Polygon HBD $PHBD

Polygon HBD (pHBD) is a crypto project that presents a wrapped version of HBD (Hive Backed Dollar from the Hive Blockchain), which is developed on the Polygon blockchain. Despite HBD being the longest-standing algo-stablecoin in the crypto world, it has had difficulties in attaining substantial adoption. HBD carries a fixed savings rate of 20%, which has effectively addressed the demand for HBD. However, a supply issue persists with HBD, and this is where pHBD fills the gap.

pHBD and the Liquidity Pool pHBD-USDC Solution

The emergence of pHBD and the Liquidity Pool pHBD-USDC provides a solution to the supply issue of HBD. An essential element of this project is PolyCUB's decision to launch a pHBD-USDC vault, with a targeted liquidity injection of $5,000,000. The introduction of this vault is anticipated to transform the dynamics of HBD, broadening the possibility for HBD to maintain extensive supply levels to support the integration of DeFi whales.

Future Aspirations for pHBD

The target of $5M liquidity is merely an initial aspiration. Over time, the project aims to accumulate considerably more liquidity to facilitate a greater influx of users coming on board. The ultimate ambition for pHBD is to ensure HBD can become a more dominant player in the DeFi marketplace, serving a wider range of users and larger transactions.