The multi-token bridge is another business area on the hive blockchain, though it might be unknown to many because many are focused on the first phase of earning, which involves the division of rewards into second-layer tokens, HBD, and hive itself. Inasmuch as this is a business arena where transactions are done across other blocks and wrappings, there are obvious dealings and rules that pertain to these wrappings, and this measure is used to determine the percentage earnings in terms of APY relative to the token that it is wrapped with. So as wrapping can be done with USDT with coins on Binance exchange, same vein of action has been carried out in here on MTB
The MTB Simplified
The genesis of the multi-token bridge started in August 2022 with business affiliations with Cubfinance and a decentralized autonomous organization. It can't be for less that these two strong holds determine the workouts of the designated APY system and earnings associated with each wrapping.
In light of the understanding of the multi-token bridge and its method of operation, it is necessary to mention wrapping fees, oracle staking, and arbitrage revenue. The concept of these three factors makes it easy for one to understand the methodology of the multi-token bridge. The concept of wrapping fees makes one understand that a small fee of 0.50% is charged, which is more like a gas fee for both wrapping and unwrapping of tokens with their pairs. As pertains to wrapping, the two reward patterns that come in hive blockchain, which is Hive and HBD, can be used to in wrapping thats For example, bHBD can be used in wrapping and unwrapping HBD, and one bHBD is equal to one HBD. In the case of wrapping with bHBD, the following are seen:
bHBD-bHIVE
bHBD-BUSD
bHBD-CUB
Moreso, still in the same vein as Hive, Hive can be used in wrapping, and one Hive is equal to a bhive. The following can be obtained in the case of wrapping Hive:
bHBD-bHIVE
bHIVE-CUB
The next article would be on how to wrap so as to get the equivalent APY and also unwrapping.
Proportion of Earnings
As of when writing this article
Wrapping BHIVE-BNB gives one a total number of APY
114.56% earnings with a Liquidity of $4,207
This being the highest in rewards and open for wrapping only if one could want to.