only possible if the demand is way lower than the liquidity? For instance a $200k worth of HBD can only be bought if the liquidity of pHBD present is over $500k. Okay just thinking out loud and having some HBD thoughts.

Now we have the polycub platform as a place to get some HBD but it’s liquidity is quite low, can we go to the Hive internal market to get some HBD. Before any one will have to take this route they will have to create a Hive account and have some understanding of how the Hive’s internal market works. But how much liquidity do we have there? Most HBDs are in people’s wallet, not available in the internal market, so this leaves us with the question, how much is available in the open market?

From the picture above you can see that $41k was the volume traded in the internal market within 24 hours. Although from the orders placed in the internal market it’s obviously not possible because not enough are willing to sell their HBD at the same time because of the 20% APR. They rather earn the APR than sell it, this leads us to using blocktrades.

If you have a @blocktrades account you will notice that you are subjected to making $1750 daily transaction but when you verify your account you can do a $2903 worth of transactions daily, but after fees and charges you will only receive 2820 HBD. I don’t really know if this transaction is limited to daily or limited to per transaction. But let’s assume that it’s per day, this means that you can only do $84,600 transactions in a month which is really small for a whale that wants to get up to $200k worth of HBD. This means that it will take them 2 months+ to finally get up to $200k HBD.