Here's Why pHBD-USDC On Polycub Is My Safe Haven for The Crypto Winter.
The Crypto winter is regarded to be the harshest period in the market cycle and it sure feels like we're approaching one very soon. Although, this may not be as harsh as those witnessed before for reasons like the global mass adoption of cryptos and the fact that the market feels pretty stable right now.
Still, the crypto winter could be so harsh on investors that many would seek a safe haven to avoid the ruthless effect of the market on their portfolio. Stablecoins are the most sorted cryptos for this purpose and right now, the pHBD-USDC on Polycub is my most preferred option for the coming winter and this is why.
HBD is the longest-standing stablecoin in the market and one with so much potentials right now. Saving it on the Hive blockchain also yields one of the highest APR on a stablecoin but it even offers a higher APR when staked in the pHBD-USDC on Polycub( 57% at the writing of this post ). By staking in the liquidity pool, I really have no need to worry about how harsh the crypto market could be and if my portfolio would crash so hard. I do have some cryptos I hold for long term but diversification is the name of the game when dealing with cryptos and pHBD-USDC is my most preferred option right now. I also get to earn from staking my HBD and hence I don't have much reasons to tremble if at all the market bounces back up. My staked HBD is just a fraction of my holdings and since its value isn't reducing and I can earn from staking it, I believe I'm safe and doing fine.
Most importantly, the pHBD-USDC liquidity pool offers all holders of HBD an easy route to enter and exit the crypto market when they feel it's the right time to buy back some cryptos. The issue of low liquidity of HBD present on the Hive blockchain has been resolved and I'll be having the opportunity to exit the HBD market so easily without the hitch of low liquidity and buy back any crypto of my choice.
Before the launch of pHBD-USDC on Polycub, saving HBD on Hive was my most prefered stablecoin option and the best way to be safe in the crypto winter but that has all changed now as staking my HBD in the PHBD-USDC liquidity pool offers more safety and is the best investment option for me if we ever get to the harshest period of the market cycle.